North Energy Management
Management criteria checks 4/4
North Energy's CEO is Rachid Bendriss, appointed in Jan 2022, has a tenure of 2.25 years. total yearly compensation is NOK4.43M, comprised of 94.4% salary and 5.6% bonuses, including company stock and options. directly owns 10.64% of the company’s shares, worth €2.48M. The average tenure of the management team and the board of directors is 2.3 years and 10.2 years respectively.
Key information
Rachid Bendriss
Chief executive officer
kr4.4m
Total compensation
| CEO salary percentage | 94.4% |
| CEO tenure | 2.3yrs |
| CEO ownership | 10.6% |
| Management average tenure | 2.3yrs |
| Board average tenure | 10.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | kr4m | kr4m | kr25m |
| Sep 30 2023 | n/a | n/a | kr21m |
| Jun 30 2023 | n/a | n/a | kr23m |
| Mar 31 2023 | n/a | n/a | kr7m |
| Dec 31 2022 | kr3m | kr3m | -kr13m |
Compensation vs Market: Rachid's total compensation ($USD402.91K) is about average for companies of similar size in the German market ($USD401.52K).
Compensation vs Earnings: Rachid's compensation has been consistent with company performance over the past year.
CEO
Rachid Bendriss (54 yo)
2.3yrs
Tenure
kr4,428,000
Compensation
Mr. Rachid Bendriss serves as Chairperson of Reach Subsea ASA since May 26, 2020. He has been Co-Chief Executive Officer at North Energy ASA since January 1, 2022. Mr. Bendriss was an advisor to the Board...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Chief Executive Officer | 2.3yrs | kr4.43m | 10.64% NOK 2.5m | |
| Co-Chief Executive Officer | 2.3yrs | kr4.43m | 0.24% NOK 56.6k | |
| Chief Financial Officer | 9.3yrs | kr2.04m | no data |
2.3yrs
Average Tenure
Experienced Management: RN2's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 10.2yrs | kr550.00k | 40.98% NOK 9.5m | |
| Independent Director | 10.2yrs | kr275.00k | 1.23% NOK 286.0k | |
| Independent Director | 10yrs | kr275.00k | 0.35% NOK 81.0k |
10.2yrs
Average Tenure
62yo
Average Age
Experienced Board: RN2's board of directors are seasoned and experienced ( 10.2 years average tenure).