ABB Management
Management criteria checks 3/4
ABB's CEO is Morten Wierod, appointed in Aug 2024, has a tenure of less than a year. total yearly compensation is $5.47M, comprised of 20.9% salary and 79.1% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth SEK87.69M. The average tenure of the management team and the board of directors is 4.3 years and 6.7 years respectively.
Key information
Morten Wierod
Chief executive officer
US$5.5m
Total compensation
| CEO salary percentage | 20.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.008% |
| Management average tenure | 4.3yrs |
| Board average tenure | 6.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$4b |
| Jun 30 2024 | n/a | n/a | US$4b |
| Mar 31 2024 | n/a | n/a | US$4b |
| Dec 31 2023 | US$5m | US$1m | US$4b |
| Sep 30 2023 | n/a | n/a | US$4b |
| Jun 30 2023 | n/a | n/a | US$3b |
| Mar 31 2023 | n/a | n/a | US$3b |
| Dec 31 2022 | US$4m | US$946k | US$3b |
| Sep 30 2022 | n/a | n/a | US$4b |
| Jun 30 2022 | n/a | n/a | US$4b |
| Mar 31 2022 | n/a | n/a | US$5b |
| Dec 31 2021 | US$4m | US$868k | US$5b |
| Sep 30 2021 | n/a | n/a | US$2b |
| Jun 30 2021 | n/a | n/a | US$886m |
| Mar 31 2021 | n/a | n/a | US$494m |
| Dec 31 2020 | US$3m | US$795k | US$286m |
| Sep 30 2020 | n/a | n/a | US$457m |
| Jun 30 2020 | n/a | n/a | US$1b |
| Mar 31 2020 | n/a | n/a | US$937m |
| Dec 31 2019 | US$2m | US$543k | US$1b |
Compensation vs Market: Morten's total compensation ($USD5.47M) is about average for companies of similar size in the UK market ($USD5.66M).
Compensation vs Earnings: Morten's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Morten Wierod (52 yo)
less than a year
Tenure
US$5,474,404
Compensation
Mr. Morten Wierod serves as a Non-Executive Member of ABB E-mobility Inc. Mr. Wierod served as a Non-Executive Non-Independent Director at ABB India Limited from June 19, 2020 to May 05, 2022 and served as...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | less than a year | US$5.47m | 0.0077% SEK 87.7m | |
| Chief Financial Officer | 7.6yrs | US$5.60m | 0.0084% SEK 95.7m | |
| Chief Communications & Sustainability Officer | 2.1yrs | US$3.00m | 0.000020% SEK 228.1k | |
| Chief Human Resources Officer | 3.8yrs | US$3.99m | 0.00028% SEK 3.2m | |
| President of Process Automation | 7.8yrs | US$4.84m | 0.0021% SEK 23.5m | |
| President of Robotics & Discrete Automation Business | no data | US$4.43m | 0.0054% SEK 61.9m | |
| Advisor | less than a year | US$11.52m | 0.021% SEK 236.5m | |
| Chief Information Officer | 6.1yrs | no data | no data | |
| Group Senior VP & Head of Investor Relations | 4.8yrs | no data | no data | |
| General Counsel & Company Secretary | less than a year | no data | no data | |
| Group Senior VP & Chief Counsel of Corporate & Finance | no data | no data | no data | |
| Group Head of Global Mobility & VP | 13.8yrs | no data | no data |
4.3yrs
Average Tenure
56yo
Average Age
Experienced Management: ABBS's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent & Non-Executive Director | 8.6yrs | US$416.13k | 0.0034% SEK 39.0m | |
| Independent Chairman of the Board | 9.6yrs | US$1.43m | 0.011% SEK 128.1m | |
| Independent & Non-Executive Director | 6.7yrs | US$392.35k | 0.0023% SEK 25.9m | |
| Director | less than a year | no data | no data | |
| Independent & Non-Executive Director | 7.6yrs | US$380.46k | 0.0047% SEK 53.8m | |
| Independent & Non-Executive Director | 8.6yrs | US$475.58k | 0.0028% SEK 31.8m | |
| Independent & Non-Executive Director | 9.6yrs | US$380.46k | 0.0027% SEK 30.4m | |
| Independent Director | 6.7yrs | US$416.13k | 0.0027% SEK 30.9m | |
| Director | less than a year | no data | no data | |
| Director | 1.7yrs | US$196.18k | 0.00053% SEK 6.0m | |
| Independent & Non-Executive Director | 6.7yrs | US$392.35k | 0.0022% SEK 24.5m |
6.7yrs
Average Tenure
59yo
Average Age
Experienced Board: ABBS's board of directors are considered experienced (6.7 years average tenure).