Compagnie Générale des Établissements Michelin Société en commandite par actions Management
Management criteria checks 4/4
Compagnie Générale des Établissements Michelin Société en commandite par actions' CEO is Florent Menegaux, appointed in May 2019, has a tenure of 4.92 years. total yearly compensation is €2.80M, comprised of 36.3% salary and 63.7% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth MX$85.49M. The average tenure of the management team and the board of directors is 4 years and 5.9 years respectively.
Key information
Florent Menegaux
Chief executive officer
€2.8m
Total compensation
| CEO salary percentage | 36.3% |
| CEO tenure | 4.9yrs |
| CEO ownership | 0.02% |
| Management average tenure | 4yrs |
| Board average tenure | 5.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | €2b |
| Sep 30 2023 | n/a | n/a | €2b |
| Jun 30 2023 | n/a | n/a | €2b |
| Mar 31 2023 | n/a | n/a | €2b |
| Dec 31 2022 | €3m | €1m | €2b |
| Sep 30 2022 | n/a | n/a | €2b |
| Jun 30 2022 | n/a | n/a | €2b |
| Mar 31 2022 | n/a | n/a | €2b |
| Dec 31 2021 | €3m | €900k | €2b |
| Sep 30 2021 | n/a | n/a | €2b |
| Jun 30 2021 | n/a | n/a | €2b |
| Mar 31 2021 | n/a | n/a | €1b |
| Dec 31 2020 | €2m | €900k | €628m |
| Sep 30 2020 | n/a | n/a | €691m |
| Jun 30 2020 | n/a | n/a | €754m |
| Mar 31 2020 | n/a | n/a | €1b |
| Dec 31 2019 | €2m | €900k | €2b |
| Sep 30 2019 | n/a | n/a | €2b |
| Jun 30 2019 | n/a | n/a | €2b |
| Mar 31 2019 | n/a | n/a | €2b |
| Dec 31 2018 | €2m | €555k | €2b |
Compensation vs Market: Florent's total compensation ($USD3.00M) is below average for companies of similar size in the MX market ($USD5.98M).
Compensation vs Earnings: Florent's compensation has been consistent with company performance over the past year.
CEO
Florent Menegaux (61 yo)
4.9yrs
Tenure
€2,798,983
Compensation
Mr. Florent Menegaux serves as a Chief Executive Officer at Compagnie Générale des Établissements Michelin since May 15, 2019 and its Managing General Partner since May 18, 2018 also its Managing Chairman...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Managing Partner | 4.8yrs | €2.35m | 0.0086% € 40.4m | |
| CEO, Managing General Partner & Managing Chairman | 4.9yrs | €2.80m | 0.018% € 85.5m | |
| Head of Investor Relations | no data | no data | no data | |
| Group General Counsel | no data | no data | no data | |
| Chief People Officer | 5.1yrs | no data | no data | |
| Executive Vice President of Engagement & Brands and Michelin Lifestyle | no data | no data | no data | |
| Executive Vice President of Research & Development | 5.1yrs | no data | no data | |
| Executive Vice President Automotive | no data | no data | no data | |
| Executive VP of Long-Distance & Urban Transportation and Head of Europe Regions | 3.3yrs | no data | no data | |
| EVP of Dist | 3.3yrs | no data | no data | |
| Executive Vice President of High Tech Materials | 2.8yrs | no data | no data | |
| Executive Vice President of Manufacturing | 1.3yrs | no data | no data |
4.0yrs
Average Tenure
61yo
Average Age
Experienced Management: ML N's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non Independent Chairman of Supervisory Board | 15.9yrs | €400.00k | 0.00038% € 1.8m | |
| Independent Member of Supervisory Board | 10.9yrs | €85.00k | 0.00029% € 1.4m | |
| Independent Member of Supervisory Board | 8.5yrs | €115.00k | 0.00056% € 2.6m | |
| Senior Independent Supervisory Board Member | 5.9yrs | €85.00k | 0.00022% € 1.0m | |
| Independent Member of the Supervisory Board | 2.9yrs | €80.00k | 0.00022% € 1.0m | |
| Independent Supervisory Board Member | 3.4yrs | €60.00k | 0.00022% € 1.0m | |
| Independent Supervisory Board Member | 3.8yrs | €99.40k | 0.00022% € 1.0m | |
| Independent Member of Supervisory Board | 8.9yrs | €78.80k | 0.00022% € 1.0m | |
| Independent Member of Supervisory Board | 10.9yrs | €90.00k | 0.00051% € 2.4m | |
| Employee Representative Member of Supervisory Board | 3.3yrs | €70.00k | 0.000080% € 375.8k | |
| Employee Representative Member of Supervisory Board | 3.3yrs | €60.00k | 0.000060% € 281.8k |
5.9yrs
Average Tenure
63yo
Average Age
Experienced Board: ML N's board of directors are considered experienced (5.9 years average tenure).