B2 Impact Management

Management criteria checks 3/4

B2 Impact's CEO is Erik Johnsen, appointed in Aug 2019, has a tenure of 4.67 years. total yearly compensation is NOK7.62M, comprised of 57.4% salary and 42.6% bonuses, including company stock and options. directly owns 0.67% of the company’s shares, worth NOK21.19M. The average tenure of the management team and the board of directors is 4.5 years and 0.9 years respectively.

Key information

Erik Johnsen

Chief executive officer

kr7.6m

Total compensation

CEO salary percentage	57.4%
CEO tenure	4.7yrs
CEO ownership	0.7%
Management average tenure	4.5yrs
Board average tenure	less than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Erik Johnsen's remuneration changed compared to B2 Impact's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	kr363m
Sep 30 2023	n/a	n/a	kr360m
Jun 30 2023	n/a	n/a	kr459m
Mar 31 2023	n/a	n/a	kr321m
Dec 31 2022	kr8m	kr4m	kr326m
Sep 30 2022	n/a	n/a	kr385m
Jun 30 2022	n/a	n/a	kr404m
Mar 31 2022	n/a	n/a	kr539m
Dec 31 2021	kr8m	kr4m	kr573m
Sep 30 2021	n/a	n/a	kr576m
Jun 30 2021	n/a	n/a	kr542m
Mar 31 2021	n/a	n/a	kr415m
Dec 31 2020	kr7m	kr4m	kr309m
Sep 30 2020	n/a	n/a	kr276m
Jun 30 2020	n/a	n/a	kr329m
Mar 31 2020	n/a	n/a	kr25m
Dec 31 2019	kr4m	kr3m	kr107m
Sep 30 2019	n/a	n/a	kr173m
Jun 30 2019	n/a	n/a	kr151m
Mar 31 2019	n/a	n/a	kr603m
Dec 31 2018	kr4m	kr3m	kr649m
Sep 30 2018	n/a	n/a	kr649m
Jun 30 2018	n/a	n/a	kr604m
Mar 31 2018	n/a	n/a	kr529m
Dec 31 2017	kr4m	kr2m	kr482m

Compensation vs Market: Erik's total compensation ($USD691.01K) is about average for companies of similar size in the UK market ($USD760.97K).

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

CEO

Erik Johnsen (63 yo)

4.7yrs

Tenure

kr7,618,000

Compensation

Mr. Erik Just Johnsen has been Chief Executive Officer of B2 Impact ASA (formerly known as B2Holding ASA) since February 5, 2020 and served as its Chief Financial Officer since January 16, 2017 until Novem...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Erik Johnsen	Chief Executive Officer	4.7yrs	kr7.62m	0.67% NOK 21.2m
André Adolfsen	Chief Financial Officer	3.4yrs	kr5.01m	no data
Adam Parfiniewicz	Chief Operating Officer	no data	kr4.63m	0.0016% NOK 51.7k
Endre Solvin-Witzo	Chief Investment Officer	2.5yrs	kr5.25m	no data
Rasmus Hansson	Head of Commercial Strategy	no data	kr3.95m	no data
Jeremi Bobowski	Chief Risk	no data	kr4.22m	no data
Georgios Christoforou	Chief Master & Special Servicing Officer	4.5yrs	kr5.89m	no data
Maris Baidekalns	Chief Executive of Creditreform Latvija - Latvia	no data	no data	no data
Jon Smith	Chief Group Controller	no data	no data	no data
Irene Berge	Financial Controller	7.7yrs	no data	no data

4.5yrs

Average Tenure

52yo

Average Age

Experienced Management: 0RIT's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Adele Bugge Pran	Independent Director	5.9yrs	kr398.00k	0.024% NOK 774.9k
Ellen Hanetho	Independent Director	less than a year	no data	no data
Harald Thorstein	Independent Chair of the Board	3.9yrs	kr818.00k	0.098% NOK 3.1m
Anders Engdahl	Independent Director	less than a year	no data	no data
Henrik Wennerholm	Independent Director	less than a year	kr2.44m	no data
Ann Sparrfeldt	Independent Director	less than a year	no data	no data
Trond Andreassen	Independent Director	3.9yrs	kr398.00k	0.081% NOK 2.6m

0.9yrs

Average Tenure

51yo

Average Age

Experienced Board: 0RIT's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.

