TORM Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Jacob Meldgaard

Chief executive officer

US$2.5m

Total compensation

CEO salary percentage47.6%
CEO tenure13.9yrs
CEO ownershipn/a
Management average tenure12.8yrs
Board average tenure8.3yrs

Recent management updates

Shareholders May Be More Conservative With TORM plc's (CPH:TRMD A) CEO Compensation For Now

Apr 07
Shareholders May Be More Conservative With TORM plc's (CPH:TRMD A) CEO Compensation For Now

Recent updates

Investors Shouldn't Be Too Comfortable With TORM's (CPH:TRMD A) Earnings

Mar 15
Investors Shouldn't Be Too Comfortable With TORM's (CPH:TRMD A) Earnings

TORM plc Beat Revenue Forecasts By 16%: Here's What Analysts Are Forecasting Next

Mar 11
TORM plc Beat Revenue Forecasts By 16%: Here's What Analysts Are Forecasting Next

Growth Investors: Industry Analysts Just Upgraded Their TORM plc (CPH:TRMD A) Revenue Forecasts By 10%

Mar 09
Growth Investors: Industry Analysts Just Upgraded Their TORM plc (CPH:TRMD A) Revenue Forecasts By 10%

Is TORM (CPH:TRMD A) Using Too Much Debt?

Feb 29
Is TORM (CPH:TRMD A) Using Too Much Debt?

Is Now The Time To Put TORM (CPH:TRMD A) On Your Watchlist?

Jan 23
Is Now The Time To Put TORM (CPH:TRMD A) On Your Watchlist?

Why Investors Shouldn't Be Surprised By TORM plc's (CPH:TRMD A) Low P/E

Dec 25
Why Investors Shouldn't Be Surprised By TORM plc's (CPH:TRMD A) Low P/E

Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On Capital

Dec 11
Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On Capital

TORM (CPH:TRMD A) Seems To Use Debt Quite Sensibly

Oct 11
TORM (CPH:TRMD A) Seems To Use Debt Quite Sensibly

Here's Why TORM (CPH:TRMD A) Has Caught The Eye Of Investors

Sep 11
Here's Why TORM (CPH:TRMD A) Has Caught The Eye Of Investors

Are Investors Undervaluing TORM plc (CPH:TRMD A) By 32%?

Aug 24
Are Investors Undervaluing TORM plc (CPH:TRMD A) By 32%?

The Trend Of High Returns At TORM (CPH:TRMD A) Has Us Very Interested

Aug 09
The Trend Of High Returns At TORM (CPH:TRMD A) Has Us Very Interested

Some Confidence Is Lacking In TORM plc's (CPH:TRMD A) P/S

Jul 04
Some Confidence Is Lacking In TORM plc's (CPH:TRMD A) P/S

These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably Well

Jun 13
These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably Well

Why The 25% Return On Capital At TORM (CPH:TRMD A) Should Have Your Attention

Apr 10
Why The 25% Return On Capital At TORM (CPH:TRMD A) Should Have Your Attention

Analysts' Revenue Estimates For TORM plc (CPH:TRMD A) Are Surging Higher

Mar 15
Analysts' Revenue Estimates For TORM plc (CPH:TRMD A) Are Surging Higher

Is TORM (CPH:TRMD A) Using Too Much Debt?

Feb 09
Is TORM (CPH:TRMD A) Using Too Much Debt?

TORM's (CPH:TRMD A) Returns On Capital Are Heading Higher

Dec 08
TORM's (CPH:TRMD A) Returns On Capital Are Heading Higher

Analysts Are Betting On TORM plc (CPH:TRMD A) With A Big Upgrade This Week

Nov 13
Analysts Are Betting On TORM plc (CPH:TRMD A) With A Big Upgrade This Week

TORM (CPH:TRMD A) Takes On Some Risk With Its Use Of Debt

Oct 18
TORM (CPH:TRMD A) Takes On Some Risk With Its Use Of Debt

TORM plc (CPH:TRMD A) Analysts Just Slashed This Year's Revenue Estimates By 12%

Sep 06
TORM plc (CPH:TRMD A) Analysts Just Slashed This Year's Revenue Estimates By 12%

Analysts Just Published A Bright New Outlook For TORM plc's (CPH:TRMD A)

Aug 11
Analysts Just Published A Bright New Outlook For TORM plc's (CPH:TRMD A)

TORM (CPH:TRMD A) Might Be Having Difficulty Using Its Capital Effectively

Aug 04
TORM (CPH:TRMD A) Might Be Having Difficulty Using Its Capital Effectively

TORM (CPH:TRMD A) Use Of Debt Could Be Considered Risky

Jul 14
TORM (CPH:TRMD A) Use Of Debt Could Be Considered Risky

Broker Revenue Forecasts For TORM plc (CPH:TRMD A) Are Surging Higher

May 20
Broker Revenue Forecasts For TORM plc (CPH:TRMD A) Are Surging Higher

TORM (CPH:TRMD A) Might Be Having Difficulty Using Its Capital Effectively

Apr 30
TORM (CPH:TRMD A) Might Be Having Difficulty Using Its Capital Effectively

Is TORM (CPH:TRMD A) Using Too Much Debt?

