TORM Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Jacob Meldgaard
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 47.6% |
| CEO tenure | 14.6yrs |
| CEO ownership | n/a |
| Management average tenure | 13.5yrs |
| Board average tenure | 8.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$719m |
| Jun 30 2024 | n/a | n/a | US$713m |
| Mar 31 2024 | n/a | n/a | US$704m |
| Dec 31 2023 | US$3m | US$1m | US$648m |
| Sep 30 2023 | n/a | n/a | US$692m |
| Jun 30 2023 | n/a | n/a | US$785m |
| Mar 31 2023 | n/a | n/a | US$706m |
| Dec 31 2022 | US$2m | US$1m | US$563m |
| Sep 30 2022 | n/a | n/a | US$326m |
| Jun 30 2022 | n/a | n/a | US$94m |
| Mar 31 2022 | n/a | n/a | -US$10m |
| Dec 31 2021 | US$2m | US$1m | -US$42m |
| Sep 30 2021 | n/a | n/a | -US$74m |
| Jun 30 2021 | n/a | n/a | -US$59m |
| Mar 31 2021 | n/a | n/a | US$10m |
| Dec 31 2020 | US$2m | US$1m | US$88m |
| Sep 30 2020 | n/a | n/a | US$275m |
| Jun 30 2020 | n/a | n/a | US$265m |
| Mar 31 2020 | n/a | n/a | US$199m |
| Dec 31 2019 | US$2m | US$1m | US$166m |
| Sep 30 2019 | n/a | n/a | US$18m |
| Jun 30 2019 | n/a | n/a | US$2m |
| Mar 31 2019 | n/a | n/a | -US$12m |
| Dec 31 2018 | US$2m | US$1m | -US$35m |
| Sep 30 2018 | n/a | n/a | -US$29m |
| Jun 30 2018 | n/a | n/a | -US$9m |
| Mar 31 2018 | n/a | n/a | -US$1m |
| Dec 31 2017 | US$2m | US$1m | US$2m |
Compensation vs Market: Jacob's total compensation ($USD2.51M) is about average for companies of similar size in the UK market ($USD2.09M).
Compensation vs Earnings: Jacob's compensation has increased by more than 20% in the past year.
CEO
Jacob Meldgaard (56 yo)
14.6yrs
Tenure
US$2,513,000
Compensation
Mr. Jacob Balslev Meldgaard has been the Chief Executive Officer of Torm Plc since April 1, 2010 and has been its Executive Director since December 14, 2015. Mr. Meldgaard has many years of shipping experi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 14.6yrs | US$2.51m | no data | |
| Chief Financial Officer | 4.9yrs | no data | no data | |
| VP and Head of Corporate Finance & Strategy | no data | no data | no data | |
| Senior VP & Head of Technical Division | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Senior VP & Head of Projects | 13.5yrs | no data | no data | |
| Vice President | no data | no data | no data |
13.5yrs
Average Tenure
56yo
Average Age
Experienced Management: TRMDAC's management team is seasoned and experienced (13.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8.9yrs | US$2.51m | no data | |
| Independent Deputy Chairman & Senior Independent Director | 9.3yrs | US$219.00k | 0.0052% DKK 821.1k | |
| Non-Executive Independent Director | 4.6yrs | US$164.00k | 0.0028% DKK 443.0k | |
| Chairman | 9.3yrs | US$214.00k | 0.022% DKK 3.5m | |
| Non-Executive Independent Director | 9.1yrs | US$164.00k | 0% DKK 0 | |
| Employee Representative Board Observer | 8.6yrs | no data | no data | |
| Employee Representative Board Observer | 4.5yrs | no data | no data |
8.9yrs
Average Tenure
59yo
Average Age
Experienced Board: TRMDAC's board of directors are considered experienced (8.9 years average tenure).