Spirax-Sarco Engineering Management
Management criteria checks 4/4
Spirax-Sarco Engineering's CEO is Nimesh Patel, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is £795.17K, comprised of 66.6% salary and 33.4% bonuses, including company stock and options. directly owns 0.02% of the company’s shares, worth $1.65M. The average tenure of the management team and the board of directors is 3.4 years and 5 years respectively.
Key information
Nimesh Patel
Chief executive officer
UK£795.2k
Total compensation
| CEO salary percentage | 66.6% |
| CEO tenure | less than a year |
| CEO ownership | 0.02% |
| Management average tenure | 3.4yrs |
| Board average tenure | 5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | UK£795k | UK£529k | UK£184m |
| Sep 30 2023 | n/a | n/a | UK£197m |
| Jun 30 2023 | n/a | n/a | UK£211m |
| Mar 31 2023 | n/a | n/a | UK£218m |
| Dec 31 2022 | UK£2m | UK£503k | UK£225m |
| Sep 30 2022 | n/a | n/a | UK£224m |
| Jun 30 2022 | n/a | n/a | UK£223m |
| Mar 31 2022 | n/a | n/a | UK£229m |
| Dec 31 2021 | UK£3m | UK£490k | UK£235m |
| Sep 30 2021 | n/a | n/a | UK£220m |
| Jun 30 2021 | n/a | n/a | UK£206m |
| Mar 31 2021 | n/a | n/a | UK£190m |
| Dec 31 2020 | UK£2m | UK£209k | UK£174m |
Compensation vs Market: Nimesh's total compensation ($USD993.46K) is below average for companies of similar size in the US market ($USD8.39M).
Compensation vs Earnings: Nimesh's compensation has been consistent with company performance over the past year.
CEO
Nimesh Patel (46 yo)
less than a year
Tenure
UK£795,172
Compensation
Mr. Nimesh Balvir Patel, B.sc., served as Chief Financial Officer of Spirax-Sarco Engineering plc since September 11, 2020 until January 16, 2024 and serves as its Executive Director at Spirax-Sarco Engine...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive & Executive Director | less than a year | UK£795.17k | 0.020% £ 1.7m | |
| Interim Chief Financial Officer | less than a year | no data | no data | |
| Group General Counsel & Company Secretary | 11.9yrs | no data | 0.0073% £ 591.9k | |
| Group Human Resources Director | 8.3yrs | no data | no data | |
| Head of Internal Audit | no data | no data | no data | |
| Managing Director of Watson-Marlow | 4.3yrs | no data | no data | |
| Group Director of Sustainability | 3.8yrs | no data | no data | |
| Managing Director of Steam Specialties | 3.3yrs | no data | no data | |
| Head of Employee Experience | no data | no data | no data | |
| Head of Inclusion | 3.4yrs | no data | no data | |
| President of Electric Thermal Solutions Business | 2.4yrs | no data | no data | |
| President & GM of Spirax Sarco Engineering(China) Ltd | no data | no data | no data |
3.4yrs
Average Tenure
51yo
Average Age
Experienced Management: SPXS.F's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive & Executive Director | 3.7yrs | UK£795.17k | 0.020% £ 1.7m | |
| Independent Chairman of the Board | 10yrs | UK£309.00k | 0.015% £ 1.2m | |
| Senior Independent Director | 3.2yrs | UK£76.80k | 0.00081% £ 66.1k | |
| Independent Non-Executive Director | 5yrs | UK£76.80k | 0.0066% £ 543.0k | |
| Independent Non-Executive Director | 7.7yrs | UK£76.80k | 0.0086% £ 706.3k | |
| Independent Non-Executive Director | 6.2yrs | UK£61.80k | 0.0013% £ 108.6k | |
| Independent Non-Executive Board Director | less than a year | UK£25.75k | 0.00041% £ 33.5k | |
| Independent Non-Executive Director | 5.2yrs | UK£76.80k | 0.00061% £ 49.8k | |
| Independent Non-Executive Director | 3.4yrs | UK£121.18k | 0.00069% £ 56.3k |
5.0yrs
Average Tenure
63yo
Average Age
Experienced Board: SPXS.F's board of directors are considered experienced (5 years average tenure).