BlueNord Management
Management criteria checks 2/4
BlueNord's CEO is Euan Shirlaw, appointed in Nov 2021, has a tenure of 2.17 years. total yearly compensation is $3.28M, comprised of 14.3% salary and 85.7% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth NOK1.96M. The average tenure of the management team and the board of directors is 1.7 years and 4.3 years respectively.
Key information
Euan Shirlaw
Chief executive officer
US$3.3m
Total compensation
| CEO salary percentage | 14.3% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.02% |
| Management average tenure | 1.7yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | US$130m |
| Jun 30 2023 | n/a | n/a | US$125m |
| Mar 31 2023 | n/a | n/a | US$56m |
| Dec 31 2022 | US$3m | US$470k | -US$30m |
| Sep 30 2022 | n/a | n/a | -US$134m |
| Jun 30 2022 | n/a | n/a | -US$119m |
| Mar 31 2022 | n/a | n/a | -US$89m |
| Dec 31 2021 | US$699k | US$376k | -US$53m |
| Sep 30 2021 | n/a | n/a | -US$9m |
| Jun 30 2021 | n/a | n/a | -US$15m |
| Mar 31 2021 | n/a | n/a | US$32m |
| Dec 31 2020 | US$574k | US$308k | US$17m |
| Sep 30 2020 | n/a | n/a | US$52m |
| Jun 30 2020 | n/a | n/a | US$226m |
| Mar 31 2020 | n/a | n/a | US$195m |
| Dec 31 2019 | US$515k | US$77k | US$215m |
Compensation vs Market: Euan's total compensation ($USD3.28M) is above average for companies of similar size in the UK market ($USD2.08M).
Compensation vs Earnings: Euan's compensation has been consistent with company performance over the past year.
CEO
Euan Shirlaw
2.2yrs
Tenure
US$3,282,000
Compensation
Mr. Euan Shirlaw served as Chief Financial Officer of BlueNord ASA (formerly known as Norwegian Energy Company ASA) since October 1, 2019 and serves as its Chief Executive Officer since May 12, 2022 and ha...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.8yrs | US$500.00k | 0.77% NOK 98.3m | |
| Chief Executive Officer | 2.2yrs | US$3.28m | 0.015% NOK 2.0m | |
| Chief Financial Officer | no data | US$274.10k | 0.0021% NOK 270.7k | |
| Chief Operating Officer | 1.7yrs | US$2.27m | 0.016% NOK 2.1m | |
| Chief Corporate Affairs Officer | less than a year | US$1.50m | 0.016% NOK 2.1m |
1.7yrs
Average Tenure
Experienced Management: BNORO's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.8yrs | US$500.00k | 0.77% NOK 98.3m | |
| Director | 3.8yrs | US$64.00k | no data | |
| Director | 7.7yrs | US$71.00k | 0.027% NOK 3.4m | |
| Director | 2.7yrs | US$64.00k | no data | |
| Director | 7.7yrs | US$64.00k | 0.019% NOK 2.5m | |
| Director | 4.3yrs | US$64.00k | no data | |
| Director | 2.7yrs | no data | no data |
4.3yrs
Average Tenure
59.5yo
Average Age
Experienced Board: BNORO's board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/01/24 03:08 |
| End of Day Share Price | 2023/10/27 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
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 |
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* 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.
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 Github.
Analyst Sources
BlueNord ASA is covered by 15 analysts. 3 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 |
|---|---|
| null null | ABG Sundal Collier |
| Anna-Karin Hempel | Arctic Securities ASA |
| Morten Lindbäck | Beringer Finance AB |