M&G Management

Management criteria checks 2/4

M&G's CEO is Paolo Rossi, appointed in Oct 2022, has a tenure of 1.5 years. total yearly compensation is £2.75M, comprised of 31.9% salary and 68.1% bonuses, including company stock and options. directly owns 0.01% of the company’s shares, worth £480.26K. The average tenure of the management team and the board of directors is 1.7 years and 2.6 years respectively.

Key information

Paolo Rossi

Chief executive officer

UK£2.7m

Total compensation

CEO salary percentage	31.9%
CEO tenure	1.5yrs
CEO ownership	0.01%
Management average tenure	1.7yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paolo Rossi's remuneration changed compared to M&G's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	UK£3m	UK£875k	UK£297m
Sep 30 2023	n/a	n/a	-UK£277m
Jun 30 2023	n/a	n/a	-UK£415m
Mar 31 2023	n/a	n/a	-UK£1b
Dec 31 2022	UK£1m	UK£201k	-UK£2b

Compensation vs Market: Paolo's total compensation ($USD3.43M) is about average for companies of similar size in the UK market ($USD3.41M).

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

CEO

Paolo Rossi (57 yo)

1.5yrs

Tenure

UK£2,746,000

Compensation

Mr. Paolo Andrea Rossi is Group Chief Executive Officer and Executive Director of M&G plc from October 10, 2022. He serves as Advisor at AXA Investment Managers at AXA Insurance (Gulf) B. S. C. since Octob...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paolo Rossi	Group CEO & Executive Director	1.5yrs	UK£2.75m	0.010% £ 480.3k
Kathryn McLeland	CFO & Executive Director	1.9yrs	UK£1.71m	0.0097% £ 451.4k
Rupert Krefting	Head of Corporate Finance & Stewardship	no data	no data	no data
Luca Gagliardi	Director of Investor Relations	no data	no data	no data
Charlotte Dawn Heiss	Group General Counsel & Company Secretary	less than a year	no data	no data
Louise Gelling	Interim Group Chief Risk & Compliance Officer	less than a year	no data	no data
Jonathan Miller	Head of External Communications	no data	no data	no data
Matt Howells	Chief People Officer	1.9yrs	no data	no data
William Nicoll	Head of Institutional Fixed Income	no data	no data	no data
Nicola Caverzan	Head of Credit & Rating Agency Relations	no data	no data	no data
David Montgomery	Managing Director of Wealth Management Division	no data	no data	no data
Robert David Marshall	Head of Stewardship & Sustainability Team	3.4yrs	no data	no data

1.7yrs

Average Tenure

Experienced Management: MNG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Paolo Rossi	Group CEO & Executive Director	1.5yrs	UK£2.75m	0.010% £ 480.3k
Kathryn McLeland	CFO & Executive Director	1.9yrs	UK£1.71m	0.0097% £ 451.4k
Edward Braham	Chair of the Board	2.1yrs	UK£525.00k	0.0090% £ 420.1k
Massimo Tosato	Independent Non-Executive Director	4yrs	UK£685.00k	0.012% £ 547.9k
Clare Chapman	Independent Non-Executive Director	3.1yrs	UK£117.60k	no data
Debasish Sanyal	Independent Non-Executive Director	1.9yrs	UK£138.40k	no data
Clive Adamson	Independent Non-Executive Director	5.1yrs	UK£253.80k	0.00039% £ 18.2k
Clare Thompson	Senior Independent Non-Executive Director	4.9yrs	UK£203.20k	0.00094% £ 43.8k

2.6yrs

Average Tenure

62.5yo

Average Age

Experienced Board: MNG's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

M&G Management

Management criteria checks 2/4

Key information

Recent management updates

M&G plc, Annual General Meeting, May 22, 2024

M&G plc Announces Board Changes

M&G plc Appoints Charlotte Heiss and Rob Lewis, Chief Auditor to the Group Executive Committee

M&G Appoints Kathy Ryan as Chief Sustainability Officer

MG Investments Appoints Amy Cho as Head of Operations for Asia Pacific

M&G plc Announces Executive Changes

Recent updates

M&G plc, Annual General Meeting, May 22, 2024

M&G plc Announces Board Changes

Consensus EPS estimates fall by 11%

New minor risk - Earnings quality

Final dividend reduced to UK£0.13

M&G plc Appoints Charlotte Heiss and Rob Lewis, Chief Auditor to the Group Executive Committee

