Forvia Management

Management criteria checks 3/4

Forvia's CEO is Patrick Koller, appointed in Jul 2016, has a tenure of 7.75 years. total yearly compensation is €5.52M, comprised of 19.9% salary and 80.1% bonuses, including company stock and options. directly owns 0.079% of the company’s shares, worth €2.20M. The average tenure of the management team and the board of directors is 5 years and 6.7 years respectively.

Key information

Patrick Koller

Chief executive officer

€5.5m

Total compensation

CEO salary percentage	19.9%
CEO tenure	7.8yrs
CEO ownership	0.08%
Management average tenure	5yrs
Board average tenure	6.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrick Koller's remuneration changed compared to Forvia's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€6m	€1m	€228m
Sep 30 2023	n/a	n/a	€82m
Jun 30 2023	n/a	n/a	-€81m
Mar 31 2023	n/a	n/a	-€232m
Dec 31 2022	€5m	€1m	-€364m
Sep 30 2022	n/a	n/a	-€407m
Jun 30 2022	n/a	n/a	-€449m
Mar 31 2022	n/a	n/a	-€216m
Dec 31 2021	€5m	€1m	€18m
Sep 30 2021	n/a	n/a	€125m
Jun 30 2021	n/a	n/a	€232m
Mar 31 2021	n/a	n/a	-€64m
Dec 31 2020	€3m	€855k	-€360m
Sep 30 2020	n/a	n/a	-€266m
Jun 30 2020	n/a	n/a	-€171m
Mar 31 2020	n/a	n/a	€209m
Dec 31 2019	€4m	€863k	€590m
Sep 30 2019	n/a	n/a	€647m
Jun 30 2019	n/a	n/a	€704m
Mar 31 2019	n/a	n/a	€703m
Dec 31 2018	€3m	€825k	€701m
Jun 30 2018	n/a	n/a	€638m
Mar 31 2018	n/a	n/a	€623m
Dec 31 2017	€3m	€750k	€607m

Compensation vs Market: Patrick's total compensation ($USD5.92M) is above average for companies of similar size in the Italian market ($USD1.81M).

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

CEO

Patrick Koller (64 yo)

7.8yrs

Tenure

€5,515,837

Compensation

Mr. Patrick Koller has been an Independent Director at Legrand SA since May 30, 2018. He has been the Chief Executive Officer of Forvia SE (formerly known as Faurecia S.E.) (formerly known as Faurecia S.A....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Koller	CEO & Director	7.8yrs	€5.52m	0.079% € 2.2m
Olivier Durand	Executive VP & Group CFO	2.3yrs	no data	no data
Olivier Lefebvre	Executive Vice President of Group Operations & Clean Mobility	less than a year	no data	no data
Marc Maillet	Head of Investor Relations	6.8yrs	no data	no data
Philippe McAllister	Chief Compliance Officer	8.9yrs	no data	no data
Jill Greene	Executive VP	less than a year	no data	no data
Victoria Chanial	Executive Vice President of Group Communications	3.3yrs	no data	no data
Thorsten Muschal	Executive VP and Vice Chair of Sales & Program Management	7yrs	no data	no data
Jean-Pierre Sounillac	Executive Vice-President of Group Human Resources	no data	no data	no data
Christophe Schmitte	Executive Vice President of Forvia Seating	less than a year	no data	no data
Francois Tardif	Executive Vice-President of Asia Business Region & Faurecia Clarion Electronics	6.3yrs	no data	no data
Jean-Paul Michel	Executive Vice President of Forvia Interiors	5yrs	no data	no data

