Mondi Management

Management criteria checks 4/4

Mondi's CEO is Andrew Charles King, appointed in Apr 2020, has a tenure of 15.5 years. total yearly compensation is €3.73M, comprised of 33.3% salary and 66.7% bonuses, including company stock and options. directly owns 0.046% of the company’s shares, worth $3.45M. The average tenure of the management team and the board of directors is 3.8 years and 3.2 years respectively.

Key information

Andrew Charles King

Chief executive officer

€3.7m

Total compensation

CEO salary percentage	33.3%
CEO tenure	4yrs
CEO ownership	0.05%
Management average tenure	3.8yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andrew Charles King's remuneration changed compared to Mondi's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€4m	€1m	€502m
Sep 30 2023	n/a	n/a	€639m
Jun 30 2023	n/a	n/a	€775m
Mar 31 2023	n/a	n/a	€981m
Dec 31 2022	€5m	€1m	€1b
Sep 30 2022	n/a	n/a	€1b
Jun 30 2022	n/a	n/a	€999m
Mar 31 2022	n/a	n/a	€771m
Dec 31 2021	€4m	€1m	€543m
Sep 30 2021	n/a	n/a	€520m
Jun 30 2021	n/a	n/a	€497m
Mar 31 2021	n/a	n/a	€540m
Dec 31 2020	€3m	€989k	€582m
Sep 30 2020	n/a	n/a	€640m
Jun 30 2020	n/a	n/a	€697m
Mar 31 2020	n/a	n/a	€755m
Dec 31 2019	€2m	€677k	€812m
Sep 30 2019	n/a	n/a	€875m
Jun 30 2019	n/a	n/a	€937m
Mar 31 2019	n/a	n/a	€881m
Dec 31 2018	€3m	€654k	€824m
Sep 30 2018	n/a	n/a	€747m
Jun 30 2018	n/a	n/a	€670m
Mar 31 2018	n/a	n/a	€669m
Dec 31 2017	€17m	€643k	€668m

Compensation vs Market: Andrew Charles's total compensation ($USD3.96M) is below average for companies of similar size in the US market ($USD8.39M).

Compensation vs Earnings: Andrew Charles's compensation has been consistent with company performance over the past year.

CEO

Andrew Charles King (54 yo)

4yrs

Tenure

€3,725,459

Compensation

Mr. Andrew Charles Wallis King, CA (SA), serves as Group Chief Executive Officer at Mondi plc and Mondi Limited since April 1, 2020 and its Executive Director since October 2008. He serves as the Chief fin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Charles King	Group CEO & Executive Director	4yrs	€3.73m	0.046% € 3.5m
Michael Powell	Group CFO & Executive Director	3.4yrs	€2.17m	0.0090% € 680.7k
Lars Mallasch	Group Technical & Sustainability Director	3.6yrs	no data	no data
Marita Erler	Chief People Officer	no data	no data	no data
Thomas Ott	Chief Executive Officer of Flexible Packaging	2.3yrs	no data	no data
Vivien McMenamin	Chief Executive Officer of Uncoated Fine Paper & South Africa	6.5yrs	no data	no data
Markus Gartner	Chief Executive Officer of Corrugated Packaging	5.5yrs	no data	no data
Kerry Cooper	Group Head of External Communication	no data	no data	no data
Darren Ghavalas	Group Financial Controller	no data	no data	no data
Jenny Hampshire	Company Secretary	7.3yrs	no data	no data

3.8yrs

Average Tenure

54yo

Average Age

Experienced Management: MOND.Y's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Charles King	Group CEO & Executive Director	15.5yrs	€3.73m	0.046% € 3.5m
Michael Powell	Group CFO & Executive Director	3.4yrs	€2.17m	0.0090% € 680.7k
Susan Clark	Independent Non-Executive Director	3yrs	€110.33k	0.00091% € 68.8k
Philip Yea	Independent Chairman of the Board	4yrs	€520.73k	0.0062% € 471.9k
Dominique Jacqueline Reiniche	Senior Independent Director	8.5yrs	€125.49k	0.00023% € 17.4k
Stephen Young	Independent Non-Executive Director	5.9yrs	€128.18k	0.00046% € 34.8k
Saki Macozoma	Independent Non-Executive Director	1.9yrs	€73.55k	0.00011% € 8.3k
Svein-Richard Brandtzaeg	Independent Non-Executive Director	3yrs	€125.68k	0.00028% € 21.2k
Angela Rosemary Strank	Independent Non-Executive Director	3yrs	€121.88k	0.00020% € 15.1k
Anke Groth	Independent Non-Executive Director	less than a year	€88.92k	no data

3.2yrs

Average Tenure

66yo

Average Age

Experienced Board: MOND.Y's board of directors are considered experienced (3.2 years average tenure).