B2 Impact Management

Management criteria checks 3/4

Key information

Recent management updates

B2 Impact ASA Announces Management Changes

Independent Chair of the Board recently bought kr543k worth of stock

Independent Chair of the Board recently bought kr543k worth of stock

Chief Executive Officer recently bought kr373k worth of stock

B2Holding ASA, Annual General Meeting, May 25, 2023

High number of new and inexperienced directors

Recent updates

Dividend of kr0.70 announced

Investor sentiment improves as stock rises 18%

New minor risk - Earnings quality

B2 Impact ASA to Report Fiscal Year 2023 Final Results on Apr 30, 2024

Investor sentiment improves as stock rises 22%

B2 Impact ASA Announces Management Changes

Investor sentiment improves as stock rises 25%

Investor sentiment improves as stock rises 27%

Investor sentiment improves as stock rises 22%

New minor risk - Share price stability

Investor sentiment improves as stock rises 30%

Investor sentiment improves as stock rises 35%

Investor sentiment improves as stock rises 32%

Investor sentiment improves as stock rises 33%

Investor sentiment improves as stock rises 30%

Investor sentiment improves as stock rises 31%

B2Holding ASA (OB:B2H) agreed to acquire Portfolio of Non-performing Loans from Financiera El Corte Inglés E.F.C., S.A.

Investor sentiment improves as stock rises 35%

Independent Chair of the Board recently bought kr543k worth of stock

Independent Chair of the Board recently bought kr543k worth of stock

Investor sentiment improves as stock rises 24%

Investor sentiment improves as stock rises 22%

B2Holding ASA Approves Dividend for the Financial Year 2022

Investor sentiment improves as stock rises 22%

Upcoming dividend of kr0.20 per share at 2.7% yield

Investor sentiment improves as stock rises 22%

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 23%

Investor sentiment improves as stock rises 18%

Chief Executive Officer recently bought kr373k worth of stock

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 18%

B2Holding ASA Proposes Cash Dividend Payable on 5 June 2023

Investor sentiment improves as stock rises 17%

Investor sentiment improved over the past week

B2Holding ASA, Annual General Meeting, May 25, 2023

High number of new and inexperienced directors

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Insider recently sold kr1.3m worth of stock

An unknown buyer agreed to acquire Debt Collection Agency AD from B2Holding ASA (OB:B2H) for €48.4 million.

An unknown buyer agreed to acquire Debt Collection Agency AD from B2Holding ASA (OB:B2H) for €48.4 million.

Investor sentiment improved over the past week

B2Holding ASA Announces Executive Appointments

B2Holding ASA Announces Executive Appointments

Upcoming dividend of kr0.42 per share

High number of new directors

B2Holding ASA Proposes Dividend for 2021

Independent Director recently bought kr332k worth of stock

B2Holding ASA Proposes Dividend, Payable on 2 June 2022

Chief Executive Officer recently bought kr1.1m worth of stock

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Independent Director has left the company

B2holding ASA Approves Cash Dividend for the Year of 2020

B2Holding ASA Proposes Dividends for the Financial Year 2020

New 90-day high: kr7.79

New 90-day high: kr7.68

Investor sentiment improved over the past week

New 90-day high: kr7.54

B2Holding ASA to Report First Half, 2021 Results on Aug 25, 2021

Chief Executive Officer recently bought kr434k worth of stock

Chief Executive Officer recently bought kr434k worth of stock

B2Holding ASA Announces Appointment of André Adolfsen as CFO

Market bids up stock over the past week

New 90-day high: kr7.02

Board Member recently bought kr243k worth of stock

CEO & CFO recently bought kr614k worth of stock