Strax Management
Management criteria checks 3/4
Strax's CEO is Gudmundur Palmason, appointed in May 2016, has a tenure of 7.92 years. total yearly compensation is €363.00K, comprised of 93.9% salary and 6.1% bonuses, including company stock and options. directly owns 26.04% of the company’s shares, worth SEK15.42M. The average tenure of the management team and the board of directors is 6.2 years and 8 years respectively.
Key information
Gudmundur Palmason
Chief executive officer
€363.0k
Total compensation
| CEO salary percentage | 93.9% |
| CEO tenure | 7.9yrs |
| CEO ownership | 26.0% |
| Management average tenure | 6.2yrs |
| Board average tenure | 8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -€48m |
| Sep 30 2023 | n/a | n/a | -€24m |
| Jun 30 2023 | n/a | n/a | -€17m |
| Mar 31 2023 | n/a | n/a | -€12m |
| Dec 31 2022 | €363k | €341k | -€11m |
| Sep 30 2022 | n/a | n/a | -€10m |
| Jun 30 2022 | n/a | n/a | -€2m |
| Mar 31 2022 | n/a | n/a | -€2m |
| Dec 31 2021 | €323k | €274k | -€2m |
| Sep 30 2021 | n/a | n/a | €2m |
| Jun 30 2021 | n/a | n/a | €2m |
| Mar 31 2021 | n/a | n/a | €1m |
| Dec 31 2020 | €281k | €248k | €669k |
| Sep 30 2020 | n/a | n/a | -€77k |
| Jun 30 2020 | n/a | n/a | -€2m |
| Mar 31 2020 | n/a | n/a | -€4m |
| Dec 31 2019 | €281k | €273k | -€2m |
| Sep 30 2019 | n/a | n/a | €15m |
| Jun 30 2019 | n/a | n/a | €14m |
| Mar 31 2019 | n/a | n/a | €17m |
| Dec 31 2018 | €331k | €242k | €17m |
| Sep 30 2018 | n/a | n/a | -€3m |
| Jun 30 2018 | n/a | n/a | -€241k |
| Mar 31 2018 | n/a | n/a | €2m |
| Dec 31 2017 | €268k | €264k | €2m |
Compensation vs Market: Gudmundur's total compensation ($USD388.61K) is about average for companies of similar size in the UK market ($USD346.09K).
Compensation vs Earnings: Gudmundur's compensation has increased whilst the company is unprofitable.
CEO
Gudmundur Palmason (55 yo)
7.9yrs
Tenure
€363,000
Compensation
Mr. Gudmundur Palmason serves as Chief Executive Officer at Strax AB (publ) since May 2016. He serves as Managing Director at Strax AB (publ) and has been its Executive Director since April 2016. Mr. Palma...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman | 8yrs | €278.00k | 24.65% SEK 14.6m | |
| CEO, MD & Executive Director | 7.9yrs | €363.00k | 26.04% SEK 15.4m | |
| Chief Financial Officer | 7.9yrs | no data | 0.065% SEK 38.5k | |
| Chief Operations Officer | 4.5yrs | no data | no data | |
| Head of European Distribution & Management of Procurist | 4.3yrs | no data | no data |
6.2yrs
Average Tenure
55yo
Average Age
Experienced Management: STRAXS's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman | 8yrs | €278.00k | 24.65% SEK 14.6m | |
| CEO, MD & Executive Director | 8yrs | €363.00k | 26.04% SEK 15.4m | |
| Independent Director | 24.3yrs | €20.00k | 5.26% SEK 3.1m |
8.0yrs
Average Tenure
55yo
Average Age
Experienced Board: STRAXS's board of directors are considered experienced (8 years average tenure).