Quantafuel Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Terje Eiken

Chief executive officer

NOK 3.2m

Total compensation

CEO salary percentage	68.3%
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	less than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Terje Eiken's remuneration changed compared to Quantafuel's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-NOK 419m
Jun 30 2023	n/a	n/a	-NOK 382m
Mar 31 2023	n/a	n/a	-NOK 352m
Dec 31 2022	NOK 3m	NOK 2m	-NOK 384m
Sep 30 2022	n/a	n/a	-NOK 302m
Jun 30 2022	n/a	n/a	-NOK 249m
Mar 31 2022	n/a	n/a	-NOK 188m
Dec 31 2021	NOK 3m	NOK 2m	-NOK 4m
Sep 30 2021	n/a	n/a	NOK 55m
Jun 30 2021	n/a	n/a	-NOK 269m
Mar 31 2021	n/a	n/a	-NOK 370m
Dec 31 2020	NOK 1m	NOK 651k	-NOK 497m

Compensation vs Market: Terje's total compensation ($USD300.56K) is below average for companies of similar size in the German market ($USD625.94K).

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

CEO

Terje Eiken

less than a year

Tenure

NOK 3,177,000

Compensation

Mr. Terje U. Eiken was Interim Chief Executive Officer at Quantafuel ASA until 2021. He served as Chief Operating Officer of Quantafuel ASA since September 2020 until May 2023 and serves as its Chief Execu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Terje Eiken	Chief Executive Officer	less than a year	NOK 3.18m	no data
Christian Lach	Deputy CEO & Chief Commercial Officer	3yrs	NOK 4.16m	no data
Jens Broby	Chief Financial Officer	less than a year	NOK 1.52m	no data
Winifred Patricia Johansen	Senior Vice President of Commercial	no data	NOK 2.12m	no data
Thomas Steenbuch Tharaldsen	Senior Vice President of Strategy & Sustainability	no data	NOK 1.38m	no data
Jorgen Faerevaag	Chief Project Development Officer	no data	NOK 1.25m	no data

0.8yrs

Average Tenure

Experienced Management: 49Q's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Kevin Bradshaw	Chairman of the Board	less than a year	no data	no data
Omar Khan	Director	less than a year	no data	no data
Anette Lero	Employee Representative Director	1.3yrs	no data	no data
Rene Ortiz	Director	less than a year	no data	no data

0.7yrs

Average Tenure

Experienced Board: 49Q's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.

Quantafuel Management

Management criteria checks 2/4

Key information

Recent management updates

No independent directors

No independent directors

Quantafuel AS Announces CFO Changes

No independent directors

Quantafuel as Elects Omar Shafi Khan as Board Member

Less than half of directors are independent

Recent updates

Quantafuel AS to Report Q3, 2024 Results on Nov 15, 2024

No independent directors

Third quarter 2023 earnings released: kr0.70 loss per share (vs kr0.50 loss in 3Q 2022)

No independent directors

Second quarter 2023 earnings released: kr0.60 loss per share (vs kr0.40 loss in 2Q 2022)

Quantafuel AS (OB:QFUEL) acquired 50% stake in Polynate AS.

Quantafuel AS Announces CFO Changes

No independent directors

Quantafuel as Elects Omar Shafi Khan as Board Member

Less than half of directors are independent

Quantafuel ASA Announces Christian Bekkevold Nilsen to Step Down At the End of November as CFO

First quarter 2023 earnings released: kr0.20 loss per share (vs kr0.50 loss in 1Q 2022)

Full year 2022 earnings released: kr1.90 loss per share (vs kr0.028 loss in FY 2021)

Forecast to breakeven in 2025

Quantafuel ASA to Report Q1, 2023 Results on May 15, 2023

Third quarter 2022 earnings released

Less than half of directors are independent

Quantafuel ASA Announces Changes to the Board of Directors

Less than half of directors are independent

Quantafuel Announces the Appointment of Christian Bekkevold Nilsen as the Company's New Chief Financial Officer

Second quarter 2022 earnings released: kr0.40 loss per share (vs kr0.07 loss in 2Q 2021)

Less than half of directors are independent

Less than half of directors are independent

Quantafuel ASA Closed Down All Production for the Time Being

Investor sentiment deteriorated over the past week

Quantafuel ASA Reports That Two Out of the Four Lines At Its Skive Plant Have Produced At A Load and Performance Level Qualifying for Proof-Of-Concept

Investor sentiment deteriorated over the past week

Quantafuel ASA (OB:QFUEL) reached an agreement to acquire Quantafuel Uk Ltd/Quantafuel Sunderland Limited/Quantafuel Cheshire Limited for NOK 51.5 million.

Quantafuel ASA's Skive Completes Commissioning and Started Production

Third quarter 2021 earnings released: kr0.20 loss per share (vs kr2.57 loss in 3Q 2020)

Forecast to breakeven in 2021

Less than half of directors are independent

Forecast to breakeven in 2021

Forecast to breakeven in 2022

Forecast to breakeven in 2022

Forecast to breakeven in 2022

Deputy Chair of the Board recently bought €70k worth of stock

Forecast breakeven moved forward to 2021

Quantafuel ASA Receives Environmental Certificate and Sends First Commercial Products to BASF

Quantafuel ASA Hires Christian Lach as New Deputy CEO and Chief Commercial Officer

Full year 2020 earnings released: kr3.68 loss per share (vs kr1.58 loss in FY 2019)

Revenue misses expectations

Quantafuel ASA to Start Operation of Its Pilot Plant for Testing of New Reactor Design in Kristiansund

Quantafuel ASA (OB:QFUEL) reached an agreement to acquire 40% in Geminor AS from Kjetil Vikingstad and Ralf Schöpwinkel for approximately NOK 170 million.

New 90-day high: €6.31

Revenue beats expectations

Quantafuel AS (OB:QFUEL-ME) acquired 49% stake in Replast AS.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure