Terranet Management
Management criteria checks 1/4
Terranet's CEO is Magnus Anderssonas, appointed in Sep 2022, has a tenure of 1.83 years. total yearly compensation is SEK2.78M, comprised of 60.3% salary and 39.7% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth €26.93K. The average tenure of the management team and the board of directors is 0.8 years and 2.6 years respectively.
Key information
Magnus Anderssonas
Chief executive officer
SEK 2.8m
Total compensation
| CEO salary percentage | 60.3% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | less than a year |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -SEK 73m |
| Dec 31 2023 | SEK 3m | SEK 2m | -SEK 73m |
| Sep 30 2023 | n/a | n/a | -SEK 39m |
| Mar 31 2023 | n/a | n/a | -SEK 32m |
| Dec 31 2022 | SEK 2m | SEK 583k | -SEK 32m |
Compensation vs Market: Magnus's total compensation ($USD263.11K) is below average for companies of similar size in the German market ($USD533.87K).
Compensation vs Earnings: Magnus's compensation has increased whilst the company is unprofitable.
CEO
Magnus Anderssonas (53 yo)
1.8yrs
Tenure
SEK 2,784,000
Compensation
Mr. Magnus Anderssonas serves as Chief Executive Officer at Terranet AB since September 2022 and served as Interim CEO since September 1, 2022 until September 2022. He has international experience in succe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1.8yrs | SEK 2.78m | 0.21% SEK 26.8k | |
| Chief Financial Officer | less than a year | no data | 0.047% SEK 6.0k | |
| CTO & SVP of Engineering | less than a year | no data | 0.093% SEK 12.1k | |
| Senior Vice President of Strategic Licensing & Sourcing | 4.5yrs | no data | no data | |
| Chief Commercial Officer | less than a year | no data | no data |
0.8yrs
Average Tenure
55yo
Average Age
Experienced Management: TE5's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | 1.2yrs | SEK 299.00k | 0.11% SEK 14.8k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 3.8yrs | SEK 194.00k | 0.12% SEK 15.5k | |
| Director | 2.6yrs | SEK 181.00k | no data | |
| Independent Director | 2.6yrs | SEK 150.00k | no data | |
| Independent Director | 2.6yrs | no data | no data | |
| Independent Director | 2.6yrs | SEK 148.00k | no data |
2.6yrs
Average Tenure
57yo
Average Age
Experienced Board: TE5's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.