Morrow Bank ASA

BATS-CHIXE:MOBAO Stock Report

Market Cap: NOK 917.5m

Morrow Bank Management

Management criteria checks 3/4

Morrow Bank's CEO is Oyvind Oanes, appointed in Oct 2021, has a tenure of 2.42 years. total yearly compensation is NOK4.10M, comprised of 97.6% salary and 2.4% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth NOK1.61M. The average tenure of the management team and the board of directors is 2.2 years and 1.9 years respectively.

Key information

Oyvind Oanes

Chief executive officer

NOK 4.1m

Total compensation

CEO salary percentage97.6%
CEO tenure2.4yrs
CEO ownership0.2%
Management average tenure2.2yrs
Board average tenure1.9yrs

Recent management updates

No updates

Recent updates

No updates

CEO Compensation Analysis

How has Oyvind Oanes's remuneration changed compared to Morrow Bank's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

NOK 134m

Sep 30 2023n/an/a

NOK 13m

Jun 30 2023n/an/a

-NOK 4m

Mar 31 2023n/an/a

-NOK 9m

Dec 31 2022NOK 4mNOK 4m

-NOK 14m

Sep 30 2022n/an/a

NOK 111m

Jun 30 2022n/an/a

-NOK 263m

Mar 31 2022n/an/a

-NOK 249m

Dec 31 2021NOK 1mNOK 1m

-NOK 222m

Compensation vs Market: Oyvind's total compensation ($USD384.75K) is about average for companies of similar size in the UK market ($USD344.69K).

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

CEO

Oyvind Oanes

2.4yrs

Tenure

NOK 4,100,000

Compensation

Mr. Oyvind Oanes serves as Chief Executive Officer at Morrow Bank ASA (formerly known as Komplett Bank ASA) since 1 October 2021. He had been Group Chief Executive Officer and Member of Management Board at...

Leadership Team

NamePositionTenureCompensationOwnership
Oyvind Oanes
Chief Executive Officer2.4yrsNOK 4.10m0.18%
NOK 1.6m
Eirik Holtedahl
Chief Financial Officer2.1yrsNOK 2.60m1.15%
NOK 10.6m
Wilhelm Thomassen
Chief Operating Officer2.2yrsNOK 2.90m0.92%
NOK 8.4m
Martin Valland
Interim Chief Technology Officer2yrsno data0.059%
NOK 544.0k
Annika Ramstedt
Chief Credit Risk Officer2.2yrsNOK 2.70m0.065%
NOK 592.0k
Henning Fagerbakke
Head of Finance2.2yrsNOK 6.20m0.21%
NOK 1.9m
Jonna Kyllonen
Operations Manager for Customer Service & Employee Directorno dataNOK 100.00k0.0077%
NOK 70.4k
Kristian Tovsen
Head of Business & Product Developmentno dataNOK 100.00kno data
Tony Rogne
Chief Commercial Officerno datano datano data

2.2yrs

Average Tenure

Experienced Management: MOBAO's management team is considered experienced (2.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jonna Kyllonen
Operations Manager for Customer Service & Employee Director4yrsNOK 100.00k0.0077%
NOK 70.4k
Stig Sivertsen
Independent Chairman6yrsNOK 800.00k0.17%
NOK 1.6m
Bodil Hollingsaeter
Independent Deputy Chairman of the Board10yrsNOK 600.00k0.32%
NOK 3.0m
Anna Østlie
Independent Director1.9yrsNOK 200.00kno data
Thomas Bjørnstad
Independent Director1.9yrsNOK 200.00k0.045%
NOK 410.9k
Per Mikaelsen
Employee Director1.2yrsno data0.0044%
NOK 40.0k
Angelica Rehnlund
Employee Elected Deputy Member1.2yrsno datano data
Ulrik Bakkevold
Employee Elected Deputy Member1.2yrsno datano data
Nicolai Lunde
Directorless than a yearno datano data

1.9yrs

Average Tenure

56.5yo

Average Age

Experienced Board: MOBAO's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.