FLSmidth Management

Management criteria checks 4/4

FLSmidth's CEO is Mikko Keto, appointed in Jan 2022, has a tenure of 3.17 years. total yearly compensation is DKK22.24M, comprised of 37.4% salary and 62.6% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth DKK3.10M. The average tenure of the management team and the board of directors is 3.2 years and 4.2 years respectively.

Key information

Mikko Keto

Chief executive officer

DKK 22.2m

Total compensation

CEO salary percentage37.4%
CEO tenure3.2yrs
CEO ownership0.02%
Management average tenure3.2yrs
Board average tenure4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mikko Keto's remuneration changed compared to FLSmidth's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024DKK 22mDKK 8m

DKK 1b

Sep 30 2024n/an/a

DKK 837m

Jun 30 2024n/an/a

DKK 826m

Mar 31 2024n/an/a

DKK 767m

Dec 31 2023DKK 24mDKK 8m

DKK 678m

Sep 30 2023n/an/a

DKK 426m

Jun 30 2023n/an/a

DKK 321m

Mar 31 2023n/an/a

DKK 344m

Dec 31 2022DKK 16mDKK 8m

DKK 369m

Compensation vs Market: Mikko's total compensation ($USD3.24M) is about average for companies of similar size in the UK market ($USD3.11M).

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


CEO

Mikko Keto (57 yo)

3.2yrs

Tenure

DKK 22,241,000

Compensation

Mr. Mikko Keto served as President of Mining Industry at FLSmidth & Co. A/S since January 2021 until January 1, 2022 and serves as Group Chief Executive Officer since January 1, 2022. Mr. Keto has been emp...


Leadership Team

NamePositionTenureCompensationOwnership
Mikko Keto
Group Chief Executive Officer3.2yrsDKK 22.24m0.016%
DKK 3.1m
Roland Andersen
Group Chief Financial Officer4.7yrsDKK 12.93m0.040%
DKK 7.9m
Mikko Tepponen
COO & Chief Digital Officer1.6yrsno data0.0051%
DKK 1.0m
Jannick Denholt
Head of Investor Relationsno datano datano data
Cori Petersen
Chief People & Sustainability Officer6.9yrsno data0.0067%
DKK 1.3m
Deon de Kock
Presidentno datano datano data
Patrick Turner
President of Pumps1.2yrsno datano data
Claudio Bernal
President of Region South America5.2yrsno datano data
Tamer Eid
President of Region Australia4.5yrsno datano data
Marnus Fick
President of Region North America3.1yrsno datano data
Wouter de Groot
Head of Sustainabilityno datano datano data
Christopher Ashworth
President of FLSmidth Cement1.4yrsno datano data

3.2yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 0OJA's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tom Knutzen
Independent Chairman13yrsDKK 1.43m0.088%
DKK 17.4m
Thrasyvoulos Moraitis
Independent Director6yrsDKK 930.00k0.0018%
DKK 348.7k
Mads Nipper
Independent Vice Chairman3yrsDKK 950.00k0.0022%
DKK 426.0k
Anna Hyvonen
Directorless than a yearDKK 435.00kno data
Daniel Reimann
Independent Director2yrsDKK 725.00kno data
Anne Eberhard
Independent Director8yrsDKK 775.00k0.0035%
DKK 697.4k
Claus Østergaard
Employee-Elected Member9.2yrsDKK 475.00k0.00075%
DKK 148.6k
Leif Gundtoft
Employee-Elected Member4.2yrsDKK 475.00k0.00023%
DKK 45.6k
Carsten Hansen
Employee-Elected Member4.2yrsDKK 600.00k0.000090%
DKK 17.8k

4.2yrs

Average Tenure

61yo

Average Age

Experienced Board: 0OJA's board of directors are considered experienced (4.2 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/13 21:50
End of Day Share Price 2025/03/13 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FLSmidth & Co. A/S is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Xin WangBarclays
Ling ZhangBNP Paribas Exane