North Energy Management
Management criteria checks 3/4
North Energy's CEO is Rachid Bendriss, appointed in Jan 2022, has a tenure of 2.17 years. total yearly compensation is NOK3.16M, comprised of 96.3% salary and 3.7% bonuses, including company stock and options. directly owns 10.64% of the company’s shares, worth NOK28.68M. The average tenure of the management team and the board of directors is 2.2 years and 10.1 years respectively.
Key information
Rachid Bendriss
Chief executive officer
NOK 3.2m
Total compensation
| CEO salary percentage | 96.3% |
| CEO tenure | 2.2yrs |
| CEO ownership | 10.6% |
| Management average tenure | 2.2yrs |
| Board average tenure | 10.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | NOK 25m |
| Sep 30 2023 | n/a | n/a | NOK 21m |
| Jun 30 2023 | n/a | n/a | NOK 23m |
| Mar 31 2023 | n/a | n/a | NOK 7m |
| Dec 31 2022 | NOK 3m | NOK 3m | -NOK 13m |
Compensation vs Market: Rachid's total compensation ($USD300.37K) is about average for companies of similar size in the UK market ($USD347.39K).
Compensation vs Earnings: Insufficient data to compare Rachid's compensation with company performance.
CEO
Rachid Bendriss (54 yo)
2.2yrs
Tenure
NOK 3,160,000
Compensation
Mr. Rachid Bendriss serves as Chairperson of Reach Subsea ASA since May 26, 2020. He has been Co-Chief Executive Officer at North Energy ASA since January 1, 2022. Mr. Bendriss was an advisor to the Board...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Chief Executive Officer | 2.2yrs | NOK 3.16m | 10.64% NOK 28.7m | |
| Co-Chief Executive Officer | 2.2yrs | NOK 3.16m | 0.24% NOK 655.5k | |
| Chief Financial Officer | 9.2yrs | NOK 1.62m | no data |
2.2yrs
Average Tenure
Experienced Management: 0MD9's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 10.1yrs | NOK 500.00k | 40.98% NOK 110.5m | |
| Independent Director | 10.1yrs | NOK 250.00k | 1.23% NOK 3.3m | |
| Independent Director | 9.9yrs | NOK 250.00k | 0.35% NOK 937.7k |
10.1yrs
Average Tenure
62yo
Average Age
Experienced Board: 0MD9's board of directors are seasoned and experienced ( 10.1 years average tenure).