ASSA ABLOY Management

Management criteria checks 4/4

ASSA ABLOY's CEO is Nico Delvaux, appointed in Mar 2018, has a tenure of 6.42 years. total yearly compensation is SEK57.63M, comprised of 40.3% salary and 59.7% bonuses, including company stock and options. directly owns 0.025% of the company’s shares, worth MX$152.27M. The average tenure of the management team and the board of directors is 4.6 years and 3.3 years respectively.

Key information

Nico Delvaux

Chief executive officer

SEK 57.6m

Total compensation

CEO salary percentage	40.3%
CEO tenure	6.4yrs
CEO ownership	0.02%
Management average tenure	4.6yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nico Delvaux's remuneration changed compared to ASSA ABLOY's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	SEK 15b
Mar 31 2024	n/a	n/a	SEK 14b
Dec 31 2023	SEK 58m	SEK 23m	SEK 14b
Sep 30 2023	n/a	n/a	SEK 13b
Jun 30 2023	n/a	n/a	SEK 14b
Mar 31 2023	n/a	n/a	SEK 13b
Dec 31 2022	SEK 52m	SEK 21m	SEK 13b
Sep 30 2022	n/a	n/a	SEK 13b
Jun 30 2022	n/a	n/a	SEK 11b
Mar 31 2022	n/a	n/a	SEK 12b
Dec 31 2021	SEK 50m	SEK 19m	SEK 11b
Sep 30 2021	n/a	n/a	SEK 9b
Jun 30 2021	n/a	n/a	SEK 11b
Mar 31 2021	n/a	n/a	SEK 10b
Dec 31 2020	SEK 35m	SEK 18m	SEK 9b
Sep 30 2020	n/a	n/a	SEK 10b
Jun 30 2020	n/a	n/a	SEK 8b
Mar 31 2020	n/a	n/a	SEK 10b
Dec 31 2019	SEK 43m	SEK 17m	SEK 10b
Sep 30 2019	n/a	n/a	SEK 9b
Jun 30 2019	n/a	n/a	SEK 9b
Mar 31 2019	n/a	n/a	SEK 3b
Dec 31 2018	SEK 29m	SEK 13m	SEK 3b

Compensation vs Market: Nico's total compensation ($USD5.52M) is about average for companies of similar size in the MX market ($USD6.10M).

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

CEO

Nico Delvaux (58 yo)

6.4yrs

Tenure

SEK 57,626,000

Compensation

Mr. Nico Delvaux has been President, Chief Executive Officer and Head of Global Technologies Division at ASSA ABLOY AB (publ) since March 15, 2018. Mr. Delvaux served as Chief Executive Officer and Preside...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nico Delvaux	President	6.4yrs	SEK 57.63m	0.025% SEK 152.3m
Erik Pieder	Executive VP & CFO	5.6yrs	no data	0.0020% SEK 12.1m
Björn Tibell	Head of Investor Relations	no data	no data	no data
Ann Holmberg	Head of Corporate Communications	22.1yrs	no data	no data
Helle Bay	Executive VP & Chief HR Officer	2.2yrs	no data	0.00029% SEK 1.8m
Lucas Boselli	Executive VP & Head of Americas Division	6.3yrs	no data	0.0080% SEK 49.4m
Neil Vann	Executive VP & Head of EMEA division	6.1yrs	no data	0.0031% SEK 18.9m
Bjorn Lidefelt	Executive VP & Head of Global Technologies Business Unit HID Global	4.6yrs	no data	0.0040% SEK 24.6m
Simon Ellis	EVP and Head of Asia Pacific Business Unit ASSA ABLOY Opening Solutions Pacific & North East Asia	3.6yrs	no data	0.00074% SEK 4.6m
Martin Poxton	EVP and Head of Asia Pacific Business Unit ASSA ABLOY Opening Solutions Greater China & SEA	3.6yrs	no data	0.00061% SEK 3.8m
Massimo Grassi	Executive VP & Head of Entrance Systems Division	2.9yrs	no data	0.0014% SEK 8.5m
Stephanie Ordan	Executive VP & Head of the Global Solutions Business Unit of Global Technologies Division	2.9yrs	no data	0.0011% SEK 6.8m

4.6yrs

Average Tenure

52yo

Average Age

Experienced Management: 0R87 N's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lena Olving	Independent Director	6.3yrs	SEK 1.13m	0.000050% SEK 308.5k
Carl Douglas	Independent Vice Chairman	20.6yrs	SEK 1.12m	no data
Sofia Hogberg	Independent Director	7.3yrs	SEK 890.00k	no data
Joakim Weidemanis	Independent Director	4.3yrs	SEK 890.00k	no data
Susanne Aklundh	Independent Director	3.3yrs	SEK 1.24m	0.00023% SEK 1.4m
Johan Hjertonsson	Independent Chairman	3.3yrs	SEK 3.17m	0.00090% SEK 5.6m
Bjarne Johansson	Employee Representative Deputy Director	9.6yrs	no data	no data
Victoria Van Camp	Independent Director	1.3yrs	SEK 1.13m	0.00061% SEK 3.8m
Erik Ekudden	Independent Director	2.3yrs	SEK 972.00k	no data
Annika Akerblom	Employee Representative Deputy Director	1.6yrs	no data	no data
Fredrik Bergvall	Deputy Board Member	less than a year	no data	no data

3.3yrs

Average Tenure

56yo

Average Age

Experienced Board: 0R87 N's board of directors are considered experienced (3.3 years average tenure).

