Vestas Wind Systems Management
Management criteria checks 3/4
Vestas Wind Systems' CEO is Henrik Andersen, appointed in Aug 2019, has a tenure of 4.75 years. total yearly compensation is €8.52M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 0.022% of the company’s shares, worth $6.27M. The average tenure of the management team and the board of directors is 3.4 years and 4.1 years respectively.
Key information
Henrik Andersen
Chief executive officer
€8.5m
Total compensation
CEO salary percentage | 20.7% |
CEO tenure | 4.8yrs |
CEO ownership | 0.02% |
Management average tenure | 3.4yrs |
Board average tenure | 4.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Mar 31 2024 | n/a | n/a | -€6m |
Dec 31 2023 | €9m | €2m | €77m |
Sep 30 2023 | n/a | n/a | -€612m |
Jun 30 2023 | n/a | n/a | -€788m |
Mar 31 2023 | n/a | n/a | -€792m |
Dec 31 2022 | €5m | €2m | -€2b |
Sep 30 2022 | n/a | n/a | -€1b |
Jun 30 2022 | n/a | n/a | -€764m |
Mar 31 2022 | n/a | n/a | -€563m |
Dec 31 2021 | €4m | €2m | €134m |
Sep 30 2021 | n/a | n/a | €692m |
Jun 30 2021 | n/a | n/a | €861m |
Mar 31 2021 | n/a | n/a | €772m |
Dec 31 2020 | n/a | n/a | €765m |
Sep 30 2020 | n/a | n/a | €485m |
Jun 30 2020 | n/a | n/a | €507m |
Mar 31 2020 | n/a | n/a | €604m |
Dec 31 2019 | n/a | n/a | €704m |
Sep 30 2019 | n/a | n/a | €640m |
Jun 30 2019 | n/a | n/a | €513m |
Mar 31 2019 | n/a | n/a | €607m |
Dec 31 2018 | €147k | n/a | €684m |
Compensation vs Market: Henrik's total compensation ($USD9.22M) is below average for companies of similar size in the US market ($USD13.65M).
Compensation vs Earnings: Henrik's compensation has increased whilst the company is unprofitable.
CEO
Henrik Andersen (56 yo)
4.8yrs
Tenure
€8,519,892
Compensation
Mr. Henrik Andersen serves as Director of Saxo Bank A/S and Saxo Bank (Switzerland) Ltd. since 2022. He has been Group President and Chief Executive Officer of Vestas Wind Systems A/S since August 1, 2019....
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Group President & CEO | 4.8yrs | €8.52m | 0.022% € 6.3m | |
Executive VP & CFO | 2.2yrs | €2.42m | no data | |
VP & Head of Investor Relations | no data | no data | no data | |
Vice President of Communications | no data | no data | no data | |
Group Senior Vice President of Marketing | no data | no data | no data | |
Executive VP of Sales & Chief Sales Officer | 2.8yrs | no data | no data | |
Executive Vice President of People & Culture | less than a year | no data | no data | |
Executive Vice President of Manufacturing & Global Procurement | no data | no data | no data | |
Chief Scientific Advisor | 4yrs | no data | no data | |
Senior VP & Country Head | 10.1yrs | no data | no data | |
Executive VP of Service & Chief Service Officer | no data | no data | no data | |
Executive Vice President of Power Solutions | no data | no data | no data |
3.4yrs
Average Tenure
53.5yo
Average Age
Experienced Management: VWDR.Y's management team is considered experienced (3.4 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Independent Deputy Chair of the Board | 4.1yrs | €239.17k | 0.00081% € 226.3k | |
Independent Director | 2.1yrs | €131.08k | 0.000070% € 19.6k | |
Employee Representative Director | 18.5yrs | €61.09k | 0.00032% € 89.4k | |
Director | less than a year | no data | no data | |
Chairman of the Board | 4.1yrs | €323.53k | 0.0040% € 1.1m | |
Independent Director | 5.1yrs | €132.95k | 0.0017% € 477.7k | |
Independent Director | 5.1yrs | €97.02k | 0.00027% € 75.4k | |
Employee Representative Director | 16.1yrs | €61.09k | 0.00041% € 114.5k | |
Director | less than a year | no data | no data | |
Employee Representative Director | 2yrs | €61.09k | 0.000050% € 14.0k | |
Employee Representatives Director | less than a year | no data | no data |
4.1yrs
Average Tenure
56yo
Average Age
Experienced Board: VWDR.Y's board of directors are considered experienced (4.1 years average tenure).