BICO Group Management

Management criteria checks 2/4

BICO Group's CEO is Maria Forss, appointed in Nov 2023, has a tenure of less than a year. total yearly compensation is SEK7.43M, comprised of 6.5% salary and 93.5% bonuses, including company stock and options. directly owns 0.057% of the company’s shares, worth €160.28K. The average tenure of the management team and the board of directors is 1.3 years and 3.6 years respectively.

Key information

Maria Forss

Chief executive officer

kr7.4m

Total compensation

CEO salary percentage	6.5%
CEO tenure	less than a year
CEO ownership	0.06%
Management average tenure	1.3yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Maria Forss's remuneration changed compared to BICO Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-kr2b
Dec 31 2023	kr7m	kr484k	-kr2b

Compensation vs Market: Maria's total compensation ($USD704.88K) is below average for companies of similar size in the German market ($USD1.06M).

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

CEO

Maria Forss (51 yo)

less than a year

Tenure

kr7,425,520

Compensation

Ms. Maria Forss serves as President & CEO of BICO Group AB (publ) since November 20, 2023. She served as Senior Vice President of Consumables at Vitrolife AB (publ) since January 01, 2022 until August 2023...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Maria Forss	President & CEO	less than a year	kr7.43m	0.057% SEK 160.3k
Jacob Thordenberg	Group Chief Financial Officer	1.3yrs	no data	0.026% SEK 73.7k
Marius Balger	Chief Operating Officer	1.2yrs	no data	no data
Asa Hillsten	Senior VP & Head of Investor Relations	no data	no data	no data
Lotta Bus	SVP, General Counsel	4.3yrs	no data	0.0099% SEK 28.0k
Artur Aira	Head of Corporate Development and M&A	1.2yrs	kr150.00k	0% SEK 0
Catharina Nordlund	Global Head of Human Resources	less than a year	no data	no data
Itedale Redwan	Chief Scientific Officer - Bioprinting	no data	no data	no data
Niclas Emanuelsson	Head of Global Operations	4.3yrs	no data	no data
Holger Eickhoff	Senior VP & Business Area Director - Bioautomation	2.3yrs	no data	no data
Erica Bell	Senior VP & Chief People Officer	no data	no data	no data
Nicolas Gabriel-Robez	Chief Security Officer	no data	no data	no data

1.3yrs

Average Tenure

51yo

Average Age

Experienced Management: 49Z'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 Classon	Independent Chairman of the Board	2.1yrs	kr650.00k	0.044% SEK 124.0k
Christian Wildmoser	Independent Director	4.4yrs	kr285.00k	0.45% SEK 1.3m
Robert Langer	Member of Scientific Advisory Board	3.5yrs	no data	no data
Helena Skantorp	Independent Director	4.4yrs	kr350.00k	0.0057% SEK 16.0k
Ulrika Dellby	Independent Deputy Chairwoman	2.1yrs	kr510.00k	0.027% SEK 76.0k
Bengt Sjoholm	Independent Director	8.3yrs	kr285.00k	0.49% SEK 1.4m
Susan Tousi	Independent Director	2.5yrs	kr250.00k	no data
Ali Khademhosseini	Member of Scientific Advisory Board	7.2yrs	no data	no data
Ido Amit	Member of Scientific Advisory Board	3.8yrs	no data	no data
Alexandra Gatzemeyer	Director	no data	no data	no data

3.6yrs

Average Tenure

68yo

Average Age

Experienced Board: 49Z's board of directors are considered experienced (3.6 years average tenure).

BICO Group Management

Management criteria checks 2/4

Key information

Recent management updates

BICO Group AB (publ) Elects Alexandra Gatzemeyer as Member of the Board of Directors

BICO Group AB (publ) Announces the Appointment of Anders Fogelberg as Chief Commercial Officer, Effective June 13, 2024

BICO Group AB (publ) Announces Gerry Mackay and Erik Gatenholm Decline Re-Election of the Board of Directors

BICO Group AB (publ) Appoints Catharina Nordlund as Global Head of HR

Group Chief Financial Officer recently bought €75k worth of stock

BICO Group AB (publ) Announces Chief Executive Officer Changes

Recent updates

BICO Group AB (publ) Elects Alexandra Gatzemeyer as Member of the Board of Directors

First quarter 2024 earnings released: kr0.40 loss per share (vs kr1.67 loss in 1Q 2023)

BICO Group AB (publ) Announces the Appointment of Anders Fogelberg as Chief Commercial Officer, Effective June 13, 2024

BICO Group AB (publ) Announces Gerry Mackay and Erik Gatenholm Decline Re-Election of the Board of Directors

BICO Group AB (publ) to Report Fiscal Year 2024 Results on Feb 19, 2025

BICO Group AB (publ) to Report Q3, 2024 Results on Nov 13, 2024

Full year 2023 earnings released: kr24.05 loss per share (vs kr12.94 loss in FY 2022)

BICO Group AB (publ) Appoints Catharina Nordlund as Global Head of HR

Third quarter 2023 earnings released: kr1.00 loss per share (vs kr1.04 profit in 3Q 2022)

Group Chief Financial Officer recently bought €75k worth of stock

BICO Group AB (publ) to Report Fiscal Year 2023 Results on Mar 15, 2024

Second quarter 2023 earnings released: kr12.73 loss per share (vs kr0.68 profit in 2Q 2022)

BICO Group AB (publ) Announces Chief Executive Officer Changes

Beos Light Industrial Germany 1 Fund, a fund managed by BEOS AG agreed to acquire property on Wagner-Régeny-Straße 15 from BICO Group AB (publ) (OM:BICO) for €21 million.

