AutoStore Holdings Management

Management criteria checks 3/4

AutoStore Holdings' CEO is Mats Hovland Vikse, appointed in Jan 2023, has a tenure of 1.67 years. total yearly compensation is $620.00K, comprised of 93.5% salary and 6.5% bonuses, including company stock and options. directly owns 0.057% of the company’s shares, worth NOK19.12M. The average tenure of the management team and the board of directors is 2.3 years and 2.9 years respectively.

Key information

Mats Hovland Vikse

Chief executive officer

US$620.0k

Total compensation

CEO salary percentage	93.5%
CEO tenure	1.7yrs
CEO ownership	0.06%
Management average tenure	2.3yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mats Hovland Vikse's remuneration changed compared to AutoStore Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$161m
Mar 31 2024	n/a	n/a	-US$32m
Dec 31 2023	US$620k	US$580k	-US$33m
Sep 30 2023	n/a	n/a	-US$46m
Jun 30 2023	n/a	n/a	-US$88m
Mar 31 2023	n/a	n/a	US$98m
Dec 31 2022	US$270k	US$220k	US$100m
Sep 30 2022	n/a	n/a	US$76m
Jun 30 2022	n/a	n/a	US$27m
Mar 31 2022	n/a	n/a	-US$13m
Dec 31 2021	US$300k	US$240k	-US$50m
Sep 30 2021	n/a	n/a	-US$17m
Dec 31 2020	US$190k	US$160k	-US$21m

Compensation vs Market: Mats's total compensation ($USD620.00K) is below average for companies of similar size in the UK market ($USD2.64M).

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

CEO

Mats Hovland Vikse

1.7yrs

Tenure

US$620,000

Compensation

Mr. Mats Hovland Vikse was the Chief Revenue Officer at AutoStore Holdings Ltd. since July 2021 until January 01, 2023 and serves as its Chief Executive Officer since January 01, 2023 and is its Chief Reve...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mats Hovland Vikse	CEO & Chief Revenue Officer	1.7yrs	US$620.00k	0.057% $ 19.1m
Paul Harrison	Chief Financial Officer	less than a year	US$777.65k	no data
Israel Salvador	Chief Operating Officer	2.3yrs	US$330.00k	0.00079% $ 264.5k
Anette Matre	Chief People & Information Officer	3.2yrs	US$250.00k	0.040% $ 13.5m
Jenny Hovda	General Counsel	2.7yrs	US$310.00k	0.0018% $ 616.2k
Carlos Fernandez	Chief Solutions Officer	4.3yrs	US$300.00k	0.079% $ 26.6m
Gro Klungtveit	Chief Accounting Officer	no data	US$170.00k	no data
Hiva Flaskjer	Vice President of Investor Relations	no data	no data	no data
Hansine Lyngoy	Vice President of Communications	no data	no data	no data
Helge Olsen	Chief Sales Officer	no data	US$230.00k	no data
Agnethe Erland	Vice President of Sustainability	no data	no data	no data
Parth Joshi	Chief Product Officer	less than a year	no data	no data

2.3yrs

Average Tenure

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Kjersti Wiklund	Independent Director	less than a year	no data	no data
Viveka Ekberg	Independent Board Member	2.9yrs	US$60.00k	0.0075% $ 2.5m
James Carlisle	Independent Co-Chairman	2.9yrs	no data	no data
Michael Kaczmarek	Independent Board Member	2.9yrs	no data	no data
Hege Skryseth	Independent Board Member	2.9yrs	US$50.00k	0.00043% $ 144.0k
Sumer Juneja	Board Member	1.4yrs	no data	no data
Vikas Parekh	Independent Co-Chair	1.4yrs	no data	no data
Andreas Hansson	Independent Board Member	2.9yrs	no data	0.0060% $ 2.0m

2.9yrs

Average Tenure

52.5yo

Average Age

Experienced Board: AUTOO's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

AutoStore Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new and inexperienced directors

AutoStore Holdings Ltd. Announces the Resignation of Edzard Overbeek as Board Member

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Recent updates

AutoStore Introduces New Grid Capabilities, Including the Multi- Temperature Solution

High number of new and inexperienced directors

AutoStore Holdings Ltd. Announces the Resignation of Edzard Overbeek as Board Member

Less than half of directors are independent

Now 21% overvalued after recent price rise

Less than half of directors are independent

AutoStore Holdings Ltd. has filed a Follow-on Equity Offering.

