FLSmidth Management
Management criteria checks 2/4
FLSmidth's CEO is Mikko Keto, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is DKK23.54M, comprised of 33.3% salary and 66.7% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth DKK3.23M. The average tenure of the management team and the board of directors is 3 years and 3.3 years respectively.
Key information
Mikko Keto
Chief executive officer
kr.23.5m
Total compensation
| CEO salary percentage | 33.3% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
FLSmidth (CPH:FLS) Hasn't Managed To Accelerate Its Returns
May 08
Why Investors Shouldn't Be Surprised By FLSmidth & Co. A/S' (CPH:FLS) P/E
Apr 20Is FLSmidth & Co. A/S (CPH:FLS) Trading At A 38% Discount?
Mar 25FLSmidth's (CPH:FLS) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 10FLSmidth (CPH:FLS) Is Paying Out A Larger Dividend Than Last Year
Feb 25Is Now The Time To Look At Buying FLSmidth & Co. A/S (CPH:FLS)?
Feb 17Here's Why FLSmidth (CPH:FLS) Can Manage Its Debt Responsibly
Jan 29Capital Allocation Trends At FLSmidth (CPH:FLS) Aren't Ideal
Dec 24What Is FLSmidth & Co. A/S's (CPH:FLS) Share Price Doing?
Oct 31Should You Think About Buying FLSmidth & Co. A/S (CPH:FLS) Now?
Jul 13Is FLSmidth & Co. A/S (CPH:FLS) Trading At A 47% Discount?
Jun 26Does FLSmidth (CPH:FLS) Have A Healthy Balance Sheet?
May 29FLSmidth (CPH:FLS) May Have Issues Allocating Its Capital
Apr 28What Is FLSmidth & Co. A/S's (CPH:FLS) Share Price Doing?
Feb 20Is FLSmidth (CPH:FLS) Using Too Much Debt?
Jan 11Investors Could Be Concerned With FLSmidth's (CPH:FLS) Returns On Capital
Dec 24Is It Time To Consider Buying FLSmidth & Co. A/S (CPH:FLS)?
Nov 05Does FLSmidth (CPH:FLS) Have A Healthy Balance Sheet?
Sep 27FLSmidth (CPH:FLS) Hasn't Managed To Accelerate Its Returns
Sep 07Is There Now An Opportunity In FLSmidth & Co. A/S (CPH:FLS)?
Jul 29We Think FLSmidth (CPH:FLS) Can Manage Its Debt With Ease
Jun 22FLSmidth (CPH:FLS) Has Some Difficulty Using Its Capital Effectively
Jun 03At kr.190, Is It Time To Put FLSmidth & Co. A/S (CPH:FLS) On Your Watch List?
Apr 28FLSmidth's (CPH:FLS) Upcoming Dividend Will Be Larger Than Last Year's
Mar 23FLSmidth (CPH:FLS) Is Paying Out A Larger Dividend Than Last Year
Mar 05FLSmidth (CPH:FLS) Is Paying Out A Larger Dividend Than Last Year
Feb 19The Returns On Capital At FLSmidth (CPH:FLS) Don't Inspire Confidence
Jan 13FLSmidth (CPH:FLS) Has A Pretty Healthy Balance Sheet
Dec 14At kr.265, Is FLSmidth & Co. A/S (CPH:FLS) Worth Looking At Closely?
Nov 11Estimating The Intrinsic Value Of FLSmidth & Co. A/S (CPH:FLS)
Oct 11Does FLSmidth (CPH:FLS) Have A Healthy Balance Sheet?
Jul 29What Is FLSmidth & Co. A/S's (CPH:FLS) Share Price Doing?
Jul 14Estimating The Intrinsic Value Of FLSmidth & Co. A/S (CPH:FLS)
Jun 27Investors Could Be Concerned With FLSmidth's (CPH:FLS) Returns On Capital
Jun 12Some Investors May Be Willing To Look Past FLSmidth's (CPH:FLS) Soft Earnings
May 12At kr.223, Is FLSmidth & Co. A/S (CPH:FLS) Worth Looking At Closely?
Apr 15Key Things To Watch Out For If You Are After FLSmidth & Co. A/S's (CPH:FLS) 0.8% Dividend
Apr 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | kr.24m | kr.8m | kr.678m |
| Sep 30 2023 | n/a | n/a | kr.426m |
| Jun 30 2023 | n/a | n/a | kr.321m |
| Mar 31 2023 | n/a | n/a | kr.344m |
| Dec 31 2022 | kr.16m | kr.8m | kr.369m |
Compensation vs Market: Mikko's total compensation ($USD3.39M) is above average for companies of similar size in the Danish market ($USD1.73M).
Compensation vs Earnings: Mikko's compensation has increased by more than 20% in the past year.
CEO
Mikko Keto (56 yo)
2.3yrs
Tenure
kr.23,544,000
Compensation
Mr. Mikko Keto served as President of Mining Industry at FLSmidth & Co. A/S since January 2021 until January 1, 2022 and serves as Group Chief Executive Officer since January 1, 2022. Mr. Keto has been emp...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive Officer | 2.3yrs | kr.23.54m | 0.016% DKK 3.2m | |
| Group Chief Financial Officer | 3.8yrs | kr.14.67m | 0.040% DKK 8.3m | |
| COO & Chief Digital Officer | less than a year | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Group Legal Counsel | 11.3yrs | kr.1.29m | 0.0045% DKK 925.7k | |
| Chief People & Sustainability Officer | 6.1yrs | no data | 0.0016% DKK 334.0k | |
| President | no data | no data | no data | |
| President of Pumps | less than a year | no data | no data | |
| President of Region South America | 4.3yrs | no data | no data | |
| President of Region Australia | 3.7yrs | no data | no data | |
| President of Region North America | 2.3yrs | no data | no data | |
| President of Mining & Service Business Line | 2.3yrs | no data | no data |
3.0yrs
Average Tenure
54yo
Average Age
Experienced Management: FLS's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 12.2yrs | kr.1.40m | 0.088% DKK 18.2m | |
| Independent Director | 5.2yrs | kr.977.00k | 0.0018% DKK 362.9k | |
| Independent Vice Chairman | 2.2yrs | kr.900.00k | 0.0022% DKK 443.3k | |
| Director | less than a year | no data | no data | |
| Independent Director | 1.2yrs | kr.619.00k | no data | |
| Independent Director | 7.2yrs | kr.675.00k | 0.0035% DKK 727.8k | |
| Employee-Elected Member | 8.3yrs | kr.450.00k | 0.00076% DKK 156.7k | |
| Employee-Elected Member | 3.3yrs | kr.450.00k | 0.00023% DKK 47.4k | |
| Employee-Elected Member | 3.3yrs | kr.575.00k | 0.000090% DKK 18.6k |
3.3yrs
Average Tenure
60yo
Average Age
Experienced Board: FLS's board of directors are considered experienced (3.3 years average tenure).