ASSA ABLOY Management

Management criteria checks 4/4

ASSA ABLOY's CEO is Nico Delvaux, appointed in Mar 2018, has a tenure of 6.25 years. total yearly compensation is SEK57.63M, comprised of 40.3% salary and 59.7% bonuses, including company stock and options. directly owns 0.025% of the company’s shares, worth SEK80.73M. The average tenure of the management team and the board of directors is 4.4 years and 3.2 years respectively.

Key information

Nico Delvaux

Chief executive officer

SEK 57.6m

Total compensation

CEO salary percentage	40.3%
CEO tenure	6.3yrs
CEO ownership	0.02%
Management average tenure	4.4yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nico Delvaux's remuneration changed compared to ASSA ABLOY's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	SEK 14b
Dec 31 2023	SEK 58m	SEK 23m	SEK 14b
Sep 30 2023	n/a	n/a	SEK 13b
Jun 30 2023	n/a	n/a	SEK 14b
Mar 31 2023	n/a	n/a	SEK 13b
Dec 31 2022	SEK 52m	SEK 21m	SEK 13b
Sep 30 2022	n/a	n/a	SEK 13b
Jun 30 2022	n/a	n/a	SEK 11b
Mar 31 2022	n/a	n/a	SEK 12b
Dec 31 2021	SEK 50m	SEK 19m	SEK 11b
Sep 30 2021	n/a	n/a	SEK 9b
Jun 30 2021	n/a	n/a	SEK 11b
Mar 31 2021	n/a	n/a	SEK 10b
Dec 31 2020	SEK 35m	SEK 18m	SEK 9b
Sep 30 2020	n/a	n/a	SEK 10b
Jun 30 2020	n/a	n/a	SEK 8b
Mar 31 2020	n/a	n/a	SEK 10b
Dec 31 2019	SEK 43m	SEK 17m	SEK 10b
Sep 30 2019	n/a	n/a	SEK 9b
Jun 30 2019	n/a	n/a	SEK 9b
Mar 31 2019	n/a	n/a	SEK 3b
Dec 31 2018	SEK 29m	SEK 13m	SEK 3b

Compensation vs Market: Nico's total compensation ($USD5.46M) is about average for companies of similar size in the UK market ($USD5.60M).

Compensation vs Earnings: Nico's compensation has been consistent with company performance over the past year.

CEO

Nico Delvaux (58 yo)

6.3yrs

Tenure

SEK 57,626,000

Compensation

Mr. Nico Delvaux has been President, Chief Executive Officer and Head of Global Technologies Division at ASSA ABLOY AB (publ) since March 15, 2018. Mr. Delvaux served as Chief Executive Officer and Preside...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nico Delvaux	President	6.3yrs	SEK 57.63m	0.025% SEK 80.7m
Erik Pieder	Executive VP & CFO	5.4yrs	no data	0.0020% SEK 6.4m
Björn Tibell	Head of Investor Relations	no data	no data	no data
Ann Holmberg	Head of Corporate Communications	21.9yrs	no data	no data
Helle Bay	Executive VP & Chief HR Officer	2yrs	no data	0.00029% SEK 948.7k
Lucas Boselli	Executive VP & Head of Americas Division	6.2yrs	no data	0.0080% SEK 26.2m
Neil Vann	Executive VP & Head of EMEA division	5.9yrs	no data	0.0031% SEK 10.0m
Bjorn Lidefelt	Executive VP & Head of Global Technologies Business Unit HID Global	4.4yrs	no data	0.0040% SEK 13.1m
Simon Ellis	EVP and Head of Asia Pacific Business Unit ASSA ABLOY Opening Solutions Pacific & North East Asia	3.4yrs	no data	0.00074% SEK 2.4m
Martin Poxton	EVP and Head of Asia Pacific Business Unit ASSA ABLOY Opening Solutions Greater China & SEA	3.4yrs	no data	0.00061% SEK 2.0m
Massimo Grassi	Executive VP & Head of Entrance Systems Division	2.8yrs	no data	0.0014% SEK 4.5m
Stephanie Ordan	Executive VP & Head of the Global Solutions Business Unit of Global Technologies Division	2.8yrs	no data	0.0011% SEK 3.6m

4.4yrs

Average Tenure

52yo

Average Age

Experienced Management: ASSABS's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lena Olving	Independent Director	6.2yrs	SEK 1.13m	0.000050% SEK 163.6k
Carl Douglas	Independent Vice Chairman	20.4yrs	SEK 1.12m	no data
Sofia Hogberg	Independent Director	7.2yrs	SEK 890.00k	no data
Joakim Weidemanis	Independent Director	4.2yrs	SEK 890.00k	no data
Susanne Aklundh	Independent Director	3.2yrs	SEK 1.24m	0.00023% SEK 752.4k
Johan Hjertonsson	Independent Chairman	3.2yrs	SEK 3.17m	0.00090% SEK 2.9m
Bjarne Johansson	Employee Representative Deputy Director	9.4yrs	no data	no data
Victoria Van Camp	Independent Director	1.2yrs	SEK 1.13m	0.00061% SEK 2.0m
Erik Ekudden	Independent Director	2.2yrs	SEK 972.00k	no data
Annika Akerblom	Employee Representative Deputy Director	1.4yrs	no data	no data
Fredrik Bergvall	Deputy Board Member	less than a year	no data	no data

3.2yrs

Average Tenure

56yo

Average Age

Experienced Board: ASSABS's board of directors are considered experienced (3.2 years average tenure).

