Thales Management

Management criteria checks 4/4

Thales' CEO is Patrice Caine, appointed in Dec 2014, has a tenure of 9.33 years. total yearly compensation is €2.86M, comprised of 29.7% salary and 70.3% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth €3.62M. The average tenure of the management team and the board of directors is 8.3 years and 11.3 years respectively.

Key information

Patrice Caine

Chief executive officer

€2.9m

Total compensation

CEO salary percentage	29.7%
CEO tenure	9.3yrs
CEO ownership	0.01%
Management average tenure	8.3yrs
Board average tenure	11.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrice Caine's remuneration changed compared to Thales's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€3m	€850k	€949m
Sep 30 2023	n/a	n/a	€1b
Jun 30 2023	n/a	n/a	€1b
Mar 31 2023	n/a	n/a	€1b
Dec 31 2022	€3m	€850k	€1b
Sep 30 2022	n/a	n/a	€1b
Jun 30 2022	n/a	n/a	€1b
Mar 31 2022	n/a	n/a	€1b
Dec 31 2021	€2m	€800k	€971m
Jun 30 2021	n/a	n/a	€773m
Mar 31 2021	n/a	n/a	€607m
Dec 31 2020	€2m	€784k	€441m
Sep 30 2020	n/a	n/a	€557m
Jun 30 2020	n/a	n/a	€630m
Mar 31 2020	n/a	n/a	€876m
Dec 31 2019	€2m	€800k	€1b
Sep 30 2019	n/a	n/a	€1b
Jun 30 2019	n/a	n/a	€1b
Mar 31 2019	n/a	n/a	€1b
Dec 31 2018	€2m	€700k	€982m
Sep 30 2018	n/a	n/a	€910m
Jun 30 2018	n/a	n/a	€838m
Mar 31 2018	n/a	n/a	€759m
Dec 31 2017	€2m	€700k	€680m

Compensation vs Market: Patrice's total compensation ($USD3.06M) is below average for companies of similar size in the UK market ($USD5.62M).

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

CEO

Patrice Caine (53 yo)

9.3yrs

Tenure

€2,858,700

Compensation

Mr. Patrice Caine has been the Chairman and Chief Executive Officer of Thales SA since December 23, 2014. In 2002, Mr. Caine joined the Thales Group's Strategy department before being appointed to manage t...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrice Caine	Chairman & CEO	9.3yrs	€2.86m	0.011% € 3.6m
Philippe Knoche	Senior Executive Vice President of Operations & Performance	less than a year	€26.72k	0% € 0
Pascal Bouchiat	Senior EVP of Finance & Information Systems and CFO	no data	no data	no data
Jean-Claude Climeau	Head of Group Treasury & Corporate Finance and Vice President	8.2yrs	no data	no data
Philippe Keryer	Executive Vice President of Strategy	8.3yrs	no data	no data
Marko Erman	Senior VP & Chief Scientific Officer	no data	no data	no data
Alexandra Boucheron	VP & Head of IR	no data	no data	no data
Isabelle Simon	Executive VP	9yrs	no data	no data
Peggy Nahmany	Executive Vice President of Communications	less than a year	no data	no data
Pierre Schaeffer	Chief Marketing Officer & Senior VP	9.6yrs	no data	no data
Clement de Villepin	Senior Executive Vice President of Human Resources	3yrs	no data	no data
Pascale Sourisse	Senior Executive Vice President of International Development	17.3yrs	no data	no data

8.3yrs

Average Tenure

54yo

Average Age

Experienced Management: 0IW5's management team is seasoned and experienced (8.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrice Caine	Chairman & CEO	9.3yrs	€2.86m	0.011% € 3.6m
Bernard Fontana	Director	6.3yrs	€33.58k	no data
Charles Edelstenne	Director	14.9yrs	€38.45k	0.00025% € 81.8k
Loik Segalen	Director	14.9yrs	€37.00k	0.00025% € 81.8k
Anne-Claire Taittinger	Independent Director	11.9yrs	€41.50k	0.00030% € 98.2k
Marie-Françoise Walbaum	Director	10.6yrs	€35.75k	0.00024% € 78.6k
Eric Trappier	Director	14.9yrs	€38.25k	0.00024% € 78.6k
Philippe Lepinay	Representative Director	17yrs	€38.45k	0.00049% € 160.4k
Loic Rocard	Independent Director	less than a year	€6.86k	0.00024% € 78.6k
Ann Taylor	Independent Director	11.9yrs	€28.45k	0.00024% € 78.6k
Delphine Geny-Stephann	Director	2.9yrs	€28.26k	0.00010% € 32.7k
Anne-Marie Hunot-Schmit	Employee Representative Director	7.3yrs	€44.50k	0.000090% € 29.5k

11.3yrs

Average Tenure

63yo

Average Age

Experienced Board: 0IW5's board of directors are seasoned and experienced ( 11.3 years average tenure).

Thales Management

Management criteria checks 4/4

Key information

Recent management updates

Thales S.A. Announces Management Changes

Thales Appoints Abdelhafid Mordi as CEO in UAE and CEO of Thales Emarat Technologies

Thales S.A., Annual General Meeting, May 15, 2024

Thales Announces Appointment of Loic Rocard to the Board of Directors

Thales Announces the Appointment of Fabien Bortoluzzi as Managing Director of Thales Operations in Western & Central Africa

Thales Appoints Emily Tan as Country Director for Thales Singapore

Recent updates

Full year 2023 earnings released: EPS: €4.55 (vs €5.25 in FY 2022)

Thales S.A. (ENXTPA:HO) completed the acquisition of Cobham Aerospace Communications from Cobham Limited.

