Orkla Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Nils Selte

Chief executive officer

kr25.5m

Total compensation

CEO salary percentage	46.3%
CEO tenure	2yrs
CEO ownership	0.02%
Management average tenure	4.2yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nils Selte's remuneration changed compared to Orkla's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr25m	kr12m	kr5b
Sep 30 2023	n/a	n/a	kr5b
Jun 30 2023	n/a	n/a	kr5b
Mar 31 2023	n/a	n/a	kr5b
Dec 31 2022	kr10m	kr8m	kr5b
Sep 30 2022	n/a	n/a	kr5b
Jun 30 2022	n/a	n/a	kr5b
Mar 31 2022	n/a	n/a	kr5b
Dec 31 2021	kr747k	n/a	kr5b
Sep 30 2021	n/a	n/a	kr5b
Jun 30 2021	n/a	n/a	kr5b
Mar 31 2021	n/a	n/a	kr5b
Dec 31 2020	kr718k	n/a	kr4b
Sep 30 2020	n/a	n/a	kr5b
Jun 30 2020	n/a	n/a	kr4b
Mar 31 2020	n/a	n/a	kr4b
Dec 31 2019	kr829k	n/a	kr4b
Sep 30 2019	n/a	n/a	kr3b
Jun 30 2019	n/a	n/a	kr3b
Mar 31 2019	n/a	n/a	kr3b
Jan 01 2019	n/a	n/a	kr3b
Sep 30 2018	n/a	n/a	kr4b
Jun 30 2018	n/a	n/a	kr3b
Mar 31 2018	n/a	n/a	kr3b
Dec 31 2017	kr647k	n/a	kr4b

Compensation vs Market: Nils's total compensation ($USD2.31M) is below average for companies of similar size in the German market ($USD3.42M).

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

CEO

Nils Selte (58 yo)

2yrs

Tenure

kr25,472,000

Compensation

Mr. Nils Kloumann Selte has been President and Chief Executive Officer of Orkla ASA since 11 April 2022 and served as its Director. He is Director at Jotun A/S. He served as Chairman at Komplett ASA since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nils Selte	President & CEO	2yrs	kr25.47m	0.019% NOK 1.2m
Harald Ullevoldsæter	Executive VP of Finance & CFO	4.1yrs	kr7.67m	0.00083% NOK 52.3k
Camilla Robstad	Executive Vice President of Legal & Compliance	4.3yrs	kr6.19m	0.00073% NOK 46.0k
Håkon Mageli	Executive Vice President of Communication & Corporate Affairs	no data	kr6.47m	0.011% NOK 704.0k
Christer Gronberg	Executive VP of Human Resources & Head of Corporate Functions	9.3yrs	kr7.61m	0.0017% NOK 109.0k
Atle Nagel-Johansen	Exec. VP of Orkla’s Branded Consumer Goods Business	12.3yrs	kr14.14m	0.0029% NOK 184.7k
Hege Brekke	Executive VP of Investments	8.6yrs	kr8.07m	0.00075% NOK 47.3k
Maria Syse-Nybraaten	Executive VP of Investments	1.7yrs	kr7.02m	0.00074% NOK 46.6k
Audun Stensvold	Executive Vice President of Investments	1.4yrs	kr6.63m	0.0025% NOK 160.1k
Oyvind Torpp	Executive Vice President of Investments	1.3yrs	kr12.40m	0.0025% NOK 155.0k
Thomas Oybo	Head of Share Portfolio & Investment Director	17.7yrs	no data	no data
Frode Kronstad	Senior Vice President of Corporate Accounting	no data	no data	no data

4.2yrs

Average Tenure

58yo

Average Age

Experienced Management: OKL's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christina Fagerberg	Independent Director	2yrs	kr770.00k	0.0020% NOK 126.0k
Roger Vangen	Employee Representative Director	8yrs	kr1.12m	0.0011% NOK 72.5k
Liselott Kilaas	Independent Director	7yrs	kr797.00k	0.0016% NOK 98.9k
Terje Utstrand	Employee Representative Director	12.3yrs	kr1.38m	0.0011% NOK 70.6k
Stein Hagen	Chairman of the Board	20.3yrs	kr1.09m	0.00016% NOK 10.1k
Peter Agnefjall	Independent Director	6yrs	kr840.00k	0.0020% NOK 126.0k
Sverre Josvanger	Employee Representative Director	12.3yrs	kr1.37m	0.0027% NOK 168.3k
Karin Hansson	Employee Representative Director	8yrs	kr962.00k	0.00024% NOK 15.1k
Caroline Marie Kjos	Member of the Board	1.3yrs	no data	no data
Anna Mossberg	Independent Director	4yrs	kr610.00k	0.00093% NOK 58.6k
Marte Sølvsberg	Business Advisor to President and CEO	no data	no data	no data
Xavier Belison	Chairman of Orkla Foods Europe	less than a year	no data	no data

7.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: OKL's board of directors are considered experienced (7 years average tenure).

