Morrow Bank Management
Management criteria checks 3/4
Morrow Bank's CEO is Oyvind Oanes, appointed in Oct 2021, has a tenure of 2.5 years. total yearly compensation is NOK4.20M, comprised of 97.6% salary and 2.4% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth €136.97K. The average tenure of the management team and the board of directors is 2.3 years and 2 years respectively.
Key information
Oyvind Oanes
Chief executive officer
kr4.2m
Total compensation
| CEO salary percentage | 97.6% |
| CEO tenure | 2.5yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.3yrs |
| Board average tenure | 2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | kr4m | kr4m | kr134m |
| Sep 30 2023 | n/a | n/a | kr13m |
| Jun 30 2023 | n/a | n/a | -kr4m |
| Mar 31 2023 | n/a | n/a | -kr9m |
| Dec 31 2022 | kr4m | kr4m | -kr14m |
| Sep 30 2022 | n/a | n/a | kr111m |
| Jun 30 2022 | n/a | n/a | -kr263m |
| Mar 31 2022 | n/a | n/a | -kr249m |
| Dec 31 2021 | kr1m | kr1m | -kr222m |
Compensation vs Market: Oyvind's total compensation ($USD378.11K) is about average for companies of similar size in the German market ($USD402.43K).
Compensation vs Earnings: Oyvind's compensation has been consistent with company performance over the past year.
CEO
Oyvind Oanes
2.5yrs
Tenure
kr4,200,000
Compensation
Mr. Oyvind Oanes serves as Chief Executive Officer at Morrow Bank ASA (formerly known as Komplett Bank ASA) since 1 October 2021. He had been Group Chief Executive Officer and Member of Management Board at...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 2.5yrs | kr4.20m | 0.18% NOK 137.0k | |
| Chief Financial Officer | 2.2yrs | kr2.70m | 1.07% NOK 837.4k | |
| Chief Operating Officer | 2.3yrs | kr2.90m | 0.92% NOK 716.5k | |
| Interim Chief Technology Officer | 2.1yrs | no data | 0.059% NOK 46.2k | |
| Chief Credit Risk Officer | 2.3yrs | kr2.70m | 0.064% NOK 50.3k | |
| Operations Manager for Customer Service & Employee Director | no data | kr100.00k | 0.0077% NOK 6.0k | |
| Chief Commercial Officer | no data | kr2.40m | no data | |
| Head of Finance | 2.3yrs | kr6.20m | 0.21% NOK 163.8k |
2.3yrs
Average Tenure
Experienced Management: KBN's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Operations Manager for Customer Service & Employee Director | 4.1yrs | kr100.00k | 0.0077% NOK 6.0k | |
| Independent Chairman | 6.1yrs | kr900.00k | 0.17% NOK 136.0k | |
| Independent Deputy Chairman of the Board | 10.1yrs | kr600.00k | 0.32% NOK 251.6k | |
| Independent Director | 2yrs | kr400.00k | no data | |
| Independent Director | 2yrs | kr400.00k | 0.045% NOK 34.9k | |
| Employee Director | 1.3yrs | kr100.00k | 0.0043% NOK 3.4k | |
| Employee Elected Deputy Member | 1.3yrs | no data | no data | |
| Employee Elected Deputy Member | 1.3yrs | no data | no data | |
| Director | less than a year | kr300.00k | no data |
2.0yrs
Average Tenure
56.5yo
Average Age
Experienced Board: KBN's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.