Bank of Valletta Management
Management criteria checks 2/4
Bank of Valletta's CEO is Kenneth Farrugia, appointed in Oct 2022, has a tenure of 1.5 years. total yearly compensation is €402.59K, comprised of 68.4% salary and 31.6% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth €131.68K. The average tenure of the management team and the board of directors is 2.8 years and 2.9 years respectively.
Key information
Kenneth Farrugia
Chief executive officer
€402.6k
Total compensation
| CEO salary percentage | 68.4% |
| CEO tenure | 1.5yrs |
| CEO ownership | 0.02% |
| Management average tenure | 2.8yrs |
| Board average tenure | 2.9yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | €403k | €276k | €168m |
| Sep 30 2023 | n/a | n/a | €171m |
| Jun 30 2023 | n/a | n/a | €147m |
| Mar 31 2023 | n/a | n/a | €89m |
| Dec 31 2022 | €218k | €40k | €32m |
Compensation vs Market: Kenneth's total compensation ($USD427.78K) is below average for companies of similar size in the MT market ($USD1.01M).
Compensation vs Earnings: Kenneth's compensation has increased by more than 20% in the past year.
CEO
Kenneth Farrugia
1.5yrs
Tenure
€402,586
Compensation
Mr. Kenneth Farrugia serves as Chief Executive Officer & Executive Director of Bank of Valletta p.l.c. since 2022. He was the Chief Retail Banking Officer of Bank of Valletta p.l.c. until 2022. Mr. Farrugi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.5yrs | €402.59k | 0.016% € 131.7k | |
| Executive Director & Group Chief Compliance Officer | no data | €80.81k | 0.0011% € 8.9k | |
| Chief Financial Officer | 3.1yrs | no data | no data | |
| Chief Operations Officer | 7.9yrs | no data | no data | |
| Chief Technology Officer | 9.5yrs | no data | no data | |
| Chief People & Culture Officer | 2.3yrs | no data | no data | |
| Chief Business Banking Officer | no data | no data | no data | |
| Head of Chief Executive Officer's Office | no data | no data | no data | |
| Chief Personal & Wealth Officer | 3.3yrs | no data | no data | |
| Chief Digital Officer | 2.6yrs | no data | no data | |
| Group Chief Internal Auditor | 2.5yrs | no data | no data | |
| Chief Strategy | no data | no data | no data |
2.8yrs
Average Tenure
Experienced Management: BOV's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.5yrs | €402.59k | 0.016% € 131.7k | |
| Executive Director & Group Chief Compliance Officer | less than a year | €80.81k | 0.0011% € 8.9k | |
| Non-Executive Director | 9.3yrs | €109.74k | no data | |
| Independent Non-Executive Chairman | 3.5yrs | €108.00k | no data | |
| Independent Non-Executive Director | 2.9yrs | €34.86k | 0.017% € 140.0k | |
| Independent Non-Executive Director | 7.3yrs | €37.70k | no data | |
| Independent Non-Executive Director | 4.3yrs | €37.72k | 0.0050% € 41.0k | |
| Independent Non-Executive Director | 2.9yrs | €30.47k | no data | |
| Independent Non Executive Director | 2.9yrs | €32.50k | no data | |
| Independent Non-Executive Director | 1.5yrs | €39.43k | no data | |
| Independent Non-Executive Director | less than a year | €16.54k | no data | |
| Independent Non-Executive Director | less than a year | €20.21k | no data |
2.9yrs
Average Tenure
Experienced Board: BOV's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.