Serica Energy Management
Management criteria checks 3/4
Serica Energy's CEO is Mitch Flegg, appointed in Nov 2017, has a tenure of 6.42 years. total yearly compensation is £1.02M, comprised of 51.5% salary and 48.5% bonuses, including company stock and options. directly owns 0.099% of the company’s shares, worth £807.80K. The average tenure of the management team and the board of directors is 4.7 years and 2 years respectively.
Key information
Mitch Flegg
Chief executive officer
UK£1.0m
Total compensation
| CEO salary percentage | 51.5% |
| CEO tenure | 6.4yrs |
| CEO ownership | 0.1% |
| Management average tenure | 4.7yrs |
| Board average tenure | 2yrs |
Recent management updates
Recent updates
Serica Energy's (LON:SQZ) Upcoming Dividend Will Be Larger Than Last Year's
Apr 24
Here's What's Concerning About Serica Energy's (LON:SQZ) Returns On Capital
Jan 26Serica Energy plc (LON:SQZ) Shares Could Be 24% Below Their Intrinsic Value Estimate
Dec 09Need To Know: Analysts Are Much More Bullish On Serica Energy plc (LON:SQZ) Revenues
Jul 07Most Shareholders Will Probably Find That The Compensation For Serica Energy plc's (LON:SQZ) CEO Is Reasonable
Jun 18Earnings Miss: Serica Energy plc Missed EPS By 57% And Analysts Are Revising Their Forecasts
Apr 18Shareholders Are Loving Serica Energy plc's (LON:SQZ) 2.6% Yield
Mar 11How Many Serica Energy plc (LON:SQZ) Shares Have Insiders Sold, In The Last Year?
Feb 24Is There More Growth In Store For Serica Energy's (LON:SQZ) Returns On Capital?
Feb 09
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | UK£103m |
| Sep 30 2023 | n/a | n/a | UK£170m |
| Jun 30 2023 | n/a | n/a | UK£237m |
| Mar 31 2023 | n/a | n/a | UK£207m |
| Dec 31 2022 | UK£1m | UK£523k | UK£178m |
| Sep 30 2022 | n/a | n/a | UK£186m |
| Jun 30 2022 | n/a | n/a | UK£195m |
| Mar 31 2022 | n/a | n/a | UK£137m |
| Dec 31 2021 | UK£865k | UK£455k | UK£79m |
| Sep 30 2021 | n/a | n/a | UK£38m |
| Jun 30 2021 | n/a | n/a | -UK£3m |
| Mar 31 2021 | n/a | n/a | UK£2m |
| Dec 31 2020 | UK£521k | UK£400k | UK£8m |
| Sep 30 2020 | n/a | n/a | UK£27m |
| Jun 30 2020 | n/a | n/a | UK£46m |
| Mar 31 2020 | n/a | n/a | UK£55m |
| Dec 31 2019 | UK£564k | UK£400k | UK£64m |
| Sep 30 2019 | n/a | n/a | UK£76m |
| Jun 30 2019 | n/a | n/a | UK£88m |
| Mar 31 2019 | n/a | n/a | UK£70m |
| Dec 31 2018 | UK£453k | UK£283k | UK£51m |
| Sep 30 2018 | n/a | n/a | UK£25m |
| Jun 30 2018 | n/a | n/a | -UK£974k |
| Mar 31 2018 | n/a | n/a | UK£5m |
| Dec 31 2017 | UK£270k | UK£30k | UK£13m |
Compensation vs Market: Mitch's total compensation ($USD1.27M) is about average for companies of similar size in the UK market ($USD1.32M).
Compensation vs Earnings: Mitch's compensation has been consistent with company performance over the past year.
CEO
Mitch Flegg (63 yo)
6.4yrs
Tenure
UK£1,015,000
Compensation
Mr. Mitchell Robert Flegg, also known as Mitch, has been the Chief Executive Officer and Director of Serica Energy PLC since November 21, 2017. Mr Flegg has been the Chief Executive Officer and Executive D...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.4yrs | UK£1.02m | 0.099% £ 807.8k | |
| Chief Financial Officer | less than a year | no data | 0.0048% £ 39.2k | |
| Chief Operating Officer | 6.3yrs | no data | no data | |
| Vice President of Technical | 3.1yrs | no data | no data | |
| General Counsel | no data | no data | no data | |
| Vice President of ESG & Business Innovation | no data | no data | no data | |
| Head of Operational Strategy & Performance | less than a year | no data | no data | |
| Group Treasurer | 8.8yrs | no data | no data |
4.7yrs
Average Tenure
53.5yo
Average Age
Experienced Management: SQZ's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.4yrs | UK£1.02m | 0.099% £ 807.8k | |
| Independent Non-Executive Director | 4yrs | UK£60.00k | no data | |
| Non-Executive Director | 1.1yrs | no data | no data | |
| Non-Executive Director | 1.1yrs | no data | no data | |
| Independent Non-Executive Director | 1.8yrs | UK£25.00k | 0.0023% £ 18.8k | |
| Director | 2.6yrs | UK£618.00k | 0.044% £ 354.4k | |
| Independent Non-Executive Director | 5.4yrs | UK£60.00k | no data | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Senior Independent Non-Executive Director | 5.4yrs | UK£60.00k | 0.021% £ 167.0k | |
| Independent Non-Executive Chairman | 2.3yrs | UK£57.00k | 0.046% £ 377.3k | |
| Independent Non-Executive Director | 1.2yrs | no data | 0.011% £ 87.3k | |
| Independent Non-Executive Director | less than a year | no data | 0.00054% £ 4.4k |
2.0yrs
Average Tenure
59.5yo
Average Age
Experienced Board: SQZ's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.