Kingspan Group Management

Management criteria checks 3/4

Kingspan Group's CEO is Gene Murtagh, appointed in Jan 2005, has a tenure of 19.83 years. total yearly compensation is €4.21M, comprised of 22.7% salary and 77.3% bonuses, including company stock and options. directly owns 0.59% of the company’s shares, worth €77.33M. The average tenure of the management team and the board of directors is 8.3 years and 6 years respectively.

Key information

Gene Murtagh

Chief executive officer

€4.2m

Total compensation

CEO salary percentage	22.7%
CEO tenure	19.8yrs
CEO ownership	0.6%
Management average tenure	8.3yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gene Murtagh's remuneration changed compared to Kingspan Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€626m
Mar 31 2024	n/a	n/a	€633m
Dec 31 2023	€4m	€956k	€640m
Sep 30 2023	n/a	n/a	€624m
Jun 30 2023	n/a	n/a	€607m
Mar 31 2023	n/a	n/a	€602m
Dec 31 2022	€3m	€928k	€598m
Sep 30 2022	n/a	n/a	€611m
Jun 30 2022	n/a	n/a	€623m
Mar 31 2022	n/a	n/a	€589m
Dec 31 2021	€6m	€888k	€554m
Sep 30 2021	n/a	n/a	€512m
Jun 30 2021	n/a	n/a	€469m
Mar 31 2021	n/a	n/a	€422m
Dec 31 2020	€3m	€888k	€374m
Sep 30 2020	n/a	n/a	€359m
Jun 30 2020	n/a	n/a	€345m
Mar 31 2020	n/a	n/a	€357m
Dec 31 2019	€4m	€870k	€369m
Sep 30 2019	n/a	n/a	€362m
Jun 30 2019	n/a	n/a	€355m
Mar 31 2019	n/a	n/a	€343m
Dec 31 2018	€2m	€828k	€331m
Sep 30 2018	n/a	n/a	€314m
Jun 30 2018	n/a	n/a	€296m
Mar 31 2018	n/a	n/a	€290m
Dec 31 2017	€2m	€770k	€284m

Compensation vs Market: Gene's total compensation ($USD4.45M) is about average for companies of similar size in the UK market ($USD5.77M).

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

CEO

Gene Murtagh (52 yo)

19.8yrs

Tenure

€4,213,000

Compensation

Mr. Gene M. Murtagh has been the Chief Executive Officer of Kingspan Group PLC since January 2005. Mr. Murtagh served as the Chief Operating Officer of Kingspan Group plc from 2003 to 2005. He served as th...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gene Murtagh	CEO & Executive Director	19.8yrs	€4.21m	0.59% € 77.3m
Geoff Doherty	Group CFO & Executive Director	13.8yrs	€2.61m	0.14% € 18.2m
Russell Shiels	President of Insulated Panel Business Americas	no data	€2.64m	0.12% € 16.2m
Gilbert McCarthy	MD of Insulated Panels businesses - UK	15.3yrs	€2.17m	0.16% € 20.3m
Catriona Nicholson	Head of Investor Relations	no data	no data	no data
Lorcan Dowd	Head of Legal & Group Company Secretary	19.3yrs	no data	0.0020% € 263.1k
Pat Freeman	Managing Director of Water & Energy Division	no data	no data	no data
Donal Curtin	Managing Director of Roofing & Waterproofing Division	2.3yrs	no data	no data
Liam McDaniel	Divisional Managing Director of Light	1.3yrs	no data	no data
Alan Lawlor	Managing Director of Insulation Division	no data	no data	no data
Keara Dunne	Group Head of Leadership Development	2.8yrs	no data	no data
Dominic Van den Bossche	Divisional Managing Director of Joris Ide Insulated Panels	2.8yrs	no data	no data

8.3yrs

Average Tenure

52yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Gene Murtagh	CEO & Executive Director	25yrs	€4.21m	0.59% € 77.3m
Geoff Doherty	Group CFO & Executive Director	13.8yrs	€2.61m	0.14% € 18.2m
Russell Shiels	President of Insulated Panel Business Americas	27.9yrs	€2.64m	0.12% € 16.2m
Gilbert McCarthy	MD of Insulated Panels businesses - UK	13.2yrs	€2.17m	0.16% € 20.3m
Eugene Murtagh	President Emeritus	3.6yrs	€64.00k	14.85% € 1.9b
Anne Heraty	Independent Non-Executive Director	5.3yrs	€75.00k	0.0012% € 161.5k
Jost Massenberg	Independent Non-Executive Chairman	6.8yrs	€350.00k	0.00055% € 71.6k
Paul Murtagh	Non-Executive Director	3.6yrs	€75.00k	no data
Louise Phelan	Independent Non-Executive Director	1.6yrs	€50.00k	no data
Linda Hickey	Senior Independent Director	11.4yrs	€105.00k	0.0027% € 358.1k
Eimear Moloney	Independent Non-Executive Director	3.6yrs	€75.00k	0.0011% € 143.3k
Senan Murphy	Independent Non-Executive Director	2.1yrs	€85.00k	no data

6.0yrs

Average Tenure

56yo

Average Age

Experienced Board: 0KGP's board of directors are considered experienced (6 years average tenure).

