Arkema Management

Management criteria checks 3/4

Arkema's CEO is Thierry Le Henaff, appointed in Mar 2006, has a tenure of 18.67 years. total yearly compensation is €5.07M, comprised of 19.7% salary and 80.3% bonuses, including company stock and options. directly owns 0.53% of the company’s shares, worth €30.99M. The average tenure of the management team and the board of directors is 4.7 years and 4.3 years respectively.

Key information

Thierry Le Henaff

Chief executive officer

€5.1m

Total compensation

CEO salary percentage	19.7%
CEO tenure	18.7yrs
CEO ownership	0.5%
Management average tenure	4.7yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Thierry Le Henaff's remuneration changed compared to Arkema's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€346m
Jun 30 2024	n/a	n/a	€342m
Mar 31 2024	n/a	n/a	€349m
Dec 31 2023	€5m	€1m	€402m
Sep 30 2023	n/a	n/a	€393m
Jun 30 2023	n/a	n/a	€503m
Mar 31 2023	n/a	n/a	€752m
Dec 31 2022	€5m	€1m	€949m
Sep 30 2022	n/a	n/a	€1b
Jun 30 2022	n/a	n/a	€1b
Mar 31 2022	n/a	n/a	€1b
Dec 31 2021	€6m	€1m	€1b
Sep 30 2021	n/a	n/a	€1b
Jun 30 2021	n/a	n/a	€1b
Mar 31 2021	n/a	n/a	€350m
Dec 31 2020	€4m	€1m	€304m
Sep 30 2020	n/a	n/a	€312m
Jun 30 2020	n/a	n/a	€365m
Mar 31 2020	n/a	n/a	€422m
Dec 31 2019	€4m	€900k	€491m
Sep 30 2019	n/a	n/a	€561m
Jun 30 2019	n/a	n/a	€590m
Mar 31 2019	n/a	n/a	€633m
Dec 31 2018	€5m	€900k	€674m
Sep 30 2018	n/a	n/a	€685m
Jun 30 2018	n/a	n/a	€653m
Mar 31 2018	n/a	n/a	€594m
Dec 31 2017	€3m	€900k	€543m

Compensation vs Market: Thierry's total compensation ($USD5.34M) is above average for companies of similar size in the German market ($USD3.49M).

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

CEO

Thierry Le Henaff (61 yo)

18.7yrs

Tenure

€5,068,380

Compensation

Mr. Thierry Le Henaff has been Lead Independent Supervisory Board Member at Compagnie Générale des Établissements Michelin Société en commandite par actions since June 23, 2020. Mr. Le Henaff has been the...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thierry Le Henaff	Chairman & CEO	18.7yrs	€5.07m	0.53% € 31.0m
Marie-José Donsion	Chief Financial Officer	6.4yrs	€27.50k	no data
Marc Schuller	Chief Operating Officer of Coating Solutions	4.7yrs	no data	no data
Armand Ajdari	Chief Technology Officer	2.8yrs	no data	no data
Beatrice Zilm	Vice President of Investor Relations	no data	no data	no data
Thierry Parmentier	Executive Vice President of Human Resources & Corporate Communication	5.3yrs	no data	no data
Sophie Fouillat	Executive Vice-President of Strategy	less than a year	no data	no data
Luc Benoit-Cattin	Executive Vice President of Industry & CSR	7.3yrs	no data	no data
Christophe Villain	Executive Vice-President of Advanced Materials	8.8yrs	no data	no data
Erwoan Pezron	Advisor to the Chairman and Chief Executive Officer	4.5yrs	no data	no data
Richard Jenkins	Senior Vice President of Coating Solutions	4.5yrs	no data	no data
Laurent Tellier	Senior Vice President of High Performance Polymers and Fluorogases	1.8yrs	no data	no data

4.7yrs

Average Tenure

60.5yo

Average Age

Experienced Management: V1S's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thierry Le Henaff	Chairman & CEO	18.7yrs	€5.07m	0.53% € 31.0m
Vincent Legros	Executive VP of Adhesives Solutions (Bostik)	no data	no data	no data
Marie-Ange Debon	Non-Executive Independent Director	6.5yrs	€70.75k	0.00073% € 42.7k
Thierry Pilenko	Non-Executive Independent Director	3.5yrs	€65.25k	0.00066% € 38.6k
Ian Hudson	Non-Executive Independent Director	5.5yrs	€75.25k	0.00060% € 35.1k
Isabelle Boccon-Gibod	Non-Executive Director	10.5yrs	€70.25k	no data
Sebastien Moynot	Representative Director	3.5yrs	€55.25k	no data
Helene Moreau-Leroy	Senior Independent Director	9.4yrs	€66.50k	0.00060% € 35.1k
Philippe Sauquet	Non-Executive Independent Director	3yrs	€56.50k	0.0037% € 218.6k
Ilse Henne	Non-Executive Independent Director	3.5yrs	€56.75k	0.0011% € 62.0k
Susan Rimmer	Employee Representative Director	4.3yrs	no data	no data
Nicolas Patalano	Shareholder Employees Representative Director	2.5yrs	no data	no data

4.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: V1S's board of directors are considered experienced (4.3 years average tenure).

Arkema Management

Management criteria checks 3/4

Key information

Recent management updates

Arkema S.A. Announces Management Changes

Arkema S.A., Annual General Meeting, May 15, 2024

Arkema S.A. Appoints Florence Lambert and Séverin Cabannes as Director

Arkema S.A. Announces Executive Changes

Recent updates

Third quarter 2024 earnings released: EPS: €1.43 (vs €1.39 in 3Q 2023)

Arkema S.A. to Report Q1, 2025 Results on May 07, 2025

Arkema Launches Ethyl Acrylate Based Entirely on Bioethanol

Arkema S.A. Announces Management Changes

Second quarter 2024 earnings released: EPS: €1.94 (vs €2.03 in 2Q 2023)

Arkema S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025

Upcoming dividend of €3.50 per share

First quarter 2024 earnings released: EPS: €0.99 (vs €1.77 in 1Q 2023)

Arkema S.A. (ENXTPA:AKE) agreed to acquire The Dow Chemical Company from Dow Inc. (NYSE:DOW) for an enterprise value of $150 million.

