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PGS Management
Management criteria checks 4/4
PGS' CEO is Rune Pedersen, appointed in Sep 2017, has a tenure of 6.75 years. total yearly compensation is $1.53M, comprised of 37.3% salary and 62.7% bonuses, including company stock and options. directly owns 0.076% of the company’s shares, worth NOK6.02M. The average tenure of the management team and the board of directors is 5.4 years and 5.2 years respectively.
Key information
Rune Pedersen
Chief executive officer
US$1.5m
Total compensation
CEO salary percentage
37.33%
CEO tenure
6.8yrs
CEO ownership
0.08%
Management average tenure
5.4yrs
Board average tenure
5.2yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Rune Pedersen's remuneration changed compared to PGS's earnings?
Date
Total Compensation
Salary
Company Earnings
Mar 31 2024
n/a
n/a
US$42m
Dec 31 2023
US$2m
US$570k
-US$14m
Sep 30 2023
n/a
n/a
-US$80m
Jun 30 2023
n/a
n/a
-US$70m
Mar 31 2023
n/a
n/a
-US$42m
Dec 31 2022
US$1m
US$576k
-US$33m
Sep 30 2022
n/a
n/a
-US$81m
Jun 30 2022
n/a
n/a
-US$145m
Mar 31 2022
n/a
n/a
-US$189m
Dec 31 2021
US$805k
US$612k
-US$179m
Sep 30 2021
n/a
n/a
-US$186m
Jun 30 2021
n/a
n/a
-US$158m
Mar 31 2021
n/a
n/a
-US$243m
Dec 31 2020
US$742k
US$464k
-US$321m
Sep 30 2020
n/a
n/a
-US$250m
Jun 30 2020
n/a
n/a
-US$186m
Mar 31 2020
n/a
n/a
-US$124m
Dec 31 2019
US$937k
US$534k
-US$72m
Sep 30 2019
n/a
n/a
-US$106m
Jun 30 2019
n/a
n/a
-US$173m
Mar 31 2019
n/a
n/a
-US$113m
Dec 31 2018
US$828k
US$504k
-US$88m
Sep 30 2018
n/a
n/a
-US$259m
Jun 30 2018
n/a
n/a
-US$414m
Mar 31 2018
n/a
n/a
-US$457m
Dec 31 2017
US$571k
US$453k
-US$523m
Compensation vs Market: Rune's total compensation ($USD1.53M) is about average for companies of similar size in the UK market ($USD1.42M).
Compensation vs Earnings: Rune's compensation has been consistent with company performance over the past year.
CEO
Rune Pedersen (54 yo)
6.8yrs
Tenure
US$1,527,085
Compensation
Mr. Rune Olav Pedersen is Chairperson of Petroleum Geo-Services AS. Mr. Pedersen has been President and Chief Executive Officer of PGS ASA (formerly known as Petroleum Geo-Services ASA) since September 1,...
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Rune Pedersen
President & CEO
6.8yrs
US$1.53m
0.076% NOK 6.0m
Gottfred Langseth
CFO & Executive VP
20.4yrs
US$830.14k
0.14% NOK 10.8m
Robert Adams
Executive Vice President of Operations
4.4yrs
US$690.68k
0.0055% NOK 436.6k
Nathan Oliver
Executive Vice President of Sales & Services
5.4yrs
US$699.91k
0.0016% NOK 124.2k
Anette Valbo
Bid Manager & Employee Elected Director
no data
US$12.62k
0.00041% NOK 32.4k
Berit Osnes
Executive Vice President of New Energy
5.4yrs
US$546.37k
0.0083% NOK 652.5k
Eivind Versteras
Special Projects Manager of Operations Division & Employee Elected Director
no data
US$12.62k
0.011% NOK 899.2k
David Dakin
Chief Accounting Officer
no data
no data
no data
Erik Ewig
Senior Vice President of Technology & Digitalization
4.4yrs
no data
0.00077% NOK 60.9k
Bard Stenberg
Vice President of IR & Corporate Communication
no data
no data
0.0027% NOK 215.9k
Lars van der Bijl Mysen
General Counsel
no data
no data
0.021% NOK 1.7m
Kai Reith
Senior VP of Corporate Development
no data
no data
0.0082% NOK 646.9k
5.4yrs
Average Tenure
58yo
Average Age
Experienced Management: PGSO's management team is seasoned and experienced (5.4 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Anette Valbo
Bid Manager & Employee Elected Director
9.4yrs
US$12.62k
0.00041% NOK 32.4k
Eivind Versteras
Special Projects Manager of Operations Division & Employee Elected Director
3.4yrs
US$12.62k
0.011% NOK 899.2k
Anne Dalane
Independent Vice Chairperson
11.4yrs
US$77.06k
0.0076% NOK 605.0k
Richard Herbert
Independent Director
7.1yrs
US$70.79k
0.012% NOK 961.7k
Trond Brandsrud
Independent Director
5.2yrs
US$72.20k
0.012% NOK 911.9k
Walter Qvam
Independent Chairperson
11.4yrs
US$110.44k
0.014% NOK 1.1m
Ebrahim Attarzadeh
Independent Director
2.3yrs
US$77.88k
no data
Shona Grant
Independent Director
2.3yrs
US$67.88k
0.0079% NOK 621.6k
Emeliana Rice-Oxley
Director
1.2yrs
US$36.98k
no data
Carine Roalkvam
Director
no data
US$8.52k
0.00041% NOK 32.4k
5.2yrs
Average Tenure
66yo
Average Age
Experienced Board: PGSO's board of directors are considered experienced (5.2 years average tenure).
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2024/06/17 16:02
End of Day Share Price
2024/03/20 00:00
Earnings
2024/03/31
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.
* 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
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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
PGS ASA is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.