Nordecon Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Maret Tambek

Chief executive officer

€149.0k

Total compensation

CEO salary percentage	91.9%
CEO tenure	9.8yrs
CEO ownership	n/a
Management average tenure	2.3yrs
Board average tenure	9yrs

Recent management updates

Recent updates

Is Nordecon AS' (TAL:NCN1T) Stock's Recent Performance A Reflection Of Its Financial Health?

Feb 08

Factors Income Investors Should Consider Before Adding Nordecon AS (TAL:NCN1T) To Their Portfolio

Jan 22

Don't Race Out To Buy Nordecon AS (TAL:NCN1T) Just Because It's Going Ex-Dividend

Jan 02

These 4 Measures Indicate That Nordecon (TAL:NCN1T) Is Using Debt Reasonably Well

Dec 28

Calculating The Fair Value Of Nordecon AS (TAL:NCN1T)

Dec 07

CEO Compensation Analysis

How has Maret Tambek's remuneration changed compared to Nordecon's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€149k	€137k	-€8m
Sep 30 2023	n/a	n/a	-€3m
Jun 30 2023	n/a	n/a	-€5m
Mar 31 2023	n/a	n/a	-€5m
Dec 31 2022	€139k	€126k	-€5m
Sep 30 2022	n/a	n/a	-€8m
Jun 30 2022	n/a	n/a	-€5m
Mar 31 2022	n/a	n/a	-€6m
Dec 31 2021	€111k	€111k	-€6m
Sep 30 2021	n/a	n/a	€630k
Jun 30 2021	n/a	n/a	€474k
Mar 31 2021	n/a	n/a	€4m
Dec 31 2020	€109k	€109k	€2m
Sep 30 2020	n/a	n/a	€2m
Jun 30 2020	n/a	n/a	€4m
Mar 31 2020	n/a	n/a	€3m
Dec 31 2019	€103k	€103k	€3m
Sep 30 2019	n/a	n/a	€4m
Jun 30 2019	n/a	n/a	€3m
Mar 31 2019	n/a	n/a	€3m
Dec 31 2018	€98k	€98k	€3m

Compensation vs Market: Maret's total compensation ($USD159.31K) is below average for companies of similar size in the EE market ($USD300.91K).

Compensation vs Earnings: Maret's compensation has increased whilst the company is unprofitable.

CEO

Maret Tambek (56 yo)

9.8yrs

Tenure

€149,000

Compensation

Ms. Maret Tambek has been a Finance Director of Nordecon AS since July 2014 and as its Member of Management Board since May 1, 2017. She serves as an Acting Chairman of the Management Board of Nordecon AS...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Maret Tambek	Acting Chairman of the Management Board & CFO	9.8yrs	€149.00k	no data
Andri Hobemagi	Head of Investor Relations & Vice-Chairman of the Council	no data	€34.00k	0.16% € 25.5k
Priit Luman	Member of Management Board	7yrs	€135.00k	0.022% € 3.6k
Tarmo Pohlak	Member of Management Board	less than a year	€97.00k	no data
Tatjana Boiko	Head of Group Function Accounting	no data	no data	no data
Helin Kikerpill	Head of Legal	1.3yrs	no data	no data
Mirjam Mikkin	Communications Manager	no data	no data	no data
Riina Padar-Leppiman	Human Resources Manager	2.3yrs	no data	no data
Erkki Suurorg	Head of Civil Engineering Division	no data	€209.00k	no data
Hannes Must	Head of Quality Department	no data	no data	no data
Deniss Berman	Head of Budgeting & Special Works Division	no data	no data	no data
Tanel Kivipõld	Head of the Special Works Department	no data	no data	no data

2.3yrs

Average Tenure

Experienced Management: NCN1T's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andri Hobemagi	Head of Investor Relations & Vice-Chairman of the Council	16yrs	€34.00k	0.16% € 25.5k
Sandor Liive	Independent Member of the Council	9yrs	€14.00k	no data
Toomas Luman	Chairman of the Council	18.3yrs	€103.00k	2.3% € 369.9k
Vello Kahro	Independent Member of the Council	9yrs	€14.00k	0.032% € 5.1k
Andre Luman	Member of the Supervisory Board	4yrs	€14.00k	0.079% € 12.7k

9.0yrs

Average Tenure

Experienced Board: NCN1T's board of directors are considered experienced (9 years average tenure).

