Prosafe Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Terje Askvig

Chief executive officer

US$576.0k

Total compensation

CEO salary percentage	14.9%
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	1.3yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Terje Askvig's remuneration changed compared to Prosafe's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$45m
Jun 30 2024	n/a	n/a	-US$39m
Mar 31 2024	n/a	n/a	-US$55m
Dec 31 2023	US$576k	US$86k	-US$68m

Compensation vs Market: Terje's total compensation ($USD576.00K) is about average for companies of similar size in the German market ($USD477.27K).

Compensation vs Earnings: Insufficient data to compare Terje's compensation with company performance.

CEO

Terje Askvig (60 yo)

less than a year

Tenure

US$576,000

Compensation

Mr. Terje Askvig is Chief Executive Officer of Prosafe SE from November 01, 2023. Mr. Askvig is Senior Industry Expert at Triton. Mr. Askvig focuses on industrials and business services sectors at Triton....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Terje Askvig	Chief Executive Officer	less than a year	US$576.00k	no data
Reese McNeel	Chief Financial Officer	2.3yrs	US$472.00k	no data
Ryan Stewart	Chief Commercial Officer	1.3yrs	US$454.00k	no data
Claudio Pereira	Chief Operating Officer	1.3yrs	no data	no data
Andrew Manson	Chief Technical Officer	1.3yrs	no data	no data
Eirik Fjelde	Chief Information Officer	1.3yrs	no data	no data
Cecilie Ouff	Senior Manager of Finance & Investor Relations	11.4yrs	no data	no data
Dawn Penny	HR & Crewing Director	1.3yrs	no data	no data
Alfredo Passos	Managing Director Brazil	less than a year	no data	no data
Elena Hajiroussou	Secretary	no data	no data	no data

1.3yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 1Q6's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Birgit Aagaard-Svendsen	Independent Non-Executive Director	7.7yrs	US$100.00k	0.000020% € 2.8
Nina Udnes Tronstad	Independent Non-Executive Director	5.5yrs	US$84.00k	0.043% € 5.9k
Glen Rodland	Independent Non-Executive Chairman	8.5yrs	US$112.00k	no data
Gunnar Eliassen	Deputy Chair	less than a year	no data	no data
Halvard Idland	Independent Non-Executive Director	less than a year	US$77.00k	no data

5.5yrs

Average Tenure

60yo

Average Age

Experienced Board: 1Q6's board of directors are considered experienced (5.5 years average tenure).

Prosafe Management

Management criteria checks 2/4

Key information

Recent management updates

Prosafe SE Announces Resignation of Simen Flaaten as Board member

Prosafe Se: Announces Resignation of Alf C. Thorkildsen as Board Member

Prosafe SE Announces Executive Changes

Prosafe Se Approves Board Elections

Prosafe Se Announces Executive Changes

Independent Non-Executive Director recently sold €344k worth of stock

Recent updates

Third quarter 2024 earnings released: US$0.66 loss per share (vs US$0.49 loss in 3Q 2023)

Second quarter 2024 earnings released: US$0.58 loss per share (vs US$2.59 loss in 2Q 2023)

New minor risk - Profitability

First quarter 2024 earnings released: US$0.48 loss per share (vs US$2.47 loss in 1Q 2023)

Full year 2023 earnings released: US$6.00 loss per share (vs US$0.17 profit in FY 2022)

Full year 2023 earnings released: US$6.00 loss per share (vs US$0.17 profit in FY 2022)

New minor risk - Market cap size

Prosafe SE Announces Resignation of Simen Flaaten as Board member

Prosafe SE to Report Q2, 2024 Results on Aug 15, 2024

Third quarter 2023 earnings released: US$0.49 loss per share (vs US$1.13 profit in 3Q 2022)

Prosafe SE to Report Q3, 2023 Results on Oct 25, 2023

Prosafe Se: Announces Resignation of Alf C. Thorkildsen as Board Member

Prosafe SE to Report Q4, 2023 Results on Feb 01, 2024

Second quarter 2023 earnings released: US$2.59 loss per share (vs US$1.20 profit in 2Q 2022)

Prosafe SE Announces Executive Changes

Prosafe Se Approves Board Elections

Prosafe Se Announces Executive Changes

First quarter 2023 earnings released: US$2.47 loss per share (vs US$1.35 loss in 1Q 2022)

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: US$0.17 (vs US$263 in FY 2021)

Prosafe SE to Report Q4, 2022 Results on Feb 28, 2023

Prosafe SE to Report Q1, 2023 Results on May 11, 2023

Independent Non-Executive Director recently sold €344k worth of stock

Independent Non-Executive Director recently sold €344k worth of stock

Third quarter 2022 earnings released

Second quarter 2022 earnings released

Prosafe SE Announces Executive Changes

Prosafe SE ADR – Unsponsored to Be Deleted from Other OTC

Prosafe SE ADR – Unsponsored to Be Deleted from Other OTC

Independent Non-Executive Director recently bought €63k worth of stock

First quarter 2022 earnings released

Prosafe SE Appoints Halvard Idland as New Director

Full year 2021 earnings released

Prosafe SE Announces Resignation of Stig H. Christiansen as CFO

Independent Non-Executive Director recently bought €126k worth of stock

Independent Non-Executive Director recently bought €134k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: US$0.10 loss per share (vs US$0.28 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.13 loss per share (vs US$0.48 loss in 2Q 2020)

First quarter 2021 earnings released: US$1.02 loss per share (vs US$9.72 loss in 1Q 2020)

Gulating Court of Appeal Judgement in the Case Between Prosafe and Westcon Regarding the TSV Safe Scandinavia Conversion

Full year 2020 earnings released: US$10.80 loss per share (vs US$4.55 loss in FY 2019)

Prosafe SE Enters into Contract with CNOOC Petroleum Europe Limited for the Charter of the Safe Boreas to Provide Gangway Connected Operations Supporting the Buzzard Platform Complex in the UK Sector of the North Sea

Full year 2020 earnings released: US$10.80 loss per share (vs US$4.55 loss in FY 2019)

Revenue beats expectations

Prosafe SE and EnQuest Agrees on a Settlement of the Cancelled Contract for the Safe Zephyrus in 2020

New 90-day high: €0.22

Revenue misses expectations

Third quarter 2020 earnings released: US$0.28 loss per share

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age