Grieg Seafood Management

Management criteria checks 3/4

Grieg Seafood's CEO is Andreas Kvame, appointed in Jun 2015, has a tenure of 9.42 years. total yearly compensation is NOK4.46M, comprised of 89.8% salary and 10.2% bonuses, including company stock and options. directly owns 0.04% of the company’s shares, worth €244.96K. The average tenure of the management team and the board of directors is 5.8 years and 0.4 years respectively.

Key information

Andreas Kvame

Chief executive officer

NOK 4.5m

Total compensation

CEO salary percentage	89.8%
CEO tenure	9.4yrs
CEO ownership	0.04%
Management average tenure	5.8yrs
Board average tenure	less than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andreas Kvame's remuneration changed compared to Grieg Seafood's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-NOK 336m
Mar 31 2024	n/a	n/a	-NOK 198m
Dec 31 2023	NOK 4m	NOK 4m	NOK 560m
Sep 30 2023	n/a	n/a	NOK 75m
Jun 30 2023	n/a	n/a	-NOK 353m
Mar 31 2023	n/a	n/a	NOK 889m
Dec 31 2022	NOK 12m	NOK 4m	NOK 1b
Sep 30 2022	n/a	n/a	NOK 1b
Jun 30 2022	n/a	n/a	NOK 2b
Mar 31 2022	n/a	n/a	NOK 1b
Dec 31 2021	NOK 4m	NOK 3m	NOK 604m
Sep 30 2021	n/a	n/a	NOK 345m
Jun 30 2021	n/a	n/a	NOK 143m
Mar 31 2021	n/a	n/a	NOK 36m
Dec 31 2020	n/a	n/a	-NOK 342m
Sep 30 2020	n/a	n/a	NOK 128m
Jun 30 2020	n/a	n/a	-NOK 91m
Mar 31 2020	n/a	n/a	NOK 53m
Dec 31 2019	NOK 7m	NOK 3m	NOK 574m
Sep 30 2019	n/a	n/a	NOK 473m
Jun 30 2019	n/a	n/a	NOK 967m
Mar 31 2019	n/a	n/a	NOK 998m
Dec 31 2018	NOK 6m	NOK 3m	NOK 973m
Sep 30 2018	n/a	n/a	NOK 820m
Jun 30 2018	n/a	n/a	NOK 782m
Mar 31 2018	n/a	n/a	NOK 860m
Dec 31 2017	NOK 7m	NOK 2m	NOK 571m

Compensation vs Market: Andreas's total compensation ($USD401.63K) is below average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Andreas's compensation has been consistent with company performance over the past year.

CEO

Andreas Kvame (62 yo)

9.4yrs

Tenure

NOK 4,457,000

Compensation

Mr. Andreas Kvame has been Chief Executive Officer at Grieg Seafood ASA since June 1, 2015. Mr. Kvame served as Managing Director for Scanbio AS and knows the salmon farming industry very well after 17 yea...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andreas Kvame	Chief Executive Officer	9.4yrs	NOK 4.46m	0.040% € 249.3k
Atle Sandtorv	Chief Financial Officer	14.9yrs	NOK 3.02m	0.025% € 157.4k
Knut Utheim	Chief Technology Officer	4.5yrs	NOK 2.41m	0.023% € 143.9k
Kristina Furnes	Chief Communications Officer	5.8yrs	NOK 1.46m	0.0046% € 29.0k
Kathleen Mathisen	Chief Human Resources Officer	8.5yrs	NOK 1.99m	0.014% € 88.9k
Alexander Knudsen	Chief Operating Officer of Farming Norway	4.5yrs	NOK 2.60m	0.022% € 136.4k
Grant Cumming	Chief Operating Officer of Farming Canada	1.8yrs	NOK 2.60m	0.0088% € 55.4k
Nina Stangeland	Chief Strategy Officer	1.8yrs	NOK 568.00k	no data
Tor Homme	Chief Sustainability Officer	no data	no data	no data
Trond Kathenes	Chief Digital Officer	13.8yrs	no data	no data

5.8yrs

Average Tenure

53yo

Average Age

Experienced Management: GR8's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Per Grieg	Chairman of the Board	15.5yrs	NOK 542.00k	0.013% € 84.3k
Marit Solberg	Director	less than a year	no data	no data
Nicolai Grieg	Director	3yrs	NOK 314.00k	2.2% € 13.8m
Paal Johnsen	Director	less than a year	no data	no data
Silje Remoy	Director	less than a year	no data	no data

0.4yrs

Average Tenure

Experienced Board: GR8's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.