Final dividend increased to €2.60

Full year 2023 earnings released: EPS: €4.55 (vs €5.25 in FY 2022)

Thales and Quantinuum Launch Starter Kit to Help Enterprises Prepare for Post-Quantum Cryptography Changes Ahead

Thales S.A. Announces Management Changes

Thales S.A. (ENXTPA:HO) completed the acquisition of Imperva, Inc. from Thoma Bravo, L.P.

Thales S.A. to Report First Half, 2024 Results on Jul 22, 2024

Upcoming dividend of €0.80 per share at 2.1% yield

Thales Appoints Abdelhafid Mordi as CEO in UAE and CEO of Thales Emarat Technologies

Thales S.A., Annual General Meeting, May 15, 2024

Thales Announces Appointment of Loic Rocard to the Board of Directors

Thales Announces the Appointment of Fabien Bortoluzzi as Managing Director of Thales Operations in Western & Central Africa

Now 21% undervalued

Thales Launches Cloud-Based Payment HSM Service to Help Accelerate Adoption of Cloud Payments Infrastructure

Thales S.A. (ENXTPA:HO) entered into agreement to acquire Imperva, Inc. from Thoma Bravo, L.P. for an enterprise value of $3.6 billion.

First half 2023 earnings released: EPS: €2.97 (vs €2.61 in 1H 2022)

Thales S.A. Sales Earnings Guidance for the Fiscal Year 2023

Thales Announces to Expand Scope of Security Monitoring and Include New Assets in G2G System

Thales Announces CipherTrust Data Security Platform As-A-Service

Now 20% undervalued

Upcoming dividend of €2.24 per share at 2.1% yield

Now 20% undervalued

Full year 2022 earnings released: EPS: €5.25 (vs €4.56 in FY 2021)

Now 21% undervalued

Thales Reinforces Its Border & Travel Offer with the New Multimodal Biometric Pod

Upcoming dividend of €0.70 per share

Thales S.A. to Report First Half, 2023 Results on Jul 21, 2023

Thales Encryption Key Management Innovations Help Organizations Achieve Digital Sovereignty Across Hybrid and Multi-Cloud Environments

Thales S.A. (ENXTPA:HO) completed the acquisition of Maxive Cybersecurity from Sonae Investment Management - Software & Technology, SGPS, S.A.

Thales Announces Interim Dividend for the 2022 Financial Year, Payable on December 8, 2022

Safran to Acquire Thales' Aeronautical Electrical Systems Activities

Thales Appoints Emily Tan as Country Director for Thales Singapore

First half 2022 earnings released: EPS: €2.61 (vs €1.86 in 1H 2021)

Thales S.A. (ENXTPA:HO) signed an agreement to acquire OneWelcome B.V. for €100 million.

Thales S.A. Appoints Jeff Connolly as CEO

Thales Launches HELIXVIEW, a Revolutionary Airport Scanner Allowing Passenger to Not Remove Item from Luggage

Thales S.A. Announces the New Cinterion Mv32 Modem Card That Makes It Quicker and Easier for Manufacturers to Build and Maintain Resilient

Thales S.A. (ENXTPA:HO) entered into definitive agreement to acquire Maxive Cybersecurity from Sonae Investment Management - Software & Technology, SGPS, S.A.. for €120 million.

Thales S.A. (ENXTPA:HO) entered into definitive agreement to acquire Maxive Cybersecurity from Sonae Investment Management - Software & Technology, SGPS, S.A.. for €120 million.

Upcoming dividend of €1.96 per share

Thales S.A. (ENXTPA:HO) completed the acquisition of RUAG S&T from RUAG International Holding AG.

Now 20% undervalued

Full year 2021 earnings released: EPS: €4.56 (vs €2.07 in FY 2020)

Now 23% undervalued

Thales S.A. to Report First Half, 2022 Results on Jul 22, 2022

Full year 2021 earnings: Revenues miss analyst expectations

Investor sentiment improved over the past week

Advent Reportedly Gears Up for $4.6 Billion Sale of IDEMIA

Atos' Cybersecurity Arm Is Not Up for Sale

Thales Reportedly to Buy the Cybersecurity Business of Atos SE

Thales Launches New IoT Connectivity Solution with Improved Reliability and Security for Smart Devices

Upcoming dividend of €0.60 per share

Sopra Steria Has Not Made M&A Approach to Atos

Hitachi Rail Limited entered into an agreement Ground Transportation Systems Business from Thales S.A. (ENXTPA:HO) for an enterprise value of €1.7 billion.

Thales Confirms Talks to Sell Ground Systems Unit to Hitachi Rail

First half 2021 earnings released: EPS €2.03 (vs €0.31 in 1H 2020)

Thales S.A. Brings Cinterion IoT Suite Connectivity to Any Cellular Network Worldwide

Thales S.A. (ENXTPA:HO) commences an Equity Buyback Plan, under the authorization approved on May 6, 2021.

OPPO Partners with Thales for World’s First 5G SA-Compatible eSIM

Thales Announces New Solutions to Help Organisations Discover, Protect and Control Sensitive Data in Multicloud Environments

Thales Expands its Access Management Capabilities to Offer A Unified Authentication Platform

Non-Executive Director has left the company

Upcoming dividend of €1.36 per share

Senetas and Thales Launches Quantum Resistant Network Encryption Solution

Full year 2020 earnings released: EPS €2.27 (vs €5.28 in FY 2019)

Thales Brings Contactless Payment Functionalities to Axis Bank’s Wear N Pay Wearables Program

Full year 2020 earnings released: EPS €2.27 (vs €5.28 in FY 2019)

Revenue beats expectations