Aker BP Management
Management criteria checks 2/4
Aker BP's CEO is Karl Hersvik, appointed in May 2014, has a tenure of 9.67 years. total yearly compensation is $4.38M, comprised of 22.1% salary and 77.9% bonuses, including company stock and options. directly owns 0% of the company’s shares, worth €53.27K. The average tenure of the management team and the board of directors is 1.4 years and 4.6 years respectively.
Key information
Karl Hersvik
Chief executive officer
US$4.4m
Total compensation
| CEO salary percentage | 22.1% |
| CEO tenure | 9.7yrs |
| CEO ownership | 0.0003% |
| Management average tenure | 1.4yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$4m | US$967k | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$2m | US$929k | US$828m |
| Sep 30 2021 | n/a | n/a | US$616m |
| Jun 30 2021 | n/a | n/a | US$491m |
| Mar 31 2021 | n/a | n/a | US$506m |
| Dec 31 2020 | US$2m | US$830k | US$45m |
| Sep 30 2020 | n/a | n/a | US$27m |
| Jun 30 2020 | n/a | n/a | -US$97m |
| Mar 31 2020 | n/a | n/a | -US$204m |
| Dec 31 2019 | US$1m | US$826k | US$141m |
| Sep 30 2019 | n/a | n/a | US$92m |
| Jun 30 2019 | n/a | n/a | US$252m |
| Mar 31 2019 | n/a | n/a | US$318m |
| Dec 31 2018 | US$2m | US$783k | US$476m |
| Sep 30 2018 | n/a | n/a | US$447m |
| Jun 30 2018 | n/a | n/a | US$443m |
| Mar 31 2018 | n/a | n/a | US$374m |
| Dec 31 2017 | US$2m | US$721k | US$275m |
Compensation vs Market: Karl's total compensation ($USD4.38M) is about average for companies of similar size in the German market ($USD3.88M).
Compensation vs Earnings: Karl's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Karl Hersvik (51 yo)
9.7yrs
Tenure
US$4,379,000
Compensation
Mr. Karl Johnny Hersvik serves as Chairman of the Board at Aker Clean Hydrogen AS. He has been the Chief Executive Officer of Aker BP ASA since May 1, 2014. Mr. Hersvik served as a Senior Vice President at...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 9.7yrs | US$4.38m | 0.00034% $ 53.3k | |
| Chief Financial Officer | 4.9yrs | US$1.22m | 0.0038% $ 596.9k | |
| Chief Operating Officer | 1.3yrs | US$1.31m | 0.00088% $ 137.9k | |
| Senior Vice President of People and Safety | 1.3yrs | US$925.00k | 0.0012% $ 183.3k | |
| Senior Vice President of Drilling & Wells | 8yrs | US$1.18m | 0.00055% $ 86.2k | |
| Senior Vice President of Valhall | 1.3yrs | US$2.17m | 0.0029% $ 451.2k | |
| Senior Vice President of Projects | 4.5yrs | US$1.19m | 0.00095% $ 148.8k | |
| Senior Vice President of Alvheim | 1.3yrs | US$1.16m | 0.0012% $ 184.9k | |
| Senior Vice President- NOAKA | 3.3yrs | US$1.15m | 0.0017% $ 266.3k | |
| Chief Digital Officer | 1.5yrs | US$519.00k | 0.000050% $ 7.8k | |
| Senior Vice President of Ula | 1.3yrs | US$1.19m | 0.00073% $ 114.4k | |
| Senior Vice President of Edvard Grieg and Ivar Aasen | 1.3yrs | US$418.00k | 0.000070% $ 11.0k |
1.4yrs
Average Tenure
51yo
Average Age
Experienced Management: ARC1's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Shareholder-elected Member | 1.6yrs | US$21.00k | 0.14% $ 21.2m | |
| Director | 10.8yrs | US$42.00k | no data | |
| Chairman of the Board | 7.8yrs | US$96.00k | no data | |
| Independent Director | 7.8yrs | US$68.00k | no data | |
| Independent Deputy Chair of the Board | 10.8yrs | US$69.00k | 0.0019% $ 300.8k | |
| Shareholder-elected Member | 1.8yrs | US$28.00k | no data | |
| Director | 3.8yrs | no data | no data | |
| Director | 7.3yrs | no data | no data | |
| Employee Representative Director | 5.4yrs | US$20.00k | 0.00020% $ 31.3k | |
| Employee Representative Director | 2.5yrs | US$20.00k | 0.00089% $ 139.4k | |
| Employee Representative Director | less than a year | US$3.00k | 0.000070% $ 11.0k | |
| Employee Representative Director | less than a year | no data | no data |
4.6yrs
Average Tenure
61yo
Average Age
Experienced Board: ARC1's board of directors are considered experienced (4.6 years average tenure).