Marel hf Management

Management criteria checks 2/4

Marel hf's CEO is Arni Sigurdsson, appointed in Nov 2023, has a tenure of less than a year. total yearly compensation is €907.71K, comprised of 13.3% salary and 86.7% bonuses, including company stock and options. directly owns 0.086% of the company’s shares, worth ISK315.10M. The average tenure of the management team and the board of directors is 0.5 years and 7.7 years respectively.

Key information

Arni Sigurdsson

Chief executive officer

€907.7k

Total compensation

CEO salary percentage	13.3%
CEO tenure	less than a year
CEO ownership	0.09%
Management average tenure	less than a year
Board average tenure	7.7yrs

Recent management updates

Recent updates

This Is Why We Think Marel hf.'s (ICE:MAREL) CEO Might Get A Pay Rise Approved By Shareholders

Mar 16

Here's Why Marel hf (ICE:MAREL) Has A Meaningful Debt Burden

Feb 25

A Look At The Fair Value Of Marel hf. (ICE:MAREL)

Dec 10

Is Marel hf (ICE:MAREL) A Risky Investment?

Nov 22

Marel hf.'s (ICE:MAREL) Intrinsic Value Is Potentially 28% Above Its Share Price

Sep 10

Marel hf (ICE:MAREL) Seems To Use Debt Quite Sensibly

May 31

Is Marel hf. (ICE:MAREL) Expensive For A Reason? A Look At Its Intrinsic Value

Apr 23

Shareholders Will Probably Not Have Any Issues With Marel hf.'s (ICE:MAREL) CEO Compensation

Mar 09

Marel hf (ICE:MAREL) Seems To Use Debt Quite Sensibly

Mar 01

Marel hf (ICE:MAREL) Hasn't Managed To Accelerate Its Returns

Jan 22

Estimating The Fair Value Of Marel hf. (ICE:MAREL)

Jan 05

We Think Marel hf (ICE:MAREL) Can Stay On Top Of Its Debt

Nov 20

Investors Met With Slowing Returns on Capital At Marel hf (ICE:MAREL)

Oct 20

Does This Valuation Of Marel hf. (ICE:MAREL) Imply Investors Are Overpaying?

Oct 02

Marel hf (ICE:MAREL) Has A Rock Solid Balance Sheet

Aug 10

Marel hf (ICE:MAREL) Hasn't Managed To Accelerate Its Returns

Jul 05

Marel hf.'s (ICE:MAREL) Intrinsic Value Is Potentially 26% Below Its Share Price

May 04

Is Marel hf (ICE:MAREL) Using Too Much Debt?

Apr 18

Here's What's Concerning About Marel hf's (ICE:MAREL) Returns On Capital

Mar 25

Marel hf (ICE:MAREL) Has Gifted Shareholders With A Fantastic 284% Total Return On Their Investment

Mar 01

CEO Compensation Analysis

How has Arni Sigurdsson's remuneration changed compared to Marel hf's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€908k	€121k	€31m

Compensation vs Market: Arni's total compensation ($USD968.43K) is below average for companies of similar size in the IS market ($USD1.85M).

Compensation vs Earnings: Insufficient data to compare Arni's compensation with company performance.

CEO

Arni Sigurdsson (40 yo)

less than a year

Tenure

€907,707

Compensation

Mr. Arni Sigurdsson serves as Chief Executive Officer at Marel hf. since December 11, 2023. Mr. Sigurdsson joined the Marel hf.in 2014. He had been a Chief Business Officer and Deputy Chief Executive Offi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arni Sigurdsson	CEO & Member of Executive Board	less than a year	€907.71k	0.086% € 315.1m
Sebastiaan Antonius Boelen	Chief Financial Officer	less than a year	no data	no data
David Oddsson	Chief Human Resource Officer & Member of Executive Board	no data	no data	no data
Tinna Molphy	Director of Investor Relations	no data	no data	no data
Arie Tulp	Sales & Marketing Director	no data	no data	no data
Kristján Þorsteinsson	Director of Finance & Secretary	no data	no data	no data
Bjarki Bjornsson	Corporate Director of Treasury & Financing	9.6yrs	no data	no data

0.5yrs

Average Tenure

Experienced Management: MAREL's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Ann Savage	Independent Director	11.2yrs	€70.00k	no data
Svafa Gronfeldt	Independent Director	3.2yrs	€83.00k	no data
Arnar Masson	Independent Chairman of the Board	23.3yrs	€186.00k	0.033% € 121.0m
Lillie Valeur	Independent Director	4.2yrs	€70.00k	no data
Astvaldur Johannsson	Independent Director	10.2yrs	€67.00k	0.00066% € 2.4m
Ton Van der Laan	Independent Director	5.2yrs	€67.00k	no data

7.7yrs

Average Tenure

60yo

Average Age

Experienced Board: MAREL's board of directors are considered experienced (7.7 years average tenure).