Mondi Management

Management criteria checks 4/4

Key information

Recent management updates

Mondi plc, Annual General Meeting, May 03, 2024

Mondi plc Appoints Anke Groth as an Independent Non-Executive Director, Effect from 1 April 2023

Mondi plc Announces Board Changes

Mondi plc Appoints Saki Macozoma as Independent Non-Executive Director and Member of Audit and Nominations Committees

Mondi plc Announces Retirement of Tanya Fratto as Non Executive Director

Mondi plc Announces Retirement of Tanya Fratto as Non Executive Director

Recent updates

Mondi plc (LSE:MNDI) made an offer to acquire DS Smith Plc (LSE:SMDS) for £5.1 billion

Mondi plc, Annual General Meeting, May 03, 2024

Mondi plc Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 14 May 2024

DS Smith Receives Highly Preliminary Expression of Interest from Mondi over a Possible Offer

Mondi plc (LSE:MNDI) completed the acquisition of Hinton Pulp a Division of West Fraser Timber Co. Ltd. (TSX:WFG) for $5 million.

Mondi plc to Report Fiscal Year 2023 Results on Feb 22, 2024

Mondi plc Announces Special Dividend, Payable on 13 February 2024

Mondi plc Announces Special Dividend, Payable on 29 January 2024

Mondi plc Proposes to Pay the Special Dividend, Payable on 13 February 2024

Mondi plc Proposes to Pay the Special Dividend, Payable on 26 January 2024

Sezar Invest LLC completed the acquisition of Open Joint Stock Company Mondi Syktyvkar from Mondi plc.

Sezar Invest LLC entered into an agreement to acquire Open Joint Stock Company Mondi Syktyvkar from Mondi plc for approximately RUB 80 billion.

Sezar Invest LLC entered into an agreement to acquire Open Joint Stock Company Mondi Syktyvkar from Mondi plc for approximately RUB 80 billion.

Mondi plc Declares Interim Dividend for the Year Ending 31 December 2023, Payable on 29 September 2023

Mondi plc (LSE:MNDI) agreed to acquire Hinton Pulp a Division of West Fraser Timber Co. Ltd. (TSX:WFG) for $5 million.

Mondi plc Appoints Anke Groth as an Independent Non-Executive Director, Effect from 1 April 2023

Mondi plc Announces Board Changes

Mondi plc (LSE:MNDI) completed the acquisition of Duino mill near Trieste from Burgo Group S.p.A.

ZAO GOTEK entered into an agreement to acquire Three Russian packaging converting operations from Mondi plc for RUB 1.6 billion.

Mondi plc to Report First Half, 2023 Results on Aug 03, 2023

Mondi plc (LSE:MNDI) agreed to acquire Duino mill near Trieste from Burgo Group S.p.A for €40 million.

MKOOO Augment Investments Limited agreed to acquire Open Joint Stock Company Mondi Syktyvkar from Mondi plc (LSE:MNDI).

Mondi plc Announces Interim Dividend for the Year Ending 31 December 2022, Payable on 29 September 2022

Mondi plc Appoints Saki Macozoma as Independent Non-Executive Director and Member of Audit and Nominations Committees

Mondi Group Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 16 May 2022

Mondi plc Announces Retirement of Tanya Fratto as Non Executive Director

Mondi plc Announces Retirement of Tanya Fratto as Non Executive Director

Nitto Denko Corporation (TSE:6988) agreed to acquire Personal Care Components Business of Mondi Plc for €615 million.

Mondi plc to Report First Half, 2022 Results on Aug 04, 2022

Mondi plc (LSE:MNDI) completed the acquisition of 90.4% stake in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.S. (IBSE:OLMIP) from International Paper Company (NYSE:IP).

Mondi plc Announces Final Dividend for the Year Ended 31 December 2020, Payable on 13 May 2021

Mondi Reportedly Considers Bid for DS Smith

Mondi plc Announces Board Appointments, Effective on April 22, 2021

Mondi plc Announces the Retirement of Stephen Harris as Independent Director

Mondi plc (LSE:MNDI) made a tender offer to acquire 9.62% stake in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.S. (IBSE:OLMIP).

Mondi plc Appoints Svein Richard Brandtzaeg as Independent Non-Executive Director and Member of the Audit, Nominations and Sustainable Development Committees, Effective 22 April 2021

Mondi plc Confirms Mike Powell as CFO, Effective 1 November 2020

Mondi plc (LSE:MNDI) acquired Two Paper Bag Production Lines of Helwan Cement Company and InterCement Sacs.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

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