BICO Group AB (publ) Elects Gerry Mackay to Its Board of Directors

First quarter 2023 earnings released: kr1.67 loss per share (vs kr0.68 loss in 1Q 2022)

BICO Group AB (publ) to Report Fiscal Year 2023 Results on Feb 20, 2024

Now 39% undervalued after recent price drop

Independent Chairman of the Board recently sold €747k worth of stock

BICO Group AB Appoints Marius Balger as Chief Operating Officer, Effective March 1, 2023

BICO Group AB Announces the Appointment of Jacob Thordenberg as Group CFO

BICO Group AB (publ) to Report Q1, 2023 Results on May 04, 2023

High number of new and inexperienced directors

Third quarter 2022 earnings released

BICO Group AB (publ) to Report Q2, 2023 Results on Jul 20, 2023

BICO Group Announces Appointment of Nomination Committee 2023

Forecast breakeven date moved forward to 2022

Second quarter 2022 earnings released

Forecast breakeven date moved forward to 2022

BICO Group AB (publ) to Report Fiscal Year 2023 Results on Feb 22, 2023

BICO Group Adds Åsa Hillsten as SVP and Head of IR

BICO Group AB (publ) (OM : BICO) acquired Allegro 3D for $11 million.

BICO (publ) Appoints Mikael Engblom as Interim CFO

High number of new and inexperienced directors

BICO Group AB (Publ) Announces Board Appointments

Co-Founder recently bought €94k worth of stock

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

BICO Reaches Beneficial and Sustainable Solution with Organovo

DISPENDIX, A BICO Company, Announces That the I.DOT HT Non-contact Dispenser and the L.DROP Liquid Handler will be introduced at SLAS 2022

BICO Group AB Announces Statement Regarding Counterclaims in Patent Lawsuit by Organovo Against Cellink

Co-Founder recently bought €1.9m worth of stock

BICO Group AB (publ) (OM:BICO) agreed to acquire Biosero Llc.

Third quarter 2021 earnings released

Insider recently sold €1.1m worth of stock

BICO Group AB (publ) (OM:BICO) acquired all outstanding shares in Advanced BioMatrix, Inc. for $18 million.

CEO & Director recently sold €17m worth of stock

Second quarter 2021 earnings released: kr0.89 loss per share (vs kr0.58 loss in 2Q 2020)

CELLINK Receives Patent for Robotic Systems for Personalized and Automated Aesthetic Medical Procedures

Cellink AB (publ) (OM:CLNK B) completed the acquisition of Discover Echo Inc.

Cellink AB (publ) (OM:CLNK B) completed the acquisition of Nanoscribe GmbH for approximately €37 million.

Cellink AB (publ) (OM:CLNK B) entered into an agreement to acquire Nanoscribe GmbH for €34 million.

First quarter 2021 earnings released

Cellink AB (publ) (OM:CLNK B) entered into an agreement to acquire MatTek Corporation for $68 million.

Cellink AB (publ) (OM:CLNK B) completed the acquisition of Ginolis Ltd from Verso Fund II of Verso Capital Oy, Finnvera plc and Innovestor Ventures for €65.7 million.

Cellink AB (publ) to Report Fiscal Year 2021 Results on Mar 16, 2022

Cellink AB (publ) (OM:CLNK B) entered into an agreement to acquire Ginolis Ltd for €70 million.

New 90-day high: €28.85

Cellink AB (publ) Announces Distribution Agreement Including New Products for Single-Cell RNA Sequencing and NGS Library Preparation

Cellink Announces Third Year Extension of Collaboration with A Global Biopharmaceutical Company for Drug Discovery

New 90-day high: €28.35

Cellink and Phasefocus Announces a Partnership to Bring Livecyte High Content Live Cell Imager to a Wider Audience

Cellink AB (publ) Elects Aristotelis Nastos as Member of the Board of Directors

New 90-day high: €20.75

CELLINK and Atelerix Team Up to Enable the Shipping At Room Temperature of Fragile 3D Bioprinted Constructs by the World's Bioprinting Community

CELLINK to Help Develop 3D Bioprinted Personalised Scaffolds for Tissue Regeneration of Ankle Joint S as Part of the Triankle Project

Full year earnings released - €1.47 loss per share

Cellink AB (publ) to Report Second Half, 2020 Results on Oct 22, 2020

Cellink AB (Publ) Announces Leaving Board of Directors for an Operational Role as Business Area Manager for the Bioprinting Business Unit

New 90-day high: €18.18