Ricardo Management

Management criteria checks 3/4

Ricardo's CEO is Tiemann Ritchie, appointed in Oct 2021, has a tenure of 2.58 years. total yearly compensation is £695.00K, comprised of 68.6% salary and 31.4% bonuses, including company stock and options. directly owns 0.085% of the company’s shares, worth £261.43K. The average tenure of the management team and the board of directors is 1.8 years and 4.7 years respectively.

Key information

Tiemann Ritchie

Chief executive officer

UK£695.0k

Total compensation

CEO salary percentage	68.6%
CEO tenure	2.6yrs
CEO ownership	0.08%
Management average tenure	1.8yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

With Ricardo plc (LON:RCDO) It Looks Like You'll Get What You Pay For

Jan 18

Ricardo's (LON:RCDO) Dividend Will Be Increased To £0.0861

Oct 15

Ricardo (LON:RCDO) Has Announced That It Will Be Increasing Its Dividend To £0.0861

Sep 30

An Intrinsic Calculation For Ricardo plc (LON:RCDO) Suggests It's 32% Undervalued

Jun 02

At UK£4.34, Is Ricardo plc (LON:RCDO) Worth Looking At Closely?

Apr 05

Are Investors Undervaluing Ricardo plc (LON:RCDO) By 27%?

Mar 01

Could The Ricardo plc (LON:RCDO) Ownership Structure Tell Us Something Useful?

Feb 02

Would Shareholders Who Purchased Ricardo's (LON:RCDO) Stock Three Years Be Happy With The Share price Today?

Jan 05

Is It Time To Consider Buying Ricardo plc (LON:RCDO)?

Dec 15

Calculating The Intrinsic Value Of Ricardo plc (LON:RCDO)

Nov 24

CEO Compensation Analysis

How has Tiemann Ritchie's remuneration changed compared to Ricardo's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-UK£900k
Sep 30 2023	n/a	n/a	-UK£7m
Jun 30 2023	UK£695k	UK£477k	-UK£12m
Mar 31 2023	n/a	n/a	-UK£11m
Dec 31 2022	n/a	n/a	-UK£10m
Sep 30 2022	n/a	n/a	-UK£950k
Jun 30 2022	UK£811k	UK£353k	UK£8m

Compensation vs Market: Tiemann's total compensation ($USD883.12K) is about average for companies of similar size in the UK market ($USD987.58K).

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

CEO

Tiemann Ritchie (51 yo)

2.6yrs

Tenure

UK£695,000

Compensation

Mr. Graham Ritchie, BA (Econ), ACA, also known as Tiemann, has been Group Chief Executive Officer and Director at Ricardo plc since October 01, 2021. He had been an Executive Vice President of Europe and C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Graham Ritchie	Group CEO & Director	2.6yrs	UK£695.00k	0.085% £ 261.4k
Judith Cottrell	Chief Financial Officer	less than a year	no data	0.027% £ 82.3k
Harpreet Sagoo	Group General Counsel & Company Secretary	1.3yrs	no data	no data
Natasha Perfect	Group Marketing & Communications Director	3.3yrs	no data	0.0028% £ 8.5k
Mike Bell	Chief Strategy & Digital Officer	2.1yrs	no data	0.010% £ 31.4k
Chet Gryczan	Managing Director of Ricardo Defense Inc.	8.3yrs	no data	no data
Clive Wotton	Group Director of Sustainability	2.1yrs	no data	no data
Rachel White	Global President of Clean Energy & Environmental Solutions	1.4yrs	no data	no data
Richard Guest	Managing Director of Performance Products	1.3yrs	no data	no data
Jason O'Donnell	Managing Director of Automotive & Industrial	less than a year	no data	0.00060% £ 1.8k

1.8yrs

Average Tenure

Experienced Management: RCDO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Graham Ritchie	Group CEO & Director	2.6yrs	UK£695.00k	0.085% £ 261.4k
Jack Boyer	Independent Non-Executive Director	4.7yrs	UK£53.00k	no data
Mark Clare	Chairman	1.5yrs	UK£114.00k	0.032% £ 99.0k
Malin Persson	Senior Independent Director	8.3yrs	UK£70.00k	0.0024% £ 7.4k
William Spencer	Independent Non-Executive Director	7.1yrs	UK£61.00k	0.017% £ 51.5k
Russell King	Independent Non-Executive Director	4.7yrs	UK£61.00k	0.0082% £ 25.3k
Laurie Bowen	Independent Non-Executive Director	8.8yrs	UK£117.00k	0.0096% £ 29.7k

4.7yrs

Average Tenure

64yo

Average Age

Experienced Board: RCDO's board of directors are considered experienced (4.7 years average tenure).

