Compagnie Générale des Établissements Michelin Société en commandite par actions Management
Management criteria checks 3/4
Compagnie Générale des Établissements Michelin Société en commandite par actions' CEO is Florent Menegaux, appointed in May 2019, has a tenure of 5.58 years. total yearly compensation is €3.81M, comprised of 28.9% salary and 71.1% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth €4.16M. The average tenure of the management team and the board of directors is 3.9 years and 6.6 years respectively.
Key information
Florent Menegaux
Chief executive officer
€3.8m
Total compensation
| CEO salary percentage | 28.9% |
| CEO tenure | 5.6yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3.9yrs |
| Board average tenure | 6.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | €2b |
| Mar 31 2024 | n/a | n/a | €2b |
| Dec 31 2023 | €4m | €1m | €2b |
| Sep 30 2023 | n/a | n/a | €2b |
| Jun 30 2023 | n/a | n/a | €2b |
| Mar 31 2023 | n/a | n/a | €2b |
| Dec 31 2022 | €3m | €1m | €2b |
| Sep 30 2022 | n/a | n/a | €2b |
| Jun 30 2022 | n/a | n/a | €2b |
| Mar 31 2022 | n/a | n/a | €2b |
| Dec 31 2021 | €3m | €900k | €2b |
| Sep 30 2021 | n/a | n/a | €2b |
| Jun 30 2021 | n/a | n/a | €2b |
| Mar 31 2021 | n/a | n/a | €1b |
| Dec 31 2020 | €2m | €900k | €628m |
| Sep 30 2020 | n/a | n/a | €691m |
| Jun 30 2020 | n/a | n/a | €754m |
| Mar 31 2020 | n/a | n/a | €1b |
| Dec 31 2019 | €2m | €900k | €2b |
| Sep 30 2019 | n/a | n/a | €2b |
| Jun 30 2019 | n/a | n/a | €2b |
| Mar 31 2019 | n/a | n/a | €2b |
| Dec 31 2018 | €2m | €555k | €2b |
Compensation vs Market: Florent's total compensation ($USD3.97M) is below average for companies of similar size in the UK market ($USD5.77M).
Compensation vs Earnings: Florent's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Florent Menegaux (62 yo)
5.6yrs
Tenure
€3,806,845
Compensation
Mr. Florent Menegaux serves as a Chief Executive Officer at Compagnie Générale des Établissements Michelin since May 15, 2019 and its Managing General Partner since May 18, 2018 also its Managing Chairman...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Managing General Partner & Managing Chairman | 5.6yrs | €3.81m | 0.018% € 4.2m | |
| Managing Partner | 5.4yrs | €2.35m | 0.0087% € 2.0m | |
| Head of Investor Relations | no data | no data | no data | |
| Group General Counsel | no data | no data | no data | |
| Chief People Officer | 5.8yrs | no data | no data | |
| Executive Vice President of Engagement & Brands and Michelin Lifestyle | no data | no data | no data | |
| Executive VP of Long-Distance & Urban Transportation and Head of Europe Regions | 3.9yrs | no data | no data | |
| EVP of Dist | 3.9yrs | no data | no data | |
| Executive Vice President of High Tech Materials | 3.5yrs | no data | no data | |
| Executive Vice President of Manufacturing | 1.9yrs | no data | no data | |
| Chief People Officer of North America Region | 1.9yrs | no data | no data | |
| Chief Executive Officer of MICHELIN Mobility Intelligence | no data | no data | no data |
3.9yrs
Average Tenure
62yo
Average Age
Experienced Management: MLP's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non Independent Chairman of Supervisory Board | 16.6yrs | €400.00k | 0.00039% € 88.1k | |
| Independent Member of Supervisory Board | 9.2yrs | €115.00k | 0.00057% € 128.8k | |
| Senior Independent Supervisory Board Member | 6.6yrs | €85.00k | 0.00023% € 52.0k | |
| Independent Member of the Supervisory Board | 3.6yrs | €80.00k | 0.00023% € 52.0k | |
| Independent Supervisory Board Member | 4.1yrs | €70.00k | 0.00023% € 52.0k | |
| Independent Member of Supervisory Board | 9.6yrs | €78.80k | 0.00023% € 52.0k | |
| Independent Member of Supervisory Board | 11.6yrs | €90.00k | 0.00051% € 115.2k | |
| Employee Representative Member of Supervisory Board | 4yrs | €70.00k | 0.000080% € 18.1k | |
| Employee Representative Member of Supervisory Board | 4yrs | €70.00k | 0.000060% € 13.6k |
6.6yrs
Average Tenure
62yo
Average Age
Experienced Board: MLP's board of directors are considered experienced (6.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 05:27 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Compagnie Générale des Établissements Michelin Société en commandite par actions is covered by 45 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hans-Peter Wodniok | AlphaValue |
| Kristina Church | Barclays |
| Erwann Dagorne | Barclays |