SSP Group Management

Management criteria checks 2/4

SSP Group's CEO is Patrick Coveney, appointed in Mar 2022, has a tenure of 2.67 years. total yearly compensation is £2.35M, comprised of 33.4% salary and 66.6% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth £1.52M. The average tenure of the management team and the board of directors is 2.2 years and 4.2 years respectively.

Key information

Patrick Coveney

Chief executive officer

UK£2.3m

Total compensation

CEO salary percentage	33.4%
CEO tenure	2.7yrs
CEO ownership	0.1%
Management average tenure	2.2yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrick Coveney's remuneration changed compared to SSP Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	UK£8m
Dec 31 2023	n/a	n/a	UK£8m
Sep 30 2023	UK£2m	UK£784k	UK£8m
Jun 30 2023	n/a	n/a	UK£10m
Mar 31 2023	n/a	n/a	UK£12m
Dec 31 2022	n/a	n/a	UK£1m
Sep 30 2022	UK£2m	UK£390k	-UK£10m

Compensation vs Market: Patrick's total compensation ($USD2.98M) is above average for companies of similar size in the UK market ($USD2.28M).

Compensation vs Earnings: Patrick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Patrick Coveney (54 yo)

2.7yrs

Tenure

UK£2,348,000

Compensation

Mr. Patrick F. Coveney, B.Comm, M.Phil, D.Phil, serves as Non-Executive Director at Olam Food Ingredients Spain S.L. He has been Group Chief Executive Officer and Director at SSP Group plc since March 31,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Coveney	Group CEO & Director	2.7yrs	UK£2.35m	0.12% £ 1.5m
Jonathan Davies	Deputy CEO	20.8yrs	UK£1.69m	0.22% £ 2.8m
Kelly Charles	Co-Owner	no data	no data	no data
Freseric Emmanuel	Co-Owner	no data	no data	no data
Alexander Olivier	Co-Owner	no data	no data	no data
Jeremy Fennell	Chief Operationg officer	less than a year	no data	no data
Jon Wood	Chief Digital & Technology Officer	less than a year	no data	no data
Fiona Scattergood	Group General Counsel & Company Secretary	1.8yrs	no data	no data
Ann-Marie Murphy	Chief People Officer	less than a year	no data	no data
Sukh Tiwana	Chief Procurement Officer	no data	no data	no data
Mark Angela	Chief Business Development & Strategy Officer and CEO India and EEME	10.6yrs	no data	no data
Michael Svagdis	Chief Executive Officer of SSP North America	10.3yrs	no data	no data

2.2yrs

Average Tenure

59yo

Average Age

Experienced Management: SSPGL's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Coveney	Group CEO & Director	2.7yrs	UK£2.35m	0.12% £ 1.5m
Jonathan Davies	Deputy CEO	10.4yrs	UK£1.69m	0.22% £ 2.8m
Judith Vezmar	Independent Non-Executive Director	4.3yrs	UK£68.00k	0.0052% £ 66.1k
Kelly Kuhn	Independent Non-Executive Director	2.8yrs	UK£55.00k	0.0024% £ 31.2k
Michael Clasper	Independent Chairman of the Board	5yrs	UK£285.00k	0.030% £ 383.1k
Timothy Ralph Lodge	Independent Non-Executive Director	4.1yrs	UK£65.00k	0.0038% £ 48.0k
Carolyn Bradley	Senior Independent Non-Executive Director	6.1yrs	UK£75.00k	0.0039% £ 49.6k
Apurvi Sheth	Independent Non-Executive Director	2.8yrs	UK£56.00k	0.0029% £ 37.5k

4.2yrs

Average Tenure

60yo

Average Age

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

SSP Group Management

Management criteria checks 2/4

Key information

Recent management updates

SSP Group plc Appoints Karina Deacon as Independent Non-Executive Director, Effective 1 January 2025

SSP Group plc, Annual General Meeting, Jan 30, 2024

Ssp Group Appoints Ann-Marie Murphy as Chief People Officer

SSP Group plc, Annual General Meeting, Feb 16, 2023

High number of new directors

High number of new directors

Recent updates

SSP Group plc Appoints Karina Deacon as Independent Non-Executive Director, Effective 1 January 2025

Ssp Group plc Provides Earnings Guidance for the Year Ended September 30, 2024

First half 2024 earnings released: UK£0.013 loss per share (vs UK£0.013 loss in 1H 2023)

SSP Group plc (LSE:SSPG) agreed to acquire Airport Retail Enterprises Pty Limited.

