FLSmidth Management
Management criteria checks 3/4
FLSmidth's CEO is Mikko Keto, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is DKK23.54M, comprised of 33.3% salary and 66.7% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth $442.60K. The average tenure of the management team and the board of directors is 3 years and 3.3 years respectively.
Key information
Mikko Keto
Chief executive officer
kr.23.5m
Total compensation
| CEO salary percentage | 33.3% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | kr.24m | kr.8m | kr.678m |
| Sep 30 2023 | n/a | n/a | kr.426m |
| Jun 30 2023 | n/a | n/a | kr.321m |
| Mar 31 2023 | n/a | n/a | kr.344m |
| Dec 31 2022 | kr.16m | kr.8m | kr.369m |
Compensation vs Market: Mikko's total compensation ($USD3.37M) is below average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: Mikko's compensation has increased by more than 20% in the past year.
CEO
Mikko Keto (56 yo)
2.3yrs
Tenure
kr.23,544,000
Compensation
Mr. Mikko Keto served as President of Mining Industry at FLSmidth & Co. A/S since January 2021 until January 1, 2022 and serves as Group Chief Executive Officer since January 1, 2022. Mr. Keto has been emp...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive Officer | 2.3yrs | kr.23.54m | 0.016% DKK 442.6k | |
| Group Chief Financial Officer | 3.8yrs | kr.14.67m | 0.040% DKK 1.1m | |
| COO & Chief Digital Officer | less than a year | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Group Legal Counsel | 11.3yrs | kr.1.29m | 0.0045% DKK 126.9k | |
| Chief People & Sustainability Officer | 6.1yrs | no data | 0.0016% DKK 45.8k | |
| President | no data | no data | no data | |
| President of Pumps | less than a year | no data | no data | |
| President of Region South America | 4.3yrs | no data | no data | |
| President of Region Australia | 3.7yrs | no data | no data | |
| President of Region North America | 2.3yrs | no data | no data | |
| President of Mining & Service Business Line | 2.3yrs | no data | no data |
3.0yrs
Average Tenure
54yo
Average Age
Experienced Management: FLID.F's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 12.2yrs | kr.1.40m | 0.088% DKK 2.5m | |
| Independent Director | 5.2yrs | kr.977.00k | 0.0018% DKK 49.7k | |
| Independent Vice Chairman | 2.2yrs | kr.900.00k | 0.0022% DKK 60.8k | |
| Director | less than a year | no data | no data | |
| Independent Director | 1.2yrs | kr.619.00k | no data | |
| Independent Director | 7.2yrs | kr.675.00k | 0.0035% DKK 99.8k | |
| Employee-Elected Member | 8.3yrs | kr.450.00k | 0.00076% DKK 21.5k | |
| Employee-Elected Member | 3.3yrs | kr.450.00k | 0.00023% DKK 6.5k | |
| Employee-Elected Member | 3.3yrs | kr.575.00k | 0.000090% DKK 2.5k |
3.3yrs
Average Tenure
60yo
Average Age
Experienced Board: FLID.F's board of directors are considered experienced (3.3 years average tenure).