ASSA ABLOY Management

Management criteria checks 4/4

Key information

Recent management updates

President recently bought Mex$6.6m worth of stock

Insider recently bought Mex$5.2m worth of stock

High number of new directors

High number of new directors

ASSA ABLOY AB (publ), Annual General Meeting, Apr 24, 2024

ASSA ABLOY Appoints Sharad Kapoor as Director of Sales and Head of Yale (Retail)

Recent updates

ASSA ABLOY AB (publ) (OM:ASSA B) acquired SKIDATA AG from Kudelski SA (SWX:KUD).

ASSA ABLOY AB (publ) (OM:ASSA B) signed an agreement to acquire SKIDATA AG from Kudelski SA (SWX:KUD) for an enterprise value of €340 million.

ASSA ABLOY AB (publ) (OM:ASSA B) signed an agreement to acquire SKIDATA AG from Kudelski SA (SWX:KUD) for an enterprise value of €340 million.

Tell Manufacturing Offers Increased Accessibility for Commercial Buildings with Introduction of LE2000 Electronic Lock

President recently bought Mex$6.6m worth of stock

Dividend of kr2.70 announced

Insider recently bought Mex$5.2m worth of stock

First quarter 2024 earnings released: EPS: kr3.11 (vs kr2.44 in 1Q 2023)

Assa Abloy AB (Publ) Approves Dividend, Payable on May 2, 2024 and November 14, 2024

High number of new directors

ASSA ABLOY AB (publ) (OM:ASSA B) acquired MESSERSCHMITT Systems GmbH.

ASSA ABLOY AB (publ) Proposes Dividend to Be Paid Out in Two Equal Installments, Payable on May 02, 2024 and on November 14, 2024

Assa Abloy AB (Publ) Proposes Dividend for 2023

ASSA ABLOY AB (publ) (OM:ASSA B) signed an agreement to acquire Amecor Integrated Solutions (Pty) Ltd

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Integrated Warehouse Solutions West, Inc.

ASSA ABLOY AB (publ) to Report Q3, 2024 Results on Oct 23, 2024

ASSA ABLOY AB (publ) to Report First Half, 2024 Results on Jul 17, 2024

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Ghost Controls, LLC.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Leone Fence Co. Ltd.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Leone Fence Co. Ltd.

High number of new directors

ASSA ABLOY AB (publ), Annual General Meeting, Apr 24, 2024

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Securitech Group Inc.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Grupo Forte S.A.C.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Grupo Forte S.A.C.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Lawrence Hardware, Inc.

ASSA ABLOY Appoints Sharad Kapoor as Director of Sales and Head of Yale (Retail)

ASSA ABLOY AB (publ) to Report Fiscal Year 2023 Results on Jun 02, 2024

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Sunray Engineering Limited.

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Sunray Engineering Limited.

ASSA ABLOY AB (publ) (OM:ASSA B) completed the acquisition of Hardware and Home Improvement Business of Spectrum Brands Holdings, Inc. (NYSE:SPB).

High number of new directors

Full year 2022 earnings released: EPS: kr11.97 (vs kr9.81 in FY 2021)

ASSA ABLOY AB (publ) to Report Fiscal Year 2022 Final Results on Mar 06, 2023

ASSA ABLOY AB (publ) Announces Eva Karlsson Declines Re-Election as Board Member

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Janam Technologies LLC.

ASSA ABLOY AB (publ) Announces Non-Availability of Lars Renström, Chairman of Board of Directors, for Re-Election At the Next Annual General Meeting

Insider recently sold Mex$864k worth of stock

Investor sentiment improved over the past week

ASSA ABLOY AB (publ) (OM:ASSA B) acquired D&D Technologies Pty Ltd.

ASSA ABLOY AB (publ) Announces Members of Nomination Committee

Third quarter 2022 earnings released: EPS: kr3.20 (vs kr2.15 in 3Q 2021)

ASSA ABLOY AB (publ), Annual General Meeting, Apr 26, 2023

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Bird Home Automation Gmbh.

ASSA ABLOY AB (publ) (OM:ASSA B) agreed to acquire Control iD.

ASSA ABLOY AB (publ) (OM:ASSA B) agreed to acquire Control iD.

ASSA ABLOY AB (publ) (OM:ASSA B) agreed to acquire Control iD.

ASSA ABLOY AB (publ) (OM:ASSA B) entered into an agreement to acquire VHS Plastik Metal.

ASSA ABLOY AB (publ) to Report Nine Months, 2022 Results on Oct 26, 2022

ASSA ABLOY AB (publ) (OM:ASSA B) acquired JNewton Enterprises, Inc.

ASSA ABLOY AB (publ) (OM:ASSA B) signed an agreement to acquire Alcea.

Second quarter 2022 earnings released

ASSA ABLOY AB (publ) to Report Q2, 2022 Results on Jul 19, 2022

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Caldwell Manufacturing Company North America, LLC.

Insider recently bought Mex$2.7m worth of stock

ASSA ABLOY AB (publ) Approves Dividend, Payable on 4 May 2022 and 25 November 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Executive VP & CFO recently bought Mex$160k worth of stock

Insider recently sold Mex$611k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

ASSA ABLOY AB (publ) to Report Fiscal Year 2021 Results on Mar 07, 2022

ASSA ABLOY AB (publ) Proposes Dividend for the Year 2021

ASSA ABLOY AB (publ) (OM:ASSA B) acquired B&B Roadway and Security Solutions, LLC.

Upcoming dividend of kr1.95 per share

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Capital Door Service.

President recently bought Mex$6.9m worth of stock

ASSA ABLOY AB (publ) (OM:ASSA B) entered into an agreement to acquire Hardware division from MR GROUP.

Insider recently sold Mex$1.8m worth of stock

ASSA ABLOY AB (publ) (OM:ASSA B) acquired Sure-Loc Hardware, Inc.