OX2 Management

Management criteria checks 4/4

OX2's CEO is Paul Stormoen, appointed in Jan 2011, has a tenure of 13.42 years. total yearly compensation is SEK7.07M, comprised of 43.8% salary and 56.2% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth SEK47.11M. The average tenure of the management team and the board of directors is 4.4 years and 5.4 years respectively.

Key information

Paul Stormoen

Chief executive officer

kr7.1m

Total compensation

CEO salary percentage	43.8%
CEO tenure	13.4yrs
CEO ownership	0.3%
Management average tenure	4.4yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paul Stormoen's remuneration changed compared to OX2's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr881m
Dec 31 2023	kr7m	kr3m	kr1b
Sep 30 2023	n/a	n/a	kr1b
Jun 30 2023	n/a	n/a	kr1b
Mar 31 2023	n/a	n/a	kr1b
Dec 31 2022	kr7m	kr3m	kr1b
Sep 30 2022	n/a	n/a	kr696m
Jun 30 2022	n/a	n/a	kr667m
Mar 31 2022	n/a	n/a	kr397m
Dec 31 2021	kr4m	kr3m	kr334m
Sep 30 2021	n/a	n/a	kr170m
Jun 30 2021	n/a	n/a	kr287m
Mar 31 2021	n/a	n/a	kr250m
Dec 31 2020	kr4m	kr3m	kr298m

Compensation vs Market: Paul's total compensation ($USD671.78K) is below average for companies of similar size in the UK market ($USD2.20M).

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

CEO

Paul Stormoen (43 yo)

13.4yrs

Tenure

kr7,070,000

Compensation

Mr. Paul Stormoen serves as the Chief Executive Officer of OX2 AB (publ). Mr. Stormoen is Chief Executive Officer of Wind and Managing Director of Wind Power Development at Peas Industries AB (formerly kno...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paul Stormoen	Chief Executive Officer	13.4yrs	kr7.07m	0.29% SEK 47.1m
Johan Rydmark	Chief Financial Officer	5.4yrs	no data	0.19% SEK 30.2m
Mikael Landberg	COO & Chief People Officer	less than a year	no data	no data
Katarina Grönwall	Chief Sustainability & Communications Officer	2.4yrs	no data	0.0022% SEK 358.9k
Christoffer Brandorf	Head of Transactions	4.4yrs	no data	0.23% SEK 37.7m
Peter Tornberg	Chief Commercial Officer	1.4yrs	no data	0.35% SEK 56.5m
Mehmet Energin	Chief Strategy Officer	5.4yrs	no data	0.44% SEK 71.4m
Emelie Zakrisson	Head of Offshore Wind - Sweden	no data	no data	no data
Rebecca Karlsson	Head of Sustainability	no data	no data	no data
Morten Langsholdt	Head of Power-to-X	no data	no data	no data

4.4yrs

Average Tenure

44yo

Average Age

Experienced Management: OX2S's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Johan Ihrfelt	Chairman	18.4yrs	kr554.00k	0% SEK 0
Thomas von Otter	Director	19.4yrs	kr425.00k	no data
Birgit Anna-Karin Celsing	Director	5.4yrs	kr441.00k	0.073% SEK 11.8m
Malin Persson	Independent Director	3.4yrs	kr370.00k	0.0015% SEK 248.5k
Ann Grevelius	Independent Director	3.4yrs	kr306.00k	0.00092% SEK 149.4k
Niklas Midby	Independent Director	5.4yrs	kr357.00k	0.078% SEK 12.7m

5.4yrs

Average Tenure

58yo

Average Age

Experienced Board: OX2S's board of directors are considered experienced (5.4 years average tenure).

OX2 Management

Management criteria checks 4/4

Key information

Recent management updates

Insufficient new directors

OX2 AB (publ) Announces Board Appointments

OX2 AB (publ), Annual General Meeting, May 14, 2024

OX2 AB (publ) Announces Resignation of Jan Frykhammar as Board of Director and Member of Audit Committee

Petter Samlin Do Not Stand for Re-Election as Director of OX2 AB (publ)

Director recently sold kr1.7m worth of stock

Recent updates

Insufficient new directors

Flower Technologies AB agreed to acquire 42.5 MW energy storage facility in Bredhälla from OX2 AB (publ) (OM:OX2).

OX2 AB (publ) to Report Fiscal Year 2023 Results on Apr 09, 2024

OX2 AB (publ) Updates Earnings Guidance for the Fiscal Year 2023

Afcon Renewable Energy Ltd agreed to acquire solar projects of 82 MW in Andalusia and Castilla la Mancha from OX2 AB (publ) (OM:OX2) .

OX2 AB (publ) Announces Board Appointments

OX2 AB (publ), Annual General Meeting, May 14, 2024

Second quarter 2023 earnings released: EPS: kr0.92 (vs kr1.12 in 2Q 2022)

OX2 AB (publ) Announces Resignation of Jan Frykhammar as Board of Director and Member of Audit Committee

Petter Samlin Do Not Stand for Re-Election as Director of OX2 AB (publ)

Ingka Investments agreed to acquire three offshore wind projects in Finland from OX2 AB (publ) (OM:OX2).

OX2 AB (publ) (OM:OX2) completed the acquisition of ESCO Pacific Pty Ltd from The Shell Petroleum Company Limited, Steve Rademaker and private investors.

First quarter 2023 earnings released: EPS: kr0.36 (vs kr0.41 in 1Q 2022)

Full year 2022 earnings released: EPS: kr4.01 (vs kr1.28 in FY 2021)

Director recently sold kr1.7m worth of stock

OX2 AB (publ) (OM:OX2) entered into an agreement to acquire 152 MW solar power portfolio in Andalusia from UAB Green Genius.

OX2 AB (publ) to Report Q1, 2023 Results on Apr 28, 2023

OX2 AB (publ), Annual General Meeting, May 16, 2023

Helen Oy and Ålandsbanken Abp (HLSE:ALBAV) agreed to acquire Niinimäki wind farm in Finland from OX2 AB (publ) (OM:OX2).

OX2 AB (Publ) Re-Iterates Earnings Guidance for the Year of 2022

Third quarter 2022 earnings released: EPS: kr0.16 (vs kr0.055 in 3Q 2021)

Investor sentiment deteriorated over the past week

Ingka Investments agreed to acquire 49% stake in Three offshore wind development projects in Sweden from OX2 AB (publ) (OM:OX2) for €58 million.

OX2 AB (publ) Updates Earnings Guidance for the Second Half and Full Year of 2022

OX2 AB Appoints Kristina Wright as Chief Operating Officer, Effective November 1, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age