Covivio Management
Management criteria checks 3/4
Covivio's CEO is Joseph Kullmann, appointed in Jan 2011, has a tenure of 13.83 years. total yearly compensation is €2.61M, comprised of 30.7% salary and 69.3% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth €9.89M. The average tenure of the management team and the board of directors is 13.8 years and 8.6 years respectively.
Key information
Joseph Kullmann
Chief executive officer
€2.6m
Total compensation
| CEO salary percentage | 30.7% |
| CEO tenure | 13.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 13.8yrs |
| Board average tenure | 8.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -€737m |
| Mar 31 2024 | n/a | n/a | -€1b |
| Dec 31 2023 | €3m | €800k | -€1b |
| Sep 30 2023 | n/a | n/a | -€1b |
| Jun 30 2023 | n/a | n/a | -€865m |
| Mar 31 2023 | n/a | n/a | -€122m |
| Dec 31 2022 | €2m | €700k | €621m |
| Sep 30 2022 | n/a | n/a | €937m |
| Jun 30 2022 | n/a | n/a | €1b |
| Mar 31 2022 | n/a | n/a | €1b |
| Dec 31 2021 | €3m | €700k | €924m |
| Sep 30 2021 | n/a | n/a | €778m |
| Jun 30 2021 | n/a | n/a | €632m |
| Mar 31 2021 | n/a | n/a | €496m |
| Dec 31 2020 | €2m | €700k | €360m |
| Sep 30 2020 | n/a | n/a | €473m |
| Jun 30 2020 | n/a | n/a | €586m |
| Mar 31 2020 | n/a | n/a | €667m |
| Dec 31 2019 | €3m | €700k | €747m |
| Sep 30 2019 | n/a | n/a | €693m |
| Jun 30 2019 | n/a | n/a | €639m |
| Mar 31 2019 | n/a | n/a | €694m |
| Dec 31 2018 | €2m | €600k | €750m |
| Sep 30 2018 | n/a | n/a | €820m |
| Jun 30 2018 | n/a | n/a | €890m |
| Mar 31 2018 | n/a | n/a | €902m |
| Dec 31 2017 | €2m | €600k | €914m |
Compensation vs Market: Joseph's total compensation ($USD2.75M) is about average for companies of similar size in the German market ($USD3.51M).
Compensation vs Earnings: Joseph's compensation has increased whilst the company is unprofitable.
CEO
Joseph Kullmann (59 yo)
13.8yrs
Tenure
€2,607,310
Compensation
Mr. Christopher Kullmann, also known as Joseph, has been Chief Executive Officer of Foncière Développement Logements since February 2018. Mr. Kullmann has been the Chief Executive Officer since October 201...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 13.8yrs | €2.61m | 0.17% € 9.9m | |
| Deputy Chief Executive Officer | 13.8yrs | €1.35m | 0.098% € 5.7m | |
| CFO, Director of Financial planning | no data | no data | no data | |
| COO, Chief Corporate Officer & Secretary of the Board | no data | no data | no data | |
| Technical Director | no data | no data | no data | |
| Director of Risk | 4.8yrs | no data | no data | |
| Legal Officer | no data | no data | no data | |
| VP & Chief Communication Officer | no data | no data | no data | |
| Human Resources Director | no data | no data | no data | |
| Chief Executive Officer of Hotels - Europe | no data | no data | no data | |
| Sustainable Development Director | no data | no data | no data | |
| Chief Operating France Officer | no data | no data | no data |
13.8yrs
Average Tenure
52yo
Average Age
Experienced Management: F5D0's management team is seasoned and experienced (13.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 12.6yrs | €2.61m | 0.17% € 9.9m | |
| Director | 13.8yrs | €45.30k | no data | |
| Independent Director | 5.6yrs | €49.31k | 0.00063% € 36.6k | |
| Independent Director | 5.6yrs | €69.00k | 0.00071% € 41.3k | |
| Independent Director | 8.6yrs | €60.51k | 0.00062% € 36.0k | |
| Chairman of the Board | 13.8yrs | €200.00k | 0.00046% € 26.7k | |
| Director | 9.6yrs | €59.00k | 0.020% € 1.2m | |
| Independent Director | 11.6yrs | €43.00k | 0.0067% € 390.5k | |
| Director | 3.9yrs | €39.00k | no data | |
| Independent Director | 8.6yrs | €38.00k | 0.00019% € 11.0k | |
| Independent Director | 4.8yrs | €43.31k | 0.00018% € 10.5k | |
| Director | 3.9yrs | €52.10k | no data |
8.6yrs
Average Tenure
57.5yo
Average Age
Experienced Board: F5D0's board of directors are considered experienced (8.6 years average tenure).