Marel hf Management

Management criteria checks 2/4

Key information

Recent management updates

JBT Corporation and Marel hf. Announce Management Changes

Marel and John Bean Technologies Corporation Announces Executive Changes

Insufficient new directors

Marel hf. Announces Chief Financial Officer Changes

Insufficient new directors

Marel hf. Announces Linda Jonsdottir to Step Down as Chief Operating Officer

Recent updates

JBT Corporation and Marel hf. Announce Management Changes

Marel and John Bean Technologies Corporation Announces Executive Changes

Insufficient new directors

Now 21% undervalued after recent price drop

Marel hf. Announces Chief Financial Officer Changes

Insufficient new directors

Dividend of €0.0082 announced

Marel hf. Announces Linda Jonsdottir to Step Down as Chief Operating Officer

Marel hf. to Report Q2, 2024 Results on Jul 24, 2024

Marel Appoints Arni Sigurdsson as Chief Executive Officer

John Bean Technologies Corporation (NYSE:JBT) cancelled the acquisition of Marel hf. (ICSE:MAREL).

Investor sentiment improves as stock rises 18%

JBT Corporation Confirms Non-Binding Proposal to Acquire Marel

Marel hf. Announces CEO Changes

Consensus EPS estimates fall by 29%

Marel hf. Provides Earnings Guidance for the period 2017-2026

Third quarter 2023 earnings released: EPS: €0.013 (vs €0.012 in 3Q 2022)

Now 22% undervalued after recent price drop

Estimating The Intrinsic Value Of Marel hf. (ICE:MAREL)

Marel hf (ICE:MAREL) Has A Somewhat Strained Balance Sheet

Insufficient new directors

Second quarter 2023 earnings released: EPS: €0.004 (vs €0.013 in 2Q 2022)

A Look At The Intrinsic Value Of Marel hf. (ICE:MAREL)

Marel hf (ICE:MAREL) Takes On Some Risk With Its Use Of Debt

Consensus EPS estimates fall by 44%

Investor sentiment deteriorates as stock falls 24%

First quarter 2023 earnings released: EPS: €0.012 (vs €0.029 in 1Q 2022)

Upcoming dividend of €0.016 per share at 0.4% yield

Estimating The Intrinsic Value Of Marel hf. (ICE:MAREL)

This Is Why We Think Marel hf.'s (ICE:MAREL) CEO Might Get A Pay Rise Approved By Shareholders

Here's Why Marel hf (ICE:MAREL) Has A Meaningful Debt Burden

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Marel hf. to Propose Dividend for 2022

Marel hf., Annual General Meeting, Mar 20, 2024

A Look At The Fair Value Of Marel hf. (ICE:MAREL)

Is Marel hf (ICE:MAREL) A Risky Investment?

Consensus forecasts updated

Third quarter 2022 earnings released: EPS: €0.012 (vs €0.031 in 3Q 2021)

Marel Hf. Provides Earnings Guidance for the 2022-2023

Investor sentiment improved over the past week

Consensus forecasts updated

Investor sentiment deteriorated over the past week

Now 22% undervalued after recent price drop

Marel hf.'s (ICE:MAREL) Intrinsic Value Is Potentially 28% Above Its Share Price

Now 20% undervalued after recent price drop

Consensus forecasts updated

Second quarter 2022 earnings released: EPS: €0.013 (vs €0.031 in 2Q 2021)

Now 22% undervalued after recent price drop

Marel hf. (ICSE:MAREL) completed the acquisition of Wenger Manufacturing, Inc. from the seller family for approximately $530 million.

Marel hf. (ICSE:MAREL) commences an Equity Buyback for 10% of its issued share capital, under the authorization approved on March 16, 2022.

Marel hf (ICE:MAREL) Seems To Use Debt Quite Sensibly

Consensus forecasts updated

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Marel hf. (ICSE:MAREL) acquired Sleegers Technique.

Is Marel hf. (ICE:MAREL) Expensive For A Reason? A Look At Its Intrinsic Value

Upcoming dividend of €0.051 per share

Marel Hf. Announces Executive Changes

Shareholders Will Probably Not Have Any Issues With Marel hf.'s (ICE:MAREL) CEO Compensation

Marel hf (ICE:MAREL) Seems To Use Debt Quite Sensibly

Consensus forecasts updated

Full year 2021 earnings: EPS misses analyst expectations

Marel hf. Proposes Dividend for the Year 2021

Marel hf. Proposes Dividend for the Year 2022

Marel hf (ICE:MAREL) Hasn't Managed To Accelerate Its Returns

Estimating The Fair Value Of Marel hf. (ICE:MAREL)

We Think Marel hf (ICE:MAREL) Can Stay On Top Of Its Debt

Third quarter 2021 earnings released: EPS €0.031 (vs €0.039 in 3Q 2020)

Investors Met With Slowing Returns on Capital At Marel hf (ICE:MAREL)

Does This Valuation Of Marel hf. (ICE:MAREL) Imply Investors Are Overpaying?