North Energy Management
Management criteria checks 3/4
North Energy's CEO is Rachid Bendriss, appointed in Jan 2022, has a tenure of 2.92 years. total yearly compensation is NOK4.43M, comprised of 94.4% salary and 5.6% bonuses, including company stock and options. directly owns 10.7% of the company’s shares, worth €2.60M. The average tenure of the management team and the board of directors is 2.9 years and 10.8 years respectively.
Key information
Rachid Bendriss
Chief executive officer
NOK 4.4m
Total compensation
| CEO salary percentage | 94.4% |
| CEO tenure | 2.9yrs |
| CEO ownership | 10.7% |
| Management average tenure | 2.9yrs |
| Board average tenure | 10.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | NOK 27m |
| Jun 30 2024 | n/a | n/a | -NOK 11m |
| Mar 31 2024 | n/a | n/a | NOK 31m |
| Dec 31 2023 | NOK 4m | NOK 4m | NOK 25m |
| Sep 30 2023 | n/a | n/a | NOK 21m |
| Jun 30 2023 | n/a | n/a | NOK 23m |
| Mar 31 2023 | n/a | n/a | NOK 7m |
| Dec 31 2022 | NOK 3m | NOK 3m | -NOK 13m |
Compensation vs Market: Rachid's total compensation ($USD389.11K) is about average for companies of similar size in the German market ($USD468.18K).
Compensation vs Earnings: Rachid's compensation has increased by more than 20% in the past year.
CEO
Rachid Bendriss (55 yo)
2.9yrs
Tenure
NOK 4,428,000
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 | 2.9yrs | NOK 4.43m | 10.7% € 2.6m | |
| Co-Chief Executive Officer | 2.9yrs | NOK 4.43m | 0.57% € 139.1k | |
| Chief Financial Officer | 9.9yrs | NOK 2.04m | no data |
2.9yrs
Average Tenure
Experienced Management: RN2's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 10.8yrs | NOK 550.00k | 21.72% € 5.3m | |
| Independent Director | 10.8yrs | NOK 275.00k | 1.61% € 390.6k | |
| Independent Director | 10.7yrs | NOK 275.00k | 0.35% € 84.4k |
10.8yrs
Average Tenure
63yo
Average Age
Experienced Board: RN2's board of directors are seasoned and experienced ( 10.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 20:34 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
North Energy ASA is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christian Yggeseth | Arctic Securities ASA |
| Kjetil Bakken | Carnegie Investment Bank AB |
| Helge Martinsen | DNB Markets |