Grieg Seafood Management

Management criteria checks 3/4

Key information

Recent management updates

Grieg Seafood ASA, Annual General Meeting, Jun 04, 2025

Less than half of directors are independent

Grieg Seafood ASA Announces Board Appointments and Composition of Nomination Committee

Insider recently bought €24k worth of stock

Insider recently bought €24k worth of stock

High number of new and inexperienced directors

Recent updates

Grieg Seafood ASA, Annual General Meeting, Jun 04, 2025

Grieg Seafood ASA to Report Q2, 2025 Results on Aug 26, 2025

New minor risk - Share price stability

Second quarter 2024 earnings released: kr6.20 loss per share (vs kr5.00 loss in 2Q 2023)

Grieg Seafood ASA Provides Operating Guidance for the Third Quarter and Full Year of 2024

Less than half of directors are independent

Grieg Seafood ASA Announces Board Appointments and Composition of Nomination Committee

Upcoming dividend of kr1.75 per share

First quarter 2024 earnings released: kr2.90 loss per share (vs kr3.80 profit in 1Q 2023)

Grieg Seafood ASA Provides Production Guidance for the Second Quarter and Full Year 2024

Dividend of kr1.75 announced

Full year 2023 earnings released: EPS: kr5.00 (vs kr10.27 in FY 2022)

Grieg Seafood ASA Proposes Cash Dividend, Payable on June 27, 2024

Grieg Seafood ASA Proposes Cash Dividend, Payable on June 27, 2024

Full year 2023 earnings released: EPS: kr2.30 (vs kr10.27 in FY 2022)

Now 22% undervalued after recent price drop

New major risk - Financial position

Grieg Seafood ASA to Report Q3, 2024 Results on Nov 07, 2024

New major risk - Dividend sustainability

Second quarter 2023 earnings released: kr5.00 loss per share (vs kr6.00 profit in 2Q 2022)

Grieg Seafood ASA Provides Production Guidance for the Third Quarter and Revises Production Guidance for the Full Year 2023

Grieg Seafood ASA Approves Dividend, Payable on 6 July 2023

Upcoming dividend of kr4.50 per share at 5.9% yield

First quarter 2023 earnings released

Grieg Seafood Asa Provides Production Guidance for the Second Quarter and Full Year 2023

Grieg Seafood ASA Proposes Dividend, Payable on 6 July 2023

Full year 2022 earnings released: EPS: kr10.20 (vs kr5.38 in FY 2021)

Grieg Seafood ASA Provides Production Guidance for the First Quarter and Full Year 2023

Now 25% undervalued

Grieg Seafood ASA to Report Q3, 2023 Results on Nov 14, 2023

Third quarter 2022 earnings released: kr2.50 loss per share (vs kr1.31 profit in 3Q 2021)

Third quarter 2022 earnings released: kr2.50 loss per share (vs kr1.31 profit in 3Q 2021)

Grieg Seafood ASA Provides Operating Guidance for the Fourth Quarter and Full Year of 2022 and for the Year 2023

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: kr6.00 (vs kr0.85 in 2Q 2021)

Grieg Seafood ASA to Report Q4, 2022 Results on Feb 16, 2023

Upcoming dividend of kr3.00 per share

Grieg Seafood ASA Announces Industry Settlement in US Civil Anti-Trust Litigation

Grieg Seafood ASA Proposes Dividend, Payable on 17 June 2022

First quarter 2022 earnings released: EPS: kr6.16 (vs kr0.90 in 1Q 2021)

Full year 2021 earnings released: EPS: kr5.38 (vs kr3.06 loss in FY 2020)

Grieg Seafood ASA Announces Dividend, Payable on June 17, 2022

Insider recently bought €24k worth of stock

Insider recently bought €24k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Grieg Seafood ASA Announces Production Guidance for the First Quarter of 2022

Scottish Sea Farms Ltd. completed the acquisition of Grieg Seafood Hjaltland UK Limited from Grieg Seafood ASA (OB:GSF).

High number of new and inexperienced directors

Third quarter 2021 earnings released: EPS kr1.32 (vs kr1.06 loss in 3Q 2020)

Director Sirine Fodstad has left the company

Second quarter 2021 earnings released: EPS kr0.85 (vs kr0.48 loss in 2Q 2020)

Scottish Sea Farms Ltd. entered into a share purchase agreement to acquire Grieg Seafood Hjaltland UK Limited from Grieg Seafood ASA (OB:GSF) for approximately £160 million.

First quarter 2021 earnings released: EPS kr0.93 (vs kr4.33 loss in 1Q 2020)

Grieg Seafood ASA Provides Operating Guidance for the Second Quarter of 2021

New 90-day high: €8.14

Insider recently bought €29k worth of stock

Full year 2020 earnings released: kr2.32 loss per share (vs kr5.61 profit in FY 2019)

Grieg Seafood ASA to Report Fiscal Year 2020 Results on Mar 26, 2021

Grieg Seafood ASA Enters Joint Venture for Post-Smolt and Land-Based Salmon Farming

Grieg Seafood ASA, Annual General Meeting, Jun 02, 2021

Grieg Seafood ASA to Report Q3, 2021 Results on Nov 03, 2021

Grieg Seafood Asa Announces Guidance for Third Quarter 2020

Grieg Seafood ASA Decides to Discontinue its Operations on the Isle of Skye in Scotland

New 90-day low - €8.20

Earnings released

Grieg Seafood ASA (OB:GSF) completed the acquisition of 99% stake in Grieg Newfoundland AS from Ocean Choice International Inc., Kvasshøgdi AS, Grieg Kapital AS and Knut Skeidsvoll.

CEO Compensation Analysis

CEO

Tenure