Kingspan Group Management

Management criteria checks 3/4

Key information

Recent management updates

Kingspan Group plc, Annual General Meeting, Apr 26, 2024

High number of new directors

Group CFO & Executive Director recently sold €625k worth of stock

Kingspan Group plc Announces Appointment of Louise Phelan as an Independent Non-Executive Director, Effective from 28 April 2023

Kingspan Group plc Announces Appointment of Louise Phelan as an Independent Non-Executive Director, Effective from 28 April 2023

Independent Non-Executive Director recently bought €152k worth of stock

Recent updates

Kingspan Group plc (ISE:KRX) acquired 51% stake in Villalba S.A.

Kingspan Group plc (ISE:KRX) acquired an additional 26.5% stake in Nordic Waterproofing Holding AB (publ) (OM:NWG).

Kingspan Group plc (ISE:KRX) agreed to acquire IB Roof Systems, Inc. from Jason Stanley.

Kingspan Group plc to Report First Half, 2024 Results on Aug 16, 2024

Kingspan Group plc, Annual General Meeting, Apr 26, 2024

Kingspan Group plc (ISE:KRX) signed a series of agreements to acquire Stonewool insulation business and assets of Karl Bachl Kunststoffverarbeitung GmbH & Co. KG.

Kingspan Group plc to Report Fiscal Year 2023 Results on Feb 16, 2024

Kingspan Tables Takeover Offer for Nordic Waterproofing

Kingspan Says Takeover Talks with Carlisle No Longer Active

Kingspan Group Delist its Ordinary Shares on the Official List of the London Stock Exchange

First half 2023 earnings released: EPS: €1.75 (vs €1.71 in 1H 2022)

Kingspan Group plc Declares Interim Dividend in Respect of 2023, Payable on 13 October 2023

Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million.

New minor risk - Share price stability

Investor sentiment improves as stock rises 22%

Price target decreased by 9.9% to €64.00

High number of new directors

Upcoming dividend of €0.24 per share at 0.9% yield

Group CFO & Executive Director recently sold €625k worth of stock

Full year 2022 earnings released: EPS: €3.30 (vs €3.06 in FY 2021)

Kingspan Group plc Announces Appointment of Louise Phelan as an Independent Non-Executive Director, Effective from 28 April 2023

Kingspan Group plc Announces Appointment of Louise Phelan as an Independent Non-Executive Director, Effective from 28 April 2023

Now 21% undervalued after recent price drop

Now 17% undervalued

Price target decreased to €95.00

Investor sentiment improved over the past week

Kingspan Group plc to Report First Half, 2023 Results on Aug 18, 2023

Kingspan Group plc (ISE:KRX) acquired ONDURA, SAS for €550 million

Upcoming dividend of €0.26 per share

First half 2022 earnings released: EPS: €1.71 (vs €1.32 in 1H 2021)

Kingspan Group plc Declares Interim Dividend in Respect of 2022, Payable on 7 October 2022

Price target decreased to €95.00

Investor sentiment deteriorated over the past week

Independent Non-Executive Director recently bought €152k worth of stock

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Price target increased to €127

An unknown Buyer acquired Russian business of Kingspan from Kingspan Group plc (ISE:KRX).

Upcoming dividend of €0.26 per share

Full year 2021 earnings: EPS misses analyst expectations

Kingspan Group plc (ISE:KRX) agreed to acquire Troldtekt A/s.

Kingspan Reportedly Withdraws from Acquisition of Trimo

Upcoming dividend of €0.20 per share

First half 2021 earnings released: EPS €1.32 (vs €0.80 in 1H 2020)

Kingspan Group plc (ISE:KRX) completed the acquisition LOGSTOR A/S from Triton Fund III managed by Triton.

Kingspan Group plc Provides Earnings Guidance for the First Half of 2021

Independent Non-Executive Director has left the company

Price target increased to €79.00

Upcoming Dividend of €0.21 Per Share

Full year 2020 earnings released: EPS €2.06 (vs €2.05 in FY 2019)

Revenue beats expectations

Investor sentiment improved over the past week

Kingspan Group plc Announces Director Appointments, Effective from 30 April 2021

New 90-day low: €57.30

Price target raised to €65.50

Investor sentiment improved over the past week

New 90-day low: €57.70

Kingspan Group plc Announces Directorate Change

Investor sentiment deteriorated over the past week

New 90-day low: €65.75

Kingspan Group plc, Annual General Meeting, Apr 30, 2021

New 90-day high: €82.80

New 90-day high: €78.50

New 90-day high - €73.25

Price target raised to €58.50

New 90-day high - €70.45

Earnings released

Kingspan Group plc (ISE:KRX) signed a definitive agreement to acquire Trimo d.d. from Innova Capital Sp. z o.o.

Kingspan Group plc (ISE:KRX) completed the acquisition of WeGo FloorTec GmbH.