Associated British Foods Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

George Weston

Chief executive officer

UK£4.1m

Total compensation

CEO salary percentage	27.3%
CEO tenure	19yrs
CEO ownership	0.5%
Management average tenure	14.4yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Weston's remuneration changed compared to Associated British Foods's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 02 2024	n/a	n/a	UK£1b
Dec 02 2023	n/a	n/a	UK£1b
Sep 16 2023	UK£4m	UK£1m	UK£1b
Jun 16 2023	n/a	n/a	UK£898m
Mar 04 2023	n/a	n/a	UK£751m
Dec 04 2022	n/a	n/a	UK£726m
Sep 17 2022	UK£2m	UK£1m	UK£700m
Jun 17 2022	n/a	n/a	UK£746m
Mar 16 2022	n/a	n/a	UK£792m
Dec 16 2021	n/a	n/a	UK£635m
Sep 18 2021	UK£3m	UK£1m	UK£478m
Jun 18 2021	n/a	n/a	UK£439m
Feb 27 2021	n/a	n/a	UK£400m
Nov 27 2020	n/a	n/a	UK£428m
Sep 12 2020	UK£1m	UK£813k	UK£455m
Jun 12 2020	n/a	n/a	UK£581m
Feb 29 2020	n/a	n/a	UK£706m
Nov 30 2019	n/a	n/a	UK£792m
Sep 14 2019	UK£4m	UK£1m	UK£878m
Jun 14 2019	n/a	n/a	UK£897m
Mar 02 2019	n/a	n/a	UK£915m
Dec 02 2018	n/a	n/a	UK£961m
Sep 15 2018	UK£4m	UK£1m	UK£1b
Jun 15 2018	n/a	n/a	UK£1b
Mar 03 2018	n/a	n/a	UK£1b
Dec 03 2017	n/a	n/a	UK£1b

Compensation vs Market: George's total compensation ($USD5.15M) is about average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.

CEO

George Weston (59 yo)

19yrs

Tenure

UK£4,100,000

Compensation

Mr. George Garfield Weston has been the Chief Executive Officer of Associated British Foods plc since April 1, 2005. Mr. Weston has been the Chief Executive officer of Weston Foods Ltd., a holding Company...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Weston	CEO & Executive Director	19yrs	UK£4.10m	0.51% £ 101.8m
Eoin Tonge	Finance Director & Director	less than a year	UK£4.08m	0.0068% £ 1.3m
Sue Whalley	Chief People & Performance Officer	no data	no data	no data
Paul Lister	Company Secretary	no data	no data	no data
Paul Marchant	Chief Executive Officer of Primark/Penneys	14.4yrs	no data	no data
Lynne Walker	Director of Primark Cares	no data	no data	no data
Katharine Stewart	Ethical Trade & Environmental Sustainability Director	no data	no data	no data

14.4yrs

Average Tenure

59yo

Average Age

Experienced Management: ABFL's management team is seasoned and experienced (14.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Weston	CEO & Executive Director	25yrs	UK£4.10m	0.51% £ 101.8m
Eoin Tonge	Finance Director & Director	1.2yrs	UK£4.08m	0.0068% £ 1.3m
Michael George McLintock	Independent Chairman	6.4yrs	UK£436.00k	0.0032% £ 636.9k
Graham Allan	Independent Non-Executive Director	5.6yrs	UK£88.00k	0.0013% £ 265.9k
Heather Rabbatts	Senior Independent Non-Executive Director	3.1yrs	UK£87.00k	no data
Richard Reid	Independent Non-Executive Director	8yrs	UK£147.00k	0.00045% £ 89.3k
Emma Adamo	Non-Executive Director	12.3yrs	UK£78.00k	0.068% £ 13.6m
Kumsal Bayazit	Independent Non-Executive Director	less than a year	no data	no data
Annie Murphy	Independent Non-Executive Director	less than a year	UK£6.00k	no data

5.6yrs

Average Tenure

60yo

Average Age

Experienced Board: ABFL's board of directors are considered experienced (5.6 years average tenure).

