Sappi Limited

DB:SPI Stock Report

Market Cap: €1.5b

Sappi Management

Management criteria checks 4/4

Sappi's CEO is Steve Binnie, appointed in Jul 2014, has a tenure of 10.42 years. total yearly compensation is $971.58K, comprised of 54.8% salary and 45.2% bonuses, including company stock and options. directly owns 0.098% of the company’s shares, worth €1.48M. The average tenure of the management team and the board of directors is 10.4 years and 7 years respectively.

Key information

Steve Binnie

Chief executive officer

US$971.6k

Total compensation

CEO salary percentage54.8%
CEO tenure10.4yrs
CEO ownership0.1%
Management average tenure10.4yrs
Board average tenure7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steve Binnie's remuneration changed compared to Sappi's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$33m

Jun 30 2024n/an/a

-US$86m

Mar 31 2024n/an/a

-US$97m

Dec 31 2023n/an/a

-US$57m

Oct 01 2023n/an/a

US$259m

Jun 30 2023n/an/a

US$325m

Mar 31 2023n/an/a

US$484m

Dec 31 2022n/an/a

US$603m

Oct 02 2022n/an/a

US$536m

Jun 30 2022n/an/a

US$545m

Mar 31 2022n/an/a

US$364m

Dec 31 2021n/an/a

US$153m

Sep 26 2021n/an/a

US$13m

Jun 30 2021n/an/a

-US$110m

Mar 31 2021n/an/a

-US$201m

Dec 31 2020n/an/a

-US$176m

Sep 27 2020n/an/a

-US$135m

Jun 30 2020n/an/a

US$3m

Mar 31 2020n/an/a

US$84m

Dec 31 2019n/an/a

US$154m

Sep 29 2019n/an/a

US$211m

Jun 30 2019n/an/a

US$268m

Mar 31 2019n/an/a

US$311m

Dec 31 2018n/an/a

US$341m

Sep 30 2018US$2mUS$558k

US$323m

Compensation vs Market: Steve's total compensation ($USD971.58K) is below average for companies of similar size in the German market ($USD1.51M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.

CEO

Steve Binnie (57 yo)

10.4yrs

Tenure

US$971,578

Compensation

Mr. Stephen Robert Binnie, also known as Steve, B.Com, B Acc, CA(SA), MBA has been the Chief Executive Officer of Sappi Limited since July 1, 2014. Mr. Binnie served as the Chief Financial Officer at Sappi...

Leadership Team

NamePositionTenureCompensationOwnership
Maarten van Hoven
Group Head of Strategy & Legal13yrsUS$678.28k0.038%
€ 571.5k
Fergus Conan Marupen
Group Head of Human Resources9.8yrsUS$656.36k0.017%
€ 259.0k
Alexander van Coller Thiel
Executive Officer & Group Head of Strategic Projectsno dataUS$1.11m0.10%
€ 1.5m
Louis Kruyshaar
Group Head of Manufacturing & Innovationno dataUS$612.96kno data
Mohamed Mansoor
Executive Vice President of Sappi Pulp33.3yrsUS$1.24m0.014%
€ 204.5k
Michael Haws
Chief Executive Officer of Sappi North America12.9yrsUS$1.32m0.0099%
€ 149.3k
Marco Eikelenboom
Chief Executive Officer of Sappi Europe32.3yrsUS$1.60m0.0057%
€ 86.7k
Stephen Binnie
CEO & Executive Director10.4yrsUS$971.58k0.098%
€ 1.5m
Glen Pearce
CFO & Executive Director10.4yrsUS$541.10k0.086%
€ 1.3m
Marjorie Boles
Group Chief Information Officer6.5yrsno datano data
Tracy Wessels
Group Head of Investor Relations & Sustainability3.9yrsno datano data
Andre S. Oberholzer
Group Head of Corporate Affairsno datano datano data

10.4yrs

Average Tenure

57yo

Average Age

Experienced Management: SPI's management team is seasoned and experienced (10.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Stephen Binnie
CEO & Executive Director12.3yrsUS$971.58k0.098%
€ 1.5m
Glen Pearce
CFO & Executive Director27.5yrsUS$541.10k0.086%
€ 1.3m
James Lopez
Independent Non-Executive Director5.8yrsUS$140.52kno data
Robertus Johannes Antonius Renders
Independent Non Executive Director9.2yrsUS$163.59kno data
Mohammed Moosa
Lead Independent Director14.3yrsUS$83.41kno data
Nkululeko Sowazi
Independent Chairman2.2yrsUS$110.74kno data
Brian Beamish
Independent Non Executive Director5.8yrsUS$143.79kno data
Eleni Istavridis
Independent Non-Executive Director2.2yrsUS$140.56kno data
Michael Fallon
Independent Non-Executive Director13.3yrsUS$186.99kno data
Bonakele Mehlomakulu
Independent Non-Executive Director7.8yrsUS$64.90kno data
Zola Malinga
Independent Non-Executive Director6.2yrsUS$65.23kno data
Louis Leon Zeuner
Independent Non-Executive Director2.3yrsUS$58.88kno data

7.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: SPI's board of directors are considered experienced (7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 01:17
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Sappi Limited is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brent MadelAbsa Bank Limited
Sean UngererArqaam Capital Research Offshore S.A.L.
Caroline LearmonthBarclays