PowerFleet Management
Management criteria checks 1/4
PowerFleet's CEO is Steve Towe, appointed in Jan 2022, has a tenure of 2.42 years. total yearly compensation is $2.87M, comprised of 14.8% salary and 85.2% bonuses, including company stock and options. directly owns 0.62% of the company’s shares, worth ZAR55.14M. The average tenure of the management team and the board of directors is 0.4 years and 2.4 years respectively.
Key information
Steve Towe
Chief executive officer
US$2.9m
Total compensation
| CEO salary percentage | 14.8% |
| CEO tenure | 2.4yrs |
| CEO ownership | 0.6% |
| Management average tenure | less than a year |
| Board average tenure | 2.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$3m | US$425k | -US$17m |
| Sep 30 2023 | n/a | n/a | -US$9m |
| Jun 30 2023 | n/a | n/a | -US$7m |
| Mar 31 2023 | n/a | n/a | -US$4m |
| Dec 31 2022 | US$3m | US$425k | -US$17m |
Compensation vs Market: Steve's total compensation ($USD2.87M) is above average for companies of similar size in the ZA market ($USD925.34K).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
CEO
Steve Towe (52 yo)
2.4yrs
Tenure
US$2,872,292
Compensation
Mr. Steve Towe serves as Chief Executive Officer and Director of PowerFleet, Inc. since January 05, 2022. Mr. Towe joined the PowerFleet, Inc. in January 2022. Mr. Towe also serves on the board of director...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.4yrs | US$2.87m | 0.62% $ 55.1m | |
| CFO & Corporate Secretary | 1.4yrs | US$1.24m | 0.048% $ 4.2m | |
| Chief Technology Officer | 2.3yrs | US$313.13k | 0.031% $ 2.8m | |
| Chief Operating Officer | less than a year | no data | 0.030% $ 2.7m | |
| Chief Marketing Officer | 1.4yrs | no data | no data | |
| Chief Corporate Development Officer | less than a year | no data | 0.041% $ 3.6m | |
| Chief Product Officer | less than a year | no data | 0% $ 0 | |
| Chief Customer Officer | less than a year | no data | 0.30% $ 26.9m | |
| Chief Revenue Officer | less than a year | no data | 1.01% $ 89.0m |
0.4yrs
Average Tenure
51.5yo
Average Age
Experienced Management: PWR's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.4yrs | US$2.87m | 0.62% $ 55.1m | |
| Independent Director | less than a year | no data | 0.021% $ 1.9m | |
| Independent Chairman of the Board | 7.5yrs | US$162.57k | 0.26% $ 22.9m | |
| Independent Non-Executive Director | 8yrs | no data | 4.14% $ 366.6m | |
| Independent Non-Executive Director | less than a year | no data | no data |
2.4yrs
Average Tenure
52yo
Average Age
Experienced Board: PWR's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.