Eolus Vind Management

Management criteria checks 3/4

Eolus Vind's CEO is Per Witalisson, appointed in Aug 2012, has a tenure of 11.75 years. total yearly compensation is SEK4.15M, comprised of 67.7% salary and 32.3% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth SEK5.69M. The average tenure of the management team and the board of directors is 1.7 years and 7.3 years respectively.

Key information

Per Witalisson

Chief executive officer

SEK 4.2m

Total compensation

CEO salary percentage	67.7%
CEO tenure	11.8yrs
CEO ownership	0.3%
Management average tenure	1.7yrs
Board average tenure	7.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Per Witalisson's remuneration changed compared to Eolus Vind's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	SEK 4m	SEK 3m	SEK 573m
Sep 30 2023	n/a	n/a	SEK 544m
Jun 30 2023	n/a	n/a	SEK 438m
Mar 31 2023	n/a	n/a	SEK 118m
Dec 31 2022	SEK 3m	SEK 3m	-SEK 5m
Sep 30 2022	n/a	n/a	-SEK 52m
Jun 30 2022	n/a	n/a	-SEK 37m
Mar 31 2022	n/a	n/a	-SEK 140m
Dec 31 2021	SEK 4m	SEK 3m	-SEK 19m
Sep 30 2021	n/a	n/a	SEK 137m
Jun 30 2021	n/a	n/a	SEK 171m
Mar 31 2021	n/a	n/a	SEK 195m
Dec 31 2020	SEK 3m	SEK 3m	SEK 149m
Aug 31 2020	n/a	n/a	SEK 168m
May 31 2020	n/a	n/a	SEK 216m
Feb 29 2020	n/a	n/a	SEK 211m
Nov 30 2019	n/a	n/a	SEK 174m
Aug 31 2019	SEK 3m	SEK 2m	SEK 133m
May 31 2019	n/a	n/a	SEK 208m
Feb 28 2019	n/a	n/a	SEK 191m
Nov 30 2018	n/a	n/a	SEK 188m
Aug 31 2018	SEK 2m	SEK 2m	SEK 194m
May 31 2018	n/a	n/a	SEK 52m
Feb 28 2018	n/a	n/a	SEK 51m
Nov 30 2017	n/a	n/a	SEK 37m
Aug 31 2017	SEK 2m	SEK 2m	SEK 25m

Compensation vs Market: Per's total compensation ($USD382.09K) is below average for companies of similar size in the UK market ($USD741.05K).

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

CEO

Per Witalisson (52 yo)

11.8yrs

Tenure

SEK 4,150,000

Compensation

Mr. Per Witalisson has been the Chief Executive Officer at Eolus Vind AB since August 21, 2012. Mr. Witalisson served as Deputy Chief Executive Officer until August 20, 2012. He holds Master of Business Ad...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Per Witalisson	Chief Executive Officer	11.8yrs	SEK 4.15m	0.29% SEK 5.7m
Magnus Axelsson	COO & Deputy CEO	1.7yrs	SEK 2.58m	0.0031% SEK 60.2k
Catharina Persson	Chief Financial Officer	11.3yrs	no data	0.031% SEK 602.6k
Karl Olsson	General Counsel	no data	no data	0.044% SEK 840.4k
Helene Sebren	Head of HR	1.7yrs	no data	0.0051% SEK 98.4k
Johan Hammarqvist	Head of Communications	no data	no data	no data
Thomas Andersson	Head of Constructions & Operations	no data	no data	no data
Karin Heydl	Head of Communication	2.2yrs	no data	0.010% SEK 198.6k
Inga Abolina	Head of Baltics	1.6yrs	no data	no data
Christer Baden Hansen	Chief Commercial Officer	1.3yrs	no data	0.049% SEK 936.4k

1.7yrs

Average Tenure

50yo

Average Age

Experienced Management: EOLUBS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Sigrun Hjelmquist	Independent Director	13.3yrs	SEK 240.00k	0.0040% SEK 77.4k
Jan Johansson	Independent Director	5.3yrs	SEK 240.00k	0.0080% SEK 155.0k
Hans Linnarson	Independent Director	7.3yrs	SEK 290.00k	0.010% SEK 193.8k
Hans-Goran Stennert	Chairman of the Board	16.3yrs	SEK 470.00k	3.96% SEK 76.5m
Marie Gronborg	Director	less than a year	SEK 230.00k	no data
Hans Johansson	Independent Director	8.3yrs	SEK 230.00k	0.92% SEK 17.8m
Bodil Jonsson	Independent Director	7.3yrs	SEK 270.00k	0.016% SEK 310.0k

7.3yrs

Average Tenure

64yo

Average Age

Experienced Board: EOLUBS's board of directors are considered experienced (7.3 years average tenure).

