Norwegian Air Shuttle Management

Management criteria checks 2/4

Norwegian Air Shuttle's CEO is Geir Karlsen, appointed in Jun 2021, has a tenure of 2.92 years. total yearly compensation is NOK9.34M, comprised of 59.6% salary and 40.4% bonuses, including company stock and options. directly owns 0.068% of the company’s shares, worth CHF795.71K. The average tenure of the management team and the board of directors is 3 years and 2.9 years respectively.

Key information

Geir Karlsen

Chief executive officer

NOK 9.3m

Total compensation

CEO salary percentage	59.6%
CEO tenure	2.9yrs
CEO ownership	0.07%
Management average tenure	3yrs
Board average tenure	2.9yrs

Recent management updates

No updates

Recent updates

No updates

CEO Compensation Analysis

How has Geir Karlsen's remuneration changed compared to Norwegian Air Shuttle's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	NOK 9m	NOK 6m	NOK 2b
Sep 30 2023	n/a	n/a	NOK 1b
Jun 30 2023	n/a	n/a	NOK 219m
Mar 31 2023	n/a	n/a	NOK 943m
Dec 31 2022	NOK 6m	NOK 6m	NOK 920m
Sep 30 2022	n/a	n/a	NOK 1b
Jun 30 2022	n/a	n/a	NOK 428m
Mar 31 2022	n/a	n/a	NOK 2b
Dec 31 2021	NOK 16m	NOK 5m	NOK 2b
Sep 30 2021	n/a	n/a	-NOK 15b
Jun 30 2021	n/a	n/a	-NOK 16b
Mar 31 2021	n/a	n/a	-NOK 22b
Dec 31 2020	NOK 10m	NOK 5m	-NOK 23b
Sep 30 2020	n/a	n/a	-NOK 8b
Jun 30 2020	n/a	n/a	-NOK 6b
Mar 31 2020	n/a	n/a	-NOK 3b
Dec 31 2019	NOK 12m	NOK 7m	-NOK 2b
Sep 30 2019	n/a	n/a	-NOK 3b
Jun 30 2019	n/a	n/a	-NOK 3b
Mar 31 2019	n/a	n/a	-NOK 3b
Dec 31 2018	NOK 3m	NOK 2m	-NOK 1b

Compensation vs Market: Geir's total compensation ($USD861.49K) is below average for companies of similar size in the Swiss market ($USD1.35M).

Compensation vs Earnings: Geir's compensation has increased by more than 20% in the past year.

CEO

Geir Karlsen (58 yo)

2.9yrs

Tenure

NOK 9,339,000

Compensation

Mr. Geir Magne Karlsen serves as Chief Executive Officer in Norwegian Air Shuttle ASA since June 21, 2021. He had been Chief Financial Officer of Norwegian Air Shuttle ASA since April 2018 until June 2021...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Geir Karlsen	Chief Executive Officer	2.9yrs	NOK 9.34m	0.068% NOK 795.7k
Hans-Joergen Wibstad	Chief Financial Officer	2yrs	NOK 4.57m	0.0073% NOK 85.5k
Henrik Fjeld	Interim COO & Senior VP of Technical	less than a year	NOK 1.71m	no data
Per Lyckander	Interim Chief Operating Officer	less than a year	NOK 2.23m	no data
Anne-Sissel Skanvik	Chief Communications & Public Affairs Officer	15.3yrs	NOK 3.13m	0.0052% NOK 61.2k
Christoffer Sundby	Chief Marketing & Customer Officer	3.2yrs	NOK 5.04m	0.035% NOK 415.9k
Guro Poulsen	Chief People Officer	3.9yrs	NOK 3.39m	0.018% NOK 215.9k
Tore Jenssen	Chief Asset Officer	4.3yrs	NOK 5.17m	no data
Knut Olav Irgens Hoeg	Chief IT & Business Services Officer	4.3yrs	NOK 3.84m	0.025% NOK 293.4k
Magnus Maursund	Chief Commercial Officer	2.6yrs	NOK 3.65m	0.00048% NOK 5.7k
Jesper Hatletveit	Vice President of Investor Relations	no data	no data	no data
Anders Fagernæs	Norwegian Head of Environmental Sustainability	no data	no data	no data

3.0yrs

Average Tenure

49yo

Average Age

Experienced Management: NWC's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lars Boilesen	Independent Director	2.9yrs	NOK 627.00k	0.061% NOK 715.1k
Stephen Kavanagh	Independent Director	less than a year	no data	no data
Svein Oygard	Independent Chairman of Board	2.9yrs	NOK 1.13m	0.20% NOK 2.3m
Ingrid Leisner	Independent Director	5yrs	NOK 675.00k	0.0031% NOK 36.5k
Katrine Gundersen	Employee Representative Director	5.3yrs	NOK 150.00k	0.00015% NOK 1.8k
Eric Holm	Employee Representative Director	5.3yrs	NOK 150.00k	0.000030% NOK 353.2
Torstein Soland	Employee Representative Director	2.3yrs	NOK 150.00k	no data
Katherine Sherry	Independent Director	less than a year	NOK 100.00k	0.0028% NOK 33.4k

2.9yrs

Average Tenure

55.5yo

Average Age

Experienced Board: NWC's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.