DUG Foodtech Management

Management criteria checks 1/4

DUG Foodtech's CEO is Helene Nielsen, appointed in Oct 2023, has a tenure of 1.08 years. total yearly compensation is SEK1.20M, comprised of 23.8% salary and 76.2% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth €3.74K. The average tenure of the management team and the board of directors is 1.3 years and 0.9 years respectively.

Key information

Helene Nielsen

Chief executive officer

SEK 1.2m

Total compensation

CEO salary percentage	23.8%
CEO tenure	1.1yrs
CEO ownership	0.3%
Management average tenure	1.3yrs
Board average tenure	less than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Helene Nielsen's remuneration changed compared to DUG Foodtech's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-SEK 12m
Mar 31 2024	n/a	n/a	-SEK 15m
Dec 31 2023	SEK 1m	SEK 285k	-SEK 21m

Compensation vs Market: Helene's total compensation ($USD108.75K) is below average for companies of similar size in the German market ($USD472.15K).

Compensation vs Earnings: Insufficient data to compare Helene's compensation with company performance.

CEO

Helene Nielsen (59 yo)

1.1yrs

Tenure

SEK 1,196,000

Compensation

Ms. Helene Nielsen is Chief Executive Officer of Dug Foodtech AB (publ) (formerly known as Veg of Lund AB (publ)) from October 05, 2023. She has extensive experience in export and sales from companies such...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Helene Nielsen	Chief Executive Officer	1.1yrs	SEK 1.20m	0.30% € 3.7k
Emil Bendroth	Chief Financial Officer	1.3yrs	no data	no data
Anna Rosengren	Marketing & Communication Manager	1.3yrs	SEK 684.00k	0.31% € 3.7k

1.3yrs

Average Tenure

51yo

Average Age

Experienced Management: VOH's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Rolf Bjerndell	Independent Director	1.9yrs	SEK 75.00k	0.091% € 1.1k
Johan Möllerström	Chairman of the Board	1.4yrs	SEK 288.00k	4.25% € 52.2k
Kaj Soderstrom	Director	less than a year	no data	no data
Markus Dragicevic	Director	less than a year	no data	no data

0.9yrs

Average Tenure

65yo

Average Age

Experienced Board: VOH's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.

DUG Foodtech Management

Management criteria checks 1/4

Key information

Recent management updates

Dug Foodtech AB (publ) Appoints Markus Dragicevic as New Board Member

Less than half of directors are independent

High number of new and inexperienced directors

Veg of Lund AB (publ) Approves Election of Kaj Söderström as Board Member

Veg of Lund AB (publ) Announces Chief Executive Officer Changes

Veg of Lund AB (Publ) Approves Election of Johan Möllerström as Board Member and Chairman

Recent updates

Dug Foodtech AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 28.060122 million.

Dug Foodtech AB (publ) Appoints Markus Dragicevic as New Board Member

Dug Foodtech AB (Publ) Receives Patent Approval in Japan and Australia Protecting the Company's Plant-Based Potato Drink

Less than half of directors are independent

Second quarter 2024 earnings released: kr0.12 loss per share (vs kr0.33 loss in 2Q 2023)

High number of new and inexperienced directors

Veg of Lund AB (publ) Approves Election of Kaj Söderström as Board Member

Veg of Lund AB (publ) Launches DUG Potine Drink in REWE's Online Store with Distributor CENFOOD Gmbh

First quarter 2024 earnings released: kr0.085 loss per share (vs kr0.35 loss in 1Q 2023)

Full year 2023 earnings released: kr0.68 loss per share (vs kr3.41 loss in FY 2022)

Third quarter 2023 earnings released: kr0.25 loss per share (vs kr0.42 loss in 3Q 2022)

Veg of Lund AB (Publ) Appoints for Patent Protection for Its Plant-Based Meat Alternative

Veg of Lund AB (publ) Announces Chief Executive Officer Changes

Second quarter 2023 earnings released: kr0.33 loss per share (vs kr0.87 loss in 2Q 2022)

Veg of Lund AB (publ) Receives Clearance from National Import Authorities for the Start of Dug Potato Drink Sales in the Japanese Market

Veg of Lund AB (Publ) Approves Election of Johan Möllerström as Board Member and Chairman

Veg of Lund Receives Canadian Patent Protecting the Plant-Based Potato Drink

Veg of Lund Launches DUG Mango Smoothie Onto the Swedish Market

Veg of Lund AB (Publ) Appoints Emil Bendroth as CFO

First quarter 2023 earnings released: kr0.35 loss per share (vs kr1.47 loss in 1Q 2022)

Veg of Lund AB (publ) to Report Fiscal Year 2023 Results on Feb 15, 2024

Veg of Lund moves its Headquarters to Lund

Veg of Lund Receives European Patent Protecting the Company's Plant-Based Potato Drink

Veg of Lund AB (Publ) Announces Board Changes

Veg of Lund AB (publ) Appoints Cecilia Strandberg as Interim Chief Financial Officer

Veg of Lund launches DUG Smoothie Onto the Swedish Market

Emma Källqvist Will Leave Her Position as CFO of Veg of Lund

Magnus Nordin Leaves Veg of Lund AB (Publ) Board

Second quarter 2022 earnings released: kr0.87 loss per share (vs kr0.52 loss in 2Q 2021)

Veg of Lund AB (publ) to Report Q1, 2023 Results on May 11, 2023

Veg of Lund AB (Publ) Appoints Fredrik Carling as New CEO, Effective 19 September 2022

Veg of Lund AB (Publ) Announces Resignation of Fred Holmberg as Board of Director

Veg of Lund AB (Publ) Elects Fred Holmberg as Board Members

First quarter 2022 earnings released: kr1.47 loss per share (vs kr0.21 loss in 1Q 2021)

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

Veg of Lund AB (publ) Announces Board Changes

Third quarter 2021 earnings released: kr0.54 loss per share (vs kr0.36 loss in 3Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age