World Kinect Management
Management criteria checks 2/4
World Kinect's CEO is Mike Kasbar, appointed in Jul 2002, has a tenure of 21.83 years. total yearly compensation is $15.27M, comprised of 6.4% salary and 93.6% bonuses, including company stock and options. directly owns 1.54% of the company’s shares, worth $21.76M. The average tenure of the management team and the board of directors is 3.2 years and 17.9 years respectively.
Key information
Mike Kasbar
Chief executive officer
US$15.3m
Total compensation
| CEO salary percentage | 6.4% |
| CEO tenure | 21.8yrs |
| CEO ownership | 1.5% |
| Management average tenure | 3.2yrs |
| Board average tenure | 17.9yrs |
Recent management updates
Recent updates
Getting In Cheap On World Kinect Corporation (NYSE:WKC) Might Be Difficult
Apr 13
World Kinect: Fueling Ambitions
Mar 17Does World Kinect (NYSE:WKC) Have A Healthy Balance Sheet?
Feb 07World Kinect: Net Zero Emissions, Reorganization, Beneficial Guidance, And Undervalued
Dec 21World Kinect (NYSE:WKC) Will Pay A Dividend Of $0.14
Sep 25World Kinect: Still Not Connecting
Aug 13Estimating The Fair Value Of World Kinect Corporation (NYSE:WKC)
Aug 03These 4 Measures Indicate That World Kinect (NYSE:WKC) Is Using Debt Extensively
Jun 29Is There An Opportunity With World Fuel Services Corporation's (NYSE:INT) 33% Undervaluation?
May 05We Think World Fuel Services (NYSE:INT) Is Taking Some Risk With Its Debt
Mar 29World Fuel Services: Great Dividend Growth Potential, Apart From One Problem
Jan 12World Fuel declares $0.14 dividend
Dec 09These 4 Measures Indicate That World Fuel Services (NYSE:INT) Is Using Debt Extensively
Dec 07World Fuel Non-GAAP EPS of $0.67 beats by $0.03, revenue of $15.66B misses by $180M
Oct 27World Fuel Services (NYSE:INT) Is Paying Out A Larger Dividend Than Last Year
Sep 17World Fuel Services raises dividend by 17% to $0.14
Sep 13Need To Know: Analysts Are Much More Bullish On World Fuel Services Corporation (NYSE:INT) Revenues
Jul 31These 4 Measures Indicate That World Fuel Services (NYSE:INT) Is Using Debt Extensively
Jun 07World Fuel Services: Diversification Fuels Paths For Success
May 26World Fuel Services (NYSE:INT) Has Affirmed Its Dividend Of US$0.12
Mar 17World Fuel Services Is Adaptive To A Changing World
Feb 17These 4 Measures Indicate That World Fuel Services (NYSE:INT) Is Using Debt Reasonably Well
Jan 05World Fuel Services: Flyers Acquisition To Drive Profitability Northward
Nov 19We Think World Fuel Services (NYSE:INT) Can Stay On Top Of Its Debt
Oct 03Need To Know: Analysts Are Much More Bullish On World Fuel Services Corporation (NYSE:INT) Revenues
Aug 03Is World Fuel Services (NYSE:INT) A Risky Investment?
Jun 20Increases to World Fuel Services Corporation's (NYSE:INT) CEO Compensation Might Cool off for now
May 15World Fuel Services Corporation 2021 Q1 - Results - Earnings Call Presentation
Apr 30World Fuel Services Corporation (NYSE:INT) Stock Goes Ex-Dividend In Just Four Days
Mar 20Is World Fuel Services Corporation (NYSE:INT) The Right Choice For A Smart Dividend Investor?
Mar 11CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$58m |
| Dec 31 2023 | n/a | n/a | US$53m |
| Sep 30 2023 | n/a | n/a | US$109m |
| Jun 30 2023 | n/a | n/a | US$116m |
| Mar 31 2023 | n/a | n/a | US$111m |
| Dec 31 2022 | US$15m | US$979k | US$114m |
| Sep 30 2022 | n/a | n/a | US$109m |
| Jun 30 2022 | n/a | n/a | US$88m |
| Mar 31 2022 | n/a | n/a | US$81m |
| Dec 31 2021 | US$5m | US$900k | US$74m |
| Sep 30 2021 | n/a | n/a | US$55m |
| Jun 30 2021 | n/a | n/a | US$115m |
| Mar 31 2021 | n/a | n/a | US$87m |
| Dec 31 2020 | US$7m | US$900k | US$110m |
| Sep 30 2020 | n/a | n/a | US$170m |
| Jun 30 2020 | n/a | n/a | US$136m |
| Mar 31 2020 | n/a | n/a | US$183m |
| Dec 31 2019 | US$7m | US$900k | US$179m |
| Sep 30 2019 | n/a | n/a | US$152m |
| Jun 30 2019 | n/a | n/a | US$142m |
| Mar 31 2019 | n/a | n/a | US$134m |
| Dec 31 2018 | US$5m | US$900k | US$128m |
| Sep 30 2018 | n/a | n/a | -US$95m |
| Jun 30 2018 | n/a | n/a | -US$172m |
| Mar 31 2018 | n/a | n/a | -US$170m |
| Dec 31 2017 | US$6m | US$900k | -US$170m |
Compensation vs Market: Mike's total compensation ($USD15.27M) is above average for companies of similar size in the US market ($USD5.72M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Mike Kasbar (66 yo)
21.8yrs
Tenure
US$15,272,338
Compensation
Mr. Michael J. Kasbar, also known as Mike, has been the Chief Executive Officer of World Kinect Corporation (formerly known as World Fuel Services Corporation) since January 1, 2012 and July 2002 respectiv...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 21.8yrs | US$15.27m | 1.54% $ 21.8m | |
| Executive VP & CFO | 17.1yrs | US$5.46m | 0.24% $ 3.4m | |
| Executive Vice President of Global Aviation | 8.2yrs | US$4.94m | 0.15% $ 2.1m | |
| Senior VP & Chief Accounting Officer | 2.8yrs | no data | 0.049% $ 685.0k | |
| Chief Information Officer | 1.2yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Human Resources Officer | 3.6yrs | no data | no data | |
| Executive Vice President | no data | no data | no data | |
| Chief Commercial Officer | no data | no data | no data | |
| Senior VP | 1.3yrs | no data | no data | |
| Senior VP & Chief Commercial Counsel | 2.8yrs | no data | no data | |
| VP & Treasurer | no data | no data | no data |
3.2yrs
Average Tenure
59yo
Average Age
Experienced Management: WKC's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 28.9yrs | US$15.27m | 1.54% $ 21.8m | |
| Independent Chairman Emeritus | 28.9yrs | US$264.37k | 0.25% $ 3.5m | |
| Lead Independent Director | 17.9yrs | US$349.36k | 0.20% $ 2.8m | |
| Independent Director | 21.8yrs | US$304.36k | 0.13% $ 1.9m | |
| Independent Director | 21.8yrs | US$364.37k | 0.088% $ 1.2m | |
| Independent Director | 2.7yrs | US$279.36k | 0.018% $ 254.8k | |
| Independent Director | 13.6yrs | US$347.49k | 0.097% $ 1.4m | |
| Independent Director | 9.3yrs | US$369.37k | 0.066% $ 935.3k | |
| Independent Director | 4.3yrs | US$299.36k | 0.034% $ 483.4k |
17.9yrs
Average Tenure
66yo
Average Age
Experienced Board: WKC's board of directors are seasoned and experienced ( 17.9 years average tenure).