Spirax-Sarco Engineering Management
Management criteria checks 4/4
Spirax-Sarco Engineering's CEO is Nimesh Patel, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is £795.17K, comprised of 66.6% salary and 33.4% bonuses, including company stock and options. directly owns 0.02% of the company’s shares, worth £1.34M. The average tenure of the management team and the board of directors is 3.3 years and 4.9 years respectively.
Key information
Nimesh Patel
Chief executive officer
UK£795.2k
Total compensation
CEO salary percentage | 66.6% |
CEO tenure | less than a year |
CEO ownership | 0.02% |
Management average tenure | 3.3yrs |
Board average tenure | 4.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Dec 31 2023 | UK£795k | UK£529k | UK£184m |
Sep 30 2023 | n/a | n/a | UK£197m |
Jun 30 2023 | n/a | n/a | UK£211m |
Mar 31 2023 | n/a | n/a | UK£218m |
Dec 31 2022 | UK£2m | UK£503k | UK£225m |
Sep 30 2022 | n/a | n/a | UK£224m |
Jun 30 2022 | n/a | n/a | UK£223m |
Mar 31 2022 | n/a | n/a | UK£229m |
Dec 31 2021 | UK£3m | UK£490k | UK£235m |
Sep 30 2021 | n/a | n/a | UK£220m |
Jun 30 2021 | n/a | n/a | UK£206m |
Mar 31 2021 | n/a | n/a | UK£190m |
Dec 31 2020 | UK£2m | UK£209k | UK£174m |
Compensation vs Market: Nimesh's total compensation ($USD993.78K) is below average for companies of similar size in the UK market ($USD3.41M).
Compensation vs Earnings: Nimesh's compensation has been consistent with company performance over the past year.
CEO
Nimesh Patel (46 yo)
less than a year
Tenure
UK£795,172
Compensation
Mr. Nimesh Balvir Patel, B.sc., served as Chief Financial Officer of Spirax-Sarco Engineering plc since September 11, 2020 until January 16, 2024 and serves as its Executive Director at Spirax-Sarco Engine...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Group Chief Executive & Executive Director | less than a year | UK£795.17k | 0.020% £ 1.3m | |
Interim Chief Financial Officer | less than a year | no data | no data | |
Group General Counsel & Company Secretary | 11.8yrs | no data | 0.0073% £ 479.4k | |
Group Human Resources Director | 8.2yrs | no data | no data | |
Head of Internal Audit | no data | no data | no data | |
Managing Director of Watson-Marlow | 4.3yrs | no data | no data | |
Group Director of Sustainability | 3.8yrs | no data | no data | |
Managing Director of Steam Specialties | 3.3yrs | no data | no data | |
Head of Employee Experience | no data | no data | no data | |
Head of Inclusion | 3.3yrs | no data | no data | |
President of Electric Thermal Solutions Business | 2.3yrs | no data | no data | |
President & GM of Spirax Sarco Engineering(China) Ltd | no data | no data | no data |
3.3yrs
Average Tenure
51yo
Average Age
Experienced Management: SPXL's management team is considered experienced (3.3 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Group Chief Executive & Executive Director | 3.6yrs | UK£795.17k | 0.020% £ 1.3m | |
Independent Chairman of the Board | 9.9yrs | UK£309.00k | 0.015% £ 993.2k | |
Senior Independent Director | 3.1yrs | UK£76.80k | 0.00081% £ 53.6k | |
Independent Non-Executive Director | 4.9yrs | UK£76.80k | 0.0066% £ 439.7k | |
Independent Non-Executive Director | 7.6yrs | UK£76.80k | 0.0086% £ 572.0k | |
Independent Non-Executive Director | 6.1yrs | UK£61.80k | 0.0013% £ 87.9k | |
Independent Non-Executive Board Director | less than a year | UK£25.75k | 0.00041% £ 27.1k | |
Independent Non-Executive Director | 5.1yrs | UK£76.80k | 0.00061% £ 40.3k | |
Independent Non-Executive Director | 3.3yrs | UK£121.18k | 0.00069% £ 45.6k |
4.9yrs
Average Tenure
63yo
Average Age
Experienced Board: SPXL's board of directors are considered experienced (4.9 years average tenure).