ALD Management

Management criteria checks 3/4

ALD's CEO is Tim Albertsen, appointed in Mar 2020, has a tenure of 4.08 years. total yearly compensation is €1.48M, comprised of 47.3% salary and 52.7% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth €356.11K. The average tenure of the management team and the board of directors is 0.9 years and 3.4 years respectively.

Key information

Tim Albertsen

Chief executive officer

€1.5m

Total compensation

CEO salary percentage	47.3%
CEO tenure	4.1yrs
CEO ownership	0.007%
Management average tenure	less than a year
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Albertsen's remuneration changed compared to ALD's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€1m	€702k	€849m
Sep 30 2023	n/a	n/a	€1b
Jun 30 2023	n/a	n/a	€1b
Mar 31 2023	n/a	n/a	€1b
Dec 31 2022	€2m	€493k	€1b
Sep 30 2022	n/a	n/a	€1b
Jun 30 2022	n/a	n/a	€1b
Mar 31 2022	n/a	n/a	€973m
Dec 31 2021	€1m	€400k	€873m
Sep 30 2021	n/a	n/a	€772m
Jun 30 2021	n/a	n/a	€655m
Mar 31 2021	n/a	n/a	€536m
Dec 31 2020	€867k	€376k	€500m
Sep 30 2020	n/a	n/a	€475m
Jun 30 2020	n/a	n/a	€480m
Mar 31 2020	n/a	n/a	€549m
Dec 31 2019	€769k	€292k	€564m
Sep 30 2019	n/a	n/a	€567m
Jun 30 2019	n/a	n/a	€556m
Mar 31 2019	n/a	n/a	€553m
Dec 31 2018	€670k	€268k	€556m
Sep 30 2018	n/a	n/a	€555m
Jun 30 2018	n/a	n/a	€561m
Mar 31 2018	n/a	n/a	€561m
Dec 31 2017	€715k	€214k	€568m

Compensation vs Market: Tim's total compensation ($USD1.59M) is below average for companies of similar size in the German market ($USD3.42M).

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

CEO

Tim Albertsen (60 yo)

4.1yrs

Tenure

€1,482,836

Compensation

Mr. Tim T. Albertsen has been Chief Executive Officer of ALD Automotive at Société Générale Société anonyme since March 2020. He has been Chief Executive Officer of ALD S.A. since March 27, 2020 and serves...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Pierre Palmieri	Chair of the Board	less than a year	no data	no data
Tim Albertsen	CEO & Director	4.1yrs	€1.48m	0.0069% € 356.1k
John Saffrett	Group Deputy Chief Executive Officer	5yrs	€1.10m	0.0032% € 167.2k
Patrick Sommelet	Deputy CEO & Group CFO	less than a year	no data	no data
Miel Horsten	Chief Operating Officer	less than a year	no data	0.0015% € 78.4k
Michel Alsemgeest	Chief Digital & Information Officer	less than a year	no data	no data
Beatrice Lan-Shun	Head of Investor Relations	2.3yrs	no data	no data
Hans Van Beeck	Chief Risk & Compliance Officer	less than a year	no data	0.0048% € 247.7k
Liza Hoesbergen	Chief Legal & Corporate Affairs Officer	less than a year	no data	no data
Stéphane Rénie	Sales & Marketing Director	7.1yrs	no data	no data
Roderick Jorna	Chief People Officer	less than a year	no data	no data
Jeremy Cleary	Head of International Sales - New Business	7.4yrs	no data	no data

0.9yrs

Average Tenure

51yo

Average Age

Experienced Management: 3AL's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Pierre Palmieri	Chair of the Board	less than a year	no data	no data
Tim Albertsen	CEO & Director	3.1yrs	€1.48m	0.0069% € 356.1k
Christophe Perillat-Piratoine	Independent Director	6.8yrs	€78.00k	0.00012% € 6.2k
Diony Lebot	Director	3.7yrs	no data	0.0016% € 84.1k
Xavier Durand	Independent Director	6.8yrs	€105.00k	0.00019% € 9.8k
Patricia Lacoste	Independent Director	6.8yrs	€94.00k	0.00091% € 47.0k
Delphine Garcin-Meunier	Director	4.4yrs	no data	no data
Benoit Grisoni	Director	2.9yrs	no data	no data
Anik Chaumartin	Independent Director	3.9yrs	€85.00k	0.00017% € 8.8k
Hacina Py	Director	less than a year	no data	no data
Mark Stephens	Director	less than a year	no data	no data
Laura Mather	Director	less than a year	no data	no data

3.4yrs

Average Tenure

58.5yo

Average Age

Experienced Board: 3AL's board of directors are considered experienced (3.4 years average tenure).

