Sparebanken Sør Management
Management criteria checks 2/4
Sparebanken Sør's CEO is Geir Bergskaug, appointed in Jan 2014, has a tenure of 10.33 years. total yearly compensation is NOK5.36M, comprised of 75.6% salary and 24.4% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth NOK12.30M. The average tenure of the management team and the board of directors is 1.3 years and 2.1 years respectively.
Key information
Geir Bergskaug
Chief executive officer
NOK 5.4m
Total compensation
| CEO salary percentage | 75.6% |
| CEO tenure | 10.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.3yrs |
| Board average tenure | 2.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | NOK 728m |
| Dec 31 2023 | NOK 5m | NOK 4m | NOK 684m |
| Sep 30 2023 | n/a | n/a | NOK 708m |
| Jun 30 2023 | n/a | n/a | NOK 633m |
| Mar 31 2023 | n/a | n/a | NOK 635m |
| Dec 31 2022 | NOK 5m | NOK 3m | NOK 496m |
| Sep 30 2022 | n/a | n/a | NOK 362m |
| Jun 30 2022 | n/a | n/a | NOK 309m |
| Mar 31 2022 | n/a | n/a | NOK 254m |
| Dec 31 2021 | NOK 6m | NOK 3m | NOK 191m |
| Sep 30 2021 | n/a | n/a | NOK 193m |
| Jun 30 2021 | n/a | n/a | NOK 194m |
| Mar 31 2021 | n/a | n/a | NOK 191m |
| Dec 31 2020 | NOK 5m | NOK 3m | NOK 177m |
| Sep 30 2020 | n/a | n/a | NOK 161m |
| Jun 30 2020 | n/a | n/a | NOK 168m |
| Mar 31 2020 | n/a | n/a | NOK 171m |
| Dec 31 2019 | NOK 5m | NOK 3m | NOK 183m |
| Sep 30 2019 | n/a | n/a | NOK 170m |
| Jun 30 2019 | n/a | n/a | NOK 152m |
| Mar 31 2019 | n/a | n/a | NOK 156m |
| Dec 31 2018 | NOK 5m | NOK 3m | NOK 158m |
| Sep 30 2018 | n/a | n/a | NOK 180m |
| Jun 30 2018 | n/a | n/a | NOK 187m |
| Mar 31 2018 | n/a | n/a | NOK 178m |
| Dec 31 2017 | NOK 5m | NOK 3m | NOK 175m |
Compensation vs Market: Geir's total compensation ($USD510.18K) is below average for companies of similar size in the UK market ($USD977.24K).
Compensation vs Earnings: Geir's compensation has been consistent with company performance over the past year.
CEO
Geir Bergskaug (63 yo)
10.3yrs
Tenure
NOK 5,362,000
Compensation
Mr. Geir Bergskaug has been Chief Executive Officer of Sparebanken Sør since January 1, 2014 and serves as its Director. Mr. Bergskaug served as Chief Executive Officer of Sparebanken Sør Boligkreditt AS (...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.3yrs | NOK 5.36m | 0.20% NOK 12.3m | |
| Chief Financial Officer | 1.9yrs | NOK 2.01m | no data | |
| Executive Vice President of Marketing & Communications | 2.8yrs | NOK 2.04m | no data | |
| Chief Risk Officer | less than a year | NOK 2.40m | no data | |
| Executive Vice President of Corporate Customer Division | less than a year | NOK 2.88m | no data | |
| Executive Vice President of Group Head Office | less than a year | NOK 2.30m | no data | |
| Executive Vice President of Business Development | no data | NOK 2.27m | no data | |
| Executive Vice President of Strategy | less than a year | NOK 2.16m | no data | |
| Executive Vice President of Process Improvement | less than a year | NOK 2.11m | no data | |
| Executive Vice President of Retail Market | 1.3yrs | NOK 6.50m | no data | |
| Controller | 3.3yrs | no data | no data | |
| Controller | 3.3yrs | no data | no data |
1.3yrs
Average Tenure
53yo
Average Age
Experienced Management: SORO's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | no data | NOK 5.36m | 0.20% NOK 12.3m | |
| Independent Director | 2.1yrs | NOK 256.00k | no data | |
| Independent Chairman of the Board | 2.1yrs | NOK 464.00k | no data | |
| Independent Director | 3.5yrs | NOK 250.00k | no data | |
| Trustee | no data | no data | no data | |
| Independent Deputy Chairman | 2.1yrs | NOK 274.00k | no data | |
| Chairman of Board of Trustees | 4.2yrs | no data | no data | |
| Employee Representative Director | less than a year | no data | no data | |
| Deputy Chair of Board of Trustees | 3.3yrs | no data | no data | |
| Independent Director | 3.5yrs | NOK 228.00k | no data | |
| Independent Director | 2.1yrs | NOK 243.00k | no data | |
| Permanent attendee of Board of Trustees | no data | no data | no data |
2.1yrs
Average Tenure
61yo
Average Age
Experienced Board: SORO's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.