Orkla Management
Management criteria checks 3/4
Orkla's CEO is Nils Selte, appointed in Apr 2022, has a tenure of 2.08 years. total yearly compensation is NOK25.47M, comprised of 46.3% salary and 53.7% bonuses, including company stock and options. directly owns 0.019% of the company’s shares, worth €1.28M. The average tenure of the management team and the board of directors is 4.3 years and 7.1 years respectively.
Key information
Nils Selte
Chief executive officer
kr25.5m
Total compensation
CEO salary percentage | 46.3% |
CEO tenure | 2.1yrs |
CEO ownership | 0.02% |
Management average tenure | 4.3yrs |
Board average tenure | 7.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Mar 31 2024 | n/a | n/a | kr5b |
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 ($USD2.34M) is about average for companies of similar size in the German market ($USD3.29M).
Compensation vs Earnings: Nils's compensation has increased by more than 20% in the past year.
CEO
Nils Selte (58 yo)
2.1yrs
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 |
---|---|---|---|---|
President & CEO | 2.1yrs | kr25.47m | 0.019% NOK 1.3m | |
Executive VP of Finance & CFO | 4.2yrs | kr7.67m | 0.00083% NOK 56.5k | |
Executive Vice President of Legal & Compliance | 4.3yrs | kr6.19m | 0.00073% NOK 49.7k | |
Executive Vice President of Communication & Corporate Affairs | no data | kr6.47m | 0.011% NOK 760.0k | |
Executive VP of Human Resources & Head of Corporate Functions | 9.4yrs | kr7.61m | 0.0017% NOK 117.7k | |
Exec. VP of Orkla’s Branded Consumer Goods Business | 12.3yrs | kr14.14m | 0.0029% NOK 199.4k | |
Executive VP of Investments | 8.7yrs | kr8.07m | 0.00075% NOK 51.0k | |
Executive VP of Investments | 1.8yrs | kr7.02m | 0.00074% NOK 50.4k | |
Executive Vice President of Investments | 1.5yrs | kr6.63m | 0.0025% NOK 172.8k | |
Executive Vice President of Investments | 1.4yrs | kr12.40m | 0.0025% NOK 167.4k | |
Head of Share Portfolio & Investment Director | 17.8yrs | no data | no data | |
Senior Vice President of Corporate Accounting | no data | no data | no data |
4.3yrs
Average Tenure
58yo
Average Age
Experienced Management: OKL0's management team is considered experienced (4.3 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Independent Director | 2.1yrs | kr770.00k | 0.0020% NOK 136.1k | |
Employee Representative Director | 8.1yrs | kr1.12m | 0.0011% NOK 78.2k | |
Independent Director | 7.1yrs | kr797.00k | 0.0016% NOK 106.8k | |
Employee Representative Director | 12.3yrs | kr1.38m | 0.0011% NOK 76.2k | |
Chairman of the Board | 20.3yrs | kr1.09m | 0.00016% NOK 10.9k | |
Independent Director | 6.1yrs | kr840.00k | 0.0020% NOK 136.1k | |
Employee Representative Director | 12.3yrs | kr1.37m | 0.0027% NOK 181.7k | |
Employee Representative Director | 8.1yrs | kr962.00k | 0.00024% NOK 16.3k | |
Member of the Board | 1.3yrs | no data | no data | |
Independent Director | 4.1yrs | kr610.00k | 0.00093% NOK 63.3k | |
Business Advisor to President and CEO | no data | no data | no data | |
Chairman of Orkla Foods Europe | less than a year | no data | no data |
7.1yrs
Average Tenure
58.5yo
Average Age
Experienced Board: OKL0's board of directors are considered experienced (7.1 years average tenure).