Marel hf Management
Management criteria checks 2/4
Marel hf's CEO is Arni Sigurdsson, appointed in Nov 2023, has a tenure of less than a year. total yearly compensation is €907.71K, comprised of 13.3% salary and 86.7% bonuses, including company stock and options. directly owns 0.086% of the company’s shares, worth €2.10M. The average tenure of the management team and the board of directors is 0.5 years and 7.7 years respectively.
Key information
Arni Sigurdsson
Chief executive officer
€907.7k
Total compensation
| CEO salary percentage | 13.3% |
| CEO tenure | less than a year |
| CEO ownership | 0.09% |
| Management average tenure | less than a year |
| Board average tenure | 7.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | €19m |
| Dec 31 2023 | €908k | €121k | €31m |
Compensation vs Market: Arni's total compensation ($USD982.26K) is below average for companies of similar size in the Dutch market ($USD2.44M).
Compensation vs Earnings: Insufficient data to compare Arni's compensation with company performance.
CEO
Arni Sigurdsson (40 yo)
less than a year
Tenure
€907,707
Compensation
Mr. Arni Sigurdsson serves as Chief Executive Officer at Marel hf. since December 11, 2023. Mr. Sigurdsson joined the Marel hf.in 2014. He had been a Chief Business Officer and Deputy Chief Executive Offi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of Executive Board | less than a year | €907.71k | 0.086% € 2.1m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Human Resource Officer & Member of Executive Board | no data | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Sales & Marketing Director | no data | no data | no data | |
| Director of Finance & Secretary | no data | no data | no data | |
| Corporate Director of Treasury & Financing | 9.6yrs | no data | no data |
0.5yrs
Average Tenure
Experienced Management: MAREL's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 11.2yrs | €70.00k | no data | |
| Independent Director | 3.2yrs | €83.00k | no data | |
| Independent Chairman of the Board | 23.3yrs | €186.00k | 0.033% € 806.8k | |
| Independent Director | 4.2yrs | €74.00k | no data | |
| Independent Director | 10.2yrs | €70.00k | 0.00066% € 16.1k | |
| Independent Director | 5.2yrs | €67.00k | no data |
7.7yrs
Average Tenure
60yo
Average Age
Experienced Board: MAREL's board of directors are considered experienced (7.7 years average tenure).