NIBE Industrier AB (publ)

DB:NJB Stock Report

Market Cap: €8.6b

NIBE Industrier Management

Management criteria checks 3/4

NIBE Industrier's CEO is Gerteric Lindquist, appointed in Jan 1989, has a tenure of 35.67 years. total yearly compensation is SEK9.97M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 4.6% of the company’s shares, worth €396.90M. The average tenure of the management team and the board of directors is 12.8 years and 2.3 years respectively.

Key information

Gerteric Lindquist

Chief executive officer

SEK 10.0m

Total compensation

CEO salary percentage100.0%
CEO tenure35.7yrs
CEO ownership4.6%
Management average tenure12.8yrs
Board average tenure2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gerteric Lindquist's remuneration changed compared to NIBE Industrier's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

SEK 2b

Mar 31 2024n/an/a

SEK 3b

Dec 31 2023SEK 10mSEK 10m

SEK 5b

Sep 30 2023n/an/a

SEK 5b

Jun 30 2023n/an/a

SEK 5b

Mar 31 2023n/an/a

SEK 5b

Dec 31 2022SEK 9mSEK 9m

SEK 4b

Sep 30 2022n/an/a

SEK 4b

Jun 30 2022n/an/a

SEK 4b

Mar 31 2022n/an/a

SEK 3b

Dec 31 2021SEK 8mSEK 8m

SEK 3b

Sep 30 2021n/an/a

SEK 4b

Jun 30 2021n/an/a

SEK 3b

Mar 31 2021n/an/a

SEK 3b

Dec 31 2020SEK 8mSEK 8m

SEK 3b

Sep 30 2020n/an/a

SEK 2b

Jun 30 2020n/an/a

SEK 2b

Mar 31 2020n/an/a

SEK 2b

Dec 31 2019SEK 7mSEK 7m

SEK 2b

Sep 30 2019n/an/a

SEK 2b

Jun 30 2019n/an/a

SEK 2b

Mar 31 2019n/an/a

SEK 2b

Dec 31 2018SEK 6mSEK 6m

SEK 2b

Sep 30 2018n/an/a

SEK 2b

Jun 30 2018n/an/a

SEK 2b

Mar 31 2018n/an/a

SEK 2b

Dec 31 2017SEK 5mSEK 5m

SEK 2b

Compensation vs Market: Gerteric's total compensation ($USD979.19K) is below average for companies of similar size in the German market ($USD5.50M).

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

CEO

Gerteric Lindquist (73 yo)

35.7yrs

Tenure

SEK 9,966,000

Compensation

Mr. Gerteric Lindquist serves as the Chief Executive Officer since 1989 and Managing Director of NIBE Industrier AB (publ) and served as its President. Mr. Lindquist also serves as the Chief Executive Offi...

Leadership Team

NamePositionTenureCompensationOwnership
Gerteric Lindquist
CEO, MD & Director35.7yrsSEK 9.97m4.6%
SEK 396.9m
Hans Backman
Chief Financial Officer12.8yrsno data0.013%
SEK 1.1m
Fredrik Erlandsson
Head of Corporate Communications & Investor Relationsless than a yearno datano data
Niklas Gunnarsson
Head of Business Area - NIBE Stovesno datano data0.097%
SEK 8.4m
Christer Fredriksson
Head of Business Area - NIBE Elementno datano data0.91%
SEK 78.6m
Kenneth Magnusson
Chief Sustainability Officerno datano datano data

12.8yrs

Average Tenure

59yo

Average Age

Experienced Management: NJB's management team is seasoned and experienced (12.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Gerteric Lindquist
CEO, MD & Director35.7yrsSEK 9.97m4.6%
SEK 396.9m
Anders Palsson
Independent Director14.3yrsSEK 500.00k0.0045%
SEK 391.1k
Hans Linnarson
Independent Chairman18.7yrsSEK 1.00m0.00047%
SEK 40.6k
Eva Karlsson
Independent Director2.3yrsSEK 500.00k0.00040%
SEK 34.5k
James Ahrgren
Independent Directorless than a yearno datano data
Camilla Ekdahl
Independent Directorless than a yearno datano data
Eva Thunholm
Independent Director2.3yrsSEK 500.00kno data
James Ahgren
Directorless than a yearno datano data

2.3yrs

Average Tenure

58yo

Average Age

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