5.0yrs

Average Tenure

59.5yo

Average Age

Experienced Management: 1FRVIA's management team is seasoned and experienced (5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Koller	CEO & Director	6.9yrs	€5.52m	0.079% € 2.2m
Michel de Rosen	Independent Chairman of the Board	7.9yrs	€311.39k	0.0064% € 178.5k
Jean-Bernard Levy	Independent Director	3.2yrs	€71.50k	0.00025% € 7.0k
Robert Peugeot	Representative Director	16.9yrs	€55.50k	0.00035% € 9.8k
Yann Delabrière	Honorary Chairman	6.8yrs	no data	no data
Penelope Herscher	Independent Director	6.9yrs	€67.00k	0.00025% € 7.0k
Odile Desforges	Independent Director	7.9yrs	€65.50k	0.00034% € 9.5k
Valerie Landon	Independent Director	6.5yrs	€58.00k	0.00033% € 9.2k
Denis Mercier	Independent Director	4.9yrs	€65.50k	0.00059% € 16.5k
Daniel Bernardino	Employee Representative Director	6.4yrs	€70.50k	no data
Emmanuel Pioche	Employee Representative Director	6.4yrs	€55.50k	no data
Judith Curran	Independent Director	2.2yrs	€48.00k	0.00025% € 7.0k

6.7yrs

Average Tenure

64yo

Average Age

Experienced Board: 1FRVIA's board of directors are considered experienced (6.7 years average tenure).

Forvia Management

Management criteria checks 3/4

Key information

Recent management updates

Faurecia S.E., Annual General Meeting, May 30, 2023

Recent updates

Forvia SE Expects Revenue Guidance for the Year 2024

Ogepar Nv signed an agreement to acquire Hug Engineering AG from Forvia SE (ENXTPA:FRVIA).

Forvia SE announced that it expects to receive €800 million in funding

Forvia SE announced that it expects to receive €800 million in funding

New major risk - Share price stability

Full year 2023 earnings released

FORVIA Proposes Cash Dividend

Forvia SE to Report First Half, 2024 Results on Jul 24, 2024

Forvia SE to Report Fiscal Year 2023 Results on Feb 19, 2024

Samvardhana Motherson Automotive Systems Group B.V. acquired 100% stake in SAS Autosystemtechnik GmbH & Co.KG from Faurecia S.E. (ENXTPA:EO).

First half 2023 earnings released: EPS: €0.051 (vs €1.94 loss in 1H 2022)

Forvia SE Revises Group Earnings Guidance for the Full Year 2023

Cummins Inc. (NYSE:CMI) agreed to acquire Two of Faurecia's commercial vehicle manufacturing plants and their related activities from Faurecia S.E. (ENXTPA:EO).

Cummins Inc. (NYSE:CMI) agreed to acquire Two of Faurecia's commercial vehicle manufacturing plants and their related activities from Faurecia S.E. (ENXTPA:EO).

Full year 2022 earnings released

Samvardhana Motherson Automotive Systems Group B.V. entered into agreement to acquire 100% stake in SAS Autosystemtechnik GmbH & Co.KG from Faurecia S.E. (ENXTPA:EO).

Faurecia and Cummins in Exclusive Negotiations Regarding the Potential Sale of A Designated Part of Faurecia's Commercial Vehicle Exhaust Business in Europe and the United States

Faurecia S.E., Annual General Meeting, May 30, 2023

Faurecia S.E. Provides Upgraded Sales Guidance for the Year 2022

First half 2022 earnings released

Faurecia S.E. Provides Financial Guidance for the Fiscal Year 2022

Full year 2021 earnings: Revenues exceed analyst expectations

Faurecia S.E. Provides Standalone Earnings Guidance for the Year 2022 and 2025

Faurecia S.E. (ENXTPA:EO) completed the acquisition of 60% stake in HELLA GmbH & Co. KGaA (XTRA:HLE) from Hueck family.

Faurecia S.E. (ENXTPA:EO) completed the acquisition of 60% stake in HELLA GmbH & Co. KGaA (XTRA:HLE) from Hueck family.

Investor sentiment deteriorated over the past week

Faurecia S.E. Revises Sales Guidance for the Year 2021

Investor sentiment improved over the past week

First half 2021 earnings released: EPS €1.31 (vs €3.04 loss in 1H 2020)

Faurecia S.E. (ENXTPA:EO) acquired Design LED Products Ltd. from Scottish Investment Bank Limited and others.

Faurecia S.E. Approves the Distribution of Gross Dividend, Payable on June 7, 2021

Faurecia S.E. (ENXTPA:EO) completed the acquisition of an unknown majority stake in Shenyang Gas Cylinder Safety Technology Co., Ltd.

Faurecia S.E. Provides Guidance for the Year 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age