Husqvarna Management

Management criteria checks 3/4

Husqvarna's CEO is Pavel Hajman, appointed in Dec 2022, has a tenure of 1.5 years. total yearly compensation is SEK15.78M, comprised of 62.1% salary and 37.9% bonuses, including company stock and options. directly owns 0.027% of the company’s shares, worth €1.20M. The average tenure of the management team and the board of directors is 2.3 years and 5.2 years respectively.

Key information

Pavel Hajman

Chief executive officer

kr15.8m

Total compensation

CEO salary percentage	62.1%
CEO tenure	1.5yrs
CEO ownership	0.03%
Management average tenure	2.3yrs
Board average tenure	5.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Pavel Hajman's remuneration changed compared to Husqvarna's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr2b
Dec 31 2023	kr16m	kr10m	kr2b
Sep 30 2023	n/a	n/a	kr2b
Jun 30 2023	n/a	n/a	kr2b
Mar 31 2023	n/a	n/a	kr2b
Dec 31 2022	kr277k	kr277k	kr2b

Compensation vs Market: Pavel's total compensation ($USD1.50M) is below average for companies of similar size in the German market ($USD3.28M).

Compensation vs Earnings: Pavel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Pavel Hajman (59 yo)

1.5yrs

Tenure

kr15,781,000

Compensation

Mr. Pavel Hajman is Chief Executive Officer of Husqvarna AB (publ) since May 4, 2023 and serves as its Director since April 18, 2024. He was Executive Vice President of Global Information Services of Husqv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Pavel Hajman	CEO & Director	1.5yrs	kr15.78m	0.027% SEK 1.2m
Terry Burke	CFO and Executive VP of Finance	2.3yrs	no data	0.0073% SEK 325.8k
Brian Belanger	Executive VP of Legal Affairs & General Counsel and Board Secretary	9.1yrs	no data	0.015% SEK 666.0k
Leigh Dagberg	Executive Vice President of People & Organization	5.7yrs	no data	0.0061% SEK 275.0k
Pär Åström	Executive VP & President of Gardena Division	6.3yrs	no data	0.022% SEK 994.5k
Glen Instone	Executive VP and President of Forest & Garden Division	2.3yrs	no data	0.015% SEK 683.5k
Karin Falk	Executive VP & President of Construction Division	3.8yrs	no data	0.0057% SEK 256.2k
Henrik Sjöström	Head of External Communications	no data	no data	no data
Robert Hafredal	Group CIO & Executive VP of Global Information Services	1.5yrs	no data	0.0022% SEK 99.3k
Andreas Rangert	President of North America	less than a year	no data	no data
Claus Andersen	President of the Gardena Division	no data	no data	no data
Anna Fogelström	Group Supply Chain Planning Manager	no data	no data	no data

2.3yrs

Average Tenure

52yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Pavel Hajman	CEO & Director	less than a year	kr15.78m	0.027% SEK 1.2m
Thomas Johnstone	Chairman of the Board	18.4yrs	kr2.34m	0.0028% SEK 124.0k
Lars Pettersson	Director	10.2yrs	kr800.00k	0.00087% SEK 39.1k
Daniel Nodhall	Director	11.2yrs	kr835.00k	0.0024% SEK 110.1k
Ingrid Bonde	Independent Director	3.2yrs	kr940.00k	0.0010% SEK 47.2k
Torbjorn Loof	Deputy Chair of the Board	1.2yrs	kr650.00k	0.0035% SEK 157.3k
Christine Robins	Independent Director	7.2yrs	kr650.00k	0.00065% SEK 29.2k
Katarina Martinson	Director	12.3yrs	kr835.00k	0.086% SEK 3.9m
Bertrand Neuschwander	Independent Director	8.2yrs	kr740.00k	0.0013% SEK 58.9k
Anders Krantz	Employee Representative Director	1.5yrs	no data	0.000010% SEK 449.4
Thomas Elmqvist	Chairman of Husqvarna International Biodiversity Advisory Board	less than a year	no data	no data
Sandra Lavorel	Member of Husqvarna International Biodiversity Advisory Board	less than a year	no data	no data

5.2yrs

Average Tenure

59yo

Average Age

Experienced Board: HRZ's board of directors are considered experienced (5.2 years average tenure).

Husqvarna Management

Management criteria checks 3/4

Key information

Recent management updates

Husqvarna Group Announces Executive Changes

Chairman of the Board recently sold €1.8m worth of stock

Husqvarna AB Appoints Torbjörn Lööf as Deputy Chair of the Board

Husqvarna AB (Publ) Announces Pär Åström to Leave Husqvarna Group, Effective June 30, 2024

Husqvarna Group Establishes International Advisory Board of Biodiversity Experts

Husqvarna AB (publ) Announces Resignation of Erik Winberg as Executive Vice President Strategy & Innovation, and Member of the Group Management, Effective by December 31, 2023

Recent updates

Husqvarna Group Announces Executive Changes

Chairman of the Board recently sold €1.8m worth of stock

Husqvarna AB Appoints Torbjörn Lööf as Deputy Chair of the Board

Husqvarna AB (Publ) Approves Dividend for the Financial Year 2023, Payable on April 25, 2024 and October 25, 2024 Respectively

Upcoming dividend of kr1.00 per share

Husqvarna Launches Another Game-Changing Innovation in Chainsaws

Full year 2023 earnings released: EPS: kr3.81 (vs kr3.39 in FY 2022)

Husqvarna Group Expands Virtual Boundary Robotic Lawn Mower Range to Medium-Sized Gardens

Husqvarna AB (publ) Proposes Dividend for the Financial Year 2023, Payable on April 25, 2024 and October 25, 2024 Respectively

Husqvarna AB (publ) signed an agreement to acquire ET Water Systems, Inc. from Jain Irrigation, Inc.

