Pacific Basin Shipping Management
Management criteria checks 3/4
Pacific Basin Shipping's CEO is Martin Fruergaard, appointed in Jul 2021, has a tenure of 2.83 years. total yearly compensation is $2.22M, comprised of 49.1% salary and 50.9% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth €3.03M. The average tenure of the management team and the board of directors is 2.3 years and 3.2 years respectively.
Key information
Martin Fruergaard
Chief executive officer
US$2.2m
Total compensation
| CEO salary percentage | 49.1% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.3yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$1m | US$109m |
| Sep 30 2023 | n/a | n/a | US$216m |
| Jun 30 2023 | n/a | n/a | US$322m |
| Mar 31 2023 | n/a | n/a | US$512m |
| Dec 31 2022 | US$3m | US$919k | US$702m |
| Sep 30 2022 | n/a | n/a | US$926m |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$997m |
| Dec 31 2021 | US$2m | US$472k | US$845m |
Compensation vs Market: Martin's total compensation ($USD2.22M) is above average for companies of similar size in the German market ($USD1.61M).
Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.
CEO
Martin Fruergaard (55 yo)
2.8yrs
Tenure
US$2,224,000
Compensation
Mr. Martin Fruergaard serves as Executive Director at Pacific Basin Shipping Limited since July 02, 2021. He served as the Chief Commercial Officer of Maersk Drilling A/S from 2009 to June 2015 where he wa...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.8yrs | US$2.22m | 0.18% $ 3.0m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Director of Accounting | no data | no data | no data | |
| Director of Human Resources & Administration | no data | no data | no data | |
| Head of Investor Relations & Corporate Communication | 3.3yrs | no data | no data | |
| General Manager of Insurance & Legal | 2.3yrs | no data | no data | |
| Director of Sale & Purchase | 7.3yrs | no data | no data | |
| Head of Sustainability | 2.2yrs | no data | no data | |
| Director of Asset Management | no data | no data | no data | |
| Director of Operations | no data | no data | no data | |
| Head of Atlantic Supramax | 2.3yrs | no data | no data | |
| Chief Engineer Columbia River | no data | no data | no data |
2.3yrs
Average Tenure
59yo
Average Age
Experienced Management: OYD's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.8yrs | US$2.22m | 0.18% $ 3.0m | |
| Independent Non-Executive Director | 4.7yrs | US$106.00k | no data | |
| Independent Non-Executive Director | 3.5yrs | US$118.00k | 0.0021% $ 35.8k | |
| Independent Non-Executive Director | 10yrs | US$104.00k | no data | |
| Non-Executive Director | less than a year | US$2.55m | no data | |
| Independent Non-Executive Chairman | 7.8yrs | US$170.00k | no data | |
| Non-Executive Director | 2.3yrs | US$106.00k | no data | |
| Independent Non-Executive Director | less than a year | no data | 0.0019% $ 32.6k |
3.2yrs
Average Tenure
58yo
Average Age
Experienced Board: OYD's board of directors are considered experienced (3.2 years average tenure).