AB Ignitis grupe Management
Management criteria checks 4/4
AB Ignitis grupe's CEO is Darius Maikštenas, appointed in Feb 2018, has a tenure of 6.75 years. total yearly compensation is €223.90K, comprised of 78.8% salary and 21.2% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth €56.10K. The average tenure of the management team and the board of directors is 6.8 years and 3.1 years respectively.
Key information
Darius Maikštenas
Chief executive officer
€223.9k
Total compensation
| CEO salary percentage | 78.8% |
| CEO tenure | 6.8yrs |
| CEO ownership | 0.004% |
| Management average tenure | 6.8yrs |
| Board average tenure | 3.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | €322m |
| Jun 30 2024 | n/a | n/a | €333m |
| Mar 31 2024 | n/a | n/a | €312m |
| Dec 31 2023 | €224k | €177k | €320m |
| Sep 30 2023 | n/a | n/a | €321m |
| Jun 30 2023 | n/a | n/a | €334m |
| Mar 31 2023 | n/a | n/a | €374m |
| Dec 31 2022 | €198k | €144k | €293m |
| Sep 30 2022 | n/a | n/a | €233m |
| Jun 30 2022 | n/a | n/a | €215m |
| Mar 31 2022 | n/a | n/a | €165m |
| Dec 31 2021 | €181k | €129k | €160m |
| Sep 30 2021 | n/a | n/a | €174m |
| Jun 30 2021 | n/a | n/a | €159m |
| Mar 31 2021 | n/a | n/a | €193m |
| Dec 31 2020 | €187k | €121k | €171m |
| Sep 30 2020 | n/a | n/a | €124m |
| Jun 30 2020 | n/a | n/a | €102m |
| Mar 31 2020 | n/a | n/a | €61m |
| Dec 31 2019 | €155k | €94k | €57m |
| Sep 30 2019 | n/a | n/a | -€27m |
| Jun 30 2019 | n/a | n/a | -€54m |
| Mar 31 2019 | n/a | n/a | -€38m |
| Dec 31 2018 | €85k | €63k | -€22m |
Compensation vs Market: Darius's total compensation ($USD236.31K) is below average for companies of similar size in the German market ($USD1.66M).
Compensation vs Earnings: Darius's compensation has been consistent with company performance over the past year.
CEO
Darius Maikštenas (54 yo)
6.8yrs
Tenure
€223,904
Compensation
Mr. Darius Maikštenas has been Chairman of the Management Board of UAB Ignitis Grupe since February 1, 2018 and as its CEO since February 12, 2018. During his tenure, structural reforms were implemented by...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Management Board & CEO | 6.8yrs | €223.90k | 0.0041% € 56.1k | |
| Member of the Management Board & CFO | 6.8yrs | €171.23k | 0.00069% € 9.4k | |
| Member of the Management Board & Group Head of Organisational Development | 6.8yrs | €181.36k | 0.00041% € 5.6k | |
| Member of the Management Board and Head of Group Commerce & Service | 6.8yrs | €179.66k | 0.00028% € 3.8k | |
| Member of the Management Board & Group Head of Regulated Activities | 2.8yrs | €171.39k | 0.00030% € 4.1k | |
| Senior Legal Counsel | no data | no data | no data | |
| Head of Public Relations | no data | no data | no data |
6.8yrs
Average Tenure
46yo
Average Age
Experienced Management: IGV's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of Supervisory Board | 4yrs | €37.68k | no data | |
| Member of Supervisory Board | 7.3yrs | €18.84k | no data | |
| Member of Remuneration & Nomination Committee | 6.7yrs | €4.13k | no data | |
| Member to Supervisory Board | 3.1yrs | €18.84k | no data | |
| Member of Risk Committee | no data | no data | no data | |
| Independent Member of Supervisory Board | 3.1yrs | €37.68k | no data | |
| Independent Member of Supervisory Board | 3.1yrs | €37.68k | no data | |
| Independent Chairman of the Supervisory Board | 3.1yrs | €50.16k | no data | |
| Independent Member of the Supervisory Board | less than a year | no data | no data |
3.1yrs
Average Tenure
56yo
Average Age
Experienced Board: IGV's board of directors are considered experienced (3.1 years average tenure).