NEXT Management

Management criteria checks 2/4

NEXT's CEO is Simon Wolfson, appointed in Jan 2001, has a tenure of 23.67 years. total yearly compensation is £4.52M, comprised of 20.1% salary and 79.9% bonuses, including company stock and options. directly owns 1.18% of the company’s shares, worth €169.30M. The average tenure of the management team and the board of directors is 1.7 years and 5.1 years respectively.

Key information

Simon Wolfson

Chief executive officer

UK£4.5m

Total compensation

CEO salary percentage	20.1%
CEO tenure	23.7yrs
CEO ownership	1.2%
Management average tenure	1.7yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Simon Wolfson's remuneration changed compared to NEXT's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 27 2024	n/a	n/a	UK£803m
Apr 27 2024	n/a	n/a	UK£803m
Jan 27 2024	UK£5m	UK£908k	UK£802m
Oct 27 2023	n/a	n/a	UK£754m
Jul 29 2023	n/a	n/a	UK£705m
Apr 29 2023	n/a	n/a	UK£708m
Jan 28 2023	UK£3m	UK£865k	UK£712m
Oct 28 2022	n/a	n/a	UK£714m
Jul 30 2022	n/a	n/a	UK£716m
Apr 29 2022	n/a	n/a	UK£697m
Jan 29 2022	UK£4m	UK£824k	UK£678m
Oct 29 2021	n/a	n/a	UK£633m
Jul 31 2021	n/a	n/a	UK£588m
Apr 30 2021	n/a	n/a	UK£437m
Jan 30 2021	UK£4m	UK£778k	UK£287m
Oct 30 2020	n/a	n/a	UK£309m
Jul 25 2020	n/a	n/a	UK£332m
Apr 25 2020	n/a	n/a	UK£471m
Jan 25 2020	UK£3m	UK£805k	UK£610m
Oct 25 2019	n/a	n/a	UK£609m
Jul 27 2019	n/a	n/a	UK£609m
Apr 27 2019	n/a	n/a	UK£604m
Jan 26 2019	UK£1m	UK£789k	UK£599m
Oct 26 2018	n/a	n/a	UK£598m
Jul 28 2018	n/a	n/a	UK£597m
Apr 28 2018	n/a	n/a	UK£594m
Jan 27 2018	UK£1m	UK£773k	UK£592m

Compensation vs Market: Simon's total compensation ($USD6.02M) is about average for companies of similar size in the German market ($USD5.21M).

Compensation vs Earnings: Simon's compensation has increased by more than 20% in the past year.

CEO

Simon Wolfson (57 yo)

23.7yrs

Tenure

UK£4,520,000

Compensation

Lord Simon A. Wolfson has been the Chief Executive Officer of Next Plc since 2001. Lord Wolfson joined Next Plc in 1991, served as its Retail Sales Director since 1993 and became responsible for NEXT Direc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Simon Wolfson	CEO & Executive Director	23.7yrs	UK£4.52m	1.18% £ 169.3m
Richard S Papp	Group Merchandise & Operations Director and Executive Director	6.4yrs	UK£2.35m	0.012% £ 1.7m
Jeremy Stakol	Group Investments	1.7yrs	UK£1.28m	0.11% £ 16.0m
Jane Shields	Group Sales	14.7yrs	UK£2.39m	0.053% £ 7.7m
Amanda James	Executive Officer	less than a year	UK£2.42m	0% £ 0
Jonathan Blanchard	CFO & Director	less than a year	no data	no data
Ian Blackwell	Company Secretary	1.5yrs	no data	no data

1.7yrs

Average Tenure

57yo

Average Age

Experienced Management: NXG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Simon Wolfson	CEO & Executive Director	27.6yrs	UK£4.52m	1.18% £ 169.3m
Richard S Papp	Group Merchandise & Operations Director and Executive Director	6.3yrs	UK£2.35m	0.012% £ 1.7m
Jeremy Stakol	Group Investments	1.4yrs	UK£1.28m	0.11% £ 16.0m
Jane Shields	Group Sales	11.2yrs	UK£2.39m	0.053% £ 7.7m
Jonathan Blanchard	CFO & Director	less than a year	no data	no data
Thomas Hall	Independent Non-Executive Director	4.2yrs	UK£95.00k	0.0084% £ 1.2m
Michael Roney	Independent Non-Executive Chairman	7.6yrs	UK£382.00k	0.046% £ 6.6m
Soumen Das	Independent Non-Executive Director	3yrs	UK£74.00k	0.0011% £ 155.5k
Amy Stirling	Independent Non-Executive Director	less than a year	no data	no data
Jonathan Michael Bewes	Senior Independent Non-Executive Director	7.9yrs	UK£107.00k	0.0015% £ 211.7k
Dame Tristia Harrison	Independent Non-Executive Director	6yrs	UK£74.00k	0.00084% £ 121.0k
Venetia Butterfield	Independent Non-Executive Director	less than a year	no data	no data

5.1yrs

Average Tenure

57yo

Average Age

Experienced Board: NXG's board of directors are considered experienced (5.1 years average tenure).