Full year 2023 earnings released: EPS: UK£0.13 (vs UK£0.66 loss in FY 2022)

M&G plc to Report Fiscal Year 2023 Results on Mar 21, 2024

M&G Appoints Kathy Ryan as Chief Sustainability Officer

MG Investments Appoints Amy Cho as Head of Operations for Asia Pacific

First half 2023 earnings released: EPS: UK£0.029 (vs UK£0.45 loss in 1H 2022)

M&G plc Announces Executive Changes

M&G plc Announces Company Secretary Changes

M&G plc to Report First Half, 2023 Results on Sep 20, 2023

M&G plc announced that it has received £48.6 million in funding from Kingdom Holding Company

Chief Executive of Retail & Savings exercised options and sold UK£164k worth of stock

Full year 2022 earnings released: UK£0.66 loss per share (vs UK£0.033 profit in FY 2021)

Now 23% undervalued

Consensus EPS estimates fall by 14%

Consensus EPS estimates fall by 18%

Consensus EPS estimates fall by 16%

M&G plc Appoints Joseph Pinto as its Next Chief Executive Officer of M&G Asset Management

Consensus forecasts updated

M&G plc to Report Fiscal Year 2022 Results on Mar 09, 2023

High number of new and inexperienced directors

M&G plc Announces Executive Changes

Supermarket Income REIT plc (LSE:SUPR) acquired Tesco supermarket in Llanelli, South Wales from M&G plc (LSE:MNG) for £66.8 million

M&G plc Declares Interim Dividend, Payable on 29 September 2022

M&G plc (LSE:MNG) agreed to acquire 49.9% stake in Continuum (Financial Services) LLP.

Now 21% undervalued after recent price drop

Consensus EPS estimates fall by 12%

Now 21% undervalued after recent price drop

M&G plc Announces Committee Membership Changes

Group CEO & Executive Director exercised options and sold UK£51k worth of stock

M&G plc to Report First Half, 2022 Results on Aug 11, 2022

M&G plc Appoints Kathryn McLeland as Executive Director

M&G plc Announces Retirement of John Foley as Chief Executive

High number of new directors

M&G plc, Annual General Meeting, May 25, 2022

M&G plc, Annual General Meeting, May 25, 2022

Now 23% undervalued

M&G plc Declares Second Interim Dividend, Payable on April 28, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

M&G plc to Report Fiscal Year 2021 Results on Mar 08, 2022

M&G plc Appoints Edward Braham as Chair of the Board with Effect from 14 March 2022

Now 23% undervalued

M&G plc (LSE:MNG) acquired TCF Fund Managers LLP.

Consensus EPS estimates fall by 19%

Now 20% undervalued

M&G plc (LSE:MNG) agreed to acquire 90% stake in responsAbility Investments AG.

M&G plc (LSE:MNG) agreed to acquire 90% stake in responsAbility Investments AG.

M&G plc (LSE:MNG) agreed to acquire a 6.3% stake in Bluewater Shopping Centre from Land Securities Group plc (LSE:LAND).

M&G plc (LSE:MNG) acquired Multimodel Container Services Beheer B.V.

Consensus forecasts updated

Independent Non-Executive Director recently bought UK£57k worth of stock

Independent Non-Executive Director recently bought UK£200k worth of stock

Consensus EPS estimates fall to UK£0.13

Insider recently bought UK£112k worth of stock

First half 2021 earnings released: UK£0.098 loss per share (vs UK£0.32 profit in 1H 2020)

Clearbell UK Strategic Trust, managed by Clearbell Capital LLP and Lasalle Global Partner Solutions Limited acquired 39,000 sq ft office at 46 Clarendon Road in Watford from M&G plc (LSE:MNG).

Consensus revenue estimates fall to UK£18.8b

Consensus forecasts updated

Consensus forecasts updated

CEO & Director exercised options and sold UK£784k worth of stock

Independent Chair has left the company

Full year 2020 earnings released: EPS UK£0.44 (vs UK£0.41 in FY 2019)

Independent Non-Executive Director has left the company

M&G plc (LON:MNG) Passed Our Checks, And It's About To Pay A UK£0.12 Dividend

Full year 2020 earnings released: EPS UK£0.44 (vs UK£0.41 in FY 2019)