Norsk Hydro Management

Management criteria checks 3/4

Norsk Hydro's CEO is Hilde Aasheim, appointed in Nov 2008, has a tenure of 15.42 years. total yearly compensation is NOK15.31M, comprised of 53.8% salary and 46.2% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth €967.86K. The average tenure of the management team and the board of directors is 5.3 years and 1.9 years respectively.

Key information

Hilde Aasheim

Chief executive officer

kr15.3m

Total compensation

CEO salary percentage	53.8%
CEO tenure	15.4yrs
CEO ownership	0.008%
Management average tenure	5.3yrs
Board average tenure	1.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hilde Aasheim's remuneration changed compared to Norsk Hydro's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr3b
Dec 31 2023	kr15m	kr8m	kr4b
Sep 30 2023	n/a	n/a	kr6b
Jun 30 2023	n/a	n/a	kr14b
Mar 31 2023	n/a	n/a	kr20b
Dec 31 2022	kr16m	kr7m	kr24b
Sep 30 2022	n/a	n/a	kr31b
Jun 30 2022	n/a	n/a	kr25b
Mar 31 2022	n/a	n/a	kr16b
Dec 31 2021	kr12m	kr7m	kr12b
Sep 30 2021	n/a	n/a	kr12b
Jun 30 2021	n/a	n/a	kr11b
Mar 31 2021	n/a	n/a	kr7b
Dec 31 2020	kr9m	kr7m	kr4b
Sep 30 2020	n/a	n/a	-kr3b
Jun 30 2020	n/a	n/a	-kr5b
Mar 31 2020	n/a	n/a	-kr3b
Dec 31 2019	kr1m	kr6m	-kr2b
Sep 30 2019	n/a	n/a	-kr2b
Jun 30 2019	n/a	n/a	-kr19m
Mar 31 2019	n/a	n/a	kr2b
Dec 31 2018	kr7m	kr4m	kr4b
Sep 30 2018	n/a	n/a	kr8b
Jun 30 2018	n/a	n/a	kr10b
Mar 31 2018	n/a	n/a	kr9b
Dec 31 2017	kr8m	kr3m	kr9b

Compensation vs Market: Hilde's total compensation ($USD1.39M) is below average for companies of similar size in the German market ($USD5.66M).

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

CEO

Hilde Aasheim (65 yo)

15.4yrs

Tenure

kr15,306,000

Compensation

Mrs. Hilde Merete Aasheim serves as President and Chief Executive Officer of Norsk Hydro ASA since May 8, 2019 and as its Member of Corporate Management Board since November 2008. Mrs. Aasheim served as an...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hilde Aasheim	President	15.4yrs	kr15.31m	0.0081% NOK 967.9k
Trond Christophersen	Executive VP for Crpt. Development	1.4yrs	kr6.43m	0.00076% NOK 90.4k
Arvid Moss	Executive VP of Energy & Member of Corporate Management Board	15.7yrs	kr7.70m	0.0097% NOK 1.2m
Eivind Kallevik	Executive VP of Aluminium Metal & Member of Corporate Management Board	11.2yrs	kr9.78m	0.0049% NOK 580.2k
Anne-Lene Midseim	Executive VP of Compliance	9.3yrs	kr6.98m	0.0026% NOK 305.6k
John Thuestad	Executive VP of Bauxite & Alumina and Member of Corporate Management Board	5.8yrs	kr14.42m	0.0047% NOK 554.1k
Hilde Nordh	Executive VP of People & HSE and Member of Corporate Management Board	5.3yrs	kr5.54m	0.0022% NOK 261.6k
Paul Warton	Executive VP of Hydro Extruded Solutions & Member of Corporate Management Board	3.2yrs	kr16.17m	0.0018% NOK 215.2k
Therese Holm	Executive VP for Communication & Public Affairs and Member of Corporate Management Board	2.9yrs	kr4.28m	0.00044% NOK 52.3k
Pal Kildemo	Executive Officer	less than a year	kr7.45m	0.0012% NOK 145.1k
Peik Norenberg	Head of Corporate Finance	no data	no data	no data
Martine Hagen	Head of Investor Relations	less than a year	no data	no data

5.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: NOHA's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dag Mejdell	Independent Chairperson	11.9yrs	kr934.00k	0.0022% NOK 266.3k
Peter Gerald Kukielski	Independent Director	4.9yrs	kr633.00k	0.00055% NOK 65.4k
Rune Bjerke	Independent Deputy Chair	3.8yrs	kr560.00k	0.0011% NOK 127.2k
Marianne Wiinholt	Independent Director	7.9yrs	kr797.00k	no data
Petra Einarsson	Independent Director	1.9yrs	kr780.00k	no data
Bjorn Moxnes	Employee Representative Director	1.9yrs	kr554.00k	0.000020% NOK 2.4k
Arve Baade	Employee Representative Director	5.5yrs	kr503.00k	0.00031% NOK 36.9k
Kristin Kragseth	Independent Director	1.9yrs	kr503.00k	0.000030% NOK 3.6k
Philip New	Independent Director	1.9yrs	kr711.00k	0.000040% NOK 4.8k
Margunn Sundve	Employee Representative Director	1.9yrs	kr403.00k	0.000030% NOK 3.6k
Torleif Sand	Employee Representative Director	1.9yrs	kr403.00k	0% NOK 0

