Harvey Norman Holdings Management

Management criteria checks 4/4

Harvey Norman Holdings' CEO is Katie Page, appointed in Feb 1999, has a tenure of 25.17 years. total yearly compensation is A$3.73M, comprised of 56.8% salary and 43.2% bonuses, including company stock and options. directly owns 1.64% of the company’s shares, worth €55.96M. The average tenure of the management team and the board of directors is 18 years and 22 years respectively.

Key information

Katie Page

Chief executive officer

AU$3.7m

Total compensation

CEO salary percentage	56.8%
CEO tenure	25.2yrs
CEO ownership	1.6%
Management average tenure	18yrs
Board average tenure	22yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Katie Page's remuneration changed compared to Harvey Norman Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$374m
Sep 30 2023	n/a	n/a	AU$457m
Jun 30 2023	AU$4m	AU$2m	AU$540m
Mar 31 2023	n/a	n/a	AU$643m
Dec 31 2022	n/a	n/a	AU$747m
Sep 30 2022	n/a	n/a	AU$779m
Jun 30 2022	AU$4m	AU$2m	AU$812m
Mar 31 2022	n/a	n/a	AU$811m
Dec 31 2021	n/a	n/a	AU$810m
Sep 30 2021	n/a	n/a	AU$826m
Jun 30 2021	AU$4m	AU$2m	AU$841m
Mar 31 2021	n/a	n/a	AU$785m
Dec 31 2020	n/a	n/a	AU$729m
Sep 30 2020	n/a	n/a	AU$605m
Jun 30 2020	AU$3m	AU$2m	AU$481m
Mar 31 2020	n/a	n/a	AU$437m
Dec 31 2019	n/a	n/a	AU$393m
Sep 30 2019	n/a	n/a	AU$398m
Jun 30 2019	AU$3m	AU$2m	AU$402m
Mar 31 2019	n/a	n/a	AU$396m
Dec 31 2018	n/a	n/a	AU$390m
Sep 30 2018	n/a	n/a	AU$383m
Jun 30 2018	AU$3m	AU$2m	AU$375m
Mar 31 2018	n/a	n/a	AU$387m
Dec 31 2017	n/a	n/a	AU$399m
Sep 30 2017	n/a	n/a	AU$424m
Jun 30 2017	AU$3m	AU$2m	AU$449m

Compensation vs Market: Katie's total compensation ($USD2.44M) is about average for companies of similar size in the German market ($USD2.56M).

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

CEO

Katie Page (66 yo)

25.2yrs

Tenure

AU$3,730,599

Compensation

Ms. Kay Lesley Harvey Page, also known as Katie, has been the Chief Executive Officer of Harvey Norman Holdings Limited since February 1999 and has overall executive responsibility for the operations of th...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gerald Harvey	Co-Founder	37.3yrs	AU$1.05m	35.68% A$ 1.2b
Kay Lesley Page	CEO & Executive Director	25.2yrs	AU$3.73m	1.64% A$ 56.0m
Chris Mentis	Executive Director	18yrs	AU$1.88m	0.17% A$ 5.8m
John Slack-Smith	Executive Director & COO	no data	AU$2.35m	0.12% A$ 4.0m
Darren Salakas	General Manager of Technology & Entertainment	1.5yrs	AU$449.08k	0.000020% A$ 683.5
Gordon Dingwall	Chief Information Officer	12.3yrs	AU$582.13k	no data
David Ackery	Executive Director	18.3yrs	AU$2.35m	0.067% A$ 2.3m
Thomas Scott	General Manager of Property	18yrs	AU$706.16k	0.00080% A$ 27.3k
Emmanuel Hohlastos	General Manager of Audio Visual	3.9yrs	AU$474.28k	no data
Richard Beaini	General Manager of Audio Visual	no data	AU$419.48k	no data
Carene Myers	General Manager of Small Appliances	no data	AU$418.89k	0.00024% A$ 8.2k
Melissa Wilson	Managing Director of Europe	9.3yrs	no data	no data