ASSA ABLOY Management

Management criteria checks 4/4

Key information

Recent management updates

Insider recently bought kr3.3m worth of stock

High number of new directors

High number of new directors

High number of new directors

High number of new directors

ASSA ABLOY AB (publ), Annual General Meeting, Apr 24, 2024

Recent updates

Insider recently bought kr3.3m worth of stock

Dividend of kr2.70 announced

First quarter 2024 earnings released: EPS: kr3.11 (vs kr2.44 in 1Q 2023)

Assa Abloy AB (Publ) Approves Dividend, Payable on May 2, 2024 and November 14, 2024

Upcoming dividend of kr2.70 per share

ASSA ABLOY AB (publ) (OM:ASSA B) acquired MESSERSCHMITT Systems GmbH.

ASSA ABLOY AB (publ) Proposes Dividend to Be Paid Out in Two Equal Installments, Payable on May 02, 2024 and on November 14, 2024

Final dividend of kr2.70 announced

High number of new directors

Final dividend of kr2.70 announced

Full year 2023 earnings released: EPS: kr12.27 (vs kr11.97 in FY 2022)

High number of new directors

Assa Abloy AB (Publ) Proposes Dividend for 2023

ASSA ABLOY AB (publ) (OM:ASSA B) signed an agreement to acquire Amecor Integrated Solutions (Pty) Ltd

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Integrated Warehouse Solutions West, Inc.

ASSA ABLOY AB (publ) to Report Q3, 2024 Results on Oct 23, 2024

High number of new directors

ASSA ABLOY AB (publ) to Report First Half, 2024 Results on Jul 17, 2024

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Ghost Controls, LLC.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Leone Fence Co. Ltd.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Leone Fence Co. Ltd.

High number of new directors

Third quarter 2023 earnings released

ASSA ABLOY AB (publ), Annual General Meeting, Apr 24, 2024

Now 22% undervalued after recent price drop

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Securitech Group Inc.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Grupo Forte S.A.C.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Grupo Forte S.A.C.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Lawrence Hardware, Inc.

ASSA ABLOY Appoints Sharad Kapoor as Director of Sales and Head of Yale (Retail)

ASSA ABLOY AB (publ) to Report Fiscal Year 2023 Results on Jun 02, 2024

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Sunray Engineering Limited.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Sunray Engineering Limited.

New minor risk - Financial position

Second quarter 2023 earnings released

ASSA ABLOY AB (publ) (OM:ASSA B) completed the acquisition of Hardware and Home Improvement Business of Spectrum Brands Holdings, Inc. (NYSE:SPB).

Insider recently bought kr903k worth of stock

High number of new directors

President recently bought kr15m worth of stock

Upcoming dividend of kr2.40 per share at 2.0% yield

Less than half of directors are independent

Full year 2022 earnings released: EPS: kr11.97 (vs kr9.81 in FY 2021)

Full year 2022 earnings released: EPS: kr11.97 (vs kr9.81 in FY 2021)

ASSA ABLOY AB (publ) to Report Fiscal Year 2022 Final Results on Mar 06, 2023

ASSA ABLOY AB (publ) Announces Eva Karlsson Declines Re-Election as Board Member

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Janam Technologies LLC.

ASSA ABLOY AB (publ) Announces Non-Availability of Lars Renström, Chairman of Board of Directors, for Re-Election At the Next Annual General Meeting

Insider recently sold kr464k worth of stock

Upcoming dividend of kr2.10 per share

ASSA ABLOY AB (publ) (OM:ASSA B) acquired D&D Technologies Pty Ltd.

ASSA ABLOY AB (publ) Announces Members of Nomination Committee

Third quarter 2022 earnings released: EPS: kr3.20 (vs kr2.15 in 3Q 2021)

ASSA ABLOY AB (publ), Annual General Meeting, Apr 26, 2023

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Bird Home Automation Gmbh.

ASSA ABLOY AB (publ) (OM:ASSA B) agreed to acquire Control iD.

ASSA ABLOY AB (publ) (OM:ASSA B) agreed to acquire Control iD.

ASSA ABLOY AB (publ) (OM:ASSA B) agreed to acquire Control iD.

ASSA ABLOY AB (publ) (OM:ASSA B) entered into an agreement to acquire VHS Plastik Metal.

ASSA ABLOY AB (publ) to Report Nine Months, 2022 Results on Oct 26, 2022

ASSA ABLOY AB (publ) (OM:ASSA B) acquired JNewton Enterprises, Inc.

ASSA ABLOY AB (publ) (OM:ASSA B) signed an agreement to acquire Alcea.

Second quarter 2022 earnings released

ASSA ABLOY AB (publ) to Report Q2, 2022 Results on Jul 19, 2022

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Caldwell Manufacturing Company North America, LLC.

Insider recently bought kr1.4m worth of stock

President recently bought kr13m worth of stock

First quarter 2022 earnings released

ASSA ABLOY AB (publ) Approves Dividend, Payable on 4 May 2022 and 25 November 2022

Upcoming dividend of kr2.10 per share