TORM Management
Management criteria checks 3/4
TORM's CEO is Jacob Meldgaard, appointed in Apr 2010, has a tenure of 15.08 years. total yearly compensation is $8.02M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth $2.05M. The average tenure of the management team and the board of directors is 14 years and 9.4 years respectively.
Key information
Jacob Meldgaard
Chief executive officer
US$8.0m
Total compensation
| CEO salary percentage | 15.17% |
| CEO tenure | 15.1yrs |
| CEO ownership | 0.1% |
| Management average tenure | 14yrs |
| Board average tenure | 9.4yrs |
Recent management updates
Recent updates
TORM Beats Q4 Earnings, I'll Stay Long For Now
Mar 07TORM: Time To Buy After The 50% Drawdown, Earnings On Tap
Feb 22TORM: A Unique Combination Of Geopolitical Turmoil, Economics, And Balance
Jan 21TORM's 20% Dividend Yield And Market Tailwinds Make It A 'Buy'
Jan 15TORM Stock Could Be A Great Value Investment For The Next Few Years
Dec 12TORM: Making Sense Of The Collapse And What To Do From Here
Nov 20TORM plc: Double-Digit Yields And Attractive Discount To NAV (Rating Upgrade)
Nov 1222% Yielding TORM: A Very Buyable Crash (Rating Upgrade)
Sep 16How Good Is TORM's 22% Yield?
Sep 07TORM: Still Making Cash, A 15% Yield, And More Room To Run
Jul 25TORM PLC: Check Out That 16% Forward Yield
May 17TORM Stock Is Still Cheap And Well Positioned
May 01TORM plc: A Luring Dividend Yield And Skewed Risk Reward (Rating Downgrade)
Mar 27My TORM Pick In 2021 Smoked All Big Tech Gains
Feb 13TORM: Still Great Value To Be Unlocked
Jan 10TORM: Further Increase In Charter Equivalent Rates Would Mean Higher Stock Price
Sep 07TORM goes ex-dividend tomorrow
Aug 30TORM GAAP EPS of $1.31, revenue of $338.5M
Aug 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$465m |
| Dec 31 2024 | US$8m | US$1m | US$613m |
| Sep 30 2024 | n/a | n/a | US$719m |
| Jun 30 2024 | n/a | n/a | US$713m |
| Mar 31 2024 | n/a | n/a | US$704m |
| Dec 31 2023 | US$7m | US$1m | US$648m |
| Sep 30 2023 | n/a | n/a | US$692m |
| Jun 30 2023 | n/a | n/a | US$785m |
| Mar 31 2023 | n/a | n/a | US$706m |
| Dec 31 2022 | US$2m | US$1m | US$563m |
| Sep 30 2022 | n/a | n/a | US$326m |
| Jun 30 2022 | n/a | n/a | US$94m |
| Mar 31 2022 | n/a | n/a | -US$10m |
| Dec 31 2021 | US$2m | US$1m | -US$42m |
| Sep 30 2021 | n/a | n/a | -US$74m |
| Jun 30 2021 | n/a | n/a | -US$59m |
| Mar 31 2021 | n/a | n/a | US$10m |
| Dec 31 2020 | US$2m | US$1m | US$88m |
| Sep 30 2020 | n/a | n/a | US$275m |
| Jun 30 2020 | n/a | n/a | US$265m |
| Mar 31 2020 | n/a | n/a | US$199m |
| Dec 31 2019 | US$2m | US$1m | US$166m |
| Sep 30 2019 | n/a | n/a | US$18m |
| Jun 30 2019 | n/a | n/a | US$2m |
| Mar 31 2019 | n/a | n/a | -US$12m |
| Dec 31 2018 | US$2m | US$1m | -US$35m |
Compensation vs Market: Jacob's total compensation ($USD8.02M) is above average for companies of similar size in the US market ($USD6.15M).
Compensation vs Earnings: Jacob's compensation has been consistent with company performance over the past year.
CEO
Jacob Meldgaard (56 yo)
15.1yrs
Tenure
US$8,020,000
Compensation
Mr. Jacob Balslev Meldgaard has been the Chief Executive Officer of TORM Plc since April 1, 2010 and has been Executive Director since December 14, 2015. Mr. Meldgaard has many years of shipping experience...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 15.1yrs | US$8.02m | 0.12% $ 2.0m | |
| Chief Financial Officer | 5.4yrs | no data | no data | |
| VP and Head of Corporate Finance & Strategy | no data | no data | no data | |
| Senior VP & Head of Technical Division | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Engineer & Employee Representative Board Observer | no data | no data | no data | |
| Senior VP & Head of Projects | 14yrs | no data | no data | |
| Board Observer and Head of Agency & Process Excellence | no data | no data | no data | |
| Vice President | no data | no data | no data |
14.0yrs
Average Tenure
55.5yo
Average Age
Experienced Management: TRMD's management team is seasoned and experienced (14 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9.4yrs | US$8.02m | 0.12% $ 2.0m | |
| Chief Engineer & Employee Representative Board Observer | 9.1yrs | no data | no data | |
| Board Observer and Head of Agency & Process Excellence | 1.1yrs | no data | no data | |
| Independent Deputy Chairman & Senior Independent Director | 9.8yrs | US$217.00k | 0.0051% $ 88.5k | |
| Non-Executive Independent Director | 5.1yrs | US$163.00k | 0% $ 0 | |
| Chairman | 9.8yrs | US$212.00k | 0.022% $ 375.6k | |
| Non-Executive Independent Director | 9.6yrs | US$163.00k | 0% $ 0 |
9.4yrs
Average Tenure
56yo
Average Age
Experienced Board: TRMD's board of directors are considered experienced (9.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/16 04:11 |
| End of Day Share Price | 2025/05/16 00:00 |
| Earnings | 2025/03/31 |
| 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 |
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| Management | 10 years |
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| 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
TORM plc is covered by 10 analysts. 5 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 |
|---|---|
| null null | ABG Sundal Collier |
| Marcus Bellander | Carnegie Investment Bank AB |
| Håvard Lie | Danske Bank |