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Glatfelter Management
Management criteria checks 2/4
Glatfelter's CEO is Thomas Fahnemann, appointed in Aug 2022, has a tenure of 2.25 years. total yearly compensation is $3.50M, comprised of 30% salary and 70% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth €3.06M. The average tenure of the management team and the board of directors is 8.2 years and 10.2 years respectively.
Key information
Thomas Fahnemann
Chief executive officer
US$3.5m
Total compensation
| CEO salary percentage | 30.0% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.3% |
| Management average tenure | 8.2yrs |
| Board average tenure | 10.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$71m |
| Jun 30 2024 | n/a | n/a | -US$70m |
| Mar 31 2024 | n/a | n/a | -US$91m |
| Dec 31 2023 | US$3m | US$1m | -US$78m |
| Sep 30 2023 | n/a | n/a | -US$104m |
| Jun 30 2023 | n/a | n/a | -US$133m |
| Mar 31 2023 | n/a | n/a | -US$99m |
| Dec 31 2022 | US$2m | US$373k | -US$194m |
Compensation vs Market: Thomas's total compensation ($USD3.50M) is above average for companies of similar size in the German market ($USD1.45M).
Compensation vs Earnings: Thomas's compensation has increased whilst the company is unprofitable.
CEO
Thomas Fahnemann (63 yo)
2.3yrs
Tenure
US$3,495,919
Compensation
Mr. Thomas M. Fahnemann has been a Member of Managing Board at Semperit AG since December 2010. He is President and Chief Executive Officer of Glatfelter Corporation since August 25, 2022 and also serves a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.3yrs | US$3.50m | 0.35% € 3.1m | |
| Senior VP | 10.3yrs | US$897.23k | 0.061% € 540.0k | |
| Senior VP & COO | 1.3yrs | US$1.01m | 0.027% € 240.0k | |
| VP of Strategic Initiatives & Business Optimization and Chief Accounting Officer | 18.3yrs | US$684.60k | 0.14% € 1.2m | |
| Senior Vice President of Global Human Resources & Administration | 7.6yrs | US$611.92k | 0.052% € 459.8k | |
| VP of Compliance | 8.8yrs | no data | 0.026% € 230.8k |
8.2yrs
Average Tenure
56yo
Average Age
Experienced Management: W2B's management team is seasoned and experienced (8.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.8yrs | US$3.50m | 0.35% € 3.1m | |
| Independent Director | 23.8yrs | US$171.16k | 0.28% € 2.5m | |
| Independent Director | 22.8yrs | US$160.65k | 0.32% € 2.8m | |
| Independent Non-Executive Chairman | 12.8yrs | US$233.15k | 0.54% € 4.8m | |
| Independent Director | 4.8yrs | US$177.65k | 0.12% € 1.1m | |
| Independent Director | 10.2yrs | US$172.65k | 0.20% € 1.7m | |
| Independent Director | 4yrs | US$160.65k | 0.16% € 1.4m |
10.2yrs
Average Tenure
64yo
Average Age
Experienced Board: W2B's board of directors are seasoned and experienced ( 10.2 years average tenure).