Vestas Wind Systems A/S

BMV:VWS N Stock Report

Market Cap: Mex$290.8b

Vestas Wind Systems Management

Management criteria checks 3/4

Vestas Wind Systems' CEO is Henrik Andersen, appointed in Aug 2019, has a tenure of 5.25 years. total yearly compensation is €8.52M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth MX$68.12M. The average tenure of the management team and the board of directors is 4.5 years and 4.6 years respectively.

Key information

Henrik Andersen

Chief executive officer

€8.5m

Total compensation

CEO salary percentage20.7%
CEO tenure5.3yrs
CEO ownership0.02%
Management average tenure4.5yrs
Board average tenure4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Henrik Andersen's remuneration changed compared to Vestas Wind Systems's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

€49m

Jun 30 2024n/an/a

-€49m

Mar 31 2024n/an/a

-€6m

Dec 31 2023€9m€2m

€77m

Sep 30 2023n/an/a

-€612m

Jun 30 2023n/an/a

-€788m

Mar 31 2023n/an/a

-€792m

Dec 31 2022€5m€2m

-€2b

Sep 30 2022n/an/a

-€1b

Jun 30 2022n/an/a

-€764m

Mar 31 2022n/an/a

-€563m

Dec 31 2021€4m€2m

€134m

Sep 30 2021n/an/a

€692m

Jun 30 2021n/an/a

€861m

Mar 31 2021n/an/a

€772m

Dec 31 2020n/an/a

€765m

Sep 30 2020n/an/a

€485m

Jun 30 2020n/an/a

€507m

Mar 31 2020n/an/a

€604m

Dec 31 2019n/an/a

€704m

Sep 30 2019n/an/a

€640m

Jun 30 2019n/an/a

€513m

Mar 31 2019n/an/a

€607m

Dec 31 2018€147kn/a

€684m

Compensation vs Market: Henrik's total compensation ($USD9.02M) is above average for companies of similar size in the MX market ($USD5.78M).

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

CEO

Henrik Andersen (57 yo)

5.3yrs

Tenure

€8,519,892

Compensation

Mr. Henrik Andersen serves as Director of Saxo Bank A/S and Saxo Bank (Switzerland) Ltd. since 2022. He has been Group President and Chief Executive Officer of Vestas Wind Systems A/S since August 1, 2019....

Leadership Team

NamePositionTenureCompensationOwnership
Henrik Andersen
Group President & CEO5.3yrs€8.52m0.023%
MX$ 68.1m
Hans Smith
Executive VP & CFO2.7yrs€2.42mno data
Anders Nielsen
Executive VP & CTO4.5yrsno datano data
Daniel Patterson
VP & Head of Investor Relationsno datano datano data
Anders Riis
Vice President of Communicationsno datano datano data
Morten Dyrholm
Group Senior Vice President of Marketingno datano datano data
Javier Diez
Executive VP of Sales & Chief Sales Officer3.3yrsno datano data
Anne Pearce
Executive Vice President of People & Cultureless than a yearno datano data
Anders Vedel
Chief Scientific Advisor4.5yrsno datano data
Danny Nielsen
Senior VP & Country Head10.6yrsno datano data
Christian Venderby
Executive VP of Service & Chief Service Officerno datano datano data
Flemming Ougaard
Senior VP and Head of Global Offshore Service & Constructionno datano datano data

4.5yrs

Average Tenure

55yo

Average Age

Experienced Management: VWS N's management team is considered experienced (4.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Karl-Henrik Sundstrom
Independent Deputy Chair of the Board4.6yrs€239.17k0.00081%
MX$ 2.4m
Lena Olving
Independent Director2.6yrs€131.08k0.00025%
MX$ 727.1k
Sussie Agerbo
Employee Representative Director19yrs€61.09kno data
Anders Runevad
Chairman of the Board4.6yrs€323.53k0.0050%
MX$ 14.5m
Eva Merete Berneke
Independent Director5.6yrs€132.95k0.0017%
MX$ 5.0m
Helle Thorning-Schmidt
Independent Director5.6yrs€97.02k0.00027%
MX$ 785.3k
Michael Lisbjerg
Employee Representative Director16.6yrs€61.09kno data
Henriette Thygesen
Directorless than a yearno datano data
Claus Christensen
Employee Representative Director2.5yrs€61.09kno data
Louise B. Nielsen
Employee Representatives Directorless than a yearno datano data

4.6yrs

Average Tenure

56yo

Average Age

Experienced Board: VWS N's board of directors are considered experienced (4.6 years average tenure).