SSP Group Management
Management criteria checks 3/4
SSP Group's CEO is Patrick Coveney, appointed in Mar 2022, has a tenure of 2.42 years. total yearly compensation is £2.35M, comprised of 33.4% salary and 66.6% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth $2.08M. The average tenure of the management team and the board of directors is 2.8 years and 3.9 years respectively.
Key information
Patrick Coveney
Chief executive officer
UK£2.3m
Total compensation
| CEO salary percentage | 33.4% |
| CEO tenure | 2.4yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.8yrs |
| Board average tenure | 3.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | UK£8m |
| Dec 31 2023 | n/a | n/a | UK£8m |
| Sep 30 2023 | UK£2m | UK£784k | UK£8m |
| Jun 30 2023 | n/a | n/a | UK£10m |
| Mar 31 2023 | n/a | n/a | UK£12m |
| Dec 31 2022 | n/a | n/a | UK£1m |
| Sep 30 2022 | UK£2m | UK£390k | -UK£10m |
Compensation vs Market: Patrick's total compensation ($USD3.06M) is below average for companies of similar size in the US market ($USD5.62M).
Compensation vs Earnings: Patrick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Patrick Coveney (54 yo)
2.4yrs
Tenure
UK£2,348,000
Compensation
Mr. Patrick F. Coveney, B.Comm, M.Phil, D.Phil, serves as Non-Executive Director at Olam Food Ingredients Spain S.L. He has been Group Chief Executive Officer and Director at SSP Group plc since March 31,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 2.4yrs | UK£2.35m | 0.12% £ 2.1m | |
| Deputy CEO | 20.6yrs | UK£1.69m | 0.22% £ 3.8m | |
| Co-Owner | no data | no data | no data | |
| Co-Owner | no data | no data | no data | |
| Co-Owner | no data | no data | no data | |
| Chief Digital & Technology Officer | less than a year | no data | no data | |
| Group General Counsel & Company Secretary | 1.5yrs | no data | no data | |
| Chief People Officer | less than a year | no data | no data | |
| Chief Procurement Officer | no data | no data | no data | |
| Chief Business Development & Strategy Officer and CEO India and EEME | 10.3yrs | no data | no data | |
| Chief Executive Officer of SSP North America | 10.1yrs | no data | no data | |
| Chief Executive Officer of Nordics & Continental Europe | 3.1yrs | no data | no data |
2.8yrs
Average Tenure
59yo
Average Age
Experienced Management: SSPP.F's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 2.4yrs | UK£2.35m | 0.12% £ 2.1m | |
| Deputy CEO | 10.2yrs | UK£1.69m | 0.22% £ 3.8m | |
| Independent Non-Executive Director | 4yrs | UK£68.00k | 0.0033% £ 57.9k | |
| Independent Non-Executive Director | 2.6yrs | UK£55.00k | 0.0024% £ 42.9k | |
| Independent Chairman of the Board | 4.8yrs | UK£285.00k | 0.030% £ 526.5k | |
| Independent Non-Executive Director | 3.8yrs | UK£65.00k | 0.0038% £ 65.9k | |
| Senior Independent Non-Executive Director | 5.8yrs | UK£75.00k | 0.0039% £ 68.2k | |
| Independent Non-Executive Director | 2.6yrs | UK£56.00k | 0.0024% £ 41.8k |
3.9yrs
Average Tenure
60yo
Average Age
Experienced Board: SSPP.F's board of directors are considered experienced (3.9 years average tenure).