Svenska Handelsbanken Management

Management criteria checks 4/4

Svenska Handelsbanken's CEO is Carina Akerstrom, appointed in Mar 2019, has a tenure of 4.33 years. total yearly compensation is SEK19.50M, comprised of 71.8% salary and 28.2% bonuses, including company stock and options. directly owns 0.002% of the company’s shares, worth CHF369.37K. The average tenure of the management team and the board of directors is 2.7 years and 3.8 years respectively.

Key information

Carina Akerstrom

Chief executive officer

kr19.5m

Total compensation

CEO salary percentage	71.8%
CEO tenure	4.3yrs
CEO ownership	0.002%
Management average tenure	2.7yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Carina Akerstrom's remuneration changed compared to Svenska Handelsbanken's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	n/a	n/a	kr25b
Mar 31 2023	n/a	n/a	kr22b
Dec 31 2022	kr20m	kr14m	kr21b
Sep 30 2022	n/a	n/a	kr20b
Jun 30 2022	n/a	n/a	kr20b
Mar 31 2022	n/a	n/a	kr20b
Dec 31 2021	kr18m	kr13m	kr19b
Sep 30 2021	n/a	n/a	kr17b
Jun 30 2021	n/a	n/a	kr15b
Mar 31 2021	n/a	n/a	kr15b
Dec 31 2020	kr17m	kr13m	kr15b
Sep 30 2020	n/a	n/a	kr16b
Jun 30 2020	n/a	n/a	kr16b
Mar 31 2020	n/a	n/a	kr16b
Dec 31 2019	kr15m	kr11m	kr17b
Sep 30 2019	n/a	n/a	kr17b
Jun 30 2019	n/a	n/a	kr17b
Mar 31 2019	n/a	n/a	kr18b
Dec 31 2018	kr9m	kr5m	kr17b
Sep 30 2018	n/a	n/a	kr17b
Jun 30 2018	n/a	n/a	kr17b
Mar 31 2018	n/a	n/a	kr16b
Dec 31 2017	kr8m	kr5m	kr16b
Sep 30 2017	n/a	n/a	kr16b
Jun 30 2017	n/a	n/a	kr16b
Mar 31 2017	n/a	n/a	kr16b
Dec 31 2016	kr8m	kr5m	kr16b

Compensation vs Market: Carina's total compensation ($USD1.85M) is below average for companies of similar size in the Swiss market ($USD6.38M).

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

CEO

Carina Akerstrom (61 yo)

4.3yrs

Tenure

kr19,500,000

Compensation

Ms. Carina Akerstrom has been President, Group Chief Executive and Executive Director of Svenska Handelsbanken AB (publ) since March 27, 2019. She serves as a Member of the Council at Stiftelsen Det Norske...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Carina Akerstrom	President	4.3yrs	kr19.50m	0.0024% SEK 369.4k
Carl Cederschiold	CFO, Deputy CEO & Executive VP	3.3yrs	kr9.60m	0% SEK 0
Per Beckman	Deputy CEO	1.8yrs	kr10.20m	no data
Mattias Forsberg	Chief Information Officer & Executive Director	3.4yrs	no data	no data
Peter Grabe	Head of Investor Relations	no data	no data	no data
Martin Wasteson	Chief Legal Officer & Company Secretary	8.3yrs	no data	no data
Monika Bergström	Chief Compliance Officer	1.3yrs	no data	no data
Louise Sander	Chief Communication Officer & Head of Group Communication	2yrs	no data	0.000040% SEK 6.1k
Cecilia Lundin	Chief Human Resources Officer	less than a year	no data	no data
Tommy Bylund	Senior Vice President	no data	no data	no data
Goran Stille	Head of Financing	2.7yrs	no data	no data
Charlotte Skog	Executive Officer	no data	no data	no data