Eolus Vind Management

Management criteria checks 3/4

Key information

Recent management updates

Eolus Appoints Åsa Lamm as New Chief People & Culture Officer

Eolus Appoints Christer Baden Hansen as Chief Operating Officer and Deputy CEO, Effective 01 July 2024

Eolus Vind AB (publ) Announces Resignation of Helene Sebren as Head of HR, Effective Until 30 September 2024

Magnus Axelsson Decides to Leave Eolus Vind AB (Publ) as COO and Deputy CEO, Effective from June 30, 2024

Insufficient new directors

Eolus Vind AB (Publ) Announces Appointment of Election Committee

Recent updates

Eolus Appoints Åsa Lamm as New Chief People & Culture Officer

Eolus Appoints Christer Baden Hansen as Chief Operating Officer and Deputy CEO, Effective 01 July 2024

Eolus Vind AB (publ) Announces Resignation of Helene Sebren as Head of HR, Effective Until 30 September 2024

Magnus Axelsson Decides to Leave Eolus Vind AB (Publ) as COO and Deputy CEO, Effective from June 30, 2024

Eolus Vind AB (publ) to Report Fiscal Year 2023 Final Results on Mar 26, 2024

Full year 2023 earnings released: EPS: kr23.01 (vs kr0.20 loss in FY 2022)

Insufficient new directors

Eolus Vind AB (publ) Submits Application for the Najaderna Offshore Wind Project Outside Tierp

Eolus Vind AB (publ) (OM : EOLU B) acquired YIT Energy Oy from YIT Oyj (HLSE:YIT).

Eolus Vind AB (publ) (OM : EOLU B) agreed to acquire YIT Energy Oy for €25 million.

Eolus Vind AB (Publ) Announces Appointment of Election Committee

Eolus Vind AB (Publ) Provides Earnings Guidance for the Third Quarter

Eolus Vind AB (publ) to Report Fiscal Year 2024 Results on Feb 13, 2025

Eolus Vind AB (publ) to Report Q2, 2023 Results on Aug 25, 2023

Eolus Vind AB (publ) to Report Q2, 2023 Results on Aug 25, 2023

Eolus Vind AB (Publ) Announces Resignation of Michiel Messing, Head of Construction and Member of the Group Management

Insufficient new directors

Chief Executive Officer recently bought kr278k worth of stock

Insufficient new directors

Eolus Vind AB (publ) Approves Dividend for the Financial Year 2022, Payable on May 16, 2023

First quarter 2023 earnings released

Upcoming dividend of kr1.50 per share at 1.8% yield

Eolus Vind AB (publ) to Report Q1, 2023 Results on May 11, 2023

Insufficient new directors

Insufficient new directors

Insufficient new directors

Eolus Vind AB (Publ) Proposes Dividend for the Year 2022

Eolus Vind AB (publ) to Report Fiscal Year 2022 Results on Feb 16, 2023

Eolus Receives Research Permits for Two Offshore Wind Projects in Finland

Head of Communication recently bought kr101k worth of stock

Insufficient new directors

Eolus Appoints Christer Baden Hansen as Chief Commercial Officer and Member of the Group Management, Effective from on 1 February 2023

Insufficient new directors

Eolus Vind AB (Publ) Appoints Election Committee

Eolus Vind AB (publ) to Report Q3, 2022 Results on Nov 17, 2022

Eolus Appoints Inga Abolina as Head of Baltics

Insufficient new directors

Insufficient new directors

Eolus Announces Executive Changes, Effective September 1, 2022

Eolus Vind AB (publ) to Report Q2, 2022 Results on Aug 30, 2022

Insufficient new directors

Chief Executive Officer recently bought kr90k worth of stock

Insufficient new directors

First quarter 2022 earnings released: kr5.54 loss per share (vs kr0.68 loss in 1Q 2021)

Eolus Vind AB (publ) Approves Dividend for the Financial Year 2021

Eolus Vind AB (publ) to Report Q1, 2022 Results on May 18, 2022

MEAG MUNICH ERGO Asset Management GmbH signed an agreement to acquire a 75% stake in 260 MW wind power project Stor-Skälsjön in Sweden from Eolus Vind AB (publ) (OM:EOLU B) and Hydro REIN.

Eolus Vind AB (publ) Announces Composition of Nomination Committee

Full year 2021 earnings released: kr0.76 loss per share (vs kr5.96 profit in FY 2020)

Chairman of the Board recently bought kr858k worth of stock

Eolus Vind AB Appoints Karin Wittsell Heydl as Head of Communication, Sustainability and IT

Eolus Vind AB (Publ) Appoints Magnus Axelsson as Coo, Effective from September 1St, 2022

Deputy CEO & COO recently sold kr291k worth of stock

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

Eolus Vind AB (publ) Proposes Dividend for the Financial Year Ended December 31, 2021

Eolus Vind AB (publ) to Report Fiscal Year 2021 Results on Feb 18, 2022

Insufficient new directors

Eolus Vind AB Announces Resignation of Marcus Landelin Leaves as COO

Insufficient new directors

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released

Second quarter 2021 earnings released: kr0.061 loss per share (vs kr0.70 profit in 2Q 2020)

Eolus Vind AB (publ) (OM:EOLU B) and Hydro REIN signed an agreement to acquire Stor-Skälsjön Project from ENERCON GmbH on June 25, 2021.

Eolus Vind AB (publ) (OM:EOLU B) signed an agreement to acquire Two Fully Permitted Wind Power Projects in Sweden from RWE.

First quarter 2021 earnings released: kr0.67 loss per share (vs kr3.04 profit in 1Q 2020)

Cubico Sustainable Investments acquired 46.5-MW wind park in California from Eolus Vind AB (publ) (OM:EOLU B).

Eolus Vind AB (Publ) Proposes Dividend

Upcoming dividend of kr2.00 per share

Chief Executive Officer recently bought kr155k worth of stock