Associated British Foods Management

Management criteria checks 3/4

Key information

Recent management updates

Associated British Foods plc Announces Stepdown of Wolfhart Hauser as Non-Executive Director, Effective 18 January 2024

Associated British Foods plc Appoints Kumsal Bayazit as Non-Executive Director

Associated British Foods plc Announces Ruth Cairnie Steps Down from the Board, Effective 31 August 2023

Associated British Foods plc Appoints Annie Murphy as A Non-Executive Director of the Company with Effect from 6 September 2023

Insufficient new directors

Associated British Foods plc Announces Directorate Change

Recent updates

First half 2024 earnings released: EPS: UK£0.88 (vs UK£0.67 in 1H 2023)

Investor sentiment improves as stock rises 15%

Associated British Foods plc to Report Fiscal Year 2024 Results on Nov 05, 2024

Associated British Foods plc to Report First Half, 2024 Results on Apr 23, 2024

Associated British Foods plc to Report Q1, 2024 Results on Jan 23, 2024

Associated British Foods plc Announces Stepdown of Wolfhart Hauser as Non-Executive Director, Effective 18 January 2024

Upcoming dividend of UK£0.46 per share at 2.0% yield

Associated British Foods plc (LSE:ABF) announces an Equity Buyback for £500 million worth of its shares.

Full year 2023 earnings released: EPS: UK£1.34 (vs UK£0.89 in FY 2022)

Associated British Foods plc Announces Special Dividend Payable on 12 January 2024

Associated British Foods plc Appoints Kumsal Bayazit as Non-Executive Director

Associated British Foods plc Announces Ruth Cairnie Steps Down from the Board, Effective 31 August 2023

Associated British Foods plc Appoints Annie Murphy as A Non-Executive Director of the Company with Effect from 6 September 2023

Upcoming dividend of UK£0.14 per share at 2.4% yield

Now 21% undervalued after recent price drop

Insufficient new directors

First half 2023 earnings released

Upcoming dividend of UK£0.30 per share

Associated British Foods plc Announces Directorate Change

Full year 2022 earnings released: EPS: UK£0.89 (vs UK£0.60 in FY 2021)

Associated British Foods plc (LSE:ABF) announces an Equity Buyback for £500 million worth of its shares.

Associated British Foods plc Proposes Final Dividend, Payable on 13 January 2023

Associated British Foods plc Provides Revenue Guidance for the Fiscal Year of 2023

Associated British Foods plc, Annual General Meeting, Dec 08, 2023

Associated British Foods plc Announces Board Changes

Upcoming dividend of UK£0.14 per share

Independent Non-Executive Director recently bought UK£62k worth of stock

First half 2022 earnings released: EPS: UK£0.60 (vs UK£0.20 in 1H 2021)

Associated British Foods plc Announces Interim Dividend for the 24 Week Period Ended 5 March 2022, to Be Paid on 8 July 2022

Non-Executive Director recently sold UK£799k worth of stock

Upcoming dividend of UK£0.34 per share

Full year 2021 earnings released: EPS UK£0.60 (vs UK£0.58 in FY 2020)

Upcoming dividend of UK£0.062 per share

New 90-day high: UK£23.84

Associated British Foods plc Appoints Dame Heather Rabbatts as Non-Executive Director and Member of Audit and Remuneration Committee, Effective March 1, 2021

CEO & Executive Director recently sold UK£22m worth of stock

CEO & Executive Director recently sold UK£10m worth of stock

CEO & Executive Director recently sold UK£5.0m worth of stock

Primark Reportedly Eyes Arcadia

Associated British Foods plc to Report Fiscal Year 2021 Results on Nov 09, 2021

New 90-day high: UK£21.68

Associated British Foods plc to Report First Half, 2021 Results on Apr 16, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age