Mondi Management

Management criteria checks 4/4

Mondi's CEO is Andrew Charles King, appointed in Apr 2020, has a tenure of 4.58 years. total yearly compensation is €3.73M, comprised of 33.3% salary and 66.7% bonuses, including company stock and options. directly owns 0.046% of the company’s shares, worth £2.42M. The average tenure of the management team and the board of directors is 4.4 years and 3.6 years respectively.

Key information

Andrew Charles King

Chief executive officer

€3.7m

Total compensation

CEO salary percentage	33.3%
CEO tenure	4.6yrs
CEO ownership	0.05%
Management average tenure	4.4yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andrew Charles King's remuneration changed compared to Mondi's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€392m
Mar 31 2024	n/a	n/a	€447m
Dec 31 2023	€4m	€1m	€502m
Sep 30 2023	n/a	n/a	€639m
Jun 30 2023	n/a	n/a	€775m
Mar 31 2023	n/a	n/a	€981m
Dec 31 2022	€5m	€1m	€1b
Sep 30 2022	n/a	n/a	€1b
Jun 30 2022	n/a	n/a	€999m
Mar 31 2022	n/a	n/a	€771m
Dec 31 2021	€4m	€1m	€543m
Sep 30 2021	n/a	n/a	€520m
Jun 30 2021	n/a	n/a	€497m
Mar 31 2021	n/a	n/a	€540m
Dec 31 2020	€3m	€989k	€582m
Sep 30 2020	n/a	n/a	€640m
Jun 30 2020	n/a	n/a	€697m
Mar 31 2020	n/a	n/a	€755m
Dec 31 2019	€2m	€677k	€812m
Sep 30 2019	n/a	n/a	€875m
Jun 30 2019	n/a	n/a	€937m
Mar 31 2019	n/a	n/a	€881m
Dec 31 2018	€3m	€654k	€824m
Sep 30 2018	n/a	n/a	€747m
Jun 30 2018	n/a	n/a	€670m
Mar 31 2018	n/a	n/a	€669m
Dec 31 2017	€17m	€643k	€668m

Compensation vs Market: Andrew Charles's total compensation ($USD3.91M) is about average for companies of similar size in the UK market ($USD3.22M).

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

CEO

Andrew Charles King (55 yo)

4.6yrs

Tenure

€3,725,459

Compensation

Mr. Andrew Charles Wallis King, CA (SA), serves as Group Chief Executive Officer at Mondi plc and Mondi Limited since April 1, 2020 and its Executive Director since October 2008. He serves as the Chief fin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Charles King	Group CEO & Executive Director	4.6yrs	€3.73m	0.046% £ 2.4m
Michael Powell	Group CFO & Executive Director	4yrs	€2.17m	0.0090% £ 473.2k
Lars Mallasch	Group Technical & Sustainability Director	4.2yrs	no data	no data
Marita Erler	Chief People Officer	less than a year	no data	no data
Thomas Ott	Chief Executive Officer of Flexible Packaging	2.8yrs	no data	no data
Vivien McMenamin	Chief Executive Officer of Uncoated Fine Paper & South Africa	7.1yrs	no data	no data
Markus Gartner	Chief Executive Officer of Corrugated Packaging	6.1yrs	no data	no data
Kerry Cooper	Group Head of External Communication	no data	no data	no data
Darren Ghavalas	Group Financial Controller	no data	no data	no data
Jenny Hampshire	Company Secretary	7.9yrs	no data	no data

4.4yrs

Average Tenure

55yo

Average Age

Experienced Management: MNDIL's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Charles King	Group CEO & Executive Director	16.1yrs	€3.73m	0.046% £ 2.4m
Michael Powell	Group CFO & Executive Director	4yrs	€2.17m	0.0090% £ 473.2k
Susan Clark	Senior Independent Director	3.6yrs	€110.33k	0.00096% £ 50.4k
Philip Yea	Independent Chairman of the Board	4.6yrs	€559.25k	0.0096% £ 505.7k
Sakumzi Macozoma	Independent Non-Executive Director	2.5yrs	€110.58k	0.00010% £ 5.2k
Stephen Young	Independent Non-Executive Director	6.5yrs	€128.18k	0.00046% £ 24.1k
Svein-Richard Brandtzaeg	Independent Non-Executive Director	3.6yrs	€125.68k	0.00028% £ 14.7k
Sucheta Govil	Independent Non-Executive Director	less than a year	no data	no data
Angela Rosemary Strank	Independent Non-Executive Director	3.6yrs	€121.88k	0.00020% £ 10.5k
Anke Groth	Independent Non-Executive Director	1.6yrs	€88.92k	no data

3.6yrs

Average Tenure

64yo

Average Age

Experienced Board: MNDIL's board of directors are considered experienced (3.6 years average tenure).