Ricardo Management

Management criteria checks 3/4

Key information

Recent management updates

Ricardo plc Announces Resignation of Laurie Bowen as Non-Executive Director

Group CEO & Director recently bought UK£99k worth of stock

Ricardo plc, Annual General Meeting, Nov 14, 2024

Chairman recently bought UK£103k worth of stock

Ricardo plc, Annual General Meeting, Nov 16, 2023

Ricardo Appoints Judith Cottrell and the Board

Recent updates

Ricardo plc Announces Resignation of Laurie Bowen as Non-Executive Director

Group CEO & Director recently bought UK£99k worth of stock

Ricardo plc, Annual General Meeting, Nov 14, 2024

First half dividend increased to UK£0.038

Ricardo plc Declares Interim Dividend, Payable on April 11, 2024

With Ricardo plc (LON:RCDO) It Looks Like You'll Get What You Pay For

Upcoming dividend of UK£0.086 per share at 2.8% yield

Ricardo's (LON:RCDO) Dividend Will Be Increased To £0.0861

Ricardo (LON:RCDO) Has Announced That It Will Be Increasing Its Dividend To £0.0861

Now 22% undervalued after recent price drop

Ricardo plc to Report Q2, 2024 Results on Mar 06, 2024

Chairman recently bought UK£103k worth of stock

Ricardo's (LON:RCDO) Shareholders Will Receive A Bigger Dividend Than Last Year

Ricardo plc Declares Final Dividend, Payable on 24 November 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued after recent price drop

Price target increased by 9.1% to UK£6.34

Ricardo plc, Annual General Meeting, Nov 16, 2023

Ricardo plc to Report Fiscal Year 2023 Results on Sep 13, 2023

Ricardo Appoints Judith Cottrell and the Board

Ricardo's (LON:RCDO) Dividend Will Be Increased To £0.0335

First half 2023 earnings released: UK£0.24 loss per share (vs UK£0.056 profit in 1H 2022)

Now 23% undervalued

Ricardo plc to Report First Half, 2023 Results on Mar 01, 2023

Ricardo plc (LSE:RCDO) acquired 93% stake in E3-Modelling S.A for £24m.

Price target increased by 7.4% to UK£5.47

Now 21% undervalued

Insufficient new directors

Upcoming dividend of UK£0.075 per share

Ricardo (LON:RCDO) Is Increasing Its Dividend To £0.0749

Insufficient new directors

Consensus forecasts updated

Ricardo plc, Annual General Meeting, Nov 17, 2022

Ricardo plc Announces Board Changes

Ricardo (LON:RCDO) Is Increasing Its Dividend To £0.0749

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Ricardo plc Declares Final Dividend, Payable on 25 November 2022

Ricardo plc to Report Fiscal Year 2022 Results on Sep 14, 2022

Group CEO & Director recently bought UK£53k worth of stock

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Consensus forecasts updated

Investor sentiment deteriorated over the past week

Is Ricardo plc (LON:RCDO) Trading At A 37% Discount?

Upcoming dividend of UK£0.029 per share

First half 2022 earnings: EPS misses analyst expectations

Ricardo plc Declares Interim Dividend for the Year 2022, Payable on April 8, 2022

Faster Air Quality Mapping Thanks to Ricardo’s RapidAir Software

Upcoming dividend of UK£0.051 per share

CEO, MD of International Operations & Executive Director David Shemmans has left the company

Full year 2021 earnings released: EPS UK£0.029 (vs UK£0.12 loss in FY 2020)

An Intrinsic Calculation For Ricardo plc (LON:RCDO) Suggests It's 32% Undervalued

At UK£4.34, Is Ricardo plc (LON:RCDO) Worth Looking At Closely?

First half 2021 earnings released: UK£0.027 loss per share (vs UK£0.12 profit in 1H 2020)

Are Investors Undervaluing Ricardo plc (LON:RCDO) By 27%?

Price target raised to UK£5.25

Price target raised to UK£5.08

New 90-day high: UK£4.72

New 90-day high: UK£4.19

Could The Ricardo plc (LON:RCDO) Ownership Structure Tell Us Something Useful?

Dave Shemmans to Leave His Role as Ricardo's Chief Executive Officer

Ricardo plc to Report First Half, 2021 Results on Feb 25, 2021

New 90-day high: UK£4.03

Afc Energy plc Announces Strategic Collaboration with Ricardo plc to Develop Global Applications for Hydrogen Power Generation

Would Shareholders Who Purchased Ricardo's (LON:RCDO) Stock Three Years Be Happy With The Share price Today?

Is It Time To Consider Buying Ricardo plc (LON:RCDO)?

Calculating The Intrinsic Value Of Ricardo plc (LON:RCDO)

Ricardo plc has completed a Follow-on Equity Offering in the amount of £29.34406 million.

Price target lowered to UK£4.63