DNO Management

Management criteria checks 3/4

DNO's CEO is Chris Spencer, appointed in Jul 2021, has a tenure of 3.33 years. total yearly compensation is $1.17M, comprised of 50% salary and 50% bonuses, including company stock and options. directly owns 0.057% of the company’s shares, worth NOK5.96M. The average tenure of the management team and the board of directors is 5.8 years and 9.4 years respectively.

Key information

Chris Spencer

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage50.0%
CEO tenure3.3yrs
CEO ownership0.06%
Management average tenure5.8yrs
Board average tenure9.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chris Spencer's remuneration changed compared to DNO's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

US$1m

Mar 31 2024n/an/a

-US$52m

Dec 31 2023US$1mUS$583k

US$19m

Sep 30 2023n/an/a

US$57m

Jun 30 2023n/an/a

US$241m

Mar 31 2023n/an/a

US$332m

Dec 31 2022US$902kUS$579k

US$385m

Sep 30 2022n/an/a

US$407m

Jun 30 2022n/an/a

US$309m

Mar 31 2022n/an/a

US$293m

Dec 31 2021US$746kUS$577k

US$204m

Sep 30 2021n/an/a

US$79m

Jun 30 2021n/an/a

-US$75m

Mar 31 2021n/an/a

-US$195m

Dec 31 2020US$696kUS$476k

-US$286m

Sep 30 2020n/an/a

-US$175m

Jun 30 2020n/an/a

-US$149m

Mar 31 2020n/an/a

-US$17m

Dec 31 2019US$610kUS$469k

US$74m

Sep 30 2019n/an/a

US$253m

Jun 30 2019n/an/a

US$413m

Mar 31 2019n/an/a

US$387m

Dec 31 2018US$581kUS$441k

US$354m

Sep 30 2018n/an/a

US$155m

Jun 30 2018n/an/a

US$554m

Mar 31 2018n/an/a

US$499m

Dec 31 2017US$404kUS$255k

US$495m

Compensation vs Market: Chris's total compensation ($USD1.17M) is about average for companies of similar size in the UK market ($USD1.39M).

Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Chris Spencer

3.3yrs

Tenure

US$1,166,400

Compensation

Mr. Christopher Spencer, also known as Chris, serves as Chief Operating Officer at DNO ASA since July 12, 2021 and serves as its Managing Director since September 07, 2023. He served as Deputy Managing Dir...


Leadership Team

NamePositionTenureCompensationOwnership
Bijan Mossavar-Rahmani
Executive Chairman13.7yrsUS$1.33m12.89%
NOK 1.3b
Christopher Spencer
MD & COO3.3yrsUS$1.17m0.057%
NOK 6.0m
Haakon Sandborg
Chief Financial Officer23.8yrsUS$827.70k0.034%
NOK 3.6m
Geir Skau
Chief Human Resources & Corporate Services Officer5.8yrsUS$821.00k0.033%
NOK 3.4m
Sameh Hanna
General Manager of Kurdistan Region of Iraq2.3yrsUS$706.60kno data
Gudmund Hartveit
Manager of Corporate Development & IRno datano datano data
Jostein Løvås
Communication Managerno datano datano data
Kenneth Myhrvold
Chief Petroleum Engineer & Petroleum Technology Department Managerno datano datano data
Tonje Gormley
General Counsel of Middle East5.8yrsUS$563.90kno data
Linn Hoel
Chief Commercial Officerno datano datano data
Erlend Einum
Chief Business Development Officerno datano datano data

5.8yrs

Average Tenure

Experienced Management: DNOO's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bijan Mossavar-Rahmani
Executive Chairman13.7yrsUS$1.33m12.89%
NOK 1.3b
Gunnar Hirsti
Independent Deputy Chairman of the Board17yrsUS$95.40k0.036%
NOK 3.7m
Elin Karfjell
Independent Director9.4yrsUS$74.80k0.0034%
NOK 352.6k
Anita Marie Aarnaes
Director2.4yrsUS$74.80kno data
Najmedin Meshkati
Director1.4yrsUS$40.50kno data

9.4yrs

Average Tenure

71yo

Average Age

Experienced Board: DNOO's board of directors are considered experienced (9.4 years average tenure).