Nordecon Management

Management criteria checks 3/4

Key information

Recent management updates

Nordecon AS, Annual General Meeting, May 22, 2024

Nordecon AS, Annual General Meeting, May 25, 2022

Recent updates

Full year 2023 earnings released: €0.24 loss per share (vs €0.16 loss in FY 2022)

Nordecon AS, Annual General Meeting, May 22, 2024

Full year 2023 earnings released: €0.03 loss per share (vs €0.12 loss in FY 2022)

Nordecon AS to Report Q4, 2024 Results on Feb 06, 2025

New minor risk - Share price stability

Here's Why Nordecon (TAL:NCN1T) Has A Meaningful Debt Burden

An unknown entity controlled by the current minority shareholders agreed to acquire Nordecon Betoon OÜ. from Nordecon AS (TLSE:NCN1T) for €9.05 million.

Third quarter 2023 earnings released: EPS: €0.001 (vs €0.05 loss in 3Q 2022)

New minor risk - Share price stability

New minor risk - Financial position

Second quarter 2023 earnings released: €0.02 loss per share (vs €0 in 2Q 2022)

Full year 2022 earnings released: €0.12 loss per share (vs €0.20 loss in FY 2021)

Full year 2022 earnings released: €0.12 loss per share (vs €0.20 loss in FY 2021)

Is Nordecon (TAL:NCN1T) A Risky Investment?

Nordecon AS to Report Q3, 2023 Results on Nov 02, 2023

Nordecon AS Announces Reorganization of Infrastructure Construction Segment Management

Investors Could Be Concerned With Nordecon's (TAL:NCN1T) Returns On Capital

Second quarter 2022 earnings released: EPS: €0 (vs €0.02 loss in 2Q 2021)

First quarter 2022 earnings released: €0.03 loss per share (vs €0.05 loss in 1Q 2021)

Nordecon AS, Annual General Meeting, May 25, 2022

Is Nordecon (TAL:NCN1T) Using Too Much Debt?

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

Third quarter 2021 earnings released: EPS €0.04 (vs €0.04 in 3Q 2020)

Nordecon AS Provides Revenue Guidance for the Year 2021

Second quarter 2021 earnings released: €0.02 loss per share (vs €0.08 profit in 2Q 2020)

Upcoming dividend of €0.06 per share

Nordecon AS Approves Dividend for the Year 2020, Payable on 29 September 2021

Calculating The Fair Value Of Nordecon AS (TAL:NCN1T)

First quarter 2021 earnings released: €0.05 loss per share (vs €0.085 loss in 1Q 2020)

Nordecon AS Provides Revenue Guidance for 2021

Nordecon AS Announces Dividend, Payable on September 29, 2021

Investor sentiment improved over the past week

These 4 Measures Indicate That Nordecon (TAL:NCN1T) Is Using Debt Extensively

Nordecon AS and Viljandi Real Estate OÜ Signs Agreement to Construct Building for an Ikea Concept Store in Kurna Village

New 90-day high: €1.18

Nordecon AS Announces Extension of Construction Contract for Estonian Internal Security Service Head Office

Has Nordecon (TAL:NCN1T) Got What It Takes To Become A Multi-Bagger?

AS Nordecon and the Transport Administration Enters into an Agreement for the Construction of 2+2 Passing Lanes on the Kärevere–Kardla Section Along Kilometres 167–171 of the Tallinn–Tartu–Võru–Luhamaa Highway

Full year 2020 earnings released: EPS €0.078 (vs €0.11 in FY 2019)

Is Nordecon AS' (TAL:NCN1T) Stock's Recent Performance A Reflection Of Its Financial Health?

New 90-day high: €1.16

Factors Income Investors Should Consider Before Adding Nordecon AS (TAL:NCN1T) To Their Portfolio

Don't Race Out To Buy Nordecon AS (TAL:NCN1T) Just Because It's Going Ex-Dividend

These 4 Measures Indicate That Nordecon (TAL:NCN1T) Is Using Debt Reasonably Well

Nordecon AS to Report Fiscal Year 2020 Final Results on Apr 29, 2021

New 90-day high: €1.14

Calculating The Fair Value Of Nordecon AS (TAL:NCN1T)

New 90-day high: €1.12

AS Nordecon and Its Group Company Nordecon Betoon OÜ Enters into Contract with Öpiku Majad OÜ

AS Nordecon and OÜ Favorte H24 Enters into Contract

AS Nordecon and Tallinn City Property Department Enters into Contract for the Construction of Nõmme Gymnasium Sports Building

Third quarter 2020 earnings released: EPS €0.04

Nordecon AS Signs an Agreement for Reconstruction Works

Nordecon As Announces Company Restructuring

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure