Minesto Management

Management criteria checks 2/4

Minesto's CEO ist Martin Edlund , ernannt in Feb 2016, hat eine Amtszeit von 7.83 Jahren. Die jährliche Gesamtvergütung beträgt SEK2.09M , bestehend aus 100% Gehalt und 0% Boni, einschließlich Aktien und Optionen des Unternehmens. besitzt direkt 0.091% der Aktien des Unternehmens, im Wert von SEK1.35M . Die durchschnittliche Betriebszugehörigkeit des Managementteams und des Verwaltungsrats beträgt 0.5 Jahre bzw. 13.9 Jahre.

Key information

Martin Edlund

Chief executive officer

kr2.1m

Total compensation

CEO salary percentage	100.0%
CEO tenure	8.2yrs
CEO ownership	0.09%
Management average tenure	less than a year
Board average tenure	14.3yrs

Recent management updates

Recent updates

At kr17.65, Is It Time To Put Minesto AB (publ) (STO:MINEST) On Your Watch List?

Feb 01

Minesto AB (publ)'s (STO:MINEST) Shift From Loss To Profit

May 03

The Minesto (STO:MINEST) Share Price Is Up 638% And Shareholders Are Delighted

Feb 28

When Can We Expect A Profit From Minesto AB (publ) (STO:MINEST)?

Feb 01

What Does Minesto AB (publ)'s (STO:MINEST) Share Price Indicate?

Jan 11

Our View On Minesto's (STO:MINEST) CEO Pay

Dec 21

Is Minesto (STO:MINEST) In A Good Position To Invest In Growth?

Nov 23

CEO Compensation Analysis

How has Martin Edlund's remuneration changed compared to Minesto's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-kr27m
Sep 30 2023	n/a	n/a	-kr89m
Jun 30 2023	n/a	n/a	-kr86m
Mar 31 2023	n/a	n/a	-kr86m
Dec 31 2022	kr2m	kr2m	-kr84m
Sep 30 2022	n/a	n/a	-kr17m
Jun 30 2022	n/a	n/a	-kr16m
Mar 31 2022	n/a	n/a	-kr16m
Dec 31 2021	kr2m	kr2m	-kr15m
Sep 30 2021	n/a	n/a	-kr13m
Jun 30 2021	n/a	n/a	-kr13m
Mar 31 2021	n/a	n/a	-kr14m
Dec 31 2020	kr2m	kr2m	-kr13m
Sep 30 2020	n/a	n/a	-kr98m
Jun 30 2020	n/a	n/a	-kr99m
Mar 31 2020	n/a	n/a	-kr100m
Dec 31 2019	kr2m	kr2m	-kr100m
Sep 30 2019	n/a	n/a	-kr14m
Jun 30 2019	n/a	n/a	-kr14m
Mar 31 2019	n/a	n/a	-kr11m
Dec 31 2018	kr2m	kr2m	-kr11m
Sep 30 2018	n/a	n/a	-kr10m
Jun 30 2018	n/a	n/a	-kr8m
Mar 31 2018	n/a	n/a	-kr8m
Dec 31 2017	kr2m	kr1m	-kr8m

Vergütung im Vergleich zum Markt: MartinDie Gesamtvergütung ($USD201.57K) liegt im Durchschnitt der Unternehmen ähnlicher Größe auf dem Markt Swedish ($USD232.95K).

Entschädigung vs. Einkommen: MartinDie Bezüge der Mitarbeiter sind gestiegen, während das Unternehmen unrentabel ist.

CEO

Martin Edlund (54 yo)

8.2yrs

Tenure

kr2,089,968

Compensation

Dr. Martin Edlund, PhD, has been the Chief Executive Officer of Minesto AB since February 14, 2016. Mr. Edlund is the Founder and Chief Executive Officer of Kebbison Innovation and is involved in venture c...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Martin Edlund	CEO & Director	8.2yrs	kr2.09m	0.091% SEK 427.3k
Gustav Kvibling	Chief Financial Officer	less than a year	no data	no data
Johannes Huffmeier	Chief Operations Officer	less than a year	no data	no data
Bernt Westre	Chief Technology Officer	6.6yrs	no data	0.0083% SEK 39.1k
Cecilia Sernhage	Chief Communications Officer	no data	no data	no data
David Collier	Chief Strategy Officer	less than a year	no data	0.0016% SEK 7.7k
Hans Lindstrom	Chief Supply Chain Officer	less than a year	no data	no data

0.8yrs

Average Tenure

Erfahrenes Management: MINESTDas Führungsteam des Unternehmens gilt nicht als erfahren ( 0.5 Jahre durchschnittliche Betriebszugehörigkeit), was auf ein neues Team schließen lässt.

