Iveco Group Management
Management criteria checks 2/4
Iveco Group's CEO is Gerrit Marx, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is €6.41M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth €6.10M. The average tenure of the management team and the board of directors is 2.3 years and 2.3 years respectively.
Key information
Gerrit Marx
Chief executive officer
€6.4m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.3yrs |
| Board average tenure | 2.3yrs |
Recent management updates
Recent updates
Iveco Group N.V.'s (BIT:IVG) Intrinsic Value Is Potentially 31% Above Its Share Price
May 03
Is Now The Time To Look At Buying Iveco Group N.V. (BIT:IVG)?
Apr 18Iveco Group (BIT:IVG) Takes On Some Risk With Its Use Of Debt
Apr 05Market Participants Recognise Iveco Group N.V.'s (BIT:IVG) Earnings Pushing Shares 31% Higher
Mar 22If EPS Growth Is Important To You, Iveco Group (BIT:IVG) Presents An Opportunity
Mar 20We Think Iveco Group's (BIT:IVG) Profit Is Only A Baseline For What They Can Achieve
Feb 16Iveco Group N.V. Just Missed Earnings - But Analysts Have Updated Their Models
Feb 13Revenues Tell The Story For Iveco Group N.V. (BIT:IVG) As Its Stock Soars 26%
Feb 03We Like These Underlying Return On Capital Trends At Iveco Group (BIT:IVG)
Jan 27Is It Time To Consider Buying Iveco Group N.V. (BIT:IVG)?
Jan 09Investors Appear Satisfied With Iveco Group N.V.'s (BIT:IVG) Prospects
Nov 29Returns On Capital Are Showing Encouraging Signs At Iveco Group (BIT:IVG)
Oct 03Returns On Capital At Iveco Group (BIT:IVG) Have Stalled
Jun 30The Strong Earnings Posted By Iveco Group (BIT:IVG) Are A Good Indication Of The Strength Of The Business
Feb 18We Like These Underlying Return On Capital Trends At Iveco Group (BIT:IVG)
Feb 14Iveco Group N.V. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Aug 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | €6m | €750k | €218m |
| Sep 30 2023 | n/a | n/a | €332m |
| Jun 30 2023 | n/a | n/a | €291m |
| Mar 31 2023 | n/a | n/a | €170m |
| Dec 31 2022 | €6m | €750k | €147m |
Compensation vs Market: Gerrit's total compensation ($USD6.90M) is above average for companies of similar size in the Italian market ($USD1.91M).
Compensation vs Earnings: Gerrit's compensation has been consistent with company performance over the past year.
CEO
Gerrit Marx (48 yo)
2.3yrs
Tenure
€6,406,242
Compensation
Mr. Gerrit A. Marx, Ph D., has been the Chief Executive Officer at Iveco Group N.V. since January 1, 2022 and serves as its Executive Director. He is the Chief Executive Officer of Iveco S.p.A. (“Iveco”) s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairperson | 2.3yrs | €759.31k | 0.024% € 739.9k | |
| CEO & Executive Director | 2.3yrs | €6.41m | 0.20% € 6.1m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Technology & Digital Officer | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Legal & Compliance Officer and Board Secretary | no data | no data | no data | |
| Chief Communications Officer | no data | no data | no data | |
| Chief Human Resources & Information Technology Officer | no data | no data | no data | |
| President of Truck Business Unit | no data | no data | no data | |
| President of Bus Business Unit | no data | no data | no data | |
| President of Powertrain Business Unit | 2.6yrs | no data | no data | |
| President of Defence Vehicles & ASTRA Business Unit | no data | no data | no data |
2.3yrs
Average Tenure
51yo
Average Age
Experienced Management: IVG's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairperson | 2.3yrs | €759.31k | 0.024% € 739.9k | |
| CEO & Executive Director | no data | €6.41m | 0.20% € 6.1m | |
| Independent Non-Executive Director | 2.3yrs | €149.88k | 0.0053% € 163.2k | |
| Senior Independent Non-Executive Director?? | 2.3yrs | €132.00k | 0.013% € 407.2k | |
| Non-Executive Director | 2.3yrs | €150.00k | 0.011% € 339.5k | |
| Independent Non-Executive Director | 2.3yrs | €140.00k | 0.0047% € 144.0k | |
| Non-Executive Director | 2.3yrs | €150.00k | 0.026% € 802.7k | |
| Independent Non-Executive Director | 2.3yrs | €165.78k | 0.0051% € 156.5k | |
| Independent Non-Executive Director | less than a year | no data | no data |
2.3yrs
Average Tenure
57yo
Average Age
Experienced Board: IVG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.