Tower Limited

NZSE:TWR Stock Report

Mkt Cap: NZ$248.6m

Tower Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure

CEO

Blair Turnbull

2.5yrs

Tenure

NZ$650,000

Compensation

Mr. Blair McLaren Turnbull serves as Chief Digital Officer at Aviva Plc since September 2019. He serves as a Chief Executive Officer at Tower Limited since August 1, 2020. He served as Head for Wealth Mana...

CEO Compensation Analysis

How has Blair Turnbull's remuneration changed compared to Tower's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2022NZ$650kNZ$650k

NZ$18m

Mar 31 2022n/an/a

NZ$11m

Dec 31 2021n/an/a

NZ$15m

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 ($USD409.73K) is below average for companies of similar size in the NZ market ($USD622.72K).

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

Leadership Team

NamePositionTenureCompensationOwnership
Blair Turnbull
Chief Executive Officer2.5yrsNZ$650.00k0.068%
NZ$ 168.1k
Paul Johnston
Chief Financial Officer1.08yrsno datano data
Tania Pearson
General Counsel & Company Secretaryno datano datano data
Emily Davies
Head of Corporate Affairs & Sustainabilityno datano datano data
Michelle Finch
Chief Marketing & Brand Officer1.08yrsno datano data
Andrew Hambleton
Chief People & Transformation Officer and Acting MD of Pacific0.83yrno datano data
Ronald Mudaliar
Chief Underwriting Officer3.5yrsno datano data
Paula Brake
MD of Pacificno datano datano data
Jonathan Beale
Managing Director of Partnerships2.08yrsno datano data
Steve Wilson
Chief Claims Officer1.25yrsno datano data
James Brownell
Acting Chief Risk Officer0.67yrno datano data
Greg Moore
Chief Digital & Data Officer1.08yrsno datano data

1.1yrs

Average Tenure

Experienced Management: TWR's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Michael Stiassny
Independent Chairman10.33yrsNZ$180.00k0.16%
NZ$ 409.3k
Geraldine McBride
Independent Non-Executive Director0.33yrno datano data
Graham Stuart
Independent Non-Executive Director10.75yrsNZ$110.00k0.053%
NZ$ 132.6k
Wendy Thorpe
Independent Non-Executive Director4.92yrsNZ$100.83k0.0039%
NZ$ 9.6k
Aniseto Ting
Director of National Pacific Insurance Limitedno dataNZ$1.80kno data
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 Director4.08yrsNZ$100.00k0.000010%
NZ$ 24.9

4.9yrs

Average Tenure

Experienced Board: TWR's board of directors are considered experienced (4.9 years average tenure).