SBM Offshore Management
Management criteria checks 3/4
SBM Offshore's CEO is Oivind Tangen, appointed in Apr 2022, has a tenure of 2.08 years. total yearly compensation is $2.40M, comprised of 23.8% salary and 76.2% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth €3.37M. The average tenure of the management team and the board of directors is 2.2 years and 2.6 years respectively.
Key information
Oivind Tangen
Chief executive officer
US$2.4m
Total compensation
| CEO salary percentage | 23.8% |
| CEO tenure | 2.1yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.2yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$572k | US$491m |
| Sep 30 2023 | n/a | n/a | US$412m |
| Jun 30 2023 | n/a | n/a | US$333m |
| Mar 31 2023 | n/a | n/a | US$392m |
| Dec 31 2022 | US$2m | US$597k | US$450m |
Compensation vs Market: Oivind's total compensation ($USD2.40M) is about average for companies of similar size in the UK market ($USD2.55M).
Compensation vs Earnings: Oivind's compensation has been consistent with company performance over the past year.
CEO
Oivind Tangen (50 yo)
2.1yrs
Tenure
US$2,401,192
Compensation
Mr. Oivind Tangen serves as Member of Management Board of SBM Offshore N.V. since April 6, 2022 and served as its Chief Operating Officer since April 6, 2022 until 2024 and serves as its CEO & Chairman of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chair of the Management Board | 2.1yrs | US$2.40m | 0.13% $ 3.4m | |
| CFO & Member of Management Board | 7.5yrs | US$2.39m | 0.19% $ 4.9m | |
| Chief Operating Officer | less than a year | no data | no data | |
| Group Treasurer & Investor Relations | no data | no data | no data | |
| Group General Counsel & Chief Compliance Officer | 1.3yrs | no data | no data | |
| Group Communications Director | no data | no data | no data | |
| Sales & Marketing Director | less than a year | no data | no data | |
| Group Human Resources Director | 8.1yrs | no data | no data | |
| Group HSSEQ & Sustainability Director | 2.3yrs | no data | no data | |
| Chief Business Officer | 3.3yrs | no data | no data | |
| Managing Director of Global Resources & Services | 3.3yrs | no data | no data | |
| Managing Director of Turnkey | less than a year | no data | no data |
2.2yrs
Average Tenure
50yo
Average Age
Experienced Management: SBMOA's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Supervisory Board | 6.1yrs | US$143.52k | no data | |
| Independent Member of the Supervisory Board | 3.1yrs | US$99.36k | no data | |
| Member of Supervisory Board | 2.1yrs | US$136.90k | no data | |
| Member of Supervisory Board | 1.1yrs | US$66.24k | no data | |
| Independent Vice-Chair of Supervisory Board | 6.1yrs | US$104.88k | no data | |
| Member of Supervisory Board | less than a year | no data | no data |
2.6yrs
Average Tenure
62yo
Average Age
Experienced Board: SBMOA's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.