AB SKF Management
Management criteria checks 4/4
AB SKF's CEO is Gusta Gustafson, appointed in Jun 2021, has a tenure of 3.42 years. total yearly compensation is SEK35.09M, comprised of 45% salary and 55% bonuses, including company stock and options. directly owns 0.002% of the company’s shares, worth €178.68K. The average tenure of the management team and the board of directors is 2.3 years and 4.3 years respectively.
Key information
Gusta Gustafson
Chief executive officer
SEK 35.1m
Total compensation
| CEO salary percentage | 45.0% |
| CEO tenure | 3yrs |
| CEO ownership | 0.002% |
| Management average tenure | 2.3yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | SEK 6b |
| Dec 31 2023 | SEK 35m | SEK 16m | SEK 6b |
| Sep 30 2023 | n/a | n/a | SEK 7b |
| Jun 30 2023 | n/a | n/a | SEK 6b |
| Mar 31 2023 | n/a | n/a | SEK 5b |
| Dec 31 2022 | SEK 31m | SEK 15m | SEK 4b |
| Sep 30 2022 | n/a | n/a | SEK 5b |
| Jun 30 2022 | n/a | n/a | SEK 6b |
| Mar 31 2022 | n/a | n/a | SEK 8b |
| Dec 31 2021 | SEK 24m | SEK 9m | SEK 7b |
Compensation vs Market: Gusta's total compensation ($USD3.32M) is about average for companies of similar size in the German market ($USD3.35M).
Compensation vs Earnings: Gusta's compensation has been consistent with company performance over the past year.
CEO
Gusta Gustafson (60 yo)
3yrs
Tenure
SEK 35,088,008
Compensation
Mr. Rickard Gustafson, also known as Gusta, serves as President, Chief Executive Officer of AB SKF (publ) since June 01, 2021 and serves as its Director since 2021. He served as Chief Executive Officer and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3yrs | SEK 35.09m | 0.0021% SEK 178.7k | |
| Senior VP of Group Finance & CFO | 5yrs | SEK 5.81m | 0.0026% SEK 216.8k | |
| Chief Sustainability Officer & Senior VP of Group Operations | 2.3yrs | no data | 0.00090% SEK 76.2k | |
| CTO & Senior VP of Technology Development | 1.7yrs | no data | 0.000010% SEK 846.8 | |
| Head of Investor Relations | less than a year | no data | no data | |
| General Counsel and Senior VP of Group Legal & Compliance | 3.8yrs | no data | 0.00057% SEK 48.3k | |
| Senior Vice President of Group People Experience & Communication | no data | no data | 0.0014% SEK 119.4k | |
| Advisor | 2.3yrs | no data | 0% SEK 0 | |
| President of Independent & Emerging Business | 5.4yrs | no data | 0.00094% SEK 79.6k | |
| President of Industrial Region Americas & MD of SKF India Limited | less than a year | no data | 0.00046% SEK 39.0k | |
| President of Industrial Region Europe Middle East & Africa | no data | no data | 0.00047% SEK 39.8k | |
| Head of EHS and net-zero - China & North East Asia | 1.7yrs | no data | no data |
2.3yrs
Average Tenure
55yo
Average Age
Experienced Management: SKFB's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.4yrs | SEK 35.09m | 0.0021% SEK 178.7k | |
| Independent Chairman | 6.3yrs | SEK 3.00m | 0.016% SEK 1.4m | |
| Director | 1.3yrs | SEK 1.07m | 0.0011% SEK 93.2k | |
| Independent Director | 10.3yrs | SEK 985.00k | no data | |
| Independent Director | 5.3yrs | SEK 1.20m | 0.00033% SEK 27.9k | |
| Vice Chair | 4.3yrs | SEK 1.91m | 0.0011% SEK 93.2k | |
| Employee Representative Director | 9.4yrs | no data | no data | |
| Independent Director | 4.3yrs | SEK 985.00k | 0.00022% SEK 18.6k | |
| Employee Representative Director | 8.5yrs | no data | no data | |
| Independent Director | 1.3yrs | SEK 1.12m | no data | |
| Independent Director | 1.3yrs | SEK 1.07m | no data | |
| Independent Director | 1.3yrs | SEK 850.00k | no data |
4.3yrs
Average Tenure
52.5yo
Average Age
Experienced Board: SKFB's board of directors are considered experienced (4.3 years average tenure).