Dampskibsselskabet Norden Management

Management criteria checks 3/4

Dampskibsselskabet Norden's CEO is Jan Rindbo, appointed in Apr 2015, has a tenure of 9.58 years. total yearly compensation is $3.56M, comprised of 29.2% salary and 70.8% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth €3.24M. The average tenure of the management team and the board of directors is 5.8 years and 3.7 years respectively.

Key information

Jan Rindbo

Chief executive officer

US$3.6m

Total compensation

CEO salary percentage	29.2%
CEO tenure	9.6yrs
CEO ownership	0.4%
Management average tenure	5.8yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jan Rindbo's remuneration changed compared to Dampskibsselskabet Norden's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$176m
Jun 30 2024	n/a	n/a	US$250m
Mar 31 2024	n/a	n/a	US$312m
Dec 31 2023	US$4m	US$1m	US$400m
Sep 30 2023	n/a	n/a	US$562m
Jun 30 2023	n/a	n/a	US$706m
Mar 31 2023	n/a	n/a	US$777m
Dec 31 2022	US$4m	US$1m	US$744m
Sep 30 2022	n/a	n/a	US$662m
Jun 30 2022	n/a	n/a	US$483m
Mar 31 2022	n/a	n/a	US$337m
Dec 31 2021	US$4m	US$1m	US$205m
Sep 30 2021	n/a	n/a	US$85m
Jun 30 2021	n/a	n/a	US$46m
Mar 31 2021	n/a	n/a	US$43m
Dec 31 2020	US$3m	US$1m	US$86m
Sep 30 2020	n/a	n/a	US$116m
Jun 30 2020	n/a	n/a	US$90m
Mar 31 2020	n/a	n/a	US$52m
Dec 31 2019	US$2m	US$1m	US$19m
Sep 30 2019	n/a	n/a	US$6m
Jun 30 2019	n/a	n/a	-US$4m
Mar 31 2019	n/a	n/a	US$6m
Dec 31 2018	US$2m	US$1m	US$29m
Sep 30 2018	n/a	n/a	US$37m
Jun 30 2018	n/a	n/a	US$46m
Mar 31 2018	n/a	n/a	US$42m
Dec 31 2017	US$2m	US$1m	US$25m

Compensation vs Market: Jan's total compensation ($USD3.56M) is above average for companies of similar size in the German market ($USD1.46M).

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

CEO

Jan Rindbo (50 yo)

9.6yrs

Tenure

US$3,556,000

Compensation

Mr. Jan Rindbo has been the Chief Executive Officer of Dampskibsselskabet Norden A/S since May 2015. Mr. Rindbo served as the Managing Director of IHC & IHX at Pacific Basin Shipping Ltd. until November 7,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jan Rindbo	Chief Executive Officer	9.6yrs	US$3.56m	0.37% € 3.2m
Johanne Christiane Frazer Østergård	Vice Chairman & MD	8.6yrs	US$98.00k	0.0016% € 14.4k
Martin Badsted	Chief Financial Officer	no data	US$1.88m	0.14% € 1.2m
Karsten Knudsen	MD & Director	no data	US$95.00k	0.0066% € 57.9k
Henrik Røjel	Head of Decarbonisation	3.7yrs	US$44.00k	no data
Anne Jensen	Chief Operating Officer of Assets & Logistics	no data	no data	no data
Priya Gudka	Head of Group Accounting	no data	no data	no data
Stig Frederiksen	Head of Investor Relations	no data	no data	no data
Kaare Christoffersen	General Counsel & Head of Group Legal	no data	no data	no data
Anne-Louise Dam-Rasmussen	Head of Communications	less than a year	no data	no data
Heidi Persson	Head of People & Sustainability	5.8yrs	no data	no data
Sture Freudenreich	Head of IT & Director	13.8yrs	no data	no data

5.8yrs

Average Tenure

52yo

Average Age

Experienced Management: D69's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Johanne Christiane Frazer Østergård	Vice Chairman & MD	8.6yrs	US$98.00k	0.0016% € 14.4k
Karsten Knudsen	MD & Director	16.6yrs	US$95.00k	0.0066% € 57.9k
Henrik Røjel	Head of Decarbonisation	3.7yrs	US$44.00k	no data
Jonsvein Joensen	Chief Engineer	6.6yrs	no data	no data
Klaus Nyborg	Independent Chairman & MD	12.6yrs	US$176.00k	0.0056% € 49.2k
Ian McIntosh	Independent Director	1.7yrs	US$72.00k	0.0032% € 27.5k
Vibeke Solok	Independent Director	1.7yrs	US$57.00k	0.0030% € 26.1k
Robert Macleod	Independent Director	2.7yrs	US$81.00k	no data
Kim Aarup	Alternate Director	6.6yrs	no data	no data
Arthur Gaidon	Alternate Director	3.7yrs	no data	no data
Sofie Schonherr	Employee Representative Director	less than a year	no data	no data
Ruhi Hermansen	Head of Operations & Independent Employee Representative Director	less than a year	no data	no data

3.7yrs

Average Tenure

57.5yo

Average Age

Experienced Board: D69's board of directors are considered experienced (3.7 years average tenure).

Dampskibsselskabet Norden Management

Management criteria checks 3/4

Key information

Recent management updates

Chief Executive Officer recently bought €201k worth of stock

High number of new directors

Dampskibsselskabet Norden A/S Announces Board Appointments

Less than half of directors are independent

Stephen Kunzer to Resign from Norden's Board of Directors, Effective from 31 January 2023

Less than half of directors are independent

Recent updates

New major risk - Earnings quality

Third quarter 2024 earnings released: EPS: US$0.80 (vs US$2.80 in 3Q 2023)

Second quarter 2024 earnings released: EPS: US$1.50 (vs US$3.10 in 2Q 2023)

Dampskibsselskabet Norden A/S (CPSE:DNORD) announces an Equity Buyback for 1,000,000 shares, for DKK 95 million.

Chief Executive Officer recently bought €201k worth of stock

First quarter 2024 earnings released: EPS: US$2.00 (vs US$4.50 in 1Q 2023)

High number of new directors

Dampskibsselskabet NORDEN A/S Approves Distribution for the Year 2023

Dampskibsselskabet Norden A/S Announces Board Appointments

Upcoming dividend of kr.10.00 per share

Fourth quarter dividend of kr.10.00 announced

Now 20% overvalued after recent price rise

Full year 2023 earnings released: EPS: US$12.40 (vs US$21.19 in FY 2022)

Dampskibsselskabet Norden A/S Provides Earnings Guidance for the Year 2024

Dampskibsselskabet Norden A/S to Report Q1, 2024 Results on Apr 25, 2024

Investor sentiment deteriorates as stock falls 22%

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: US$2.80 (vs US$6.90 in 3Q 2022)

New minor risk - Earnings quality

Dampskibsselskabet Norden A/S Updates Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$3.10 (vs US$5.13 in 2Q 2022)

Investor sentiment deteriorates as stock falls 17%

Dampskibsselskabet Norden A/S Approves the Payment of Interim Dividends

Less than half of directors are independent

Upcoming dividend of kr.30.00 per share at 17% yield

Investor sentiment improves as stock rises 17%

Full year 2022 earnings released

Dampskibsselskabet Norden A/S Proposes Final Dividend

Dampskibsselskabet Norden A/S Provides Earnings Outlook for the Year 2023

Stephen Kunzer to Resign from Norden's Board of Directors, Effective from 31 January 2023

Dampskibsselskabet Norden A/S Revises Earnings Guidance for the Year 2022

Dampskibsselskabet Norden A/S to Report Q1, 2023 Results on May 03, 2023

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: US$6.90 (vs US$1.73 in 3Q 2021)

Investor sentiment deteriorated over the past week

Dampskibsselskabet Norden A/S Announces Interim Dividend for 2022, Payable on November 09, 2022

Investor sentiment improved over the past week

Dampskibsselskabet Norden A/S Raises Earnings Guidance for the Full-Year 2022

Second quarter 2022 earnings released: EPS: US$5.13 (vs US$0.84 in 2Q 2021)

Dampskibsselskabet Norden A/S Announces Interim Dividend for 2022, Payable on 23 August 2022

Dampskibsselskabet Norden A/S Raises Earnings Guidance for the Full Year 2022

Dampskibsselskabet Norden A/S Raises Earnings Guidance for the Full Year 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Norden Raises Profit Guidance for the Full Year 2022

First quarter 2022 earnings released: EPS: US$3.20 (vs US$0.40 loss in 1Q 2021)

Dampskibsselskabet Norden A/S Announces Management Changes

Less than half of directors are independent

Upcoming dividend of kr.18.00 per share

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

Investor sentiment improved over the past week

Dampskibsselskabet Norden A/S Proposes Dividend

Third quarter 2021 earnings released: EPS US$1.73 (vs US$0.68 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.85 (vs US$0.74 in 2Q 2020)

Investor sentiment improved over the past week

NORDEN Provides Earnings Guidance for the Year 2021

First quarter 2021 earnings released: US$0.40 loss per share (vs US$0.71 profit in 1Q 2020)

Investor sentiment improved over the past week

Upcoming Dividend of kr.9.00 Per Share

Full year 2020 earnings released: EPS US$2.22 (vs US$0.48 in FY 2019)

Revenue beats expectations

Dampskibsselskabet NORDEN A/S Announces Executive Changes

New 90-day high: €16.66

New 90-day high: €15.78

Dampskibsselskabet Norden A/S to Report Q3, 2021 Results on Nov 04, 2021

New 90-day high: €15.60

New 90-day high: €14.82

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.68