Orange Management

Management criteria checks 2/4

Orange's CEO is Christel Heydemann, appointed in Apr 2022, has a tenure of 2.58 years. total yearly compensation is €2.74M, comprised of 32.8% salary and 67.2% bonuses, including company stock and options. directly owns 0% of the company’s shares, worth €10.37K. The average tenure of the management team and the board of directors is 1.8 years and 5 years respectively.

Key information

Christel Heydemann

Chief executive officer

€2.7m

Total compensation

CEO salary percentage	32.8%
CEO tenure	2.6yrs
CEO ownership	0.00004%
Management average tenure	1.8yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Christel Heydemann's remuneration changed compared to Orange's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€2b
Mar 31 2024	n/a	n/a	€2b
Dec 31 2023	€3m	€900k	€2b
Sep 30 2023	n/a	n/a	€2b
Jun 30 2023	n/a	n/a	€2b
Mar 31 2023	n/a	n/a	€2b
Dec 31 2022	€2m	€668k	€2b
Sep 30 2022	n/a	n/a	€3b
Jun 30 2022	n/a	n/a	€4b
Mar 31 2022	n/a	n/a	€2b
Dec 31 2021	€58k	n/a	€8m
Sep 30 2021	n/a	n/a	€440m
Jun 30 2021	n/a	n/a	€871m
Mar 31 2021	n/a	n/a	€3b
Dec 31 2020	€56k	n/a	€5b
Sep 30 2020	n/a	n/a	€4b
Jun 30 2020	n/a	n/a	€3b
Mar 31 2020	n/a	n/a	€3b
Dec 31 2019	€50k	n/a	€3b
Sep 30 2019	n/a	n/a	€2b
Jun 30 2019	n/a	n/a	€2b
Mar 31 2019	n/a	n/a	€2b
Dec 31 2018	€46k	n/a	€2b
Jun 30 2018	n/a	n/a	€2b
Mar 31 2018	n/a	n/a	€2b
Dec 31 2017	€14k	n/a	€2b

Compensation vs Market: Christel's total compensation ($USD2.88M) is below average for companies of similar size in the German market ($USD4.85M).

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

CEO

Christel Heydemann (50 yo)

2.6yrs

Tenure

€2,742,416

Compensation

Ms. Christel Heydemann served as an Executive Vice-President of Europe Operations at Schneider Electric S.E. from May 2021 until 2022. She has been Executive Vice President of France Operations at Schneide...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christel Heydemann	CEO & Executive Director	2.6yrs	€2.74m	0.000040% € 10.4k
Laurent Martinez	Group Executive Director of Finance	1.2yrs	no data	no data
Bruno Zerbib	Chief Technology & Innovation Officer	1.4yrs	no data	no data
Constance Gest	Group Head of Investor Relations & Financial Communication	less than a year	no data	no data
Brigitte Bourgoin	Group Chief Compliance Officer	no data	no data	no data
Caroline Guillaumin	Executive Director of Communications	1.8yrs	no data	no data
Vincent Lecerf	Executive Director of Human Resources for the Group	1.9yrs	no data	no data
Jerome Henique	Executive Director and CEO of Orange Africa & Middle East (OMEA)	no data	no data	no data
Marie-Noelle Jego-Laveissiere	Executive Director & CEO of Orange in Europe	4.2yrs	no data	no data
Michael Trabbia	Executive Director & CEO of Orange Wholesale	1.4yrs	no data	no data
Hugues Foulon	Executive Director & CEO of Orange Cyberdefense	no data	no data	no data
Paul de Leusse	Deputy Chief Executive Officer of Mobile Financial Services	6.5yrs	no data	no data

1.8yrs

Average Tenure

56yo

Average Age

Experienced Management: FTE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Christel Heydemann	CEO & Executive Director	7.3yrs	€2.74m	0.000040% € 10.4k
Jacques Aschenbroich	Independent Non-Executive Chairman of Board	2.5yrs	€457.58k	0.00011% € 28.5k
Frederic Sanchez	Independent Director	4.5yrs	€56.00k	0.000040% € 10.4k
Gilles Grapinet	Independent Director	1.5yrs	€41.06k	0.000080% € 20.7k
Alexandre Bompard	Independent Director	7.9yrs	€46.00k	0.000040% € 10.4k
Thierry Sommelet	Non- Independent Director	11.5yrs	€48.00k	0.000020% € 5.2k
Anne-Gabrielle Heilbronner	Independent Director	5.5yrs	€68.00k	0.000040% € 10.4k
Anne Lange	Non-Independent Director	9.5yrs	€54.00k	no data
Valerie Paule Beaulieu-James	Independent Director	2.5yrs	€58.00k	0.000040% € 10.4k
Sebastien Crozier	Employee Representative Director	6.9yrs	€58.00k	0.000020% € 5.2k
Vincent Gimeno	Employee Representative Director	2.9yrs	€48.00k	0.000090% € 23.3k
Magali Vallee	Employee Representative Director	2.9yrs	€49.00k	0.000010% € 2.6k

5.0yrs

Average Tenure

56yo

Average Age

Experienced Board: FTE's board of directors are considered experienced (5 years average tenure).

