Elopak Management

Management criteria checks 3/4

Elopak's CEO is Thomas Kormendi, appointed in Apr 2018, has a tenure of 6.08 years. total yearly compensation is €786.64K, comprised of 62.9% salary and 37.1% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth €1.06M. The average tenure of the management team and the board of directors is 5 years and 3 years respectively.

Key information

Thomas Kormendi

Chief executive officer

€786.6k

Total compensation

CEO salary percentage62.9%
CEO tenure6.1yrs
CEO ownership0.1%
Management average tenure5yrs
Board average tenure3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Thomas Kormendi's remuneration changed compared to Elopak's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

€68m

Sep 30 2023n/an/a

€66m

Jun 30 2023n/an/a

€60m

Mar 31 2023n/an/a

€52m

Dec 31 2022€787k€495k

€34m

Sep 30 2022n/an/a

€23m

Jun 30 2022n/an/a

€19m

Mar 31 2022n/an/a

€17m

Dec 31 2021n/an/a

€30m

Sep 30 2021n/an/a

€36m

Jun 30 2021n/an/a

€40m

Mar 31 2021n/an/a

€43m

Dec 31 2020€594k€434k

€48m

Compensation vs Market: Thomas's total compensation ($USD851.25K) is about average for companies of similar size in the German market ($USD1.09M).

Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.


CEO

Thomas Kormendi (60 yo)

6.1yrs

Tenure

€786,636

Compensation

Mr. Thomas Ralph Kormendi is an Independent Director at Nordic Paper Holding AB (publ) since May 24, 2023. He serves as Chief Executive Officer of Elopak ASA since April 03, 2018 and has been its President...


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Kormendi
President & CEO6.1yrs€786.64k0.13%
€ 1.1m
Bent Axelsen
Chief Financial Officer5.3yrs€419.74k0.071%
€ 564.1k
Wolfgang Buchkremer
Chief Technical Officer6.3yrs€364.16k0.025%
€ 200.7k
Nete Bechmann
Chief Human Resources Officer4.3yrs€394.72k0.0089%
€ 70.9k
Ivar Jevne
Executive Vice President of Packaging & Procurementno data€417.97k0.085%
€ 669.6k
Stephen Naumann
Executive Vice President of Region Europe North & CIS17.3yrs€713.69k0.083%
€ 653.6k
Finn Tørjesen
Executive Vice President of Region Europe South & New Markets5yrs€381.62k0.026%
€ 203.7k
Lionel Ettedgui
Executive Vice President of North America4.7yrs€870.04k0.029%
€ 230.0k
Anette Ellingsen
Senior Food Microbiologist & Employee Representative Directorno data€14.85k0.00040%
€ 3.2k
Dag Gronevik
Executive Vice President of Equipment & Service2.2yrs€260.12k0.0090%
€ 71.0k
Mirza Koristovic
Head of Investor Relationsno datano datano data
Thea Bristol
Chief Marketing & Communications Officerless than a yearno datano data

5.0yrs

Average Tenure

Experienced Management: 9J7's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anette Ellingsen
Senior Food Microbiologist & Employee Representative Director3yrs€14.85k0.00040%
€ 3.2k
Dag Mejdell
Independent Chairpersonless than a yearno datano data
Anna Belfrage
Independent Director3.1yrs€48.00kno data
Sanna Suvanto-Harsaae
Independent Director3.1yrs€43.00k0.0053%
€ 42.1k
Trond Solberg
Independent Director16.3yrsno datano data
Manuel Pascual
Directorno datano datano data
Marianne Ribe
Directorno datano datano data
Sid Johari
Independent Director7.3yrs€40.00k0.0066%
€ 52.6k
Marianne Groven
Deputy Employee-elected Board Member2.9yrs€742.00no data
Connie Kormeseth
Deputy Employee Representative Director3.3yrsno datano data
Havard Urhamar
Employee Representative Directorless than a yearno datano data
Anniken Fougner
Board Observerno datano datano data

3.0yrs

Average Tenure

57yo

Average Age

Experienced Board: 9J7's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.


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