Pacific Basin Shipping Management
Management criteria checks 3/4
Pacific Basin Shipping's CEO is Martin Fruergaard, appointed in Jul 2021, has a tenure of 3.33 years. total yearly compensation is $2.22M, comprised of 49.1% salary and 50.9% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth HK$18.16M. The average tenure of the management team and the board of directors is 2.8 years and 3.7 years respectively.
Key information
Martin Fruergaard
Chief executive officer
US$2.2m
Total compensation
| CEO salary percentage | 49.1% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.8yrs |
| Board average tenure | 3.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$82m |
| Mar 31 2024 | n/a | n/a | US$96m |
| Dec 31 2023 | US$2m | US$1m | US$109m |
| Sep 30 2023 | n/a | n/a | US$216m |
| Jun 30 2023 | n/a | n/a | US$322m |
| Mar 31 2023 | n/a | n/a | US$512m |
| Dec 31 2022 | US$3m | US$919k | US$702m |
| Sep 30 2022 | n/a | n/a | US$926m |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$997m |
| Dec 31 2021 | US$2m | US$472k | US$845m |
Compensation vs Market: Martin's total compensation ($USD2.22M) is above average for companies of similar size in the Hong Kong market ($USD488.08K).
Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.
CEO
Martin Fruergaard (56 yo)
3.3yrs
Tenure
US$2,224,000
Compensation
Mr. Martin Fruergaard serves as an Interim Chief Financial Officer since October 31, 2024 and the Chief Executive Officer since July 31, 2021 and also an Executive Director at Pacific Basin Shipping Limite...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Interim CFO & Executive Director | 3.3yrs | US$2.22m | 0.19% HK$ 18.2m | |
| Director of Accounting | no data | no data | no data | |
| Director of Human Resources & Administration | no data | no data | no data | |
| Head of Investor Relations & Corporate Communication | 3.8yrs | no data | no data | |
| General Manager of Insurance & Legal | 2.8yrs | no data | no data | |
| Director of Sale & Purchase | 7.8yrs | no data | no data | |
| Head of Sustainability | 2.7yrs | no data | no data | |
| Director of Asset Management | no data | no data | no data | |
| Head of Atlantic Supramax | 2.8yrs | no data | no data | |
| Chief Engineer Columbia River | no data | no data | no data | |
| Head of Pacific Supramax & Pacific Chartering | 2.8yrs | no data | no data | |
| Head of Atlantic Handysize & Atlantic Chartering | 2.8yrs | no data | no data |
2.8yrs
Average Tenure
Experienced Management: 2343's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Interim CFO & Executive Director | 3.3yrs | US$2.22m | 0.19% HK$ 18.2m | |
| Independent Non-Executive Director | 5.2yrs | US$106.00k | no data | |
| Independent Non-Executive Director | 4yrs | US$118.00k | 0.0022% HK$ 206.9k | |
| Independent Non-Executive Director | 10.5yrs | US$104.00k | no data | |
| Non-Executive Director | less than a year | US$2.55m | no data | |
| Independent Non-Executive Chairman | 8.3yrs | US$170.00k | no data | |
| Non-Executive Director | 2.8yrs | US$106.00k | no data | |
| Independent Non-Executive Director | less than a year | no data | 0.0039% HK$ 376.4k |
3.7yrs
Average Tenure
59yo
Average Age
Experienced Board: 2343's board of directors are considered experienced (3.7 years average tenure).