Full year 2023 earnings released: EPS: kr3.81 (vs kr3.39 in FY 2022)

Husqvarna AB (Publ) Announces Pär Åström to Leave Husqvarna Group, Effective June 30, 2024

Husqvarna Group Expands its Max Battery Series Product Line with Attachment-Capable Powerhead that Offers More Than Fifteen Tools in One

Husqvarna Group Establishes International Advisory Board of Biodiversity Experts

Husqvarna Group Launches an Innovative Redesign of A Legendary Workhorse

Husqvarna AB (publ) Announces Resignation of Erik Winberg as Executive Vice President Strategy & Innovation, and Member of the Group Management, Effective by December 31, 2023

Husqvarna Launches Pro Insider, an Online Learning Platform That Rewards Its Users

Third quarter 2023 earnings released: EPS: kr0.22 (vs kr0.47 in 3Q 2022)

Husqvarna AB (publ) to Report Fiscal Year 2023 Results on Feb 02, 2024

Upcoming dividend of kr2.00 per share at 3.6% yield

Husqvarna AB (publ), Annual General Meeting, Apr 18, 2024

Husqvarna AB (publ) Announces Change in Employee Representatives to the Board of Directors

Now 21% undervalued

Second quarter 2023 earnings released

Husqvarna Group Appoints Robert Hafredal as New EVP Global Information Services and Group Cio, Effective August 1, 2023

Now 21% undervalued after recent price drop

Husqvarna AB (Publ) Launches 525I Battery Series with Performance Meeting 25Cc Batteries

Husqvarna Group Appoints Pavel Hajman as Group CEO

Husqvarna Announces the Next Level of Tree Care Tools with the Launch of the T540 XP® Mark III and New Line of Arborist Gear

Now 21% undervalued

Upcoming dividend of kr1.00 per share at 3.5% yield

Less than half of directors are independent

Full year 2022 earnings released: EPS: kr3.39 (vs kr7.76 in FY 2021)

Husqvarna Group Announces Its First Range Supporting the Power for All Battery Solution

Husqvarna AB Announces Henric Andersson Will Leave as Board Member

Full year 2022 earnings released: EPS: kr3.39 (vs kr7.76 in FY 2021)

Husqvarna AB Proposes A Dividend for 2022

Investor sentiment improves as stock rises 16%

Husqvarna AB (publ) Announces CEO Changes

Husqvarna Group Announces Management Changes

Now 22% undervalued

Husqvarna AB (publ) Announces Change in Employee Representatives to the Board of Directors of the Company

Husqvarna Group Launches Xcite Zero-Turn Mowers Complete with Industry-First Innovations

Investor sentiment improved over the past week

Husqvarna AB (publ) Announces Resignation of Tina Helmke Hallberg from Board of Directors

Third quarter 2022 earnings released: EPS: kr0.47 (vs kr1.10 in 3Q 2021)

Husqvarna AB (publ) to Report Nine Months, 2023 Results on Oct 20, 2023

Husqvarna Group to Debut Cutting-Edge Product Innovations at Equip Exposition

Husqvarna Launches Virtual Boundary Robotic Lawn Mowing for Private Gardens

Upcoming dividend of kr2.00 per share

Husqvarna AB (publ) Announces Nomination Committee for the 2023 Annual General Meeting

Husqvarna AB Announces Change of Employee Representative in the Board of Directors

Second quarter 2022 earnings released

Husqvarna AB (publ) Provides Sales Guidance for the Second Quarter 2022

Husqvarna AB (publ) Provides Sales Guidance for the Second Quarter 2022

Husqvarna AB (publ) Announces the Resignation of Stefan Ranstrand as Director of the Board of Directors

Husqvarna AB (publ) (OM:HUSQ B) completed the acquisition of Heger GmbH Excellent Diamond Tools.

First quarter 2022 earnings released: EPS: kr2.87 (vs kr2.90 in 1Q 2021)

First quarter 2022 earnings released: EPS: kr2.87 (vs kr2.90 in 1Q 2021)

Husqvarna AB (publ) (OM:HUSQ B) agreed to acquire Heger GmbH Excellent Diamond Tools.

Husqvarna AB (publ) Approves Dividends, Payable on April 14, 2022 and October 14, 2022 Respectively

Upcoming dividend of kr1.00 per share

Husqvarna AB (publ) to Report Fiscal Year 2021 Final Results on Mar 17, 2022

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

Husqvarna Group Announces Chief Financial Officer Changes, Effective March 1, 2022

Husqvarna AB (publ) Proposes Dividend

Husqvarna Group Appoints Terry Burke as Chief Financial Officer

Husqvarna AB (publ) (OM:HUSQ B) acquired additional 33.2% minority stake in Yeti Move As from Semcon AB (publ) (OM:SEMC).

Third quarter 2021 earnings released