GFT Technologies Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Marika Lulay

Chief executive officer

€2.3m

Total compensation

CEO salary percentage	20.0%
CEO tenure	21.8yrs
CEO ownership	n/a
Management average tenure	6.8yrs
Board average tenure	8.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Marika Lulay's remuneration changed compared to GFT Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€48m
Sep 30 2023	n/a	n/a	€47m
Jun 30 2023	n/a	n/a	€47m
Mar 31 2023	n/a	n/a	€47m
Dec 31 2022	€2m	€450k	€46m
Sep 30 2022	n/a	n/a	€43m
Jun 30 2022	n/a	n/a	€38m
Mar 31 2022	n/a	n/a	€34m
Dec 31 2021	€2m	€450k	€30m
Sep 30 2021	n/a	n/a	€25m
Jun 30 2021	n/a	n/a	€19m
Mar 31 2021	n/a	n/a	€13m
Dec 31 2020	€877k	€450k	€10m
Sep 30 2020	n/a	n/a	€10m
Jun 30 2020	n/a	n/a	€10m
Mar 31 2020	n/a	n/a	€13m
Dec 31 2019	€773k	€380k	€14m
Sep 30 2019	n/a	n/a	€13m
Jun 30 2019	n/a	n/a	€14m
Mar 31 2019	n/a	n/a	€18m
Dec 31 2018	€819k	€380k	€20m
Sep 30 2018	n/a	n/a	€19m
Jun 30 2018	n/a	n/a	€20m
Mar 31 2018	n/a	n/a	€18m
Dec 31 2017	€597k	€380k	€16m

Compensation vs Market: Marika's total compensation ($USD2.41M) is above average for companies of similar size in the German market ($USD1.29M).

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

CEO

Marika Lulay (61 yo)

21.8yrs

Tenure

€2,254,000

Compensation

Mrs. Marika Lulay has been a Member of the Supervisory Board at Aareal Bank AG since August 31, 2022. She serves as Chairman of the Executive Board and Member of Executive Board at GFT Technologies SE and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ulrich Dietz	Founder & Chairman of the Administrative Board	37.3yrs	€200.00k	26.3% € 197.7m
Marika Lulay	CEO, MD	21.8yrs	€2.25m	no data
Jochen Ruetz	CFO, MD	20.6yrs	€1.43m	no data
Jens-Thorsten Rauer	Group Chief Executive & MD - Region Manager of Central & Western Europe and Member of Exec. Board	4.3yrs	€1.37m	no data
Joan-Carles Fonoll	Group Chief Executive	5.8yrs	no data	no data
Christopher Ortiz	Group Chief Executive of Global Markets	4.3yrs	no data	no data
Marco Santos	Group Chief Executive	4.3yrs	no data	no data
Andrea Wlcek	Head of Group Communications	8.9yrs	no data	no data
Tim Osler	Head of Marketing	no data	no data	no data
Guillermo Rodríguez	Global Head of Human Resources	no data	no data	no data
Markus Kreitinger	Head of M&A	no data	no data	no data
Andrew Rossiter	Head of Technology Services - Atlantic Region	6.8yrs	no data	no data

6.8yrs

Average Tenure

58yo

Average Age

Experienced Management: GFT's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ulrich Dietz	Founder & Chairman of the Administrative Board	8.7yrs	€200.00k	26.3% € 197.7m
Marika Lulay	CEO, MD	8.7yrs	€2.25m	no data
Jochen Ruetz	CFO, MD	8.7yrs	€1.43m	no data
Gerhard Barth	Member of the Advisory Board	no data	€4.83k	no data
Paul Lerbinger	Independent Deputy Chairman of the Administrative Board	13.3yrs	€87.00k	no data
Maria Dietz	Independent Member of the Administrative Board	8.7yrs	€58.00k	9.5% € 71.4m
Annette Beller	Independent Member of the Administrative Board	less than a year	no data	no data
Andreas Wiedemann	Independent Member of the Administrative Board	8.7yrs	€56.00k	no data

8.7yrs

Average Tenure

62yo

Average Age

Experienced Board: GFT's board of directors are considered experienced (8.7 years average tenure).

GFT Technologies Management

Management criteria checks 3/4

Key information

Recent management updates

GFT Technologies SE Announces CEO Changes

GFT Technologies SE Appoints Tom Cozzolino as Its New Chief Strategy Officer

GFT Appoints Priya Lakshmi as Chief Revenue Officer in the UK

GFT Appoints Brigitte Sollie as SVP

Recent updates

GFT Technologies SE Announces CEO Changes

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

GFT Technologies SE Appoints Tom Cozzolino as Its New Chief Strategy Officer

Investor sentiment improves as stock rises 15%

GFT Technologies SE (XTRA:GFT) agreed to acquire Sophos Solutions S.A.S. from Advent International, L.P.

GFT Technologies SE to Report Nine Months, 2024 Results on Nov 14, 2024

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

GFT Technologies SE Revises Earnings Guidance for the Year 2023

GFT Appoints Priya Lakshmi as Chief Revenue Officer in the UK

Price target decreased by 9.3% to €45.90

Second quarter 2023 earnings released: EPS: €0.40 (vs €0.43 in 2Q 2022)

GFT Appoints Brigitte Sollie as SVP

Upcoming dividend of €0.45 per share at 1.5% yield

Now 22% undervalued after recent price drop

Now 22% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: €0.49 (vs €0.34 in 3Q 2021)

GFT Technologies SE to Report Q3, 2023 Results on Nov 09, 2023

GFT Technologies SE to Report First Half, 2023 Results on Aug 10, 2023

GFT Technologies SE Confirms Earnings Guidance for the Year 2022

Investor sentiment improved over the past week

GFT Technologies SE to Report Nine Months, 2022 Results on Nov 10, 2022

Second quarter 2022 earnings released: EPS: €0.43 (vs €0.26 in 2Q 2021)

GFT Technologies SE Revised Earnings Guidance for the Full Year of 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of €0.35 per share

Investor sentiment improved over the past week

GFT Technologies SE Raises Earnings Guidance for 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

GFT Technologies SE to Report Q1, 2022 Results on May 12, 2022

Investor sentiment improved over the past week

Now 26% undervalued

Now 21% undervalued

GFT Technologies SE to Report Q2, 2022 Results on Aug 11, 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS €0.34 (vs €0.13 in 3Q 2020)

Investor sentiment improved over the past week

Price target increased to €43.70

Price target increased to €43.70

GFT and Thought Machine Announce BankLiteX to Accelerate Delivery of Cloud-Based Digital Banking

Second quarter 2021 earnings released: EPS €0.26 (vs €0.02 in 2Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of €0.20 per share

Price target increased to €24.33

Price target increased to €22.73

GFT Technologies Se Revised Financial Outlook for the Year 2021

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS €0.38 (vs €0.52 in FY 2019)

New 90-day high: €16.48

GFT and Thought Machine announce BankLite to accelerate delivery of cloud-based digital banking

Investor sentiment improved over the past week

New 90-day high: €13.10

GFT Technologies SE (XTRA:GFT) acquired unknown minority stake in One Creation.

New 90-day high: €12.72

GFT Technologies SE to Report Fiscal Year 2020 Results on Mar 31, 2021

Price target raised to €13.93

Revenue and earnings miss expectations

Third quarter 2020 earnings released: EPS €0.13

Market pulls back on stock over the past week

New 90-day low: €9.98

Earnings released

New 90-day high - €12.20

New 90-day high - €11.70

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members