Norske Skog Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Geir Drangsland

Chief executive officer

NOK 3.1m

Total compensation

CEO salary percentage	60.7%
CEO tenure	1.2yrs
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Geir Drangsland's remuneration changed compared to Norske Skog's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 246m
Jun 30 2024	n/a	n/a	NOK 533m
Mar 31 2024	n/a	n/a	NOK 334m
Dec 31 2023	NOK 3m	NOK 2m	NOK 481m

Compensation vs Market: Geir's total compensation ($USD275.62K) is below average for companies of similar size in the German market ($USD846.96K).

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

CEO

Geir Drangsland (62 yo)

1.2yrs

Tenure

NOK 3,053,000

Compensation

Mr. Geir Olav Drangsland serves as Chief Executive Officer at Norske Skog ASA since September 01, 2023. He was Chairperson at Norske Skog ASA since March 9, 2023 until September 01, 2023. He served as the...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Geir Drangsland	Chief Executive Officer	1.2yrs	NOK 3.05m	no data
Robert Wood	Senior Vice President of Commercial	6.8yrs	NOK 5.65m	0.0062% € 11.0k
Tord Torvund	Chief Financial Officer	less than a year	no data	0.013% € 22.9k
Even Lund	Vice President of Corporate Finance	less than a year	no data	no data
Einar Blaauw	Senior VP & General Counsel	less than a year	no data	no data
Carsten Dybevig	Vice President of Corporate Communication & Public Affairs	no data	no data	no data
Yves Bailly	Managing Director of Golbey	no data	no data	no data
Mari Mogen	Head of Sustainability	2.8yrs	no data	no data

1.0yrs

Average Tenure

53yo

Average Age

Experienced Management: 0BQ's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Tone Wille	Director	less than a year	no data	no data
Trine-Marie Hagen	Independent Director	5.1yrs	NOK 383.00k	no data
Arvid Grundekjon	Independent Chair of the Board	6.1yrs	NOK 570.00k	0.049% € 86.7k
Christoffer Bull	Independent Director	1.6yrs	no data	no data
Terje Sagbakken	Director	less than a year	no data	no data
Tore Oestensvig	Board Observer	2.8yrs	no data	no data
Asbjorn Dypdahl	Board Observer	1.8yrs	no data	no data

1.8yrs

Average Tenure

51yo

Average Age

Experienced Board: 0BQ's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Norske Skog Management

Management criteria checks 1/4

Key information

Recent management updates

Norske Skog ASA, Annual General Meeting, Apr 16, 2026

Chief Financial Officer recently bought €19k worth of stock

High number of new and inexperienced directors

Norske Skog ASA Announces Chief Financial Officer Changes

Norske Skog ASA Announces Chief Financial Officer Changes

Norske Skog ASA, Annual General Meeting, Apr 11, 2024

Recent updates

Investor sentiment deteriorates as stock falls 20%

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 16%

New major risk - Financial position

Third quarter 2024 earnings released: kr1.80 loss per share (vs kr1.45 profit in 3Q 2023)

Norske Skog ASA, Annual General Meeting, Apr 16, 2026

Now 22% overvalued

Chief Financial Officer recently bought €19k worth of stock

Second quarter 2024 earnings released: EPS: kr2.89 (vs kr0.48 in 2Q 2023)

High number of new and inexperienced directors

Full year 2023 earnings released: EPS: kr5.27 (vs kr27.28 in FY 2022)

Full year 2023 earnings released: EPS: kr5.63 (vs kr27.28 in FY 2022)

Norske Skog ASA Announces Chief Financial Officer Changes

Norske Skog ASA Announces Chief Financial Officer Changes

Norske Skog ASA, Annual General Meeting, Apr 11, 2024

Norske Skog ASA Announces Dividend, Payable on or About 28 November 2023

Third quarter 2023 earnings released: EPS: kr1.45 (vs kr0.12 loss in 3Q 2022)

Oji Fibre Solutions (NZ) Limited acquired Tasman mill industrial site and remaining mill assets from Norske Skog ASA (OB:NSKOG).

Norske Skog ASA Announces Chief Executive Officer Changes

Norske Skog ASA Announces Chief Executive Officer Changes

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: kr0.48 (vs kr9.92 in 2Q 2022)

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings released: kr1.91 loss per share (vs kr6.18 profit in 1Q 2022)

Independent Director recently bought €53k worth of stock

Norske Skog ASA Proposes Dividend

Norske Skog ASA to Report Fiscal Year 2022 Results on Mar 30, 2023

Norske Skog ASA to Report Q3, 2023 Results on Oct 20, 2023

Less than half of directors are independent

Third quarter 2022 earnings released: kr0.12 loss per share (vs kr6.38 loss in 3Q 2021)

Investor sentiment improved over the past week

Byggma ASA (OB:BMA) acquired a 7.68% stake in Norske Skog ASA (OB:NSKOG).

Second quarter 2022 earnings released: EPS: kr9.92 (vs kr3.77 loss in 2Q 2021)

First quarter 2022 earnings released: EPS: kr6.18 (vs kr2.05 in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: kr3.90 loss per share (vs kr22.84 loss in FY 2020)

Chairperson of the Board recently bought €138k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Chairperson of the Board recently bought €182k worth of stock

Third quarter 2021 earnings released

Second quarter 2021 earnings released: kr3.77 loss per share (vs kr0.62 loss in 2Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age