ECIT Management

Management criteria checks 2/4

ECIT's CEO is PL Lauring, appointed in May 2013, has a tenure of 11.08 years. directly owns 9.49% of the company’s shares, worth €28.56M. The average tenure of the management team and the board of directors is 2.4 years and 4.6 years respectively.

Key information

PL Lauring

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	11.1yrs
CEO ownership	9.5%
Management average tenure	2.4yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO

PL Lauring (65 yo)

11.1yrs

Tenure

Mr. Peter Lauring, also known as PL, is Founder at ECIT AS since 2013 and has been its Chief Executive Officer and until April 2022 and is its Member of Executive Board and served as Director since May 201...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peter Lauring	Founder	11.1yrs	no data	9.49% NOK 28.6m
Mads Skovgaard	Chief Financial Officer	no data	no data	0.12% NOK 367.4k
Halvor Aspaas	Executive Vice President of Tech Division & Consulting Division	no data	no data	1.05% NOK 3.2m
Lise Molund	Group Legal	no data	no data	no data
Jes Schjotler	Executive Vice President of Compliance	less than a year	no data	no data
Camilla Hagberg	Group HR & Partner of Cross Mgmt.	2.4yrs	no data	no data
Mikkel Walde	Executive Vice President of IT Division	no data	no data	3.7% NOK 11.1m
Klaus Jensen	Executive VP of F&A Division and Director	no data	no data	6.49% NOK 19.5m
Nicolaj Johansen	MD of ECIT Services DK & Partner of Cross Mgmt.	no data	no data	no data
Eivind Norebo	MD of tech Div.	7yrs	no data	no data
Linda Forberg	MD of F&A Norway	2.4yrs	no data	0.23% NOK 706.3k
Knut Opstad	MD of ECIT Norian & Partner of Cross Mgmt.	2.4yrs	no data	no data

2.4yrs

Average Tenure

53yo

Average Age

Experienced Management: 3CZ's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Klaus Jensen	Executive VP of F&A Division and Director	7.8yrs	no data	6.49% NOK 19.5m
Eivind Norebo	MD of tech Div.	7yrs	no data	no data
Linda Forberg	MD of F&A Norway	2.2yrs	no data	0.23% NOK 706.3k
Thomas Plenborg	Chairman	2.2yrs	no data	0.46% NOK 1.4m
Christian Bjørnstad	Board Observer	2.2yrs	no data	0.081% NOK 244.9k
Pedro Fasting	Independent Deputy Chairman of the Board	11.1yrs	no data	0.16% NOK 491.2k
Cato Holmsen	Director	7.3yrs	no data	0.67% NOK 2.0m
Espen Karlsen	Director	2.2yrs	no data	5.43% NOK 16.3m

4.6yrs

Average Tenure

53yo

Average Age

Experienced Board: 3CZ's board of directors are considered experienced (4.6 years average tenure).

ECIT Management

Management criteria checks 2/4

Key information

Recent management updates

ECIT AS, Annual General Meeting, Mar 21, 2024

Less than half of directors are independent

Chairman recently bought €851k worth of stock

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Recent updates

New minor risk - Shareholder dilution

First quarter 2024 earnings released: EPS: kr0.04 (vs kr0.064 in 1Q 2023)

ECIT AS (OB:ECIT) acquired 75% stake in Företagsbyrån I Luleå Ab.

Upcoming dividend of kr0.06 per share

Dividend of kr0.06 announced

Full year 2023 earnings released

ECIT AS Proposes Ordinary Dividend for the Fiscal Year 2023, Payable on or About April 8, 2024

New minor risk - Shareholder dilution

Third quarter 2023 earnings released: EPS: kr0.04 (vs kr0.056 in 3Q 2022)

ECIT AS (OB:ECIT) entered into an agreement to acquire 50.1% stake in Evercom AS.

ECIT AS, Annual General Meeting, Mar 21, 2024

ECIT AS (OB:ECIT) acquired 55.37% stake in Kreatif As.

ECIT AS (OB:ECIT) acquired 50.1% stake in Kovert AS.

ECIT AS (OB:ECIT) acquired 43.11% stake in ESG Trackr AS.

ECIT AS (OB:ECIT) acquired 96.016% stake in Dataplan As.

Less than half of directors are independent

Chairman recently bought €851k worth of stock

Now 26% undervalued after recent price drop

Upcoming dividend of kr0.04 per share at 0.6% yield

Full year 2022 earnings released

Less than half of directors are independent

Less than half of directors are independent

ECIT AS (OB:ECIT) acquired 60% of Progresso Invest AS.

ECIT AS to Report Q3, 2023 Results on Nov 09, 2023

Third quarter 2022 earnings released: EPS: kr0.056 (vs kr0.032 in 3Q 2021)

Less than half of directors are independent

ECIT AS (OB:ECIT) completed the acquisition of 50.1% stake in Intunor Services As.

Now 20% undervalued after recent price drop

ECIT AS (OB:ECIT) acquired 90% stake in Argus Kreditt As.

ECIT AS (OB:ECIT) entered into an agreement to acquire 50.1% of Intunor Services As.

Less than half of directors are independent

ECIT AS (OB:ECIT) entered into an agreement to acquire 50.1% of Intunor Services As.

ECIT AS (OB:ECIT) commences an Equity Buyback Plan, under the authorization granted on April 8, 2022.

ECIT AS (OB:ECIT) commences an Equity Buyback Plan, under the authorization granted on April 8, 2022.

Second quarter 2022 earnings released: EPS: kr0.049 (vs kr0.01 in 2Q 2021)

Insider recently bought €59k worth of stock

ECIT AS (OB:ECIT) acquired 50.1% stake in Auto-Flow Aps.

ECIT AS (OB:ECIT) acquired Tandem Regnskap AS.

ECIT AS announced that it expects to receive NOK 4.514312 million in funding

First quarter 2022 earnings released

Less than half of directors are independent

ECIT AS Announces Executive Changes

Investor sentiment improved over the past week

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age