De La Rue Management

Management criteria checks 3/4

De La Rue's CEO is Clive Vacher, appointed in Oct 2019, has a tenure of 4.5 years. total yearly compensation is £542.00K, comprised of 88% salary and 12% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth £247.35K. The average tenure of the management team and the board of directors is 4.5 years and 1.6 years respectively.

Key information

Clive Vacher

Chief executive officer

UK£542.0k

Total compensation

CEO salary percentage	88.0%
CEO tenure	4.5yrs
CEO ownership	0.2%
Management average tenure	4.5yrs
Board average tenure	1.6yrs

Recent management updates

Recent updates

Optimistic Investors Push De La Rue plc (LON:DLAR) Shares Up 27% But Growth Is Lacking

Dec 18

We're Not Counting On De La Rue (LON:DLAR) To Sustain Its Statutory Profitability

Jan 18

De La Rue's(LON:DLAR) Share Price Is Down 73% Over The Past Three Years.

Dec 31

Here's Why De La Rue (LON:DLAR) Has A Meaningful Debt Burden

Dec 14

De La Rue plc's (LON:DLAR) Intrinsic Value Is Potentially 96% Above Its Share Price

Nov 27

Does De La Rue (LON:DLAR) Have A Healthy Balance Sheet?

Jul 07

CEO Compensation Analysis

How has Clive Vacher's remuneration changed compared to De La Rue's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-UK£43m
Jun 30 2023	n/a	n/a	-UK£50m
Mar 25 2023	UK£542k	UK£477k	-UK£56m
Dec 25 2022	n/a	n/a	-UK£35m
Sep 24 2022	n/a	n/a	-UK£13m
Jun 24 2022	n/a	n/a	UK£4m
Mar 26 2022	UK£792k	UK£464k	UK£21m
Dec 26 2021	n/a	n/a	UK£18m
Sep 25 2021	n/a	n/a	UK£14m
Jun 25 2021	n/a	n/a	UK£10m
Mar 27 2021	UK£1m	UK£450k	UK£6m
Dec 27 2020	n/a	n/a	UK£27m
Sep 26 2020	n/a	n/a	UK£47m
Jun 26 2020	n/a	n/a	UK£41m
Mar 28 2020	UK£495k	UK£220k	UK£34m

Compensation vs Market: Clive's total compensation ($USD674.59K) is about average for companies of similar size in the UK market ($USD742.85K).

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

CEO

Clive Vacher (53 yo)

4.5yrs

Tenure

UK£542,000

Compensation

Mr. Clive Graham Vacher serves as Chief Executive Officer and Executive Director of De La Rue Plc since October 7, 2019. Mr. Vacher was the Chief Executive Officer, President at Dynex Power Inc. Mr. Vacher...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Clive Vacher	CEO & Executive Director	4.5yrs	UK£542.00k	0.15% £ 247.3k
Ruth Euling	Managing Director of Currency & Executive Director	4.5yrs	UK£302.00k	0.044% £ 69.7k
Dean Moore	Interim CFO & Director	less than a year	no data	no data
Bryan Gray	Chief Operating Officer	6.8yrs	no data	no data
Louise Rich	Head of Investor Relations	no data	no data	no data
Jon Messent	General Counsel & Company Secretary	less than a year	no data	no data
Clare Williams	Group Communications Manager	no data	no data	no data
Keith Brown	Managing Director of Currency	13.7yrs	no data	no data
David Sharratt	Managing Director of Authentication	1.6yrs	no data	no data
Matthew Rose	Director of Tax	no data	no data	no data
Andrew Clint	Member of Risk Committee	no data	no data	no data

4.5yrs

Average Tenure

59yo

Average Age

Experienced Management: DLAR's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Clive Vacher	CEO & Executive Director	4.5yrs	UK£542.00k	0.15% £ 247.3k
Ruth Euling	Managing Director of Currency & Executive Director	3yrs	UK£302.00k	0.044% £ 69.7k
Dean Moore	Interim CFO & Director	less than a year	no data	no data
Nicholas Paul Bray	Senior Independent Director	7.8yrs	UK£60.00k	0% £ 0
Brian Small	Non-Executive Director	less than a year	no data	no data
Clive Whiley	Non-Executive Chairman of the Board	less than a year	no data	0.10% £ 163.2k
Mark Hoad	Independent Non-Executive Director	1.6yrs	UK£26.00k	0.026% £ 40.8k