Board Members

Name	Position	Tenure	Compensation	Ownership
Martin Edlund	CEO & Director	16.3yrs	kr2.09m	0.091% SEK 427.3k
Bengt Adolfsson	Independent Director	14.3yrs	kr96.60k	no data
Andreas Gunnarsson	Deputy Board Member	no data	no data	no data
Goran Linder	Independent Director	17.3yrs	kr96.60k	no data
Git Adolfsson	Independent Director	14.3yrs	kr96.60k	no data
Jonas Millqvist	Independent Chairman of the Board	6.3yrs	kr193.20k	0.00066% SEK 3.1k
Joel Lybert	Independent Director	less than a year	no data	no data

14.3yrs

Average Tenure

61yo

Average Age

Erfahrener Vorstand: MINESTDie Vorstandsmitglieder sind sehr erfahren ( 13.9 ).

Minesto Management

Management criteria checks 2/4

Key information

Recent management updates

Minesto AB (publ), Annual General Meeting, Apr 24, 2024

Minesto AB Elects Joel Lybert as New Board Member

Insufficient new directors

Insufficient new directors

Minesto AB (publ), Annual General Meeting, Jun 08, 2022

Insufficient new directors

Recent updates

New minor risk - Shareholder dilution

Minesto AB (publ) has completed a Composite Units Offering in the amount of SEK 100.150038 million.

Full year 2023 earnings: EPS and revenues miss analyst expectations

Minesto AB (publ), Annual General Meeting, Apr 24, 2024

Minesto AB (publ) Announces Dragon 12 Functionality Verified and Power Production Performance Completes Completion

We're Keeping An Eye On Minesto's (STO:MINEST) Cash Burn Rate

The Swedish Energy Agency Awards Minesto a SEK 2.8 Million Grant to Support Development and Testing of Next Generation Mooring System

New major risk - Share price stability

New minor risk - Market cap size

Minesto Has Successfully Executed the Launch & Recovery Method (LARS) for the First Megawatt Tidal Kite Dragon 12

Third quarter 2023 earnings released: kr0.034 loss per share (vs kr0.034 loss in 3Q 2022)

Is Minesto (STO:MINEST) In A Good Position To Invest In Growth?

Minesto Completes Build and Functional Testing of Sea-Bed Connection System for the 1.2-Megawatt Powerplant Dragon 12

New major risk - Share price stability

Minesto AB (publ) to Report Fiscal Year 2023 Results on Mar 21, 2024

Second quarter 2023 earnings released

Minesto AB Elects Joel Lybert as New Board Member

First quarter 2023 earnings released: kr0.04 loss per share (vs kr0.03 loss in 1Q 2022)

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Development on Minesto AB (publ)'s Dragon Class Project - New Record-Levels of Electricity Production

No longer forecast to breakeven

Insufficient new directors

Forecast to breakeven in 2023

Third quarter 2022 earnings released: kr0.034 loss per share (vs kr0.022 loss in 3Q 2021)

Minesto AB (publ) to Report Fiscal Year 2022 Final Results on Mar 23, 2023

We Think Minesto (STO:MINEST) Needs To Drive Business Growth Carefully

Second quarter 2022 earnings released

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Insufficient new directors

Minesto AB (publ), Annual General Meeting, Jun 08, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

At kr17.65, Is It Time To Put Minesto AB (publ) (STO:MINEST) On Your Watch List?

Insufficient new directors

Third quarter 2021 earnings released: kr0.022 loss per share (vs kr0.018 loss in 3Q 2020)

Minesto Launches Dragon Class Power Plants for Commercial Scale-Up

Second quarter 2021 earnings released: kr0.028 loss per share (vs kr0.033 loss in 2Q 2020)

Minesto AB (publ)'s (STO:MINEST) Shift From Loss To Profit

First quarter 2021 earnings released: kr0.02 loss per share (vs kr0.02 loss in 1Q 2020)

Full year 2020 earnings released: kr0.10 loss per share (vs kr0.92 loss in FY 2019)

Minesto and Schneider Electric Join Forces to Commercialize Marine Energy

The Minesto (STO:MINEST) Share Price Is Up 638% And Shareholders Are Delighted

Minesto and Technia Take Design Collaboration Global with 3Dexperience

New 90-day low: kr21.50

When Can We Expect A Profit From Minesto AB (publ) (STO:MINEST)?

New 90-day low: kr23.10

What Does Minesto AB (publ)'s (STO:MINEST) Share Price Indicate?

Our View On Minesto's (STO:MINEST) CEO Pay

New 90-day low: kr25.00

Minesto Installs and Commences Commissioning Activities of its 100kW DG100 Tidal Kite System in October

Is Minesto (STO:MINEST) In A Good Position To Invest In Growth?

New 90-day low: kr27.10

New 90-day low: kr27.95

Third quarter earnings released

Earnings released

Minesto AB (publ) to Report Fiscal Year 2020 Results on Mar 18, 2021

New 90-day high - kr35.25

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age