Mondi Management

Management criteria checks 4/4

Key information

Recent management updates

Mondi plc Announces Board and Committee Changes

Mondi plc, Annual General Meeting, May 03, 2024

Mondi plc Appoints Anke Groth as an Independent Non-Executive Director, Effect from 1 April 2023

Mondi plc Announces Board Changes

High number of new directors

High number of new directors

Recent updates

Mondi plc Announces Interim Dividend for the Year Ending December 31, 2024, Payable on September 27, 2024

Mondi plc Announces Interim Dividend, Payable on 27 September 2024

Mondi plc Announces Interim Dividend, Payable on 27 September 2024

Mondi plc to Report First Half, 2024 Results on Aug 01, 2024

Mondi plc Announces Board and Committee Changes

Upcoming dividend of €0.47 per share

New minor risk - Earnings quality

Mondi plc (LSE:MNDI) made an offer to acquire DS Smith Plc (LSE:SMDS) for £5.1 billion

Mondi plc (LSE:MNDI) made an offer to acquire DS Smith Plc (LSE:SMDS) for £5.1 billion

Full year 2023 earnings released: EPS: €1.04 (vs €2.69 in FY 2022)

Mondi plc, Annual General Meeting, May 03, 2024

Mondi plc Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 14 May 2024

DS Smith Receives Highly Preliminary Expression of Interest from Mondi over a Possible Offer

Mondi plc (LSE:MNDI) completed the acquisition of Hinton Pulp a Division of West Fraser Timber Co. Ltd. (TSX:WFG) for $5 million.

Investor sentiment deteriorates as stock falls 17%

Mondi plc to Report Fiscal Year 2023 Results on Feb 22, 2024

Mondi plc Announces Special Dividend, Payable on 13 February 2024

Mondi plc Announces Special Dividend, Payable on 29 January 2024

Upcoming dividend of €1.60 per share at 4.4% yield

Mondi plc Proposes to Pay the Special Dividend, Payable on 13 February 2024

Mondi plc Proposes to Pay the Special Dividend, Payable on 26 January 2024

New major risk - Revenue and earnings growth

Sezar Invest LLC completed the acquisition of Open Joint Stock Company Mondi Syktyvkar from Mondi plc.

Sezar Invest LLC entered into an agreement to acquire Open Joint Stock Company Mondi Syktyvkar from Mondi plc for approximately RUB 80 billion.

Sezar Invest LLC entered into an agreement to acquire Open Joint Stock Company Mondi Syktyvkar from Mondi plc for approximately RUB 80 billion.

Upcoming dividend of €0.23 per share at 4.8% yield

First half 2023 earnings released: EPS: €0.64 (vs €1.48 in 1H 2022)

New minor risk - Profit margin trend

Mondi plc Declares Interim Dividend for the Year Ending 31 December 2023, Payable on 29 September 2023

Mondi plc (LSE:MNDI) agreed to acquire Hinton Pulp a Division of West Fraser Timber Co. Ltd. (TSX:WFG) for $5 million.

Upcoming dividend of €0.48 per share at 4.7% yield

Full year 2022 earnings released: EPS: €2.45 (vs €1.56 in FY 2021)

Mondi plc Appoints Anke Groth as an Independent Non-Executive Director, Effect from 1 April 2023

Mondi plc Announces Board Changes

Mondi plc (LSE:MNDI) completed the acquisition of Duino mill near Trieste from Burgo Group S.p.A.

ZAO GOTEK entered into an agreement to acquire Three Russian packaging converting operations from Mondi plc for RUB 1.6 billion.

Mondi plc to Report First Half, 2023 Results on Aug 03, 2023

High number of new directors

Upcoming dividend of €0.22 per share

Mondi plc (LSE:MNDI) agreed to acquire Duino mill near Trieste from Burgo Group S.p.A for €40 million.

MKOOO Augment Investments Limited agreed to acquire Open Joint Stock Company Mondi Syktyvkar from Mondi plc (LSE:MNDI).

First half 2022 earnings released

Now 20% undervalued after recent price drop

Mondi plc Announces Interim Dividend for the Year Ending 31 December 2022, Payable on 29 September 2022

High number of new directors

Upcoming dividend of €0.45 per share

Mondi plc Appoints Saki Macozoma as Independent Non-Executive Director and Member of Audit and Nominations Committees

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

Mondi Group Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 16 May 2022

Mondi plc Announces Retirement of Tanya Fratto as Non Executive Director

Mondi plc Announces Retirement of Tanya Fratto as Non Executive Director

Investor sentiment deteriorated over the past week

Nitto Denko Corporation (TSE:6988) agreed to acquire Personal Care Components Business of Mondi Plc for €615 million.

Mondi plc to Report First Half, 2022 Results on Aug 04, 2022

Group CFO & Executive Director recently bought UK£99k worth of stock

Independent Chairman recently bought UK£89k worth of stock

Upcoming dividend of €0.20 per share

Independent Non-Executive Director Enoch Godongwana has left the company

Mondi plc (LSE:MNDI) completed the acquisition of 90.4% stake in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.S. (IBSE:OLMIP) from International Paper Company (NYSE:IP).

Senior Independent Director has left the company

Mondi plc Announces Final Dividend for the Year Ended 31 December 2020, Payable on 13 May 2021

Upcoming dividend of €0.41 per share

Full year 2020 earnings released: EPS €1.20 (vs €1.68 in FY 2019)

Full year 2020 earnings released: EPS €1.20 (vs €1.68 in FY 2019)

Revenue misses expectations

Mondi Reportedly Considers Bid for DS Smith

Mondi plc Announces Board Appointments, Effective on April 22, 2021

Mondi plc Announces the Retirement of Stephen Harris as Independent Director

New 90-day high: UK£18.27