Eidesvik Offshore ASA

MUN:E1V Stock Report

Market Cap: €84.7m

Eidesvik Offshore Management

Management criteria checks 2/4

Eidesvik Offshore's CEO is Helga Cotgrove, appointed in Sep 2024, has a tenure of less than a year. total yearly compensation is NOK2.78M, comprised of 67% salary and 33% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth €6.73K. The average tenure of the management team and the board of directors is 2.3 years and 2 years respectively.

Key information

Helga Cotgrove

Chief executive officer

NOK 2.8m

Total compensation

CEO salary percentage67.0%
CEO tenureless than a year
CEO ownership0.008%
Management average tenure2.3yrs
Board average tenure2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Helga Cotgrove's remuneration changed compared to Eidesvik Offshore's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 157m

Jun 30 2024n/an/a

NOK 169m

Mar 31 2024n/an/a

NOK 548m

Dec 31 2023NOK 3mNOK 2m

NOK 515m

Sep 30 2023n/an/a

NOK 687m

Jun 30 2023n/an/a

NOK 819m

Mar 31 2023n/an/a

NOK 335m

Dec 31 2022NOK 786kNOK 519k

NOK 346m

Compensation vs Market: Helga's total compensation ($USD250.45K) is below average for companies of similar size in the German market ($USD471.55K).

Compensation vs Earnings: Helga's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Helga Cotgrove

less than a year

Tenure

NOK 2,782,000

Compensation

Ms. Helga Cotgrove served as Chief Financial Officer at Eidesvik Offshore ASA since October 01, 2022 until September 18, 2024 and serves as its Interim Chief Executive Officer from September 18, 2024. She...

Leadership Team

NamePositionTenureCompensationOwnership
Helga Cotgrove
Interim Chief Executive Officerless than a yearNOK 2.78m0.0080%
€ 6.7k
Arve Nilsen
Chief Operating Officer2.6yrsNOK 2.34mno data
Petter Lonning
Chief Engineerno dataNOK 38.00kno data
Lars Engelsen
Interim Chief Financial Officer2.3yrsno datano data
Sverre Horgen
Chief Technology Officerno datano datano data
Erling Lodden
Vice President of Human Recourcesno dataNOK 1.64mno data

2.3yrs

Average Tenure

Experienced Management: E1V's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Arne Austreid
Independent Chairman3.5yrsNOK 555.00kno data
Annicken Kildahl
Independent Directorno datano datano data
Bjorg Eknes
Independent Director3.5yrsNOK 318.00k0.034%
€ 29.0k
Lauritz Eidesvik
Deputy Chairman of the Board6.5yrsNOK 285.00k0.00027%
€ 228.6
Borre Lindanger
Employee Representative Directorless than a yearNOK 113.00kno data
Tore Hettervik
Substitute Employee Representative Directorless than a yearNOK 74.00kno data
Kjetil Eidesvik
Directorless than a yearno datano data

2.0yrs

Average Tenure

56yo

Average Age

Experienced Board: E1V's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.