Fortnox Management
Management criteria checks 3/4
Fortnox's CEO is Tommy Eklund, appointed in Jan 2020, has a tenure of 4.25 years. total yearly compensation is SEK8.80M, comprised of 36.4% salary and 63.6% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth €1.94M. The average tenure of the management team and the board of directors is 3.3 years and 5.3 years respectively.
Key information
Tommy Eklund
Chief executive officer
kr8.8m
Total compensation
| CEO salary percentage | 36.4% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.06% |
| Management average tenure | 3.3yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | kr613m |
| Dec 31 2023 | n/a | n/a | kr570m |
| Sep 30 2023 | n/a | n/a | kr476m |
| Jun 30 2023 | n/a | n/a | kr439m |
| Mar 31 2023 | n/a | n/a | kr386m |
| Dec 31 2022 | kr9m | kr3m | kr347m |
| Sep 30 2022 | n/a | n/a | kr315m |
| Jun 30 2022 | n/a | n/a | kr282m |
| Mar 31 2022 | n/a | n/a | kr262m |
| Dec 31 2021 | kr7m | kr3m | kr241m |
| Sep 30 2021 | n/a | n/a | kr232m |
| Jun 30 2021 | n/a | n/a | kr216m |
| Mar 31 2021 | n/a | n/a | kr210m |
| Dec 31 2020 | kr6m | kr3m | kr205m |
Compensation vs Market: Tommy's total compensation ($USD804.62K) is below average for companies of similar size in the German market ($USD2.56M).
Compensation vs Earnings: Tommy's compensation has increased by more than 20% in the past year.
CEO
Tommy Eklund (47 yo)
4.3yrs
Tenure
kr8,800,000
Compensation
Mr. Tommy Eklund is the Chief Executive Officer and President at Fortnox AB since January 2020.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy CEO & CFO | 3.3yrs | kr4.90m | 0.034% SEK 1.1m | |
| CEO & President | 4.3yrs | kr8.80m | 0.058% SEK 1.9m | |
| COO & Business Area Manager | 3.3yrs | no data | 0.0019% SEK 63.6k | |
| Customer Experience & Brand Manager | no data | no data | no data | |
| Business Area Manager | no data | no data | 0.0013% SEK 44.3k | |
| Business Area Manager Entrepreneurship | no data | no data | 0.00047% SEK 15.6k | |
| Business Area Manager Financial Services | no data | no data | 0.00030% SEK 10.0k | |
| Business Area Manager of Accounting Firms | no data | no data | 0.000060% SEK 2.0k |
3.3yrs
Average Tenure
47yo
Average Age
Experienced Management: 9E80's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.3yrs | kr300.00k | 0.0034% SEK 114.5k | |
| Chairman of the Board | 13.3yrs | kr800.00k | 18.82% SEK 626.7m | |
| Independent Director | 8.3yrs | kr300.00k | 0.00013% SEK 4.3k | |
| Independent Director | 5.3yrs | kr300.00k | 0.0036% SEK 121.2k | |
| Independent Director | 3.3yrs | kr400.00k | 0.00031% SEK 10.3k |
5.3yrs
Average Tenure
61yo
Average Age
Experienced Board: 9E80's board of directors are considered experienced (5.3 years average tenure).