SSP Group plc Approves the Final Dividend for the Financial Year Ended 30 September 2023, Payable on 29 February 2024

SSP Group plc to Report First Half, 2024 Results on May 21, 2024

Upcoming dividend of UK£0.025 per share at 1.1% yield

Now 20% undervalued

SSP Group plc, Annual General Meeting, Jan 30, 2024

SSP Group plc (LSE:SSPG) acquired ECG Ventures Ltd.

SSP Group plc to Report Fiscal Year 2023 Final Results on Dec 19, 2023

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: UK£0.01 (vs UK£0.013 loss in FY 2022)

Ssp Group Appoints Ann-Marie Murphy as Chief People Officer

Now 21% undervalued after recent price drop

SSP Group plc to Report Fiscal Year 2023 Results on Dec 05, 2023

SSP Group plc Revises Earnings Guidance for the Full Year Ending 30 September 2023

French Competition Authority Announces Decision on Aéroports de Paris and Select Service Partner to Form Joint Venture

French Competition Authority Announces Decision on Aéroports de Paris and Select Service Partner to Form Joint Venture

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

SSP Group plc Provides Earnings Guidance for the Fiscal Year 2023 and 2024

First half 2023 earnings released: UK£0.013 loss per share (vs UK£0.041 loss in 1H 2022)

SSP Group plc (LSE:SSPG) agreed to acquire Midfield concessions business from Midfield Concession Enterprises, Inc.

SSP Group plc to Report Fiscal Year 2022 Final Results on Feb 16, 2023

Full year 2022 earnings released: UK£0.013 loss per share (vs UK£0.51 loss in FY 2021)

SSP Group plc, Annual General Meeting, Feb 16, 2023

Full year 2022 earnings released: UK£0.013 loss per share (vs UK£0.51 loss in FY 2021)

SSP Group plc (LSE:SSPG) acquired AMT Coffee Ltd. from administration.

High number of new directors

SSP Group plc to Report Fiscal Year 2022 Results on Dec 06, 2022

SSP Group plc Re-Affirms Sales Guidance for the Full Year of 2022

First half 2022 earnings released: UK£0.041 loss per share (vs UK£0.49 loss in 1H 2021)

SSP Group plc Provides Sales Guidance for the Second Half of 2022 and Full Year 2022

High number of new directors

Independent Chairman of the Board recently bought UK£202k worth of stock

High number of new directors

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

SSP Group plc Provides Sales Guidance for the Year 2022

First half 2021 earnings released: UK£0.49 loss per share (vs UK£0.08 loss in 1H 2020)

Independent Non-Executive Director has left the company

Full year 2020 earnings released: UK£0.76 loss per share (vs UK£0.28 profit in FY 2019)

Revenue misses expectations

SSP Group plc Announces the Retirement of Per Utnegaard, Independent Non-Executive Director

New 90-day low: UK£2.79

Independent Chairman of the Board recently bought UK£100k worth of stock

Revenue misses expectations

Full year 2020 earnings released: UK£0.76 loss per share

SSP Group plc, Annual General Meeting, Feb 26, 2021

New 90-day high: UK£3.71

SSP Group plc to Report Fiscal Year 2020 Results on Dec 15, 2020

SSP Group plc Announces Appointment of Tim Lodge as Independent Non-Executive Director and Member of the Audit Committee, Effective October 1, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age