Sparebanken Vest Management

Management criteria checks 3/4

Sparebanken Vest's CEO is Jan Kjerpeseth, appointed in Oct 2013, has a tenure of 11.08 years. directly owns 0.17% of the company’s shares, worth NOK24.73M. The average tenure of the management team and the board of directors is 5.2 years and 7.7 years respectively.

Key information

Jan Kjerpeseth

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	11.1yrs
CEO ownership	0.2%
Management average tenure	5.2yrs
Board average tenure	7.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jan Kjerpeseth's remuneration changed compared to Sparebanken Vest's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 2b
Jun 30 2024	n/a	n/a	NOK 2b
Mar 31 2024	n/a	n/a	NOK 2b
Dec 31 2023	n/a	n/a	NOK 1b
Sep 30 2023	n/a	n/a	NOK 1b
Jun 30 2023	n/a	n/a	NOK 1b
Mar 31 2023	n/a	n/a	NOK 1b
Dec 31 2022	n/a	n/a	NOK 1b
Sep 30 2022	n/a	n/a	NOK 1b
Jun 30 2022	n/a	n/a	NOK 1b
Mar 31 2022	n/a	n/a	NOK 1b
Dec 31 2021	n/a	n/a	NOK 980m
Sep 30 2021	n/a	n/a	NOK 1b
Jun 30 2021	n/a	n/a	NOK 928m
Mar 31 2021	n/a	n/a	NOK 888m
Dec 31 2020	NOK 7m	NOK 4m	NOK 789m
Sep 30 2020	n/a	n/a	NOK 642m
Jun 30 2020	n/a	n/a	NOK 579m
Mar 31 2020	n/a	n/a	NOK 536m
Dec 31 2019	NOK 7m	NOK 4m	NOK 504m
Sep 30 2019	n/a	n/a	NOK 433m
Jun 30 2019	n/a	n/a	NOK 417m
Mar 31 2019	n/a	n/a	NOK 378m
Dec 31 2018	NOK 7m	NOK 4m	NOK 361m
Sep 30 2018	n/a	n/a	NOK 347m
Jun 30 2018	n/a	n/a	NOK 347m
Mar 31 2018	n/a	n/a	NOK 315m
Dec 31 2017	NOK 6m	NOK 4m	NOK 320m

Compensation vs Market: Insufficient data to establish whether Jan's total compensation is reasonable compared to companies of similar size in the UK market.

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

CEO

Jan Kjerpeseth (53 yo)

11.1yrs

Tenure

NOK 6,977,000

Compensation

Mr. Jan Erik Kjerpeseth serves as Executive Vice President at Sparebanken Vest since September 2021. He serves as the Chairman of Frende Holding AS. Mr. Kjerpeseth has been Chairman of the Board at Eviny A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jan Kjerpeseth	Executive VP	11.1yrs	NOK 6.98m	0.17% NOK 24.7m
Frank Johannesen	EVP of Finance & Corporate Governance and CFO	5.2yrs	NOK 3.74m	0.085% NOK 12.3m
Terje Mjelde	Head of Management Accounting	no data	no data	no data
Siren Sundland	Executive Vice President of Technology & Business Processes	less than a year	NOK 3.25m	0.080% NOK 11.7m
Lars Breivik	Chief Information Officer & Head of Communication	14.7yrs	no data	no data
Brede Kristiansen	Director of Finance & Investor Relations	no data	no data	0.0060% NOK 872.1k
Monica Døsvig	Head of Legal	no data	no data	no data
Henrik Tønnessen	Compliance Officer	no data	no data	no data
Ingrid Paasche	Marketing Manager	no data	no data	no data
Jan-Stale Hatlebakk	Executive VP	5.2yrs	NOK 2.56m	0.036% NOK 5.2m
Simen Aarskog	Executive VP & Head of Retail Market South	4.7yrs	NOK 2.07m	0.013% NOK 1.8m
Therese Arentsen	Executive Vice President of Corporate Services	less than a year	no data	0.015% NOK 2.1m