18.0yrs

Average Tenure

63yo

Average Age

Experienced Management: HNN's management team is seasoned and experienced (18 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gerald Harvey	Co-Founder	37.3yrs	AU$1.05m	35.68% A$ 1.2b
Kay Lesley Page	CEO & Executive Director	37.3yrs	AU$3.73m	1.64% A$ 56.0m
Chris Mentis	Executive Director	16.7yrs	AU$1.88m	0.17% A$ 5.8m
John Slack-Smith	Executive Director & COO	23.2yrs	AU$2.35m	0.12% A$ 4.0m
David Ackery	Executive Director	18.3yrs	AU$2.35m	0.067% A$ 2.3m
Christopher Brown	Non-Executive Director	37.3yrs	AU$160.00k	0.0097% A$ 332.5k
Kenneth Gunderson-Briggs	Non-Executive Independent Director	20.8yrs	AU$641.15k	0.00081% A$ 27.7k
Michael Harvey	Non-Executive Director	31.3yrs	AU$60.00k	no data
Luisa Catanzaro	Independent Non-Executive Director	3.4yrs	AU$160.00k	0.0014% A$ 47.8k
Maurice Craven	Independent Non-Executive Director	5.1yrs	AU$145.00k	0.0043% A$ 146.6k

22.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: HNN's board of directors are seasoned and experienced ( 22 years average tenure).

Harvey Norman Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

Co-Founder recently bought €18m worth of stock

Co-Founder recently bought €5.1m worth of stock

Less than half of directors are independent

Harvey Norman Holdings Limited, Annual General Meeting, Nov 24, 2022

Less than half of directors are independent

Co-Founder recently bought €2.2m worth of stock

Recent updates

Upcoming dividend of AU$0.10 per share

First half dividend of AU$0.10 announced

First half 2024 earnings released: EPS: AU$0.16 (vs AU$0.29 in 1H 2023)

Upcoming dividend of AU$0.12 per share at 6.3% yield

Full year 2023 earnings released: EPS: AU$0.43 (vs AU$0.65 in FY 2022)

Harvey Norman Holdings Limited to Report First Half, 2024 Results on Feb 29, 2024

Full year 2023 earnings released: EPS: AU$0.43 (vs AU$0.65 in FY 2022)

New minor risk - Profit margin trend

Harvey Norman Holdings Limited to Report Fiscal Year 2023 Results on Aug 31, 2023

Now 22% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of AU$0.13 per share at 8.2% yield

Co-Founder recently bought €18m worth of stock

Co-Founder recently bought €5.1m worth of stock

First half 2023 earnings released: EPS: AU$0.29 (vs AU$0.35 in 1H 2022)

Less than half of directors are independent

Upcoming dividend of AU$0.17 per share

Harvey Norman Holdings Limited, Annual General Meeting, Nov 24, 2022

Full year 2022 earnings released: EPS: AU$0.65 (vs AU$0.68 in FY 2021)

Harvey Norman Holdings Limited Announces Fully Franked Ordinary Paid Dividend for the Six Months Ended June 30, 2022, Payable on November 14, 2022

Less than half of directors are independent

Upcoming dividend of AU$0.20 per share

Co-Founder recently bought €2.2m worth of stock

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Harvey Norman Holdings Limited Recommends Fully Franked Interim Dividend, Payable on 2 May 2022

Co-Founder recently bought €149k worth of stock

Upcoming dividend of AU$0.15 per share

Co-Founder recently bought €1.2m worth of stock

Co-Founder recently bought €617k worth of stock

Full year 2021 earnings released: EPS AU$0.68 (vs AU$0.39 in FY 2020)

Upcoming dividend of AU$0.20 per share

First half 2021 earnings released: EPS AU$0.37 (vs AU$0.18 in 1H 2020)

Harvey Norman Holdings Limited to Report Fiscal Year 2021 Results on Aug 31, 2021

New 90-day high: €3.54

Harvey Norman Holdings Limited(ASX:HVNRB) dropped from FTSE All-World Index (USD)

New 90-day high: €3.12

New 90-day high: €2.98

New 90-day high: €2.92

Harvey Norman Holdings Limited Elects Luisa Catanzaro as Director

New 90-day high: €2.84

Full year earnings released - EPS €0.39

Co-Founder recently bought €613k worth of stock

New 90-day high: €2.80

Harvey Norman Holdings Limited to Report First Half, 2021 Results on Feb 26, 2021

Full year earnings released - EPS €0.39

New 90-day high - €2.58

New 90-day high - €2.40

Harvey Norman Holdings Limited (ASX:HVN) completed the acquisition of 2nds World.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age