Dividend increased to €3.50

Full year 2023 earnings released: EPS: €5.39 (vs €12.81 in FY 2022)

Arkema S.A. to Report Q2, 2024 Results on Aug 01, 2024

Arkema S.A. (ENXTPA:AKE) acquired an unknown minority stake in Tiamat.

Arkema S.A. (ENXTPA:AKE) acquired Arc Bulding Products.

Arkema S.A. (ENXTPA:AKE) completed the acquisition of 54% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Glenwood Private Equity.

Arkema S.A. to Report Q1, 2024 Results on May 07, 2024

Third quarter 2023 earnings released: EPS: €1.39 (vs €2.88 in 3Q 2022)

Arkema S.A., Annual General Meeting, May 15, 2024

Second quarter 2023 earnings released: EPS: €2.03 (vs €5.42 in 2Q 2022)

Now 20% undervalued

Arkema S.A. (ENXTPA:AKE) agreed to acquire a 54% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Glenwood Private Equity for approximately €730 million.

Arkema S.A. (ENXTPA:AKE) agreed to acquire a 54% stake in PI Advanced Materials Co., Ltd. (KOSE:A178920) from Glenwood Private Equity for approximately €730 million.

Arkema S.A. agreed to acquire Polytec PT GmbH Polymere Technologien.

Arkema S.A. Appoints Florence Lambert and Séverin Cabannes as Director

Upcoming dividend of €3.40 per share at 3.9% yield

First quarter 2023 earnings released: EPS: €1.70 (vs €4.34 in 1Q 2022)

Full year 2022 earnings released: EPS: €12.81 (vs €17.15 in FY 2021)

Full year 2022 earnings released: EPS: €12.81 (vs €17.15 in FY 2021)

Arkema S.A. Announces Executive Changes

Prayon S.A. completed the acquisition of Febex S.A from Arkema S.A. (ENXTPA:AKE).

Arkema S.A. to Report Q1, 2023 Results on May 05, 2023

Third quarter 2022 earnings released: EPS: €2.88 (vs €3.19 in 3Q 2021)

Third quarter 2022 earnings released: EPS: €2.88 (vs €3.19 in 3Q 2021)

Prayon S.A. entered into an agreement to acquire Febex S.A from Arkema S.A. (ENXTPA:AKE).

Arkema S.A. (ENXTPA:AKE) acquired Polimeros Especiales, S.A. De C.V.

Second quarter 2022 earnings released

Arkema S.A. to Report Fiscal Year 2022 Results on Feb 23, 2023

Arkema S.A. (ENXTPA:AKE) agreed to acquire Polimeros Especiales, S.A. De C.V.

Investor sentiment deteriorated over the past week

Upcoming dividend of €3.00 per share

First quarter 2022 earnings released: EPS: €4.34 (vs €1.62 in 1Q 2021)

Full year 2021 earnings released: EPS: €17.13 (vs €3.98 in FY 2020)

Investor sentiment deteriorated over the past week

Arkema S.A. (ENXTPA:AKE) completed the acquisition of Performance Adhesives Business of Ashland LLC.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Arkema S.A. to Report Q3, 2022 Results on Nov 10, 2022

Arkema S.A. Recommends Dividend, Payable on May 25, 2022

Arkema S.A. (ENXTPA:AKE) agreed to acquire Shanghai Zhiguan Polymer Materials.

Now 21% undervalued

Arkema S.A. (ENXTPA:AKE) agreed to acquire Permoseal (Pty) Ltd.

Third quarter 2021 earnings released: EPS €3.19 (vs €1.02 in 3Q 2020)

Cargill, Incorporated agreed to acquire Epoxides Business of Arkema S.A. (ENXTPA:AKE) for $38.8 million.

Arkema S.A. (ENXTPA:AKE) entered into a Purchase and Sale Agreement to acquire Performance Adhesives Business of Ashland LLC for $1.7 billion.

Second quarter 2021 earnings released: EPS €10.82 (vs €1.56 in 2Q 2020)

Arkema Announces New Breakthrough Range of Renewable PVDF Grades for Lithium-Ion Batteries

Arkema S.A. (ENXTPA:AKE) agreed to acquire Erpro 3d Factory.

Non-Executive Independent Director has left the company

Non-Executive Independent Director has left the company

Non-Executive Independent Director has left the company

Upcoming dividend of €2.50 per share

First quarter 2021 earnings released: EPS €1.56 (vs €1.02 in 1Q 2020)

Trinseo S.A. (NYSE:TSE) completed the acquisition of polymethyl methacrylates and activated methyl methacrylates business from Arkema S.A. (ENXTPA:AKE).

Full year 2020 earnings released: EPS €3.98 (vs €6.45 in FY 2019)

New 90-day high: €97.98

Full year 2020 earnings released: EPS €4.34 (vs €6.45 in FY 2019)

Revenue beats expectations

New 90-day low: €88.70

Arkema S.A. to Report First Half, 2021 Results on Jul 29, 2021

Trinseo S.A. (NYSE:TSE) entered into a binding agreement to acquire polymethyl methacrylates and activated methyl methacrylates business from Arkema S.A. (ENXTPA:AKE) for an enterprise value of approximately $1.4 billion.

Third quarter 2020 earnings released: EPS €1.02

Revenue beats expectations