Mips Management
Management criteria checks 4/4
Mips' CEO is Max Strandwitz, appointed in May 2019, has a tenure of 5.67 years. total yearly compensation is SEK6.19M, comprised of 71.2% salary and 28.8% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth SEK36.67M. The average tenure of the management team and the board of directors is 4.3 years and 5.3 years respectively.
Key information
Max Strandwitz
Chief executive officer
SEK 6.2m
Total compensation
| CEO salary percentage | 71.2% |
| CEO tenure | 5.7yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4.3yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | SEK 104m |
| Jun 30 2024 | n/a | n/a | SEK 82m |
| Mar 31 2024 | n/a | n/a | SEK 62m |
| Dec 31 2023 | SEK 6m | SEK 4m | SEK 64m |
| Sep 30 2023 | n/a | n/a | SEK 67m |
| Jun 30 2023 | n/a | n/a | SEK 82m |
| Mar 31 2023 | n/a | n/a | SEK 141m |
| Dec 31 2022 | SEK 7m | SEK 4m | SEK 175m |
| Sep 30 2022 | n/a | n/a | SEK 235m |
| Jun 30 2022 | n/a | n/a | SEK 295m |
| Mar 31 2022 | n/a | n/a | SEK 271m |
| Dec 31 2021 | SEK 8m | SEK 4m | SEK 255m |
| Sep 30 2021 | n/a | n/a | SEK 235m |
| Jun 30 2021 | n/a | n/a | SEK 188m |
| Mar 31 2021 | n/a | n/a | SEK 149m |
| Dec 31 2020 | SEK 4m | SEK 3m | SEK 129m |
| Sep 30 2020 | n/a | n/a | SEK 100m |
| Jun 30 2020 | n/a | n/a | SEK 74m |
| Mar 31 2020 | n/a | n/a | SEK 87m |
| Dec 31 2019 | SEK 5m | SEK 2m | SEK 85m |
Compensation vs Market: Max's total compensation ($USD554.38K) is below average for companies of similar size in the UK market ($USD1.47M).
Compensation vs Earnings: Max's compensation has been consistent with company performance over the past year.
CEO
Max Strandwitz (49 yo)
5.7yrs
Tenure
SEK 6,185,000
Compensation
Mr. Max Strandwitz has been Chief Executive Officer of MIPS AB (publ) since May 10, 2019 and also serves as its President. Mr. Strandwitz served as Chief Financial Officer of Operations at Cloetta AB and F...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 5.7yrs | SEK 6.19m | 0.29% SEK 36.7m | |
| Chief Financial Officer | 4.3yrs | no data | 0.0011% SEK 132.0k | |
| Chief Operating Officer | 2yrs | no data | no data | |
| Vice President of Brand & Marketing | less than a year | no data | no data | |
| Advisor | 5.7yrs | SEK 5.69m | no data |
4.3yrs
Average Tenure
48yo
Average Age
Experienced Management: 0RNQ's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2.7yrs | SEK 355.00k | 0.0011% SEK 140.7k | |
| Independent Director | 7yrs | SEK 410.00k | 0.0060% SEK 752.0k | |
| Independent Chairman of the Board | 9yrs | SEK 683.00k | 0.19% SEK 23.7m | |
| Independent Board Member | 13yrs | SEK 312.00k | 0.13% SEK 15.7m | |
| Independent Director | 2.7yrs | SEK 282.00k | 0.0023% SEK 281.4k | |
| Independent Director | 3.7yrs | SEK 282.00k | 0.023% SEK 2.8m |
5.3yrs
Average Tenure
57yo
Average Age
Experienced Board: 0RNQ's board of directors are considered experienced (5.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 12:56 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mips AB (publ) is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Thorsson | ABG Sundal Collier |
| Karl Vikström | Berenberg |
| Emanuel Jansson | Danske Bank |