Magnora Management

Management criteria checks 2/4

Magnora's CEO is Erik Sneve, appointed in Apr 2019, has a tenure of 5.58 years. total yearly compensation is NOK7.29M, comprised of 39.6% salary and 60.4% bonuses, including company stock and options. directly owns 1.82% of the company’s shares, worth €2.26M. The average tenure of the management team and the board of directors is 3.7 years and 6.5 years respectively.

Key information

Erik Sneve

Chief executive officer

NOK 7.3m

Total compensation

CEO salary percentage39.6%
CEO tenure5.6yrs
CEO ownership1.8%
Management average tenure3.7yrs
Board average tenure6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Erik Sneve's remuneration changed compared to Magnora's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 289m

Jun 30 2024n/an/a

NOK 33m

Mar 31 2024n/an/a

NOK 179m

Dec 31 2023NOK 7mNOK 3m

NOK 193m

Sep 30 2023n/an/a

NOK 256m

Jun 30 2023n/an/a

NOK 259m

Mar 31 2023n/an/a

NOK 38m

Dec 31 2022NOK 5mNOK 2m

NOK 13m

Sep 30 2022n/an/a

-NOK 71m

Jun 30 2022n/an/a

-NOK 71m

Mar 31 2022n/an/a

-NOK 73m

Dec 31 2021NOK 5mNOK 2m

-NOK 63m

Sep 30 2021n/an/a

-NOK 27m

Jun 30 2021n/an/a

-NOK 4m

Mar 31 2021n/an/a

NOK 18m

Dec 31 2020NOK 5mNOK 2m

NOK 29m

Sep 30 2020n/an/a

NOK 27m

Jun 30 2020n/an/a

NOK 25m

Mar 31 2020n/an/a

NOK 15m

Dec 31 2019NOK 2mNOK 2m

NOK 20m

Compensation vs Market: Erik's total compensation ($USD658.50K) is above average for companies of similar size in the German market ($USD492.37K).

Compensation vs Earnings: Erik's compensation has increased by more than 20% in the past year.


CEO

Erik Sneve

5.6yrs

Tenure

NOK 7,291,000

Compensation

Mr. Erik Daylemani Sneve serves as Investment Manager in Energy Future Invest, an investment company focusing on the energy sector. Mr. Sneve work experience includes investment banking, general management...


Leadership Team

NamePositionTenureCompensationOwnership
Torstein Sanness
Executive Chairman7.5yrsNOK 1.21m1.03%
€ 1.3m
Erik Sneve
Chief Executive Officer5.6yrsNOK 7.29m1.82%
€ 2.3m
Bard Olsen
Chief Financial Officer5.2yrsNOK 3.38m0.12%
€ 142.9k
Haakon Alfstad
Executive Vice President of Projects3.7yrsno data0.21%
€ 259.5k
Emilie Brackman
VP of Offshore Wind & CEO of Magnora Offshore Windno datano data0.0040%
€ 4.9k
Hanne Wiger
Business Controller1.8yrsno data0.0069%
€ 8.5k
Trond Gartner
Senior Vice President of Business Development3.1yrsno data0.011%
€ 13.3k

3.7yrs

Average Tenure

Experienced Management: 4SM's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Torstein Sanness
Executive Chairman7.5yrsNOK 1.21m1.03%
€ 1.3m
John Hamilton
Director5.9yrsNOK 370.00k0.052%
€ 64.5k
Hilde Adland
Director6.5yrsNOK 310.00k0.060%
€ 74.3k

6.5yrs

Average Tenure

59yo

Average Age

Experienced Board: 4SM's board of directors are considered experienced (6.5 years average tenure).