SATS Management

Management criteria checks 2/4

SATS' CEO is Kerry Mok, appointed in Dec 2021, has a tenure of 2.92 years. directly owns 0.054% of the company’s shares, worth €2.18M. The average tenure of the management team and the board of directors is 2.3 years and 2.8 years respectively.

Key information

Kerry Mok

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.9yrs
CEO ownership	0.05%
Management average tenure	2.3yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kerry Mok's remuneration changed compared to SATS's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	S$199m
Jun 30 2024	n/a	n/a	S$126m
Mar 31 2024	n/a	n/a	S$53m
Dec 31 2023	n/a	n/a	S$29m
Sep 30 2023	n/a	n/a	-S$5m
Jun 30 2023	n/a	n/a	-S$10m
Mar 31 2023	S$2m	S$873k	-S$26m
Dec 31 2022	n/a	n/a	-S$30m
Sep 30 2022	n/a	n/a	-S$25m
Jun 30 2022	n/a	n/a	-S$9m
Mar 31 2022	S$987k	S$247k	S$20m

Compensation vs Market: Insufficient data to establish whether Kerry's total compensation is reasonable compared to companies of similar size in the German market.

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

CEO

Kerry Mok (53 yo)

2.9yrs

Tenure

S$1,896,201

Compensation

Mr. Tee Heong Mok, also known as Kerry, serves as Chief Executive Officer, President of SATS Ltd. since December 15, 2021 and its Executive Director since January 1, 2022. He served as Director at Taj SATS...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tee Heong Mok	CEO, President	2.9yrs	S$1.90m	0.054% € 2.2m
Kok Khong Seah	Member of Group Management Board & CFO	7.2yrs	no data	no data
Chuan Lye Tan	Member of Group Management Board & Chairman of Food Solutions	no data	S$1.07m	no data
Cheng Bock Chi	CEO of Gateway Services & Member of Group Management Board	2.4yrs	no data	no data
Veronique Cremades-Mathis	Chief Strategy & Commercial Officer and Member of the Management Board	2.1yrs	no data	no data
Yuen Por Goh	CEO of Food Solutions & Member of Group Management Board	2.2yrs	no data	no data
Lian Yew Chye	Chief Legal Officer	2.1yrs	no data	no data
Chee-Weis Tan	Chief Human Capital Officer & Member of Group Management Board	1.4yrs	no data	no data
Francois Mirallie	Member of Group Management Board	no data	no data	no data
John Batten	Member of Group Management Board	no data	no data	no data
Michael Simpson	Member of Group Management Board	no data	no data	no data
Poh Tan	Senior Vice President of Technology	10.3yrs	no data	no data

2.3yrs

Average Tenure

61yo

Average Age

Experienced Management: W1J's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tee Heong Mok	CEO, President	2.8yrs	S$1.90m	0.054% € 2.2m
Swee Wah Mak	Independent Non-Executive Director	1.2yrs	no data	0.0018% € 72.8k
Vinita Bali	Independent Non-Executive Director	3.5yrs	S$124.08k	0.0019% € 78.1k
Kim Huat Chia	Independent Non-Executive Director	7.7yrs	S$105.80k	0.0042% € 168.8k
Aik Meng Eng	Independent & Non-Executive Director	1.6yrs	S$89.50k	0.0019% € 77.3k
Pier Luigi Sigismondi	Independent Non-Executive Director	1.2yrs	no data	0.00034% € 13.8k
Tan Yang Sock Ong	Independent Non-Executive Director	4yrs	S$130.20k	0.0027% € 111.5k
Lai Fung Chan	Independent Non-Executive Director	less than a year	no data	0.000070% € 2.8k
Achal Agarwal	Independent Non-Executive Director	8.2yrs	S$117.00k	0.0069% € 280.7k
Tiang Yew Tan	Independent Non-Executive Chairman	less than a year	no data	no data
Soon Neo Tan	Independent Non-Executive Director	7.6yrs	S$123.63k	0.0043% € 176.5k

2.8yrs

Average Tenure

58yo

Average Age

Experienced Board: W1J's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

SATS Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

Jenny Lee Hong Wei Steps Down as Non-Executive and Independent Director of SATS Ltd

SATS Ltd., Annual General Meeting, Jul 19, 2024

SATS Ltd. Appoints Tan Tiang Yew Irving as Independent Non-Executive Director and Chairman-Designate

