ENCE Energía y Celulosa Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Ignacio de Colmenares y Brunet

Chief executive officer

€135.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	13.9yrs
CEO ownership	n/a
Management average tenure	5.8yrs
Board average tenure	6.2yrs

Recent management updates

No updates

Recent updates

CEO Compensation Analysis

How has Ignacio de Colmenares y Brunet's remuneration changed compared to ENCE Energía y Celulosa's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€44m
Jun 30 2024	n/a	n/a	€6m
Mar 31 2024	n/a	n/a	-€29m
Dec 31 2023	€135k	€135k	-€25m
Sep 30 2023	n/a	n/a	€152m
Jun 30 2023	n/a	n/a	€198m
Mar 31 2023	n/a	n/a	€265m
Dec 31 2022	€135k	€135k	€247m
Sep 30 2022	n/a	n/a	€69m
Jun 30 2022	n/a	n/a	€49m
Mar 31 2022	n/a	n/a	-€168m
Dec 31 2021	€135k	€135k	-€190m
Sep 30 2021	n/a	n/a	-€177m
Jun 30 2021	n/a	n/a	-€196m
Mar 31 2021	n/a	n/a	-€24m
Dec 31 2020	€135k	€135k	-€26m
Sep 30 2020	n/a	n/a	-€60m
Jun 30 2020	n/a	n/a	-€41m
Mar 31 2020	n/a	n/a	-€20m
Dec 31 2019	€105k	€105k	€9m
Sep 30 2019	n/a	n/a	€65m
Jun 30 2019	n/a	n/a	€104m
Mar 31 2019	n/a	n/a	€117m
Dec 31 2018	€44k	€44k	€129m
Sep 30 2018	n/a	n/a	€124m
Jun 30 2018	n/a	n/a	€111m
Mar 31 2018	n/a	n/a	€108m
Dec 31 2017	€44k	€44k	€92m

Compensation vs Market: Ignacio's total compensation ($USD142.48K) is below average for companies of similar size in the UK market ($USD1.42M).

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

CEO

Ignacio de Colmenares y Brunet (62 yo)

13.9yrs

Tenure

€135,000

Compensation

Mr. Ignacio de Colmenares y Brunet served as a Senior Advisor at Artá Capital, SGEIC, S.A. He has been the Chief Executive Officer of ENCE Energia y Celulosa SA since December 2010 and serves as its Managi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ignacio de Colmenares y Brunet	Chairman	13.9yrs	€135.00k	no data
Alfredo de la Peña	Finance	9.8yrs	no data	no data
Alberto Valdes	Head of Investor Relations	no data	no data	no data
Isabel de la Fuente	Chief Human Capital Officer	1.5yrs	no data	no data
Reyes Cerezo Rodriguez-Sedano	General Secretary & Sustainability Officer	no data	no data	no data
Angel J. Lopez-Leyton	Head of Internal Audit	no data	no data	no data
Guillermo Maguregui	Managing Director of Magnon Green Energy	1.8yrs	no data	no data

5.8yrs

Average Tenure

Experienced Management: ENCE's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ignacio de Colmenares y Brunet	Chairman	13.9yrs	€135.00k	no data
Fernando Hernandez	Independent External Director	no data	€93.00k	0.38% € 2.6m
Jose Ignacio Sanchez-Real	Proprietary External Director	6.7yrs	€76.00k	no data
José Zubia Guinea	Independent External Director	no data	€105.00k	no data
Javier Arregui Abendivar	Proprietary Director	3.7yrs	€108.00k	no data
Oscar Arregui Abendivar	Proprietary External Director	6.8yrs	€79.00k	no data
Irene Hernandez Alvarez	Lead Independent Director	5.7yrs	€127.00k	no data
Rosa Garcia Pineiro	Independent Director	6.7yrs	€114.00k	no data
Gorka Arregui Abendivar	Proprietary External Director	6.9yrs	€94.00k	no data
Maria de la Paz Robina Rosat	Independent Director	3.7yrs	€105.00k	no data
Maria Carmen Ferraz	Independent Director	2.7yrs	€91.00k	no data
Rosalia Marcos	Independent Director	2.7yrs	€99.00k	no data

6.2yrs

Average Tenure

62yo

Average Age

Experienced Board: ENCE's board of directors are considered experienced (6.2 years average tenure).

ENCE Energía y Celulosa Management

Management criteria checks 4/4

Key information

Recent management updates

Recent updates

First quarter 2024 earnings released: EPS: €0.03 (vs €0.13 in 1Q 2023)

ENCE Energía y Celulosa, S.A. to Report Q3, 2024 Results on Oct 29, 2024

ENCE Energía y Celulosa, S.A. to Report Q4, 2023 Results on Feb 29, 2024

Third quarter 2023 earnings released: €0.098 loss per share (vs €0.42 profit in 3Q 2022)

ENCE Energía y Celulosa, S.A. to Report Q3, 2023 Results on Oct 31, 2023

ENCE Energía y Celulosa, S.A. to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of €0.23 per share at 17% yield

Full year 2022 earnings released: EPS: €1.02 (vs €0.79 loss in FY 2021)

Upcoming dividend of €0.23 per share at 15% yield

Full year 2022 earnings released: EPS: €1.02 (vs €0.79 loss in FY 2021)

ENCE Energía y Celulosa, S.A. to Report Q4, 2022 Results on Feb 28, 2023

Investor sentiment improves as stock rises 29%

Upcoming dividend of €0.073 per share

Third quarter 2022 earnings released: EPS: €0.099 (vs €0.032 in 3Q 2021)

Investor sentiment improved over the past week

Upcoming dividend of €0.044 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Third quarter 2021 earnings released: EPS €0.032 (vs €0.07 loss in 3Q 2020)

Second quarter 2021 earnings released: €0.75 loss per share (vs €0.054 loss in 2Q 2020)

First quarter 2021 earnings released: €0.04 loss per share (vs €0.05 loss in 1Q 2020)

First quarter 2021 earnings released: €0.04 loss per share (vs €0.05 loss in 1Q 2020)

Full year 2020 earnings released: €0.11 loss per share (vs €0.038 profit in FY 2019)

Revenue beats expectations

ENCE Energía y Celulosa, S.A. to Report Q1, 2021 Results on Apr 27, 2021

New 90-day high: €3.71

New 90-day high: €3.37

Q-Energy Private Equity, S.G.E.I.C., S.A. completed the acquisition of Ence Energia Solar S.L. from ENCE Energía y Celulosa, S.A. (BME:ENC).

New 90-day high: €3.00

QEnergy Limited agreed to acquire Ence Energia Solar S.L. from ENCE Energía y Celulosa, S.A. (BME:ENC) for approximately €170 million.

Ancala Partners LLP agreed to acquire 49% stake in Ence Energia Sl from ENCE Energía y Celulosa, S.A. (BME:ENC) for €359 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age