Tower Limited

NZSE:TWR Stock Report

Market Cap: NZ$497.1m

Tower Management

Management criteria checks 4/4

Tower's CEO is Blair Turnbull, appointed in Aug 2020, has a tenure of 4.25 years. total yearly compensation is NZ$657.59K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.067% of the company’s shares, worth NZ$331.48K. The average tenure of the management team and the board of directors is 2.8 years and 5.8 years respectively.

Key information

Blair Turnbull

Chief executive officer

NZ$657.6k

Total compensation

CEO salary percentage100.0%
CEO tenure4.3yrs
CEO ownership0.07%
Management average tenure2.8yrs
Board average tenure5.8yrs

Recent management updates

Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?

Feb 21
Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?

Recent updates

Investors Still Aren't Entirely Convinced By Tower Limited's (NZSE:TWR) Earnings Despite 26% Price Jump

Jul 31
Investors Still Aren't Entirely Convinced By Tower Limited's (NZSE:TWR) Earnings Despite 26% Price Jump

Market Still Lacking Some Conviction On Tower Limited (NZSE:TWR)

Apr 16
Market Still Lacking Some Conviction On Tower Limited (NZSE:TWR)

Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?

Feb 21
Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?

Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares

Mar 03
Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares

Do Institutions Own Tower Limited (NZSE:TWR) Shares?

Feb 17
Do Institutions Own Tower Limited (NZSE:TWR) Shares?

Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.

Jan 24
Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.

Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Dec 30
Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?

Dec 09
Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?

CEO Compensation Analysis

How has Blair Turnbull's remuneration changed compared to Tower's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

NZ$35m

Dec 31 2023n/an/a

NZ$19m

Sep 30 2023NZ$658kNZ$658k

NZ$2m

Jun 30 2023n/an/a

NZ$13m

Mar 31 2023n/an/a

NZ$15m

Dec 31 2022n/an/a

NZ$16m

Sep 30 2022NZ$650kNZ$650k

NZ$17m

Mar 31 2022n/an/a

NZ$10m

Dec 31 2021n/an/a

NZ$14m

Sep 30 2021NZ$650kNZ$650k

NZ$18m

Jun 30 2021n/an/a

NZ$12m

Mar 31 2021n/an/a

NZ$7m

Dec 31 2020n/an/a

NZ$9m

Sep 30 2020NZ$678kNZ$100k

NZ$11m

Compensation vs Market: Blair's total compensation ($USD387.48K) is below average for companies of similar size in the NZ market ($USD631.56K).

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

CEO

Blair Turnbull

4.3yrs

Tenure

NZ$657,588

Compensation

Mr. Blair McLaren Turnbull served as Chief Digital Officer at Aviva Plc since September 2019. He serves as the Chief Executive Officer at Tower Limited since August 1, 2020 and served as its Interim Execut...

Leadership Team

NamePositionTenureCompensationOwnership
Blair Turnbull
Chief Executive Officer4.3yrsNZ$657.59k0.067%
NZ$ 331.5k
Paul Johnston
Chief Financial Officer2.8yrsno datano data
Andrew Hambleton
Chief Administrative Officer1.7yrsno datano data
Tania Pearson
General Counsel & Company Secretaryno datano datano data
Michelle Finch
Chief Revenue2.8yrsno datano data
Ronald Mudaliar
Chief Underwriting Officer5.3yrsno datano data
Paula Brake
MD of Pacificno datano datano data
Emily Davies
Head of Corporate Affairs & Sustainabilityno datano datano data
Steve Wilson
Chief Claims Officer3yrsno datano data
Anna Kooperberg
Chief Customer Experience Officerless than a yearno datano data
Sharyn Reichstein
Chief Risk Officer1.3yrsno datano data
Geoff Atkins
Appointed Actuaryno datano datano data

2.8yrs

Average Tenure

Experienced Management: TWR's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Stiassny
Independent Chairman12.1yrsNZ$180.00k0.16%
NZ$ 818.6k
Geraldine McBride
Independent Non-Executive Director2.1yrsNZ$100.00k0.0014%
NZ$ 7.2k
Michael Cutter
Independent Directorless than a yearno data0.0092%
NZ$ 45.5k
Graham Stuart
Independent Non-Executive Director12.5yrsNZ$110.00k0.053%
NZ$ 265.3k
Rodney Reid
Director of National Pacific Insurance Limitedno dataNZ$4.31kno data
Alden Godinet
Director of National Pacific Insurance Limitedno dataNZ$4.31kno data
Marcus Nagel
Non-Executive & Non Independent Director5.8yrsNZ$100.00k0.000020%
NZ$ 99.4

5.8yrs

Average Tenure

63yo

Average Age

Experienced Board: TWR's board of directors are considered experienced (5.8 years average tenure).