TORM Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Jacob Meldgaard
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 47.6% |
| CEO tenure | 14.6yrs |
| CEO ownership | n/a |
| Management average tenure | 13.5yrs |
| Board average tenure | 8.9yrs |
Recent management updates
Recent updates
TORM's (CPH:TRMD A) Solid Earnings May Rest On Weak Foundations
Nov 15
TORM plc Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next
Nov 11TORM (CPH:TRMD A) Has A Pretty Healthy Balance Sheet
Sep 30We Think TORM (CPH:TRMD A) Might Have The DNA Of A Multi-Bagger
Sep 16TORM plc's (CPH:TRMD A) Intrinsic Value Is Potentially 58% Above Its Share Price
Jul 17Benign Growth For TORM plc (CPH:TRMD A) Underpins Its Share Price
Jun 11We Take A Look At Why TORM plc's (CPH:TRMD A) CEO Has Earned Their Pay Packet
Apr 05Investors Shouldn't Be Too Comfortable With TORM's (CPH:TRMD A) Earnings
Mar 15TORM plc Beat Revenue Forecasts By 16%: Here's What Analysts Are Forecasting Next
Mar 11Growth Investors: Industry Analysts Just Upgraded Their TORM plc (CPH:TRMD A) Revenue Forecasts By 10%
Mar 09Is TORM (CPH:TRMD A) Using Too Much Debt?
Feb 29Is Now The Time To Put TORM (CPH:TRMD A) On Your Watchlist?
Jan 23Why Investors Shouldn't Be Surprised By TORM plc's (CPH:TRMD A) Low P/E
Dec 25Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On Capital
Dec 11TORM (CPH:TRMD A) Seems To Use Debt Quite Sensibly
Oct 11Here's Why TORM (CPH:TRMD A) Has Caught The Eye Of Investors
Sep 11Are Investors Undervaluing TORM plc (CPH:TRMD A) By 32%?
Aug 24The Trend Of High Returns At TORM (CPH:TRMD A) Has Us Very Interested
Aug 09Some Confidence Is Lacking In TORM plc's (CPH:TRMD A) P/S
Jul 04These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably Well
Jun 13Why The 25% Return On Capital At TORM (CPH:TRMD A) Should Have Your Attention
Apr 10Analysts' Revenue Estimates For TORM plc (CPH:TRMD A) Are Surging Higher
Mar 15Is TORM (CPH:TRMD A) Using Too Much Debt?
Feb 09TORM's (CPH:TRMD A) Returns On Capital Are Heading Higher
Dec 08Analysts Are Betting On TORM plc (CPH:TRMD A) With A Big Upgrade This Week
Nov 13TORM (CPH:TRMD A) Takes On Some Risk With Its Use Of Debt
Oct 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$719m |
| Jun 30 2024 | n/a | n/a | US$713m |
| Mar 31 2024 | n/a | n/a | US$704m |
| Dec 31 2023 | US$3m | US$1m | US$648m |
| Sep 30 2023 | n/a | n/a | US$692m |
| Jun 30 2023 | n/a | n/a | US$785m |
| Mar 31 2023 | n/a | n/a | US$706m |
| Dec 31 2022 | US$2m | US$1m | US$563m |
| Sep 30 2022 | n/a | n/a | US$326m |
| Jun 30 2022 | n/a | n/a | US$94m |
| Mar 31 2022 | n/a | n/a | -US$10m |
| Dec 31 2021 | US$2m | US$1m | -US$42m |
| Sep 30 2021 | n/a | n/a | -US$74m |
| Jun 30 2021 | n/a | n/a | -US$59m |
| Mar 31 2021 | n/a | n/a | US$10m |
| Dec 31 2020 | US$2m | US$1m | US$88m |
| Sep 30 2020 | n/a | n/a | US$275m |
| Jun 30 2020 | n/a | n/a | US$265m |
| Mar 31 2020 | n/a | n/a | US$199m |
| Dec 31 2019 | US$2m | US$1m | US$166m |
| Sep 30 2019 | n/a | n/a | US$18m |
| Jun 30 2019 | n/a | n/a | US$2m |
| Mar 31 2019 | n/a | n/a | -US$12m |
| Dec 31 2018 | US$2m | US$1m | -US$35m |
| Sep 30 2018 | n/a | n/a | -US$29m |
| Jun 30 2018 | n/a | n/a | -US$9m |
| Mar 31 2018 | n/a | n/a | -US$1m |
| Dec 31 2017 | US$2m | US$1m | US$2m |
Compensation vs Market: Jacob's total compensation ($USD2.51M) is about average for companies of similar size in the Danish market ($USD1.97M).
Compensation vs Earnings: Jacob's compensation has increased by more than 20% in the past year.
CEO
Jacob Meldgaard (56 yo)
14.6yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 14.6yrs | US$2.51m | no data | |
| Chief Financial Officer | 4.9yrs | no data | no data | |
| VP and Head of Corporate Finance & Strategy | no data | no data | no data | |
| Senior VP & Head of Technical Division | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Senior VP & Head of Projects | 13.5yrs | no data | no data | |
| Vice President | no data | no data | no data |
13.5yrs
Average Tenure
56yo
Average Age
Experienced Management: TRMD A's management team is seasoned and experienced (13.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8.9yrs | US$2.51m | no data | |
| Independent Deputy Chairman & Senior Independent Director | 9.3yrs | US$219.00k | 0.0052% DKK 818.1k | |
| Non-Executive Independent Director | 4.6yrs | US$164.00k | 0.0028% DKK 441.4k | |
| Chairman | 9.3yrs | US$214.00k | 0.022% DKK 3.5m | |
| Non-Executive Independent Director | 9.1yrs | US$164.00k | 0% DKK 0 | |
| Employee Representative Board Observer | 8.6yrs | no data | no data | |
| Employee Representative Board Observer | 4.5yrs | no data | no data |
8.9yrs
Average Tenure
59yo
Average Age
Experienced Board: TRMD A's board of directors are considered experienced (8.9 years average tenure).