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

How has Jacob Meldgaard's remuneration changed compared to TORM's earnings?
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
Jacob Meldgaard	CEO & Executive Director	14.6yrs	US$2.51m	no data
Kim Balle	Chief Financial Officer	4.9yrs	no data	no data
Morten Agdrup	VP and Head of Corporate Finance & Strategy	no data	no data	no data
Jesper Jensen	Senior VP & Head of Technical Division	no data	no data	no data
Mikael Bo Larsen	Head of Investor Relations	no data	no data	no data
Lars Christensen	Senior VP & Head of Projects	13.5yrs	no data	no data
Andreas Abildgaard-Hein	Vice President	no data	no data	no data

13.5yrs

Average Tenure

56yo

Average Age

Experienced Management: 0RG4's management team is seasoned and experienced (13.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jacob Meldgaard	CEO & Executive Director	8.9yrs	US$2.51m	no data
David Weinstein	Independent Deputy Chairman & Senior Independent Director	9.3yrs	US$219.00k	0.0052% DKK 818.1k
Annette Beate Wacknitz Justad	Non-Executive Independent Director	4.6yrs	US$164.00k	0.0028% DKK 441.4k
Christopher Boehringer	Chairman	9.3yrs	US$214.00k	0.022% DKK 3.5m
Par Trapp	Non-Executive Independent Director	9.1yrs	US$164.00k	0% DKK 0
Rasmus Johannes Hoffmann	Employee Representative Board Observer	8.6yrs	no data	no data
Christian Gorrissen	Employee Representative Board Observer	4.5yrs	no data	no data

8.9yrs

Average Tenure

59yo

Average Age

Experienced Board: 0RG4's board of directors are considered experienced (8.9 years average tenure).

TORM Management

Management criteria checks 3/4

Key information

Recent management updates

TORM plc, Annual General Meeting, Apr 16, 2025

CEO & Executive Director recently sold kr.58m worth of stock

CEO & Executive Director recently sold kr.211m worth of stock

Insufficient new directors

TORM plc, Annual General Meeting, Apr 13, 2023

Recent updates

Third quarter dividend of US$1.20 announced

Third quarter 2024 earnings released: EPS: US$1.38 (vs US$1.47 in 3Q 2023)

TORM plc, Annual General Meeting, Apr 16, 2025

TORM plc to Report Q3, 2025 Results on Nov 06, 2025

CEO & Executive Director recently sold kr.58m worth of stock

Upcoming dividend of US$1.80 per share

Second quarter dividend of US$1.80 announced

Second quarter 2024 earnings released: EPS: US$2.08 (vs US$2.23 in 2Q 2023)

TORM plc Approves Dividend for the Second Quarter 2024, Payable September 11, 2024

TORM plc has filed a Follow-on Equity Offering.

New minor risk - Financial position

First quarter dividend of US$1.50 announced

Torm plc Revises Earnings Guidance for the Year 2024

First quarter 2024 earnings released: EPS: US$2.34 (vs US$1.88 in 1Q 2023)

TORM plc Approves a Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of US$1.36 per share

TORM plc Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: EPS: US$7.75 (vs US$6.92 in FY 2022)

TORM plc Recommends Final Dividend for the Financial Year Ended 31 December 2023, Payable on 24 April 2024

TORM plc has completed a Follow-on Equity Offering in the amount of $19.100624 million.

TORM plc to Report Q3, 2024 Results on Nov 07, 2024

CEO & Executive Director recently sold kr.211m worth of stock

Upcoming dividend of US$1.46 per share at 19% yield

New minor risk - Shareholder dilution

Torm plc Revises Earnings Guidance for the Full-Year 2023

Third quarter 2023 earnings released

Now 21% undervalued

New minor risk - Financial position

Second quarter 2023 earnings released: EPS: US$2.23 (vs US$1.31 in 2Q 2022)

TORM plc Provides Earnings Guidance for the Full Year 2023

Insufficient new directors

Upcoming dividend of US$1.46 per share at 16% yield

TORM plc Reaffirms Earnings Guidance for the Year 2023

First quarter 2023 earnings released: EPS: US$1.87 (vs US$0.13 in 1Q 2022)

TORM plc Approves an Interim Dividend for First Quarter 2023, Payable on 6 June 2023

Investor sentiment improves as stock rises 18%

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings released

Investor sentiment deteriorates as stock falls 16%

TORM plc to Report Q3, 2023 Results on Nov 09, 2023

TORM plc, Annual General Meeting, Apr 13, 2023

Upcoming dividend of US$1.46 per share

Third quarter 2022 earnings released

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Upcoming dividend of US$0.58 per share

Second quarter 2022 earnings released: EPS: US$1.31 (vs US$0.027 in 2Q 2021)

Torm plc Approves an Interim Dividend for Second Quarter 2022, Payment Is Expected on 16 September 2022

TORM plc (CPSE:TRMD A) completed the acquisition of 75% stake in Me Production A/S from Jens Peter Faldt and other shareholders.

First quarter 2022 earnings released

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

Third quarter 2021 earnings released: US$0.18 loss per share (vs US$0.008 profit in 3Q 2020)

Second quarter 2021 earnings released

First quarter 2021 earnings released

Full year 2020 earnings released

Revenue beats expectations

New 90-day high: kr.49.35

New 90-day high: kr.46.93

TORM plc to Report First Half, 2021 Results on Aug 10, 2021

New 90-day high: kr.46.73

Third quarter 2020 earnings released: EPS US$0.01

Revenue misses expectations

New 90-day low: kr.40.58

New 90-day low: kr.41.30

New 90-day low - kr.44.00

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team