1.6yrs

Average Tenure

59yo

Average Age

Experienced Board: DLAR's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

De La Rue Management

Management criteria checks 3/4

Key information

Recent management updates

De La Rue plc Announces Executive Changes, Effective September 8, 2023

De La Rue plc Appoints Brian Small as A Non-Executive Director to the Board, Effective 8 September 2023

De La Rue plc Appoints Dean Moore as Executive Director

De La Rue plc, Annual General Meeting, Sep 07, 2023

Dean Moore Joins as Non-Executive Director of De La Rue plc

De La Rue plc Announces Margaret Rice-Jones Declines Re-Election

Recent updates

First half 2024 earnings released: UK£0.062 loss per share (vs UK£0.13 loss in 1H 2023)

Optimistic Investors Push De La Rue plc (LON:DLAR) Shares Up 27% But Growth Is Lacking

De La Rue plc to Report Q2, 2024 Results on Dec 19, 2023

De La Rue plc Announces Executive Changes, Effective September 8, 2023

De La Rue plc Appoints Brian Small as A Non-Executive Director to the Board, Effective 8 September 2023

De La Rue plc Appoints Dean Moore as Executive Director

De La Rue plc, Annual General Meeting, Sep 07, 2023

Consensus EPS estimates fall by 318%

New major risk - Share price stability

Full year 2023 earnings released: UK£0.29 loss per share (vs UK£0.11 profit in FY 2022)

Dean Moore Joins as Non-Executive Director of De La Rue plc

De La Rue plc Announces Margaret Rice-Jones Declines Re-Election

De La Rue plc Announces Resignation of Catherine Ashton as a Director

De La Rue plc Announces Board Changes

Consensus EPS estimates fall by 10%

De La Rue plc Announces Rob Harding Steps Down as Director

De La Rue (LON:DLAR) Has No Shortage Of Debt

Crystal Amber Provides Information to the Shareholders

First half 2023 earnings released: UK£0.13 loss per share (vs UK£0.049 profit in 1H 2022)

Should You Investigate De La Rue plc (LON:DLAR) At UK£0.77?

Price target decreased to UK£1.48

Less than half of directors are independent

De La Rue Plc Response to Crystal Amber's Open Letter

De La Rue plc to Report First Half, 2023 Results on Nov 23, 2022

De La Rue plc Appoints Mark Hoad as A Non-Executive Director, Effective from 29 September 2022

De La Rue plc Announces Appointment of David Sharratt as Managing Director with Effect from 12 September 2022

Consensus forecasts updated

De La Rue plc, Annual General Meeting, Jul 27, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

At UK£1.00, Is It Time To Put De La Rue plc (LON:DLAR) On Your Watch List?

Price target decreased to UK£1.83

High number of new directors

Consensus EPS estimates fall by 31%

Investor sentiment deteriorated over the past week

First half 2022 earnings: EPS and revenues exceed analyst expectations

De La Rue Provide Revenue Guidance for Fiscal Year 2021-2022

A Look At The Fair Value Of De La Rue plc (LON:DLAR)

Calculating The Intrinsic Value Of De La Rue plc (LON:DLAR)

Full year 2021 earnings released: EPS UK£0.037 (vs UK£0.33 in FY 2020)

Investor sentiment improved over the past week

A Look At The Intrinsic Value Of De La Rue plc (LON:DLAR)

New 90-day high: UK£1.77

What Is The Ownership Structure Like For De La Rue plc (LON:DLAR)?

Have Insiders Been Buying De La Rue plc (LON:DLAR) Shares?

Analysts update estimates

De La Rue plc to Report Fiscal Year 2021 Results on May 26, 2021

We're Not Counting On De La Rue (LON:DLAR) To Sustain Its Statutory Profitability

De La Rue's(LON:DLAR) Share Price Is Down 73% Over The Past Three Years.

Here's Why De La Rue (LON:DLAR) Has A Meaningful Debt Burden

Analysts update estimates

First half 2021 earnings released: EPS UK£0.01

De La Rue plc's (LON:DLAR) Intrinsic Value Is Potentially 96% Above Its Share Price

New 90-day high: UK£1.71

Market bids up stock over the past week

New 90-day high: UK£1.69

De La Rue plc Appoints Rob Harding as Chief Financial Officer

De La Rue plc Announces Appointment of Rt Hon Baroness Catherine Ashtonand Margaret Rice-Jones as Non-executive Directors

Price target raised to UK£1.75

De La Rue plc has completed a Follow-on Equity Offering in the amount of £100 million.

Does De La Rue (LON:DLAR) Have A Healthy Balance Sheet?

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure