Eqva Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Erik Hoeyvik

Chief executive officer

kr2.4m

Total compensation

CEO salary percentage	89.6%
CEO tenure	3.2yrs
CEO ownership	n/a
Management average tenure	2.3yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Erik Hoeyvik's remuneration changed compared to Eqva's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr2m	kr2m	-kr22m
Sep 30 2023	n/a	n/a	-kr22m
Jun 30 2023	n/a	n/a	-kr23m
Mar 31 2023	n/a	n/a	-kr22m
Dec 31 2022	kr2m	kr2m	-kr31m
Sep 30 2022	n/a	n/a	-kr70m
Jun 30 2022	n/a	n/a	kr13m
Mar 31 2022	n/a	n/a	kr37m
Dec 31 2021	kr2m	kr2m	kr60m
Sep 30 2021	n/a	n/a	kr177m
Jun 30 2021	n/a	n/a	kr118m
Mar 31 2021	n/a	n/a	kr82m
Dec 31 2020	kr1m	kr533k	kr45m

Compensation vs Market: Erik's total compensation ($USD220.82K) is below average for companies of similar size in the German market ($USD406.04K).

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

CEO

Erik Hoeyvik

3.2yrs

Tenure

kr2,422,000

Compensation

Mr. Erik Hoeyvik has been Chief Executive Officer at Eqva ASA (formerly known as Havyard Group ASA) since February 2021 and served as its Chief Financial Officer since August 1, 2020 until February 2021. P...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Erik Hoeyvik	Chief Executive Officer	3.2yrs	kr2.42m	no data
Petter Sordahl	Chief Financial Officer	less than a year	no data	no data
Trygve Kjerpeseth	Group Head of Risk & Projects and CEO of BKS	no data	no data	no data
Daniel Molvik	Head of Strategy & Business Development	no data	no data	0.089% NOK 17.8k
Stig Espeseth	Managing Director of Havyard Design AS	no data	no data	no data
Havard Gjelseth	Managing Director of MMC Green Technology AS	12.5yrs	no data	no data
Kristian Osnes	Managing Director of HAV Hydrogen AS	no data	no data	no data
Tom Jensen	Chief Executive Officer of Fossberg Kraft	2.3yrs	no data	no data
Jan Berg	Executive Vice President of Business Development - Norwegian Electric Systems-Sub	no data	no data	no data
Lasse Stokkeland	Executive Vice President of Havyard Ship Technology AS	no data	no data	no data
Petter Fauske	Executive Vice President of MMC First Process AS	no data	no data	no data
Nedim Jakupovic	Executive Vice President of Havyard Production SP z.o.o	no data	no data	no data

2.3yrs

Average Tenure

Experienced Management: 1H2's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Svein Milford	Director of Norwegian Electric Systems	no data	no data	no data
Ellen Hanetho	Director	2.3yrs	no data	0.047% NOK 9.3k
Rune Skarveland	Director	2.3yrs	no data	11.12% NOK 2.2m
Vegard Sævik	Independent Director	no data	kr420.00k	1.8% NOK 359.6k
Anne Sofie Bruun-Olsen	Director	2.3yrs	no data	0.047% NOK 9.3k
Even Ellingsen	Chairman of the Board	2.3yrs	no data	11.41% NOK 2.3m
Tomasz Wesierski	Employee Representative Director	less than a year	no data	no data
Kari Markhus	Employee Representative Director	less than a year	no data	no data

2.3yrs

Average Tenure

59yo

Average Age

Experienced Board: 1H2's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Eqva Management

Management criteria checks 3/4

Key information

Recent management updates

Eqva ASA Announces Chief Financial Officer Changes

Eqva ASA, Annual General Meeting, Jun 30, 2023

Eqva ASA Announces Cessation of Eirik Sævareid as CFO

No independent directors

Chairman of the Board recently bought €1.0m worth of stock

Less than half of directors are independent

Recent updates

New major risk - Financial position

Full year 2023 earnings released: kr0.18 loss per share (vs kr0.30 loss in FY 2022)

Eqva ASA to Report Fiscal Year 2024 Results on Mar 27, 2025

Eqva ASA to Report Q3, 2024 Results on Nov 14, 2024

Tersan Shipyard Inc acquired Havyard Leirvik Holding AS from Eqva ASA (OB:EQVA) for NOK 30 million

Third quarter 2023 earnings released: kr0.28 loss per share (vs kr0.17 loss in 3Q 2022)

Tersan Shipyard Inc entered into agreement to acquire Havyard Leirvik Holding AS from Eqva ASA (OB:EQVA) for NOK 30 million.

Eqva ASA Announces Chief Financial Officer Changes

Second quarter 2023 earnings released

New major risk - Share price stability

Eqva ASA, Annual General Meeting, Jun 30, 2023

Eqva ASA Announces Cessation of Eirik Sævareid as CFO

First quarter 2023 earnings released: kr0.012 loss per share (vs kr0.005 loss in 1Q 2022)

Full year 2022 earnings released

Eqva ASA to Report Q3, 2023 Results on Nov 15, 2023

No independent directors

Chairman of the Board recently bought €1.0m worth of stock

Less than half of directors are independent

First half 2022 earnings released: kr0.01 loss per share (vs kr3.79 profit in 1H 2021)

Insider recently bought €4.0m worth of stock

Havyard Group ASA (OB:HYARD) entered into a agreement to acquire 100% stake in HG Group AS and an unknown minority stake in BKS Holding AS for approximately NOK 360 million.

Qualitech Staffing acquired an minority stake in HPR Sp. z o.o. from Havyard Group ASA (OB:HYARD).

Havyard Group ASA (OB:HYARD) commences an Equity Buyback Plan, under the authorization approved on May 27, 2021.

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Independent Director recently bought €8.7k worth of stock

Independent Director recently bought €8.7k worth of stock

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Full year 2020 earnings released: EPS kr3.43 (vs kr19.43 loss in FY 2019)

Havyard Group ASA Announces Executive Changes

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age