Bunzl Management

Management criteria checks 2/4

Bunzl's CEO is Frank van Zanten, appointed in Apr 2016, has a tenure of 8.17 years. total yearly compensation is £6.28M, comprised of 15.8% salary and 84.2% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth £8.15M. The average tenure of the management team and the board of directors is 4.9 years and 4.7 years respectively.

Key information

Frank van Zanten

Chief executive officer

UK£6.3m

Total compensation

CEO salary percentage	15.8%
CEO tenure	8.2yrs
CEO ownership	0.08%
Management average tenure	4.9yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frank van Zanten's remuneration changed compared to Bunzl's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	UK£6m	UK£995k	UK£526m
Sep 30 2023	n/a	n/a	UK£508m
Jun 30 2023	n/a	n/a	UK£490m
Mar 31 2023	n/a	n/a	UK£482m
Dec 31 2022	UK£5m	UK£940k	UK£474m
Sep 30 2022	n/a	n/a	UK£464m
Jun 30 2022	n/a	n/a	UK£453m
Mar 31 2022	n/a	n/a	UK£448m
Dec 31 2021	UK£4m	UK£913k	UK£443m
Sep 30 2021	n/a	n/a	UK£449m
Jun 30 2021	n/a	n/a	UK£456m
Mar 31 2021	n/a	n/a	UK£443m
Dec 31 2020	UK£3m	UK£887k	UK£430m
Sep 30 2020	n/a	n/a	UK£405m
Jun 30 2020	n/a	n/a	UK£380m
Mar 31 2020	n/a	n/a	UK£364m
Dec 31 2019	UK£3m	UK£862k	UK£349m
Sep 30 2019	n/a	n/a	UK£341m
Jun 30 2019	n/a	n/a	UK£332m
Mar 31 2019	n/a	n/a	UK£329m
Dec 31 2018	UK£3m	UK£836k	UK£327m
Sep 30 2018	n/a	n/a	UK£327m
Jun 30 2018	n/a	n/a	UK£328m
Mar 31 2018	n/a	n/a	UK£319m
Dec 31 2017	UK£3m	UK£816k	UK£311m

Compensation vs Market: Frank's total compensation ($USD7.98M) is above average for companies of similar size in the UK market ($USD5.60M).

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

CEO

Frank van Zanten (57 yo)

8.2yrs

Tenure

UK£6,284,900

Compensation

Mr. Frank van Zanten, MBA, is a Member of Supervisory Board at Koninklijke Ahold Delhaize N.V. since April 8, 2020. He has been Chief Executive Officer at Bunzl plc since April 20, 2016. Mr. van Zanten ser...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frank van Zanten	CEO & Executive Director	8.2yrs	UK£6.28m	0.080% £ 8.1m
Richard Howes	CFO & Director	4.4yrs	UK£3.39m	0.027% £ 2.7m
Mark Jordan	Group Chief Information Officer	no data	no data	no data
Sunita Entwisle	Head of Investor Relations	no data	no data	no data
Suzanne Jefferies	General Counsel & Company Secretary	3.7yrs	no data	no data
Andrew Mooney	Director of Corporate Development	no data	no data	0.021% £ 2.1m
Diana Breeze	Director of Group Human Resources	5.4yrs	no data	no data
Andrew Tedbury	Managing Director of UK & Ireland	no data	no data	no data
Jonathan Taylor	Managing Director of Latin America	no data	no data	no data
James McCool	Chief Executive Officer of North America	no data	no data	no data
Alberto Grau	Managing Director of Continental Europe	no data	no data	no data
Ian Burrows	Head of Internal Controls	no data	no data	no data

4.9yrs

Average Tenure

55yo

Average Age

Experienced Management: BNZLL's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frank van Zanten	CEO & Executive Director	8.3yrs	UK£6.28m	0.080% £ 8.1m
Richard Howes	CFO & Director	4.4yrs	UK£3.39m	0.027% £ 2.7m
Pamela Kirby	Senior Independent Director	1.8yrs	UK£78.50k	0.00054% £ 54.8k
Vinodka Murria	Independent Non-Executive Director	4yrs	UK£79.10k	no data
Peter Ventress	Chairman of the Board	5yrs	UK£386.00k	0.00078% £ 79.1k
Stephan Nanninga	Independent Non-Executive Director	7.1yrs	UK£86.30k	no data
Jacqueline Simmonds	Independent Non-Executive Director	1.3yrs	UK£67.00k	no data
Lloyd Pitchford	Independent Non-Executive Director	7.3yrs	UK£101.30k	0.0012% £ 120.7k

4.7yrs

Average Tenure

61.5yo

Average Age

Experienced Board: BNZLL's board of directors are considered experienced (4.7 years average tenure).

Bunzl Management

Management criteria checks 2/4

Key information

Recent management updates

Director of Corporate Development recently sold UK£598k worth of stock

CEO & Executive Director recently sold UK£390k worth of stock

Bunzl plc Announces the Appointment of Jacky Simmonds as A Non-Executive Director and as A Member of the Remuneration, Audit, Nomination and Board Sustainability Committees

Insufficient new directors

Bunzl plc Appoints Richard Howes as Director with Effect from 1 September 2022

Bunzl plc Announces Appointment of Dr. Pamela Kirby as Non-Executive Director and as Member of the Remuneration, Audit, Nomination and Board Sustainability Committees

Recent updates

Bunzl plc (LSE:BNZL) completed the acquisition of Nisbets Plc.