Orange Management

Management criteria checks 2/4

Key information

Recent management updates

Orange S.A., Annual General Meeting, May 22, 2024

Orange S.A. Appoints Momar Nguer and Gilles Grapinet to Its Board of Directors

Orange S.A., Annual General Meeting, May 23, 2023

Orange Group Announces the Departure of Ramon Fernandez, Deputy Chief Executive Officer in Charge of Finance

Orange Names Caroline Guillaumin as Executive Director of Communications, Effective 2 January 2023

Orange S.A. Announces Changes to Management Team

Recent updates

Orange S.A. Announces Interim Dividend for 2024, Payable on 5 December 2024

Orange S.A. to Report Fiscal Year 2024 Results on Feb 13, 2025

First half 2024 earnings released: EPS: €0.21 (vs €0.29 in 1H 2023)

Orange S.A. (ENXTPA:ORA) commences an Equity Buyback Plan for 265,886,460 shares, representing 10% for €6,384.14 million, under the authorization approved on May 22, 2024.

Upcoming dividend of €0.42 per share

Orange S.A. Proposes Dividend Guidance for the Year 2024

Full year 2023 earnings released: EPS: €0.85 (vs €0.73 in FY 2022)

Final dividend increased to €0.42

Full year 2023 earnings released: EPS: €0.85 (vs €0.73 in FY 2022)

Orange S.A. Announces Dividend for the 2023 Fiscal Year

Orange S.A., Annual General Meeting, May 22, 2024

Orange S.A. (ENXTPA:ORA) commences an Equity Buyback Plan for €6,384.14 million worth of its shares, under the authorization approved on May 23, 2023.

Upcoming dividend of €0.30 per share at 6.3% yield

Orange, Masmovil Reportedly to Sell Assets to Digi as Remedy for Tie-Up Deal

Orange S.A. Confirms an Interim Dividend Cash Payment for 2023, Payable on 6 December 2023

Orange S.A. to Report Q3, 2024 Results on Oct 24, 2024

Orange S.A. Announces Interim Dividend in Respect of 2023, Payable on December 6, 2023

New minor risk - Profit margin trend

First half 2023 earnings released: EPS: €0.30 (vs €0.42 in 1H 2022)

Orange S.A. to Report Q3, 2023 Results on Oct 24, 2023

Orange S.A. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of €0.40 per share at 6.1% yield

Orange S.A. Appoints Momar Nguer and Gilles Grapinet to Its Board of Directors

Full year 2022 earnings released: EPS: €0.73 (vs €0.003 in FY 2021)

Full year 2022 earnings released: EPS: €0.73 (vs €0.003 in FY 2021)

Orange S.A., Annual General Meeting, May 23, 2023

Orange Group Announces the Departure of Ramon Fernandez, Deputy Chief Executive Officer in Charge of Finance

Cerberus Reportedly Considers Takeover of Orange Bank

Upcoming dividend of €0.30 per share

Vivendi's Canal Plus in Talks to Buy Orange's Film and Pay TV Units

Orange S.A. to Report Q1, 2023 Results on Apr 27, 2023

Orange Reportedly Planning to Sell Orange Bank

Orange Names Caroline Guillaumin as Executive Director of Communications, Effective 2 January 2023

Orange S.A. Announces Changes to Management Team

First half 2022 earnings released

Orange Declares Interim Dividend for 2022, Payable on 7 December 2022; Proposes Dividend for the Fiscal Year 2022

Upcoming dividend of €0.40 per share

Orange S.A. Provides Dividend Guidance for the Year 2022

Full year 2021 earnings released: EPS: €0.003 (vs €1.72 in FY 2020)

Orange’s Board of Directors Proposes Jacques Aschenbroich as A Director and Future Group Non-Executive Chairman

Orange and MasMovil in Talks to Merge Spain Businesses

Full year 2021 earnings: Revenues in line with analyst expectations

Upcoming dividend of €0.30 per share

Sopra Steria Has Not Made M&A Approach to Atos

Upcoming dividend of €0.50 per share

Orange S.A. Announces Dividend for the Full Year of 2020, Payable on 17 June 2021

Orange Reportedly Considers Buying Back Its TDF Unit

New 90-day high: €10.35

Orange Reportedly Considers Relinquishing Control of Banking Subsidiary

Full year 2020 earnings released: EPS €1.72 (vs €1.03 in FY 2019)

Revenue beats expectations

Orange S.A. to Report First Half, 2021 Results on Jul 29, 2021

Orange S.A. Ends Discussions on A Mobile Network Sharing Agreement with Free

Sanofi, Capgemini, Generali and Orange Announces the Creation of a Digital Ecosystem Dedicated to E-Health

Orange S.A. (ENXTPA:ORA) plans to launch a conditional voluntary public takeover bid to acquire unknown stake in Orange Belgium S.A. (ENXTBR:OBEL) from Schroder Investment Management Limited, Boussard & Gavaudan Asset Management, LP and others.

Upcoming Dividend of €0.40 Per Share

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age