Pactiv Evergreen Management
Management criteria checks 1/4
Pactiv Evergreen's CEO is Mike King, appointed in Mar 2021, has a tenure of 3.75 years. total yearly compensation is $10.68M, comprised of 12% salary and 88% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth €16.16M. The average tenure of the management team and the board of directors is 2.6 years and 2.5 years respectively.
Key information
Mike King
Chief executive officer
US$10.7m
Total compensation
| CEO salary percentage | 12.0% |
| CEO tenure | 3.8yrs |
| CEO ownership | 0.5% |
| Management average tenure | 2.6yrs |
| Board average tenure | 2.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$167m |
| Jun 30 2024 | n/a | n/a | US$73m |
| Mar 31 2024 | n/a | n/a | -US$86m |
| Dec 31 2023 | US$11m | US$1m | -US$228m |
| Sep 30 2023 | n/a | n/a | -US$223m |
| Jun 30 2023 | n/a | n/a | -US$75m |
| Mar 31 2023 | n/a | n/a | US$137m |
| Dec 31 2022 | US$11m | US$1m | US$315m |
| Sep 30 2022 | n/a | n/a | US$323m |
| Jun 30 2022 | n/a | n/a | US$150m |
| Mar 31 2022 | n/a | n/a | US$86m |
| Dec 31 2021 | US$7m | US$950k | US$31m |
Compensation vs Market: Mike's total compensation ($USD10.68M) is above average for companies of similar size in the German market ($USD1.94M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike King (44 yo)
3.8yrs
Tenure
US$10,681,537
Compensation
Mr. Michael Jack King, also known as Mike, serves as Director at Pactiv Evergreen Inc. since September 2020 and also serves as its Chief Executive Officer and President since March 5, 2021. He had been Pre...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.8yrs | US$10.68m | 0.54% € 16.2m | |
| Chief Financial officer | 2.6yrs | US$3.81m | 0.13% € 4.0m | |
| Chief Legal Officer & Corporate Secretary | 3.5yrs | US$2.27m | 0.090% € 2.7m | |
| President of Foodservice | 4.3yrs | US$3.30m | 0.17% € 4.9m | |
| President of Food & Beverage Merchandising | 4.3yrs | US$2.09m | 0.088% € 2.6m | |
| Chief Operations Officer | 3.3yrs | US$2.15m | 0.087% € 2.6m | |
| Chief Accounting Officer | 1.1yrs | no data | no data | |
| Chief Information Officer | 2.4yrs | no data | no data | |
| Vice President of Strategy & Investor Relations | 1.9yrs | no data | no data | |
| Chief Counsel of Litigation & Compliance | less than a year | no data | no data | |
| Senior Director of Communications & Creative Services | no data | no data | no data | |
| Vice President of Sales & Food Merchandising | 2.4yrs | no data | no data |
2.6yrs
Average Tenure
49yo
Average Age
Experienced Management: PEG's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | US$10.68m | 0.54% € 16.2m | |
| Independent Director | no data | US$268.35k | 0.034% € 1.0m | |
| Independent Director | no data | US$266.26k | 0.045% € 1.3m | |
| Director | 4.9yrs | no data | 0.023% € 691.5k | |
| Independent Chairman of the Board | 2.5yrs | US$400.08k | 0.047% € 1.4m | |
| Independent Director | less than a year | no data | 0.000010% € 297.5 | |
| Director | 2.5yrs | no data | 0.094% € 2.8m |
2.5yrs
Average Tenure
57yo
Average Age
Experienced Board: PEG's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 03:39 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Pactiv Evergreen Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ghansham Panjabi | Baird |
| Mark Wilde | BMO Capital Markets Equity Research |
| George Staphos | BofA Global Research |