5.2yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 0G67's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Magne Morken	Independent Deputy Chairman	7.7yrs	NOK 417.35k	0.0091% NOK 1.3m
Arild Bodal	Independent Chairman of the Board	13.6yrs	NOK 734.40k	0.065% NOK 9.4m
Kristin Axelsen	Employee Representative Board Member	11.6yrs	NOK 270.35k	0.010% NOK 1.5m
Mariann Reite	Director	less than a year	no data	no data
Borghild Ones	Chair of Supervisory Board	9.8yrs	no data	no data
Gunnar Skeie	Director	8.7yrs	NOK 384.35k	0.010% NOK 1.5m
Stig Taule	Employee Representative Board Member	no data	NOK 256.25k	0.0092% NOK 1.3m
Marianne Dorthea Jacobsen	Independent Director	7.7yrs	NOK 361.50k	0.0011% NOK 164.3k
Agnethe Brekke	Independent Director	2yrs	NOK 377.25k	0.00058% NOK 84.3k
Christine Helgo	Independent Director	4.7yrs	NOK 374.75k	no data
Line Jacobsen	Senior Advisor to the CEO	no data	no data	no data
Gunn-Helen Gripsgard	Employee Representative Board Member	less than a year	no data	0.0017% NOK 242.7k

7.7yrs

Average Tenure

57yo

Average Age

Experienced Board: 0G67's board of directors are considered experienced (7.7 years average tenure).

Sparebanken Vest Management

Management criteria checks 3/4

Key information

Recent management updates

Sparebanken Vest, Annual General Meeting, Mar 27, 2025

Less than half of directors are independent

Frendegruppen Announces Board Changes

Independent Deputy Chairman recently bought kr63k worth of stock

Less than half of directors are independent

Sparebanken Vest Appoints Jostein Lid as Nomination Committee Member

Recent updates

Third quarter 2024 earnings released: EPS: kr4.45 (vs kr3.18 in 3Q 2023)

Sparebanken Vest, Annual General Meeting, Mar 27, 2025

Sparebanken Vest to Report Q4, 2024 Results on Feb 07, 2025

Sparebanken Vest (OB:SVEG) agreed to acquire Sparebanken Sør (OB:SOR).

Second quarter 2024 earnings released: EPS: kr3.93 (vs kr2.85 in 2Q 2023)

Full year 2023 earnings released: EPS: kr12.75 (vs kr10.28 in FY 2022)

Less than half of directors are independent

Upcoming dividend of kr7.50 per share

Full year 2023 earnings released

Final dividend of kr7.50 announced

Frendegruppen Announces Board Changes

Third quarter 2023 earnings released: EPS: kr3.18 (vs kr3.11 in 3Q 2022)

Upcoming dividend of kr3.00 per share at 5.1% yield

Sparebanken Vest Proposes Additional Profit Distribution for the Accounting Year 2022, Payable on or Around 1 November 2023

Second quarter 2023 earnings released: EPS: kr2.84 (vs kr2.07 in 2Q 2022)

Upcoming dividend of kr5.50 per share at 5.9% yield

Full year 2022 earnings released

Sparebanken Vest Proposes Dividend for the Financial Year 2022

Sparebanken Vest to Report Fiscal Year 2022 Final Results on Mar 31, 2023

Sparebanken Vest (OB:SVEG) completed the acquisition of Etne Sparebank.

Independent Deputy Chairman recently bought kr63k worth of stock

Less than half of directors are independent

Now 21% undervalued after recent price drop

Third quarter 2022 earnings released

Sparebanken Vest Appoints Jostein Lid as Nomination Committee Member

Sparebanken Vest, Annual General Meeting, Mar 22, 2023

Now 20% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: kr2.07 (vs kr2.17 in 2Q 2021)

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

First quarter 2022 earnings released: EPS: kr2.77 (vs kr2.05 in 1Q 2021)

Less than half of directors are independent

Less than half of directors are independent

Full year 2021 earnings released: EPS: kr9.16 (vs kr7.36 in FY 2020)

Upcoming dividend of kr4.50 per share

Sparebanken Vest (OB:SVEG) entered into an agreement to acquire Etne Sparebank

Full year 2021 earnings: Revenues exceed analyst expectations

Sparebanken Vest Proposes Dividend for the Year 2021

Third quarter 2021 earnings released: EPS kr2.31 (vs kr1.58 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr2.17 (vs kr1.79 in 2Q 2020)

High number of new directors

Independent Director recently bought kr62k worth of stock

First quarter 2021 earnings released

Full year 2020 earnings released: EPS kr7.36 (vs kr7.46 in FY 2019)

Investor sentiment deteriorated over the past week

Market pulls back on stock over the past week

Sparebanken Vest to Report Q1, 2021 Results on May 06, 2021

Market pulls back on stock over the past week

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age