She supported its transition into new and economically viable wind energy resources and managed the Makani wind-borne energy spar offshore platform installation in partnership with Shell and Google X. First offshore wind rock installation contract awarded to a U.S. One-month return of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) was 8.32, and its. The vessel represents a critical advancement in bolstering the offshore wind industry, including establishing a U.S.-based rock supply chain network spanning eastern seaboard states with active offshore wind leases.īeyko most recently served as director of energy transition for the Americas at TechnipFMC, a global oil and gas company. On July 11, 2023, Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) stock closed at 8.20 per share. “This is the optimal time for us to leverage our expertise in this exciting and transformative market.”īeyko, based at GLDD’s Houston headquarters, reports directly to Petterson, who in December announced that the company is moving forward with the regulatory design of the first U.S.-flagged Jones Act compliant vessel for subsea rock installation. Thank you for reading.“Beyko has a record of demonstrated success across global platforms and she’ll be joining a team that sees offshore wind’s potential growth as a true economic stimulus for the U.S.,” says Lasse Petterson, president and CEO of GLDD. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused research analysis driven by fundamental data. Simply Wall St has no position in the stocks mentioned. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. If you spot an error that warrants correction, please contact the editor at This article by Simply Wall St is general in nature. So take a peek at this free list of interesting companies. Of course, you might find a fantastic investment by looking elsewhere. So you may want to check if insiders are buying Great Lakes Dredge & Dock shares with their own money (free access). So, considering this good performance, the CEO compensation may be quite appropriate. On top of that, in the same period, returns to shareholders have been great. Joining me on this call this morning is our President and Chief Executive Officer, Lasse Petterson. However we must not forget that the EPS growth has been very strong over three years. Good morning, and welcome to our first quarter 2023 conference call. The graphic below shows how CEO compensation at Great Lakes Dredge & Dock has changed from year to year. We can better assess whether the pay is overly generous by looking into the underlying business performance. However, this does not necessarily mean Great Lakes Dredge & Dock Corporation is paying too much. HOUSTON, (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation ('Great Lakes' or the Company) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that Empire Offshore Wind, a joint venture between Equinor (NYSE: EQNR) and bp (NYSE: bp), have chosen Great. The median total CEO compensation was US$2.5m.Īs you can see, Lasse Petterson is paid more than the median CEO pay at companies of a similar size, in the same market. First offshore wind rock installation contract awarded to a U.S. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of US$400m to US$1.6b. GREAT LAKES DREDGE & DOCK CORPORATION > INFRASTRUCTURE SOLUTIONS. Importantly, there may be performance hurdles relating to the non-salary component of the total compensation. While we always look at total compensation first, we note that the salary component is less, at US$700k. The group holding the most number of shares in the company, around 82. This method should give us information to assess how appropriately the company pays the CEO.Ĭheck out our latest analysis for Great Lakes Dredge & Dock How Does Lasse Petterson's Compensation Compare With Similar Sized Companies?Īccording to our data, Great Lakes Dredge & Dock Corporation has a market capitalization of US$656m, and paid its CEO total annual compensation worth US$3.3m over the year to December 2018. Every investor in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) should be aware of the most powerful shareholder groups. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. Then we'll look at a snap shot of the business growth. First, this article will compare CEO compensation with compensation at similar sized companies. President/CEO, Great Lakes Dredge & Dock Corp TENURE AT CURRENT POSITION. In 2017 Lasse Petterson was appointed CEO of Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD).
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