Upcoming dividend of UK£0.50 per share

Bunzl plc Provides Earnings Guidance for the Year 2024

Bunzl plc to Report First Half, 2024 Results on Aug 27, 2024

Final dividend increased to UK£0.50

Bunzl plc (LSE:BNZL) signed an agreement to acquire Pamark Business Oy.

Full year 2023 earnings released: EPS: UK£1.57 (vs UK£1.42 in FY 2022)

Bunzl plc (LSE:BNZL) signed an agreement to acquire 80% stake in Nisbets Plc for approximately £340 million.

Bunzl plc Provides Earnings Guidance for the Year 2023

Upcoming dividend of UK£0.18 per share at 2.2% yield

Bunzl plc (LSE:BNZL) acquired Pittman Traffic & Safety Equipment Ltd.

Bunzl plc Reiterates Group Earnings Guidance for the Year 2023

Bunzl plc to Report Q4, 2023 Results on Feb 26, 2024

Bunzl Canada Launches Smart, Environmentally Friendlier Cleaning Chemical Alternatives

Director of Corporate Development recently sold UK£598k worth of stock

Bunzl plc Provides Revenue Guidance for the Year 2023

First half 2023 earnings released: EPS: UK£0.71 (vs UK£0.66 in 1H 2022)

Bunzl plc (LSE:BNZL) acquired Ecotools Onroerend Goed B.V.

Bunzl plc Proposes Interim Dividend, Payable on 3 January 2024

Bunzl plc (LSE:BNZL) acquired Packpro Systems Inc.

Bunzl plc (LSE:BNZL) signed an agreement to acquire Grupo Lanlimp.

New minor risk - Dividend sustainability

Bunzl plc (LSE:BNZL) entered into an agreement to acquire EHM Ltd.

Bunzl plc Provides Earnings Guidance for the First Half and full year fiscal 2023

Bunzl plc (LSE:BNZL) agreed to acquire IndUstria E ComErcio Leal Ltda.

Upcoming dividend of UK£0.45 per share at 2.0% yield

CEO & Executive Director recently sold UK£390k worth of stock

Full year 2022 earnings released: EPS: UK£1.42 (vs UK£1.33 in FY 2021)

Bunzl plc Announces the Appointment of Jacky Simmonds as A Non-Executive Director and as A Member of the Remuneration, Audit, Nomination and Board Sustainability Committees

Bunzl plc (LSE:BNZL) acquired Grupo R Queralto, Sociedad Anonima.

Insufficient new directors

Bunzl plc to Report Fiscal Year 2022 Results on Feb 27, 2023

Bunzl plc (LSE:BNZL) acquired Vm Footwear s.r.o.

Bunzl plc Provides Group Earnings Guidance for the Year 2022 and 2023

Bunzl plc Provides Earnings Guidance for the Year 2022

First half 2022 earnings released: EPS: UK£0.66 (vs UK£0.63 in 1H 2021)

Bunzl plc Recommends Interim Dividend for the Six Months Ended June 30, 2022, Payable on 4 January 2023

Bunzl plc (LSE:BNZL) acquired London Catering And Hygiene Solutions Limited.

Bunzl plc Appoints Richard Howes as Director with Effect from 1 September 2022

Bunzl plc Announces Appointment of Dr. Pamela Kirby as Non-Executive Director and as Member of the Remuneration, Audit, Nomination and Board Sustainability Committees

Bunzl plc Provides Revenue Guidance for the Six Months Ending 30 June 2022 and for the Year 2022

Bunzl plc (LSE:BNZL) acquired USL Medical.

Bunzl plc to Report First Half, 2022 Results on Aug 30, 2022

Upcoming dividend of UK£0.41 per share

CEO & Executive Director recently sold UK£340k worth of stock

Full year 2021 earnings: Revenues in line with analyst expectations

Bunzl plc Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 4 July 2022

Now 20% undervalued

Bunzl plc Announces Resignation of Maria Fernanda Mejía as Non-Executive Director of the Company

Bunzl plc (LSE:BNZL) acquired Tingley Rubber Corporation.

Bunzl plc Provides Group Revenue Guidance for the Year 2021

Upcoming dividend of UK£0.16 per share

Bunzl plc (LSE:BNZL) acquired Medshop Australia.

First half 2021 earnings released: EPS UK£0.63 (vs UK£0.56 in 1H 2020)

Bunzl plc (LSE:BNZL) acquired Proin Pinilla SL.

Bunzl plc (LSE:BNZL) acquired Harvey Distributors.

Bunzl plc (LSE:BNZL) entered into an agreement to acquire Obex Medical Holdings.

Upcoming dividend of UK£0.38 per share

Bunzl plc Provides Earnings Guidance for the Full Year 2021

Full year 2020 earnings released: EPS UK£1.29 (vs UK£1.05 in FY 2019)

Bunzl plc (LSE:BNZL) acquired Disposable Discounter.

Full year 2020 earnings released: EPS UK£1.29 (vs UK£1.05 in FY 2019)

Revenue beats expectations

New 90-day low: UK£22.27

Bunzl plc to Report Fiscal Year 2020 Results on Mar 01, 2021

New 90-day low: UK£22.85

Bunzl plc Appoints Maria Fernanda Mejía as Non-Executive Director, Effective 23 December 2020

Bunzl plc (LSE:BNZL) acquired Snelling Paper & Sanitation Ltd recently.

Bunzl plc (LSE:BNZL) entered into an agreement to acquire Sp Equipamentos De ProteCAo Ao Trabalho E Mro Ltda for approximately BRL 140 million.