1.9yrs

Average Tenure

58yo

Average Age

Experienced Board: NOHA's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Norsk Hydro Management

Management criteria checks 3/4

Key information

Recent management updates

Norsk Hydro ASA Announces CEO Changes

Norsk Hydro ASA Announces Appointment of Trond Olaf Christophersen as CFO

Norsk Hydro ASA Announces CFO Changes

Norsk Hydro ASA Announces Resignation of Pål Kildemo as CFO

Norsk Hydro ASA Announces Leaving of Pål Kildemo as Executive Vice President

Norsk Hydro ASA Announces Executive Changes

Recent updates

VE Invest UAB agreed to acquire Fabrication Plant in Kaunas, Lithuania from Norsk Hydro ASA (OB:NHY).

Norsk Hydro ASA Announces CEO Changes

Norsk Hydro ASA Announces Appointment of Trond Olaf Christophersen as CFO

Norsk Hydro ASA Announces CFO Changes

Norsk Hydro ASA Announces Resignation of Pål Kildemo as CFO

Norsk Hydro ASA Announces Leaving of Pål Kildemo as Executive Vice President

Norsk Hydro ASA Proposes Dividend for the Financial Year 2023, Payable on 21 May 2024

Macquarie Asset Management agreed to acquire a 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY) for approximately $330 million.

Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.91% of its issued share capital, for NOK 2,000 million, under the authorization approved on May 10, 2023.

Norsk Hydro ASA to Report Q3, 2024 Results on Oct 24, 2024

Norsk Hydro ASA Approves Dividend for the Financial Year 2022, Payable on 23 May 2023

Norsk Hydro ASA Proposes Dividend for the Financial Year 2022, Payable on 23 May 2023

Norsk Hydro ASA (OB:NHY) signed an agreement to acquire Hueck Industrie Holding KG for an enterprise value of €60.3 million.

Norsk Hydro ASA (OB:NHY) announces an Equity Buyback for NOK 2,000 million worth of its shares, under the authorization approved on September 20, 2022.

Norsk Hydro ASA Announces Executive Changes

Norsk Hydro ASA Approves Additional Dividend, Payable on September 30, 2022

Norsk Hydro ASA (OB:NHY) and Altor Fund V AB completed the acquisition of Altor Equity Partners AB entered into an agreement to acquire 60% from Elkem ASA (OB:ELK).

Norsk Hydro ASA to Report First Half, 2023 Results on Jul 21, 2023

Norsk Hydro ASA Proposes Additional Cash Dividend on Basis of Financial Statements for the Financial Year 2021, Payable on 30 September 2022

Norsk Hydro ASA Announces Slovalco Will Stop Primary Aluminium Production

Norsk Hydro ASA Announces Resignation of Helena Nonka as Executive Vice President, Corporate Development

Norsk Hydro ASA Approves Dividend, Payable on May 20, 2022

Norsk Hydro ASA Announces Special Dividend, Payable on May 11, 2022

Norsk Hydro ASA Provides Update on Power Failure at Albras Causes Shutdown of 25% of Capacity

Power Failure at Albras Causes Shutdown of 25% of Capacity of Norsk Hydro

Norsk Hydro ASA to Discontinue the Corporate Assembly

AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4) completed the acquisition of Hydro Precision Tubing Lichtervelde from Norsk Hydro ASA (OB:NHY).

KPS Capital Partners, LP completed the acquisition of HARP GmbH and HARP AS from Norsk Hydro ASA.

Norsk Hydro ASA Announces Management Changes

Norsk Hydro ASA Proposes Dividend for the Fiscal Year 2020 to Be Paid in May 2021

KPS Capital Partners, LP entered into a definitive agreement to acquire HARP GmbH and HARP AS from Norsk Hydro ASA for €1.4 billion.

Norsk Hydro Appoints Helena Nonka EVP Corporate Development

Panasonic, Equinor and Hydro to Explore Potential for European Battery Business

Norsk Hydro Resumes Bauxite Pipeline Operation in Brazil

Norsk Hydro Announces Management Changes

Rupert Fertinger GmbH signed a term sheet to acquire Hydro Extruded Solutions operations in Remscheid, Germany from Norsk Hydro ASA (OB:NHY).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age