NEXT Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

Dame Dianne Thompson Steps-Down as Non-Executive Director of NEXT plc, Effective May 16, 2024

Key Executive recently sold €766k worth of stock

NEXT plc Appoints Venetia Butterfield as Independent Non-Executive Director and Member of Nomination, Audit and Remuneration Committees, Effective 2 April 2024

NEXT plc Appoints Amy Stirling as Independent Non-Executive Director, Member of the Nomination, Audit and Remuneration Committees

CEO & Executive Director recently sold €5.9m worth of stock

Recent updates

Now 20% undervalued

First half dividend of UK£0.75 announced

First half 2025 earnings released: EPS: UK£2.68 (vs UK£2.64 in 1H 2024)

NEXT plc Declares Interim Ordinary Dividend for the Year to January 2025, Payable on 3 January 2025

Now 24% undervalued after recent price drop

High number of new directors

NEXT plc Provides Earnings Guidance for the Full Year 2024-2025

NEXT plc Approves Final Dividend

Dame Dianne Thompson Steps-Down as Non-Executive Director of NEXT plc, Effective May 16, 2024

Key Executive recently sold €766k worth of stock

Final dividend of UK£1.41 announced

NEXT plc Proposes Final Ordinary Dividend for the Year Ended January 27, 2024, Payable on 1 August 2024

Full year 2024 earnings released: EPS: UK£6.62 (vs UK£5.74 in FY 2023)

NEXT plc Appoints Venetia Butterfield as Independent Non-Executive Director and Member of Nomination, Audit and Remuneration Committees, Effective 2 April 2024

NEXT plc Appoints Amy Stirling as Independent Non-Executive Director, Member of the Nomination, Audit and Remuneration Committees

CEO & Executive Director recently sold €5.9m worth of stock

NEXT plc to Report Fiscal Year 2025 Results on Mar 20, 2025

Upcoming dividend of UK£0.66 per share at 2.6% yield

Next plc Revises Earnings Guidance for the Year 2023

NEXT plc (LSE:NXT) and management of fatface signed terms to acquire FatFace Limited from a consortium of Financial Institutions for £115.2 million.

NEXT Reportedly Considers Purchase of FatFace

Now 20% undervalued after recent price drop

Key Executive recently sold €592k worth of stock

Next plc Announces Chief Financial Officer Changes

First half 2024 earnings released: EPS: UK£2.64 (vs UK£2.62 in 1H 2023)

NEXT plc Declares Interim Ordinary Dividend for the Year to January 2024, Payable on 3 January 2024

NEXT plc and Reiss family entered into a binding agreement to acquire 34% stake in Reiss (Holdings) Ltd from Warburg Pincus LLC for approximately £128 million.

Now 20% undervalued

Key Executive recently sold €878k worth of stock

Next plc Provides Sales Forecast for the Second Half of 2023

Upcoming dividend of UK£1.40 per share at 3.0% yield

NEXT plc Updates Financial Guidance for the Full Year 2023

NEXT plc (LSE:NXT) commences an Equity Buyback Plan for 19,297,000 shares, representing 14.99% of its issued share capital, under the authorization approved on May 18, 2023.

NEXT plc Approves Dividend

NEXT plc Provides Earnings Guidance for the Year 2033

Key Executive recently sold €452k worth of stock

Full year 2023 earnings released: EPS: UK£5.73 (vs UK£5.31 in FY 2022)

NEXT plc Appoints Jeremy Stakol as Executive Director, Effective 3 April 2023

Now 21% undervalued

NEXT plc to Report Fiscal Year 2024 Results on Mar 20, 2024

Investor sentiment improved over the past week

NEXT plc Provides Earnings Guidance for the Fiscal Year 2022/23 and 2023/24

NEXT plc Provides Earnings Guidance for the Fiscal Year 2022/23 and 2023/24

NEXT plc and Tom Joule acquired Assets of Joules Group Plc from Joules Group Plc for £34 million.

NEXT plc Provides Earnings Guidance for the Fiscal Year 2022/23

First half 2023 earnings released: EPS: UK£0 (vs UK£1.13 in 1H 2022)

Joules in Talks to Sell Stake to NEXT

NEXT plc Provides Earnings Guidance for the Fiscal Year 2023

Upcoming dividend of UK£1.27 per share

Independent Non-Executive Chairman recently bought €201k worth of stock

NEXT plc (LSE:NXT) commences an Equity Buyback Plan for 19,826,000 shares, representing 14.99% of its issued share capital, under the authorization approved on May 19, 2022.

NEXT plc (LSE:NXT) and Group of investment companies acquired 44% stake in Jojo Maman Bebe Ltd. from existing JoJo shareholders including founder Laura Tenison.

NEXT plc (LSE:NXT) and Group of investment companies acquired Jojo Maman Bebe Ltd.

Great Portland Estates Plc (LSE:GPE) acquired 7/15 Gresse Street & 12/13 Rathbone Place, W1 from NEXT plc (LSE:NXT) for approximately £37 million .

Now 20% undervalued after recent price drop

NEXT plc to Report First Half, 2024 Results on Sep 21, 2023

NEXT plc to Report Fiscal Year 2023 Results on Mar 29, 2023

NEXT plc, Annual General Meeting, May 18, 2023

NEXT plc (LSE:NXT) commences an Equity Buyback Plan for 19,929,000 shares, representing 14.99% of its issued share capital, under the authorization approved on May 20, 2021.

Next plc Announces Special Dividend, Payable on 28 January 2022

First half 2022 earnings released: EPS UK£2.27 (vs UK£0.089 loss in 1H 2021)

Inaugural dividend of UK£1.10 per share

Independent Non-Executive Chairman recently bought €322k worth of stock

Senior Independent Non-Executive Director has left the company

Key Executive recently sold €903k worth of stock

Full year 2021 earnings released: EPS UK£2.23 (vs UK£4.72 in FY 2020)

New 90-day high: €92.50

NEXT plc (LSE:NXT) agreed to acquire 25% stake in Reiss Ltd. for £33 million.

Next Pulls Out of the Bidding for Topshop