ALD Management

Management criteria checks 3/4

Key information

Recent management updates

ALD Automotive /LeasePlan Announces Management Changes

ALD Automotive Announces Executive Changes

ALD S.A., Annual General Meeting, May 31, 2023

Ald Announces Executive Changes

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Full year 2023 earnings released: EPS: €1.19 (vs €2.69 in FY 2022)

Full year 2023 earnings released

ALD S.A. to Report Q2, 2024 Results on Aug 01, 2024

Third quarter 2023 earnings released

ALD S.A. to Report Q1, 2024 Results on May 03, 2024

Investor sentiment deteriorates as stock falls 16%

ALD Automotive /LeasePlan Announces Management Changes

Second quarter 2023 earnings released: EPS: €0.56 (vs €0.87 in 2Q 2022)

ALD S.A. to Report Fiscal Year 2023 Results on Feb 08, 2024

New major risk - Shareholder dilution

Now 25% undervalued after recent price drop

ALD Automotive Announces Executive Changes

ALD S.A. (ENXTPA:ALD) completed the acquisition of LeasePlan Corporation N.V. from a consortium of GIC Pte. Ltd., Abu Dhabi Investment Authority led by TDR Capital LLP for €4.8 billion.

Stellantis N.V. (BIT:STLAM) and Crédit Agricole Consumer Finance S.A. completed the acquisition of ALD's activities in Ireland, Portugal and Norway from ALD S.A.

ALD S.A., Annual General Meeting, May 31, 2023

Full year 2022 earnings released: EPS: €2.66 (vs €2.17 in FY 2021)

Now 20% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 18%

Full year 2022 earnings released

ALD S.A. to Report Q3, 2023 Results on Nov 03, 2023

Ald Announces Executive Changes

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Third quarter 2022 earnings released

ALD S.A. to Report Q4, 2022 Results on Feb 08, 2023

Second quarter 2022 earnings released: EPS: €0.87 (vs €0.49 in 2Q 2021)

Upcoming dividend of €1.08 per share

Full year 2021 earnings released: EPS: €2.17 (vs €1.24 in FY 2020)

Less than half of directors are independent

ALD S.A. Proposes the Payment of EUR 1.08 Dividend, Subject to the Approval of Shareholders

Full year 2021 earnings: Revenues miss analyst expectations

ALD S.A. (ENXTPA:ALD) signed an memorandum of understanding to acquire LeasePlan Corporation N.V. from TDR Capital and others for €

Third quarter 2021 earnings released: EPS €0.64

Second quarter 2021 earnings released: EPS €0.49 (vs €0.19 in 2Q 2020)

Upcoming dividend of €0.63 per share

Full year 2020 earnings released: EPS €1.24 (vs €1.40 in FY 2019)

ALD S.A. (ENXTPA:ALD) signed an agreement to acquire BanSabadell Renting, S.L. from Banco de Sabadell, S.A. (BME:SAB) for €59 million.

Full year 2020 earnings released

ALD S.A. to Report Q1, 2021 Results on May 06, 2021

ALD S.A. to Report Q4, 2020 Results on Feb 10, 2021

New 90-day high: €11.78

New 90-day high: €11.74

New 90-day high: €10.78

Third quarter 2020 earnings released: EPS €0.35

New 90-day high: €9.74

New 90-day high - €9.36

ALD S.A. to Report Q3, 2020 Results on Nov 05, 2020

Earnings released

ALD S.A. (ENXTPA:ALD) completed the acquisition of vehicle renting portfolio from BBVA Automercantil - Comercio e Aluguer de Veiculos Automoveis L.d.a.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age