Cadeler Management
Management criteria checks 3/4
Cadeler's CEO is Mikkel Gleerup, appointed in Nov 2017, has a tenure of 8.17 years. total yearly compensation is €1.43M, comprised of 41.5% salary and 58.5% bonuses, including company stock and options. directly owns 0.059% of the company’s shares, worth $1.14M. The average tenure of the management team and the board of directors is 3.6 years and 1.9 years respectively.
Key information
Mikkel Gleerup
Chief executive officer
€1.4m
Total compensation
| CEO salary percentage | 41.46% |
| CEO tenure | 8.2yrs |
| CEO ownership | 0.06% |
| Management average tenure | 3.6yrs |
| Board average tenure | 1.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | €270m |
| Jun 30 2025 | n/a | n/a | €233m |
| Mar 31 2025 | n/a | n/a | €88m |
| Dec 31 2024 | €1m | €592k | €65m |
| Sep 30 2024 | n/a | n/a | €9m |
| Jun 30 2024 | n/a | n/a | -€18m |
| Mar 31 2024 | n/a | n/a | -€11m |
| Dec 31 2023 | €1m | €531k | €11m |
| Sep 30 2023 | n/a | n/a | €43m |
| Jun 30 2023 | n/a | n/a | €55m |
| Mar 31 2023 | n/a | n/a | €33m |
| Dec 31 2022 | €839k | €414k | €36m |
| Sep 30 2022 | n/a | n/a | €24m |
| Jun 30 2022 | n/a | n/a | €12m |
| Mar 31 2022 | n/a | n/a | €10m |
| Dec 31 2021 | €708k | €372k | €7m |
| Sep 30 2021 | n/a | n/a | €3m |
| Jun 30 2021 | n/a | n/a | -€2m |
| Mar 31 2021 | n/a | n/a | -€14m |
| Dec 31 2020 | n/a | n/a | -€27m |
| Sep 30 2020 | n/a | n/a | -€32m |
| Jun 30 2020 | n/a | n/a | -€38m |
| Mar 31 2020 | n/a | n/a | -€31m |
| Dec 31 2019 | €288k | n/a | -€24m |
Compensation vs Market: Mikkel's total compensation ($USD1.66M) is below average for companies of similar size in the US market ($USD5.28M).
Compensation vs Earnings: Mikkel's compensation has been consistent with company performance over the past year.
CEO
Mikkel Gleerup (47 yo)
Mr. Mikkel Gleerup is the Chief Executive Officer of Cadeler A/S since November 2017 and served as its Chief Operating Officer from February 2017. He joined Cadeler A/S in 2017 and serves as its a Member o...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of the Executive Board | 8.2yrs | €1.43m | 0.059% $ 1.1m | |
| CFO & Member of Executive Board | 3.6yrs | €860.37k | 0.017% $ 324.8k | |
| COO & Member of Executive Board | 6.6yrs | €273.36k | no data | |
| Chief Technical Officer | 3.5yrs | no data | no data | |
| Executive VP & Chief Legal Officer | 1.8yrs | no data | no data | |
| Vice President of Marketing & Communication | no data | no data | no data | |
| Chief Sales Officer | no data | no data | no data | |
| Chief People & Culture Officer | no data | no data | no data | |
| Chief Commercial Officer | 6.5yrs | €257.07k | no data | |
| Head of Finance | 3.6yrs | no data | no data | |
| Chief Sustainability & Performance Officer | less than a year | no data | no data |
Experienced Management: CDLR's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 1.9yrs | €81.13k | no data | |
| Non-Independent Chairman of the Board | 4.8yrs | no data | no data | |
| Independent Director | 6yrs | €82.82k | no data | |
| Independent Director | 1.2yrs | €12.25k | no data | |
| Vice Chairman | 1.9yrs | no data | no data | |
| Independent Director | 3yrs | €81.25k | 0.0017% $ 32.8k | |
| Independent Director | 1.8yrs | €57.53k | no data |
Experienced Board: CDLR's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/18 10:26 |
| End of Day Share Price | 2026/01/16 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cadeler A/S is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mattias Karlkjell | ABG Sundal Collier |
| Daniel Vårdal Haugland | ABG Sundal Collier |
| Jørgen Lande | Danske Bank |