TPI Composites Management
Management criteria checks 2/4
TPI Composites' CEO is Bill Siwek, appointed in May 2019, has a tenure of 4.42 years. total yearly compensation is $4.35M, comprised of 19.6% salary and 80.4% bonuses, including company stock and options. directly owns 0.45% of the company’s shares, worth MX$7.55M. The average tenure of the management team and the board of directors is 4 years and 4.1 years respectively.
Key information
Bill Siwek
Chief executive officer
US$4.4m
Total compensation
| CEO salary percentage | 19.6% |
| CEO tenure | 4.4yrs |
| CEO ownership | 0.5% |
| Management average tenure | 4yrs |
| Board average tenure | 4.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | -US$175m |
| Mar 31 2023 | n/a | n/a | -US$119m |
| Dec 31 2022 | US$4m | US$854k | -US$114m |
| Sep 30 2022 | n/a | n/a | -US$157m |
| Jun 30 2022 | n/a | n/a | -US$171m |
| Mar 31 2022 | n/a | n/a | -US$186m |
| Dec 31 2021 | US$3m | US$829k | -US$162m |
| Sep 30 2021 | n/a | n/a | -US$67m |
| Jun 30 2021 | n/a | n/a | US$6m |
| Mar 31 2021 | n/a | n/a | -US$20m |
| Dec 31 2020 | US$3m | US$725k | -US$85m |
| Sep 30 2020 | n/a | n/a | -US$25m |
| Jun 30 2020 | n/a | n/a | -US$72m |
| Mar 31 2020 | n/a | n/a | -US$4m |
| Dec 31 2019 | US$2m | US$570k | -US$16m |
| Sep 30 2019 | n/a | n/a | -US$24m |
| Jun 30 2019 | n/a | n/a | -US$10m |
| Mar 31 2019 | n/a | n/a | -US$15m |
| Dec 31 2018 | US$2m | US$498k | US$5m |
Compensation vs Market: Bill's total compensation ($USD4.35M) is above average for companies of similar size in the MX market ($USD214.14K).
Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.
CEO
Bill Siwek (60 yo)
4.4yrs
Tenure
US$4,350,542
Compensation
Mr. William E. Siwek, also known as Bill, has been President at TPI Composites, Inc. since May 13, 2019 and Its Chief Executive Officer May 20, 2020. He served as the Chief Financial Officer at TPI Composi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.4yrs | US$4.35m | 0.45% MX$ 7.5m | |
| Chief Financial Officer | 1.4yrs | US$1.41m | 0.032% MX$ 533.8k | |
| Chief Accounting Officer | 3.3yrs | US$1.19m | 0.019% MX$ 316.2k | |
| Chief Commercial Officer - Wind | 4yrs | US$1.59m | 0.032% MX$ 537.3k | |
| President of Automotive | 2.3yrs | US$2.03m | 0.045% MX$ 744.7k | |
| SVP of Technology & Global Projects | 3.7yrs | no data | no data | |
| Chief Information Officer | 4.1yrs | no data | no data | |
| Senior Director of Investor Relations | no data | no data | no data | |
| General Counsel & Secretary | 8.8yrs | US$1.01m | 0.11% MX$ 1.8m | |
| Chief People Officer | 5.9yrs | no data | no data | |
| Senior Vice President of Global Supply Chain | 2.4yrs | no data | no data | |
| Senior Vice President of Mexico | 4.8yrs | no data | no data |
4.0yrs
Average Tenure
52yo
Average Age
Experienced Management: TPIC *'s management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.4yrs | US$4.35m | 0.45% MX$ 7.5m | |
| Lead Independent Director | 3.4yrs | US$251.57k | 0.17% MX$ 2.8m | |
| Independent Director | 3.2yrs | US$216.57k | 0.035% MX$ 584.4k | |
| Independent Director | 16.8yrs | US$211.57k | 0.071% MX$ 1.2m | |
| Independent Director | 8yrs | US$216.57k | 0.083% MX$ 1.4m | |
| Chairman of the Board | 19.8yrs | US$331.57k | 1.01% MX$ 16.9m | |
| Independent Director | 6.1yrs | US$230.32k | 0.069% MX$ 1.1m | |
| Independent Director | 1.3yrs | US$216.30k | 0.022% MX$ 366.1k | |
| Independent Director | 4.8yrs | US$215.32k | 0.056% MX$ 932.3k | |
| Independent Director | 3.1yrs | US$220.32k | 0.032% MX$ 533.1k |
4.1yrs
Average Tenure
60yo
Average Age
Experienced Board: TPIC *'s board of directors are considered experienced (4.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/10/29 08:28 |
| End of Day Share Price | 2023/08/01 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
TPI Composites, Inc. is covered by 18 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Windham | Barclays |
| Julien Dumoulin-Smith | BofA Global Research |
| Dimple Gosai | BofA Global Research |