North Energy ASA

DB:RN2 Stock Report

Market Cap: €28.5m

North Energy Management

Management criteria checks 3/4

North Energy's CEO is Rachid Bendriss, appointed in Jan 2022, has a tenure of 2.83 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 €3.04M. The average tenure of the management team and the board of directors is 2.8 years and 10.8 years respectively.

Key information

Rachid Bendriss

Chief executive officer

NOK 4.4m

Total compensation

CEO salary percentage94.4%
CEO tenure2.8yrs
CEO ownership10.7%
Management average tenure2.8yrs
Board average tenure10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rachid Bendriss's remuneration changed compared to North Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 27m

Jun 30 2024n/an/a

-NOK 11m

Mar 31 2024n/an/a

NOK 31m

Dec 31 2023NOK 4mNOK 4m

NOK 25m

Sep 30 2023n/an/a

NOK 21m

Jun 30 2023n/an/a

NOK 23m

Mar 31 2023n/an/a

NOK 7m

Dec 31 2022NOK 3mNOK 3m

-NOK 13m

Compensation vs Market: Rachid's total compensation ($USD399.75K) is about average for companies of similar size in the German market ($USD471.14K).

Compensation vs Earnings: Rachid's compensation has increased by more than 20% in the past year.

CEO

Rachid Bendriss (55 yo)

2.8yrs

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

NamePositionTenureCompensationOwnership
Rachid Bendriss
Co-Chief Executive Officer2.8yrsNOK 4.43m10.7%
€ 3.0m
Didrik Leikvang
Co-Chief Executive Officer2.8yrsNOK 4.43m0.57%
€ 163.1k
Rune Damm
Chief Financial Officer9.8yrsNOK 2.04mno data

2.8yrs

Average Tenure

Experienced Management: RN2's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anders Onarheim
Chairman of the Board10.8yrsNOK 550.00k21.72%
€ 6.2m
Jogeir Romestrand
Independent Director10.8yrsNOK 275.00k1.23%
€ 349.5k
Elin Karfjell
Independent Director10.6yrsNOK 275.00k0.35%
€ 99.0k

10.8yrs

Average Tenure

63yo

Average Age

Experienced Board: RN2's board of directors are seasoned and experienced ( 10.8 years average tenure).