Norske Skog Management
Management criteria checks 1/4
Norske Skog's CEO is Geir Drangsland, appointed in Sep 2023, has a tenure of less than a year. total yearly compensation is NOK3.05M, comprised of 60.7% salary and 39.3% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth €1.00M. The average tenure of the management team and the board of directors is 0.6 years and 1.4 years respectively.
Key information
Geir Drangsland
Chief executive officer
kr3.1m
Total compensation
CEO salary percentage | 60.7% |
CEO tenure | less than a year |
CEO ownership | 0.3% |
Management average tenure | less than a year |
Board average tenure | 1.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Mar 31 2024 | n/a | n/a | kr334m |
Dec 31 2023 | kr3m | kr2m | kr481m |
Compensation vs Market: Geir's total compensation ($USD286.04K) is below average for companies of similar size in the German market ($USD1.06M).
Compensation vs Earnings: Insufficient data to compare Geir's compensation with company performance.
CEO
Geir Drangsland (62 yo)
less than a year
Tenure
kr3,053,000
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 |
---|---|---|---|---|
Chief Executive Officer | less than a year | kr3.05m | 0.32% NOK 1.0m | |
Senior Vice President of Commercial | 6.3yrs | kr5.65m | 0.0062% NOK 19.4k | |
Chief Financial Officer | less than a year | no data | no data | |
Vice President of Corporate Finance | less than a year | no data | no data | |
Senior VP & General Counsel | less than a year | no data | no data | |
Vice President of Corporate Communication & Public Affairs | no data | no data | no data | |
Managing Director of Golbey | no data | no data | no data | |
Head of Sustainability | 2.4yrs | no data | no data |
0.6yrs
Average Tenure
53yo
Average Age
Experienced Management: 0BQ's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Director | less than a year | no data | no data | |
Independent Director | 4.7yrs | kr383.00k | no data | |
Independent Chair of the Board | 5.7yrs | kr570.00k | 0.049% NOK 153.7k | |
Independent Director | 1.2yrs | no data | no data | |
Director | less than a year | no data | no data | |
Board Observer | 2.4yrs | no data | no data | |
Board Observer | 1.4yrs | no data | no data |
1.4yrs
Average Tenure
51yo
Average Age
Experienced Board: 0BQ's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.