Epiroc Management

Management criteria checks 4/4

Epiroc's CEO is Helena Hedblom, appointed in Mar 2020, has a tenure of 4.67 years. total yearly compensation is SEK26.13M, comprised of 45.6% salary and 54.4% bonuses, including company stock and options. directly owns 0.002% of the company’s shares, worth €393.23K. The average tenure of the management team and the board of directors is 4.7 years and 6.8 years respectively.

Key information

Helena Hedblom

Chief executive officer

SEK 26.1m

Total compensation

CEO salary percentage	45.6%
CEO tenure	4.7yrs
CEO ownership	0.002%
Management average tenure	4.7yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Helena Hedblom's remuneration changed compared to Epiroc's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	SEK 9b
Jun 30 2024	n/a	n/a	SEK 9b
Mar 31 2024	n/a	n/a	SEK 9b
Dec 31 2023	SEK 26m	SEK 12m	SEK 9b
Sep 30 2023	n/a	n/a	SEK 10b
Jun 30 2023	n/a	n/a	SEK 10b
Mar 31 2023	n/a	n/a	SEK 9b
Dec 31 2022	SEK 25m	SEK 11m	SEK 8b
Sep 30 2022	n/a	n/a	SEK 8b
Jun 30 2022	n/a	n/a	SEK 8b
Mar 31 2022	n/a	n/a	SEK 8b
Dec 31 2021	SEK 26m	SEK 11m	SEK 7b
Sep 30 2021	n/a	n/a	SEK 7b
Jun 30 2021	n/a	n/a	SEK 6b
Mar 31 2021	n/a	n/a	SEK 5b
Dec 31 2020	SEK 21m	SEK 8m	SEK 5b

Compensation vs Market: Helena's total compensation ($USD2.38M) is below average for companies of similar size in the German market ($USD4.74M).

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

CEO

Helena Hedblom (51 yo)

4.7yrs

Tenure

SEK 26,132,000

Compensation

Ms. Helena Hedblom, M.Sc. (Material Technology), has been an Independent Director at Stora Enso Oyj since March 19, 2021. She has been Director at Epiroc AB (publ) since May 12, 2020. Ms. Hedblom has been...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Helena Hedblom	CEO, President & Director	4.7yrs	SEK 26.13m	0.0020% € 393.2k
Hakan Folin	Senior VP of Controlling	2.9yrs	no data	0.00048% € 94.8k
Ashleigh Braddock	Vice President of Sales & Operations	1.4yrs	no data	no data
Jonas Albertson	Chief Technology Officer	4.7yrs	no data	0.00068% € 134.4k
Karin Larsson	VP of Investor Relations & Head of IR	no data	no data	no data
Charlotta Grähs	Senior VP & General Counsel	2.8yrs	no data	0.00035% € 69.2k
Nadim Penser	Senior Vice President of Brand & Communication	4.7yrs	no data	0.00056% € 110.7k
Martin Hjerpe	President of the Tools division	5.7yrs	no data	0.00095% € 187.7k
Jose Sanchez	President of Surface Division	10.8yrs	no data	0.0014% € 272.7k
Goran Popovski	President of Attachments	4.7yrs	no data	0.00077% € 152.2k
Nelson Trejo	President of Parts & Services North and South America (NASA)	1.8yrs	no data	0.00019% € 37.5k
Luis Araneda	President Parts & Services Europe	1.8yrs	no data	0.00043% € 85.0k

4.7yrs

Average Tenure

50yo

Average Age

Experienced Management: 3AD1's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Helena Hedblom	CEO, President & Director	4.5yrs	SEK 26.13m	0.0020% € 393.2k
Ulla Litzen	Independent Director	7.8yrs	SEK 1.12m	0.0065% € 1.3m
Johan Forssell	Director	7.8yrs	SEK 1.18m	0.00041% € 81.0k
Lennart Evrell	Independent Director	7.8yrs	SEK 1.29m	0.00033% € 65.2k
Jeane Hull	Independent Director	6.8yrs	SEK 900.00k	no data
Ronnie Leten	Independent Chairman of the Board	7.8yrs	SEK 2.93m	0.0055% € 1.1m
Ulf Ström	Employee Representative Director	less than a year	no data	no data
Kristina Kanestad	Employee Representative Director	6.8yrs	no data	no data
Anthea Bath	Independent Director	2.6yrs	SEK 802.00k	no data
Astrid Skarheim Onsum	Independent Director	6.8yrs	SEK 1.22m	no data
Gustav El Rachidi	Deputy Employee Representative Director	6.8yrs	no data	no data
Sigurd Mareels	Independent Director	4.5yrs	SEK 910.00k	no data

6.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 3AD1's board of directors are considered experienced (6.8 years average tenure).

Epiroc Management

Management criteria checks 4/4

Key information

Recent management updates

Epiroc AB (Publ) Announces Formation of the Nomination Committee for the Annual General Meeting 2025

Epiroc AB (publ) Appoints Jodie Velasquez President Parts & Services APAC Division

Epiroc Announces Change in Group Management

Epiroc AB (Publ) Announces Executive Changes

Epiroc Announces Resignation of Sami Niiranen as Divisional President Sami Niiranen, Effective May 2024

Epiroc AB (publ), Annual General Meeting, May 14, 2024

Recent updates

Now 20% undervalued

Third quarter 2024 earnings released: EPS: kr1.92 (vs kr1.85 in 3Q 2023)

Upcoming dividend of kr1.90 per share

Epiroc AB (Publ) Announces Formation of the Nomination Committee for the Annual General Meeting 2025

Now 21% undervalued

Epiroc AB (publ) (OM:EPI A) completed the acquisition of ACB+.

