Compagnie Générale des Établissements Michelin Société en commandite par actions Management
Management criteria checks 3/4
Compagnie Générale des Établissements Michelin Société en commandite par actions' CEO is Florent Menegaux, appointed in May 2019, has a tenure of 5.5 years. total yearly compensation is €3.81M, comprised of 28.9% salary and 71.1% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth $4.23M. The average tenure of the management team and the board of directors is 4.6 years and 6.5 years respectively.
Key information
Florent Menegaux
Chief executive officer
€3.8m
Total compensation
| CEO salary percentage | 28.9% |
| CEO tenure | 5.5yrs |
| CEO ownership | 0.02% |
| Management average tenure | 4.6yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | €2b |
| Mar 31 2024 | n/a | n/a | €2b |
| Dec 31 2023 | €4m | €1m | €2b |
| Sep 30 2023 | n/a | n/a | €2b |
| Jun 30 2023 | n/a | n/a | €2b |
| Mar 31 2023 | n/a | n/a | €2b |
| Dec 31 2022 | €3m | €1m | €2b |
| Sep 30 2022 | n/a | n/a | €2b |
| Jun 30 2022 | n/a | n/a | €2b |
| Mar 31 2022 | n/a | n/a | €2b |
| Dec 31 2021 | €3m | €900k | €2b |
| Sep 30 2021 | n/a | n/a | €2b |
| Jun 30 2021 | n/a | n/a | €2b |
| Mar 31 2021 | n/a | n/a | €1b |
| Dec 31 2020 | €2m | €900k | €628m |
| Sep 30 2020 | n/a | n/a | €691m |
| Jun 30 2020 | n/a | n/a | €754m |
| Mar 31 2020 | n/a | n/a | €1b |
| Dec 31 2019 | €2m | €900k | €2b |
| Sep 30 2019 | n/a | n/a | €2b |
| Jun 30 2019 | n/a | n/a | €2b |
| Mar 31 2019 | n/a | n/a | €2b |
| Dec 31 2018 | €2m | €555k | €2b |
Compensation vs Market: Florent's total compensation ($USD4.02M) is below average for companies of similar size in the US market ($USD12.50M).
Compensation vs Earnings: Florent's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Florent Menegaux (62 yo)
5.5yrs
Tenure
€3,806,845
Compensation
Mr. Florent Menegaux serves as a Chief Executive Officer at Compagnie Générale des Établissements Michelin since May 15, 2019 and its Managing General Partner since May 18, 2018 also its Managing Chairman...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Managing General Partner & Managing Chairman | 5.5yrs | €3.81m | 0.018% $ 4.2m | |
| Managing Partner | 5.3yrs | €2.35m | 0.0087% $ 2.0m | |
| Head of Investor Relations | no data | no data | no data | |
| Group General Counsel | no data | no data | no data | |
| Chief People Officer | 5.7yrs | no data | no data | |
| Executive Vice President of Engagement & Brands and Michelin Lifestyle | no data | no data | no data | |
| Executive Vice President of Research & Development | 5.7yrs | no data | no data | |
| Executive Vice President Automotive | no data | no data | no data | |
| Executive VP of Long-Distance & Urban Transportation and Head of Europe Regions | 3.8yrs | no data | no data | |
| EVP of Dist | 3.8yrs | no data | no data | |
| Executive Vice President of High Tech Materials | 3.4yrs | no data | no data | |
| Executive Vice President of Manufacturing | 1.8yrs | no data | no data |
4.6yrs
Average Tenure
62yo
Average Age
Experienced Management: MGDD.F's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non Independent Chairman of Supervisory Board | 16.5yrs | €400.00k | 0.00039% $ 89.8k | |
| Independent Member of Supervisory Board | 9.1yrs | €115.00k | 0.00057% $ 131.2k | |
| Senior Independent Supervisory Board Member | 6.5yrs | €85.00k | 0.00023% $ 53.0k | |
| Independent Member of the Supervisory Board | 3.5yrs | €80.00k | 0.00023% $ 53.0k | |
| Independent Supervisory Board Member | 4yrs | €70.00k | 0.00023% $ 53.0k | |
| Independent Member of Supervisory Board | 9.5yrs | €78.80k | 0.00023% $ 53.0k | |
| Independent Member of Supervisory Board | 11.5yrs | €90.00k | 0.00051% $ 117.4k | |
| Employee Representative Member of Supervisory Board | 3.9yrs | €70.00k | 0.000080% $ 18.4k | |
| Employee Representative Member of Supervisory Board | 3.9yrs | €70.00k | 0.000060% $ 13.8k |
6.5yrs
Average Tenure
62yo
Average Age
Experienced Board: MGDD.F's board of directors are considered experienced (6.5 years average tenure).