Mar 27
Is TORM (CPH:TRMD A) Using Too Much Debt?

Health Check: How Prudently Does TORM (CPH:TRMD A) Use Debt?

Dec 11
Health Check: How Prudently Does TORM (CPH:TRMD A) Use Debt?

Is TORM (CPH:TRMD A) A Risky Investment?

Jul 20
Is TORM (CPH:TRMD A) A Risky Investment?

Shareholders May Be More Conservative With TORM plc's (CPH:TRMD A) CEO Compensation For Now

Apr 07
Shareholders May Be More Conservative With TORM plc's (CPH:TRMD A) CEO Compensation For Now

Investors Met With Slowing Returns on Capital At TORM (CPH:TRMD A)

Mar 31
Investors Met With Slowing Returns on Capital At TORM (CPH:TRMD A)

What Type Of Shareholders Own The Most Number of TORM plc (CPH:TRMD A) Shares?

Mar 10
What Type Of Shareholders Own The Most Number of TORM plc (CPH:TRMD A) Shares?

These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Extensively

Feb 05
These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Extensively

TORM (CPH:TRMD A) Share Prices Have Dropped 36% In The Last Year

Jan 12
TORM (CPH:TRMD A) Share Prices Have Dropped 36% In The Last Year

CEO Compensation Analysis

How has Jacob Meldgaard's remuneration changed compared to TORM's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$3mUS$1m

US$648m

Sep 30 2023n/an/a

US$692m

Jun 30 2023n/an/a

US$785m

Mar 31 2023n/an/a

US$706m

Dec 31 2022US$2mUS$1m

US$563m

Sep 30 2022n/an/a

US$326m

Jun 30 2022n/an/a

US$94m

Mar 31 2022n/an/a

-US$10m

Dec 31 2021US$2mUS$1m

-US$42m

Sep 30 2021n/an/a

-US$74m

Jun 30 2021n/an/a

-US$59m

Mar 31 2021n/an/a

US$10m

Dec 31 2020US$2mUS$1m

US$88m

Sep 30 2020n/an/a

US$275m

Jun 30 2020n/an/a

US$265m

Mar 31 2020n/an/a

US$199m

Dec 31 2019US$2mUS$1m

US$166m

Sep 30 2019n/an/a

US$18m

Jun 30 2019n/an/a

US$2m

Mar 31 2019n/an/a

-US$12m

Dec 31 2018US$2mUS$1m

-US$35m

Sep 30 2018n/an/a

-US$29m

Jun 30 2018n/an/a

-US$9m

Mar 31 2018n/an/a

-US$1m

Dec 31 2017US$2mUS$1m

US$2m

Compensation vs Market: Jacob's total compensation ($USD2.51M) is above average for companies of similar size in the Danish market ($USD1.74M).

Compensation vs Earnings: Jacob's compensation has increased by more than 20% in the past year.


CEO

Jacob Meldgaard (55 yo)

13.9yrs

Tenure

US$2,513,000

Compensation

Mr. Jacob Balslev Meldgaard has been the Chief Executive Officer of Torm Plc since April 1, 2010 and has been its Executive Director since December 14, 2015. Mr. Meldgaard has many years of shipping experi...


Leadership Team

NamePositionTenureCompensationOwnership
Jacob Meldgaard
CEO & Executive Director13.9yrsUS$2.51mno data
Kim Balle
Chief Financial Officer4.3yrsno datano data
Jesper Jensen
Senior VP & Head of Technical Divisionno datano datano data
Mikael Bo Larsen
Head of Investor Relationsno datano datano data
Lars Christensen
Senior VP & Head of Projects12.8yrsno datano data
Morten Agdrup
VP and Head of Corporate Finance & Strategyno datano datano data
Andreas Abildgaard-Hein
Vice Presidentno datano datano data

12.8yrs

Average Tenure

55yo

Average Age

Experienced Management: TRMD A's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jacob Meldgaard
CEO & Executive Director8.3yrsUS$2.51mno data
David Weinstein
Independent Deputy Chairman & Senior Independent Director8.6yrsUS$219.00k0.0054%
$ 1.2m
Christopher Boehringer
Chairman8.6yrsUS$209.00k0.023%
$ 5.0m
Par Trapp
Non-Executive Independent Director8.4yrsUS$156.00k0.014%
$ 3.0m
Rasmus Johannes Hoffmann
Employee Representative Board Observer7.9yrsno datano data
Annette Justad
Non-Executive Independent Director3.9yrsUS$164.00k0.0029%
$ 633.0k
Christian Gorrissen
Employee Representative Board Observer3.8yrsno datano data

8.3yrs

Average Tenure

58yo

Average Age

Experienced Board: TRMD A's board of directors are considered experienced (8.3 years average tenure).


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