Multitude Management
Management criteria checks 3/4
Multitude's CEO is Jorma Jokela, appointed in Jan 2005, has a tenure of 18.25 years. total yearly compensation is €256.00K, comprised of 93.8% salary and 6.3% bonuses, including company stock and options. directly owns 28.82% of the company’s shares, worth €25.62M. The average tenure of the management team and the board of directors is 1.9 years and 4 years respectively.
Key information
Jorma Jokela
Chief executive officer
€256.0k
Total compensation
| CEO salary percentage | 93.8% |
| CEO tenure | 18.3yrs |
| CEO ownership | 28.8% |
| Management average tenure | 1.9yrs |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2022 | €256k | €240k | €8m |
| Sep 30 2022 | n/a | n/a | €112k |
| Jun 30 2022 | n/a | n/a | -€3m |
| Mar 31 2022 | n/a | n/a | €3m |
| Dec 31 2021 | €222k | €222k | -€1m |
| Sep 30 2021 | n/a | n/a | €9m |
| Jun 30 2021 | n/a | n/a | €12m |
| Mar 31 2021 | n/a | n/a | €14m |
| Dec 31 2020 | €202k | €202k | €5m |
| Sep 30 2020 | n/a | n/a | €7m |
| Jun 30 2020 | n/a | n/a | €10m |
| Mar 31 2020 | n/a | n/a | €9m |
| Dec 31 2019 | €216k | €216k | €23m |
| Sep 30 2019 | n/a | n/a | €24m |
| Jun 30 2019 | n/a | n/a | €23m |
| Mar 31 2019 | n/a | n/a | €19m |
| Dec 31 2018 | €208k | €208k | €19m |
| Sep 30 2018 | n/a | n/a | €17m |
| Jun 30 2018 | n/a | n/a | €17m |
| Mar 31 2018 | n/a | n/a | €21m |
| Dec 31 2017 | €211k | €211k | €20m |
| Sep 30 2017 | n/a | n/a | €20m |
| Jun 30 2017 | n/a | n/a | €17m |
| Mar 31 2017 | n/a | n/a | €15m |
| Dec 31 2016 | €220k | €220k | €13m |
Compensation vs Market: Jorma's total compensation ($USD281.57K) is about average for companies of similar size in the UK market ($USD348.41K).
Compensation vs Earnings: Jorma's compensation has been consistent with company performance over the past year.
CEO
Jorma Jokela (43 yo)
18.3yrs
Tenure
€256,000
Compensation
Mr. Jorma Olavi Jokela serves as the President of the Management Board at Ferratum Capital Poland S.A. Mr. Jokela is the Founder of Multitude SE (formerly known as Ferratum Oyj) and has been its Chief Exec...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 18.3yrs | €256.00k | 28.82% € 25.6m | |
| Chief Legal & Compliance Officer and Director | 17.3yrs | €66.00k | 0.58% € 513.3k | |
| Chief Financial Officer | 3.7yrs | no data | 0.13% € 112.8k | |
| Chief Technology Officer | 1.5yrs | no data | 0.0078% € 7.0k | |
| Head of External Communications | 1.2yrs | no data | no data | |
| Chief HR Officer | no data | no data | 0.0047% € 4.2k | |
| Group Chief Risk Officer | 1.3yrs | €48.00k | 0.40% € 351.7k | |
| Deputy Chief Executive Officer | 1.5yrs | no data | 0.066% € 58.4k | |
| Chief Financial Planning Analyst | 4.6yrs | no data | 0.061% € 54.1k | |
| Tribe Chief Executive Officer of Ferratum | 2.3yrs | no data | 0.067% € 59.8k | |
| Chief Executive Officer of Multitude Bank | less than a year | no data | 0.086% € 76.5k | |
| Head of Risk & Fraud Control | no data | no data | no data |
1.9yrs
Average Tenure
46.5yo
Average Age
Experienced Management: FRUd's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 18.3yrs | €256.00k | 28.82% € 25.6m | |
| Chief Legal & Compliance Officer and Director | 17.3yrs | €66.00k | 0.58% € 513.3k | |
| Independent Director | 4yrs | €48.00k | no data | |
| Director | less than a year | €28.00k | no data | |
| Director | 18.3yrs | €48.00k | 0.69% € 613.5k | |
| Director | less than a year | €29.00k | no data | |
| Independent Director | 4yrs | €48.00k | no data | |
| Independent Chairman of the Board of Directors | 4yrs | €48.00k | 0.019% € 16.5k |
4.0yrs
Average Tenure
53yo
Average Age
Experienced Board: FRUd's board of directors are considered experienced (4 years average tenure).