SATS Ltd. Appoints Chan Lai Fung as Independent Non-Executive Director Member, Safety, Sustainability and Risk Committee

SATS Ltd. Appoints Mak Swee Wah as Independent Non-Executive Director

Recent updates

Upcoming dividend of S$0.015 per share

Now 20% undervalued

SATS Ltd. to Report First Half, 2025 Results on Nov 07, 2024

High number of new directors

SATS Ltd. Restructures Gateway Services Business to Drive Growth in Singapore and the Asia-Pacific

Full year 2024 earnings released: EPS: S$0.036 (vs S$0.022 loss in FY 2023)

Jenny Lee Hong Wei Steps Down as Non-Executive and Independent Director of SATS Ltd

Full year 2024 earnings released: EPS: S$0.036 (vs S$0.022 loss in FY 2023)

SATS Ltd., Annual General Meeting, Jul 19, 2024

SATS Ltd. Appoints Tan Tiang Yew Irving as Independent Non-Executive Director and Chairman-Designate

Third quarter 2024 earnings released

SATS Ltd. Appoints Chan Lai Fung as Independent Non-Executive Director Member, Safety, Sustainability and Risk Committee

Now 21% undervalued

First half 2024 earnings released: S$0.005 loss per share (vs S$0.029 loss in 1H 2023)

SATS Ltd. to Report First Half, 2024 Results on Nov 10, 2023

SATS Ltd. Appoints Mak Swee Wah as Independent Non-Executive Director

SATS Ltd. Announces Appointment of Mr. Pier Luigi Sigismondi as Independent Non-Executive Director

SATS Ltd. to Report Q1, 2024 Results on Aug 15, 2023

Sats Ltd. Announces Director Retirements

Full year 2023 earnings released: S$0.022 loss per share (vs S$0.018 profit in FY 2022)

Sats Ltd. Appoints Low Eng Kiat Henry as Chief Operating Officer

Sats Ltd. Announces Executive Changes , Effective July 1,2023

SATS Ltd., Annual General Meeting, Jul 21, 2023

Full year 2023 earnings released

High number of new directors

SATS Ltd. to Report Second Half, 2023 Results on May 29, 2023

Third quarter 2023 earnings released: EPS: S$0 (vs S$0.005 in 3Q 2022)

SATS Ltd. Appoints Ian Chye as Company Secretary, Effect from 15 October 2022

SATS Ltd. (SGX:S58) entered into a sale and purchase agreement to acquire Promontoria Holding 243 B.V from Promontoria 52 Coöperatie Ua and certain management sellers for €1.2 billion

SATS Confirms Discussions to Acquire Worldwide Flight Services

SATS Ltd. Announces Resignation of S. Prema as the Secretary, Effective 16 September 2022

First quarter 2023 earnings released: S$0.02 loss per share (vs S$0.006 profit in 1Q 2022)

SATS Ltd., Annual General Meeting, Jul 22, 2022

Full year 2022 earnings released: EPS: S$0.018 (vs S$0.071 loss in FY 2021)

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

SATS Ltd. to Report Q3, 2022 Results on Feb 23, 2022

Second quarter 2022 earnings released

Independent Non Executive Director Chee Meng Yap has left the company

Full year 2021 earnings released: S$0.071 loss per share (vs S$0.15 profit in FY 2020)

SATS Ltd. (SGX:S58) entered into a conditional sale and purchase agreement to acquire 85% stake in Food City Company Limited from Bangkok Ranch Public Company Limited (SET:BR) for approximately SGD 21 million.

Full year 2021 earnings released: S$0.071 loss per share (vs S$0.15 profit in FY 2020)

New 90-day high: €2.70

Third quarter 2021 earnings released: S$0.002 loss per share (vs S$0.053 profit in 3Q 2020)

SATS Ltd. Appoints Mrs. Deborah Ong as a Member of the Audit Committee

SATS Ltd. Appoints Deborah Ong as an Independent Non-Executive Director

New 90-day high: €2.34

Second quarter 2021 earnings released: S$0.03 loss per share

Revenue beats expectations

SATS Ltd. to Report First Half, 2021 Results on Nov 12, 2020

New 90-day high: €1.95

New 90-day high: €1.90

Earnings released

SATS Ltd. to Report Q1, 2021 Results on Aug 24, 2020

New 90-day low - €1.64

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age