Orkla Management

Management criteria checks 3/4

Key information

Recent management updates

Orkla ASA Approves Bengt Arve Rem as Board Member

Orkla ASA Announces CFO Changes

Less than half of directors are independent

Orkla ASA Announces Board Appointments of Orkla Foods Europe

President & CEO recently bought €190k worth of stock

Less than half of directors are independent

Recent updates

Orkla ASA Approves Bengt Arve Rem as Board Member

Orkla ASA Approves Extraordinary Dividend

Upcoming dividend of kr6.00 per share

Full year 2023 earnings released: EPS: kr5.21 (vs kr5.04 in FY 2022)

Orkla ASA Proposes Dividend for the Year 2023, Payable on 3 May 2024

Orkla ASA Announces CFO Changes

Orkla ASA Proposes Dividend for 2023

Third quarter 2023 earnings released: EPS: kr1.56 (vs kr1.51 in 3Q 2022)

Investment funds affiliated with Rhône Group L.L.C. agreed to acquire 40% stake in Orkla Food Ingredients AS from Orkla ASA (OB:ORK) for an enterprise value of NOK 15.5 billion.

Orkla ASA to Report Q3, 2024 Results on Oct 29, 2024

New minor risk - Financial position

Second quarter 2023 earnings released: EPS: kr1.38 (vs kr1.28 in 2Q 2022)

Less than half of directors are independent

First quarter 2023 earnings released: EPS: kr1.28 (vs kr1.09 in 1Q 2022)

Orkla ASA Announces Board Appointments of Orkla Foods Europe

Now 23% undervalued after recent price drop

Upcoming dividend of kr3.00 per share at 3.9% yield

Full year 2022 earnings released: EPS: kr5.04 (vs kr4.82 in FY 2021)

Full year 2022 earnings released: EPS: kr5.04 (vs kr4.82 in FY 2021)

President & CEO recently bought €190k worth of stock

Less than half of directors are independent

Orkla ASA to Report Fiscal Year 2022 Final Results on Mar 23, 2023

Orkla ASA to Report Q3, 2023 Results on Oct 26, 2023

Orkla ASA (OB:ORK) agreed to acquire 74% stake in Da Grasso Sp. z o.o. from Karolina Rozwandowicz and Magdalena Piróg.

Orkla Announces Executive Changes at Orkla Consumer & Financial Investments Business Area

Second quarter 2022 earnings released: EPS: kr1.28 (vs kr1.04 in 2Q 2021)

Less than half of directors are independent

Orkla Asa Announces Board Changes

Orkla Asa Names Nils K. Selte as CEO

Orkla ASA Announces Management Changes to Orkla Consumer & Financial Investments

Orkla ASA Provides Earnings Guidance for the Year 2021 and 2022

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

President recently bought €55k worth of stock

Third quarter 2021 earnings released: EPS kr1.31 (vs kr1.36 in 3Q 2020)

Orkla ASA (OB:ORK) completed the acquisition of a 75% stake in New York Pizza for an enterprise value of approximately €150 million.

Insider recently bought €58k worth of stock

Second quarter 2021 earnings released: EPS kr1.04 (vs kr0.95 in 2Q 2020)

Orkla ASA (OB:ORK) completed the acquisition of remaining 80% stake in Nói Síríus HF from Finnur Geirsson and several private investors.

Member of the Board recently bought €508k worth of stock

Orkla ASA (OB:ORK) agreed to acquire remaining 80% stake in Nói Síríus HF.

Upcoming dividend of kr2.75 per share

Full year 2020 earnings released: EPS kr4.37 (vs kr3.84 in FY 2019)

Orkla ASA Proposes Cash Dividend for 2020, Payable on April 26, 2021

Orkla ASA (OB:ORK) entered into an agreement to acquire a 80% stake in Seagood Oy.

Full year 2020 earnings released: EPS kr4.37 (vs kr3.84 in FY 2019)

Chairman of the Board recently bought €2.3m worth of stock

Revenue misses expectations

New 90-day low: €7.85

Orkla ASA Announces Executive Changes

Bielenda Kosmetyki Naturalne Sp Z O O Spolka Komandytowa completed the acquisition of Skin Care Business in Poland from Orkla ASA (OB:ORK).

New 90-day low: €7.91

New 90-day low: €7.94

New 90-day low: €7.98

Bielenda Kosmetyki Naturalne Sp Z O O Spolka Komandytowa agreed to acquire Skin Care Business in Poland from Orkla ASA (OB:ORK).

Three Foreign Buyers Continue Race for Fortenova Frozen Food Units

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

New 90-day low: €7.99

New 90-day high: €8.74

Orkla ASA to Report Fiscal Year 2020 Final Results on Mar 19, 2021

Orkla ASA to Report Q1, 2021 Results on Apr 29, 2021

Orkla ASA (OB:ORK) completed the acquisition of 20% stake in Nói Síríus HF.

Orkla ASA (OB:ORK) acquired Norgesplaster AS from family.

Orkla ASA Decides to Wind-Up Its Swedish Business

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team