AutoStore Holdings Ltd. has filed a Follow-on Equity Offering.

Less than half of directors are independent

Less than half of directors are independent

Board Member recently bought kr3.3m worth of stock

AutoStore Holdings Ltd. Updates Revenue Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$0.016 (vs US$0.004 in 3Q 2022)

Autostore Holdings Ltd. Appoints Kjersti Wiklund to the Board

Less than half of directors are independent

AutoStore Launches New R5 Pro Robot

AutoStore Holdings Ltd. to Report Q4, 2023 Results on Feb 15, 2024

AutoStore Holdings Ltd. to Report First Half, 2024 Results on Aug 15, 2024

Less than half of directors are independent

AutoStore Holdings Ltd. Names Paul Harrison as Chief Financial Officer, Effective October 30, 2023

Second quarter 2023 earnings released: US$0.044 loss per share (vs US$0.011 profit in 2Q 2022)

AutoStore Holdings Ltd. Reaffirms Revenue Guidance for the Full Year 2023

Less than half of directors are independent

Less than half of directors are independent

Ocado and Autostore Settle All Litigation

Less than half of directors are independent

Independent Board Member recently bought kr4.4m worth of stock

Now 20% undervalued after recent price drop

Chief Financial Officer recently sold kr38m worth of stock

First quarter 2023 earnings released: EPS: US$0.006 (vs US$0.006 in 1Q 2022)

Now 24% undervalued

Less than half of directors are independent

Less than half of directors are independent

Full year 2022 earnings released: EPS: US$0.03 (vs US$0.015 loss in FY 2021)

AutoStore Holdings Ltd. Provides Revenue Guidance for the Full Year 2023

Autostore Launches Pay-Per-Pick Service Option to Address Fast-Growing Demand for Fulfillment Automation

AutoStore Launches Pio to Make Best-in-Class Warehouse Automation Available to the SMB Market

Now 27% undervalued

AutoStore Holdings Ltd. to Report Q3, 2023 Results on Nov 09, 2023

AutoStore Holdings Ltd. Announces Resignation of Bent Skisaker as Chief Financial Officer

Now 25% undervalued

AutoStore Holdings Ltd. Announces CEO Changes

Third quarter 2022 earnings released: EPS: US$0.004 (vs US$0.011 loss in 3Q 2021)

Less than half of directors are independent

AutoStore Introduces a New Tool that Utilizes Data to Make Warehousing More Efficient

Autostore Launches Its Latest Innovation, the Pickupport

Now 23% undervalued

AutoStore Holdings Ltd Announces Resignation of Board Members

Now 23% undervalued after recent price drop

Now 20% undervalued after recent price drop

Independent Board Member recently bought kr588k worth of stock

Second quarter 2022 earnings released: EPS: US$0.011 (vs US$0.011 loss in 2Q 2021)

AutoStore Holdings Ltd. Provides Revenue Guidance for the Full Year 2022 and 2023

Independent Board Member recently bought kr1.9m worth of stock

AutoStore Holdings Ltd. Announces Election of Members to the Nomination Committee

Autostore Holdings Ltd. Reaffirms Revenue Guidance for the Year 2022

Full year 2021 earnings released: US$0.015 loss per share (vs US$0.007 loss in FY 2020)

No independent directors

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

AutoStore Holdings Ltd. Raises Revenue Guidance for the Year 2022

Second German Court Stays Ocado Case Against AutoStore Holdings Ltd

Now 31% undervalued

AutoStore Unveils R5+ Robot, Expanding Its Bin-Handling Capabilities to Meet the Needs of Rapidly Evolving Warehouses

No independent directors

Forecast breakeven date pushed back to 2022

CEO Compensation Analysis

CEO

Tenure

Compensation