Second quarter 2024 earnings released: EPS: kr1.69 (vs kr2.19 in 2Q 2023)

Dividend of kr1.90 announced

Epiroc AB (publ) (OM:EPI A) acquired Business of Yieldpoint Inc from Yieldpoint Inc.

Epiroc AB (publ) Appoints Jodie Velasquez President Parts & Services APAC Division

Epiroc AB (Publ) Approves Dividend, Payable on May 21, 2024, and October 25, 2024

Epiroc Announces Change in Group Management

Epiroc AB (publ) (OM:EPI A) completed the acquisition of STANLEY Infrastructure, LLC from Stanley Black & Decker, Inc. (NYSE:SWK).

Epiroc Splits Tools & Attachments Division

Full year 2023 earnings released: EPS: kr7.82 (vs kr6.96 in FY 2022)

Final dividend of kr1.90 announced

Epiroc AB (publ) to Report Q4, 2024 Results on Jan 30, 2025

Full year 2023 earnings released: EPS: kr7.82 (vs kr6.96 in FY 2022)

Epiroc AB (publ) Proposes Dividend

Epiroc AB (Publ) Announces Executive Changes

Epiroc AB (publ) (OM:EPI A) agreed to acquire STANLEY Infrastructure, LLC from Stanley Black & Decker, Inc. (NYSE:SWK) for $760 million.

Epiroc Announces Resignation of Sami Niiranen as Divisional President Sami Niiranen, Effective May 2024

Epiroc AB (publ) to Report Q4, 2023 Results on Jan 24, 2024

Third quarter 2023 earnings released

Epiroc AB (publ), Annual General Meeting, May 14, 2024

Epiroc AB (Publ) Announces Formation of the Nomination Committee for the Annual General Meeting 2024

Upcoming dividend of kr1.70 per share at 1.6% yield

Second quarter 2023 earnings released

Epiroc AB (publ) (OM:EPI A) completed the acquisition of Production facilities and Service centers of Schramm.

Epiroc AB (publ) Approves Dividend

Senior VP & General Counsel recently bought €27k worth of stock

Epiroc AB (publ) (OM:EPI A) agreed to acquire Production facilities and Service centers of Schramm.

Upcoming dividend of kr1.70 per share at 1.7% yield

Senior VP of Controlling recently bought €18k worth of stock

Full year 2022 earnings released

Epiroc Presents World's First Underground Mine Truck Made Using Fossil-Free Steel from SSAB

Epiroc AB (publ) (OM:EPI A) completed the acquisition of CQMS Razer Pty Ltd.

Full year 2022 earnings released

Epiroc AB (Publ) Proposes A Dividend

Epiroc AB (publ) (OM:EPI A) agreed to acquire CQMS Razer Pty Ltd.

Epiroc Announces Management Changes

Epiroc AB (publ) (OM:EPI A) agreed to acquire Mernok Elektronik (Pty) Ltd.

Epiroc AB (publ) (OM:EPI A) completed the acquisition of Remote Control Technologies Pty Ltd.

Epiroc AB (publ) to Report Q3, 2023 Results on Oct 27, 2023

Epiroc AB (publ) (OM:EPI A) completed the acquisition of The Wain-Roy Business of Oregon Tool, Inc from Oregon Tool, Inc.

Epiroc AB (publ) (OM:EPI A) completed the acquisition of 53% stake in Radlink Pty Ltd.

Epiroc AB (publ) (OM:EPI A) agreed to acquire Remote Control Technologies Pty Ltd.

Epiroc AB (publ) (OM:EPI A) agreed to acquire The Wain-Roy Business from Oregon Tool, Inc.

Epiroc AB (publ) to Report Q4, 2022 Results on Jan 23, 2023

Epiroc AB (publ), Annual General Meeting, May 23, 2023

Epiroc AB (publ) (OM:EPI A) completed the acquisition of GeoScan Utility and Structural Investigation.

Epiroc AB (publ) (OM:EPI A) agreed to acquire GeoScan: Utility and Structural Investigation.

Epiroc Announces Split of Parts & Services Division into Three Regional Parts & Services Divisions, Effective January 1, 2023

Epiroc AB (publ) (OM:EPI A) agreed to acquire 53% stake in Radlink Pty Ltd.

Epiroc AB (publ) (OM:EPI A) entered into an agreement to acquire Aard Mining Equipment (Pty) Ltd.

Epiroc AB (publ) (OM:EPI A) Completed the acquisition of RNP México.

Jess Kindler, Division President, to Leave Epiroc

Epiroc Announces Executive Changes, Effective July 1, 2022

Epiroc AB (publ) (OM:EPI A) entered into an agreement to acquire RNP México.

Epiroc to Relocate Operations from Japan to China

First quarter 2022 earnings released: EPS: kr1.66 (vs kr1.15 in 1Q 2021)

Epiroc AB Approves Dividend for 2021, Payable on May 2, 2022 and October 27, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age