2.7yrs

Average Tenure

57yo

Average Age

Experienced Management: SVHH's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Carina Akerstrom	President	4.3yrs	kr19.50m	0.0024% SEK 369.4k
Jon Baksaas	Independent Director	20.5yrs	kr1.87m	0.00019% SEK 28.8k
Fredrik Lundberg	Deputy Chairman of the Board	21.5yrs	kr1.48m	4% SEK 606.1m
Ulf Riese	Independent Director	3.3yrs	kr2.51m	0.0091% SEK 1.4m
Kerstin Hessius	Independent Director	7.3yrs	kr1.29m	0.00044% SEK 66.6k
Par Boman	Independent Chairman of the Board	17.5yrs	kr5.65m	0.0073% SEK 1.1m
Hans Biorck	Independent Director	5.3yrs	kr2.21m	0.00025% SEK 37.8k
Arja Taaveniku	Independent Director	3.3yrs	kr1.19m	0.00015% SEK 22.7k
Stina Bergfors	Independent Director	2.3yrs	kr1.19m	no data
Helene Barnekow	Independent Director	1.3yrs	kr745.00k	0.000050% SEK 7.6k
Anna Qvarfordt	Employee Representative Director	3.3yrs	no data	0.0013% SEK 189.2k
Lena Renstrom	Employee Representative Director	3.3yrs	no data	0.0015% SEK 233.1k

3.8yrs

Average Tenure

61.5yo

Average Age

Experienced Board: SVHH's board of directors are considered experienced (3.8 years average tenure).

Svenska Handelsbanken Management

Management criteria checks 4/4

Key information

Recent management updates

Svenska Handelsbanken AB (publ) Announces Composition of Nomination Committee

Handelsbanken Announces Executive Changes

Svenska Handelsbanken AB Announces Board Changes

Svenska Handelsbanken AB (Publ) Announces Chief Executive Officer Changes, Effective January 1, 2024

Svenska Handelsbanken AB (Publ) Appoints Michael Green as President

Svenska Handelsbanken AB (publ) Announces Change of President, Effective 1 January 2024

Recent updates

Svenska Handelsbanken AB (Publ) Resolves Extra Ordinary Dividend

Svenska Handelsbanken AB (Publ) Approves Dividend for the Year 2023

Svenska Handelsbanken AB (publ) Announces Composition of Nomination Committee

Handelsbanken Announces Executive Changes

Svenska Handelsbanken AB (Publ) Proposes Special Dividend, Payable on 27 March 2024

Svenska Handelsbanken AB Announces Board Changes

Svenska Handelsbanken AB (Publ) Announces Chief Executive Officer Changes, Effective January 1, 2024

Svenska Handelsbanken AB (Publ) Appoints Michael Green as President

Svenska Handelsbanken AB (publ) Announces Change of President, Effective 1 January 2024

Svenska Handelsbanken AB (publ) to Report Nine Months, 2023 Results on Oct 18, 2023

Svenska Handelsbanken AB (Publ) Announces Change in Retirement Plan for CEO

Oma Säästöpankki Oyj (HLSE:OMASP), S-Pankki Oyj and Fennia Life Insurance Company Ltd. signed an agreement to acquire SME enterprise operations of Svenska Handelsbanken AB.

Svenska Handelsbanken AB (publ) (OM:SHB A) signed an agreement to acquire SME enterprise operations of Svenska Handelsbanken AB.

Svenska Handelsbanken AB (Publ) Proposes Special Dividend, Payable on 29 March 2023

Jyske Bank A/S (CPSE:JYSK) completed the acquisition of Business activities of Svenska Handelsbanken AB in Denmark from Svenska Handelsbanken AB (publ) (OM:SHB A).

Second quarter 2022 earnings released: EPS: kr2.07 (vs kr2.28 in 2Q 2021)

Investor sentiment deteriorated over the past week

Jyske Bank A/S (CPSE:JYSK) entered into an agreement to acquire Business activities of Svenska Handelsbanken AB in Denmark from Svenska Handelsbanken AB (publ) (OM:SHB A).

Jyske Bank A/S (CPSE:JYSK) entered into an agreement to acquire Business activities of Svenska Handelsbanken AB in Denmark from Svenska Handelsbanken AB (publ) (OM:SHB A).

Jyske Bank in Discussions to Acquire Svenska Handelsbanken's Danish Activities

Svenska Handelsbanken AB (publ) Appoints Monika Bergström as Chief Compliance Officer

Svenska Handelsbanken AB (publ) to Report Nine Months, 2023 Results on Oct 18, 2023

Now 21% undervalued

Svenska Handelsbanken AB (publ) Proposes Dividend for 2021, Payable on 30 March 2022

President recently bought CHF106k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Handelsbanken Announces Changes in Management

Third quarter 2021 earnings released: EPS kr2.62 (vs kr1.68 in 3Q 2020)

President recently bought CHF111k worth of stock

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age