Solstad Offshore ASA

BATS-CHIXE:SOFFO Stock Report

Market Cap: NOK 3.1b

Solstad Offshore Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Lars Solstad

Chief executive officer

NOK 8.5m

Total compensation

CEO salary percentage64.1%
CEO tenureno data
CEO ownership14.0%
Management average tenure9.7yrs
Board average tenure4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lars Solstad's remuneration changed compared to Solstad Offshore's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

-NOK 155m

Mar 31 2024n/an/a

-NOK 2m

Dec 31 2023NOK 9mNOK 5m

NOK 285m

Sep 30 2023n/an/a

NOK 725m

Jun 30 2023n/an/a

NOK 424m

Mar 31 2023n/an/a

-NOK 49m

Dec 31 2022NOK 8mNOK 6m

-NOK 447m

Sep 30 2022n/an/a

-NOK 1b

Jun 30 2022n/an/a

-NOK 989m

Mar 31 2022n/an/a

-NOK 940m

Dec 31 2021NOK 7mNOK 5m

-NOK 1b

Sep 30 2021n/an/a

NOK 11b

Jun 30 2021n/an/a

NOK 10b

Mar 31 2021n/an/a

NOK 9b

Dec 31 2020NOK 5mNOK 2m

NOK 7b

Sep 30 2020n/an/a

-NOK 5b

Jun 30 2020n/an/a

-NOK 5b

Mar 31 2020n/an/a

-NOK 5b

Dec 31 2019NOK 3mNOK 2m

-NOK 3b

Sep 30 2019n/an/a

-NOK 5b

Jun 30 2019n/an/a

-NOK 5b

Mar 31 2019n/an/a

-NOK 6b

Dec 31 2018NOK 2mNOK 2m

-NOK 6b

Sep 30 2018n/an/a

-NOK 4b

Jun 30 2018n/an/a

-NOK 3b

Mar 31 2018n/an/a

-NOK 678m

Dec 31 2017NOK 3mNOK 2m

-NOK 314m

Compensation vs Market: Lars's total compensation ($USD796.30K) is about average for companies of similar size in the UK market ($USD755.98K).

Compensation vs Earnings: Lars's compensation has increased whilst the company is unprofitable.

CEO

Lars Solstad

no data

Tenure

NOK 8,519,000

Compensation

Mr. Lars Peder Solstad serves as Chief Executive Officer of Solstad Offshore ASA and has been its Managing Director since 2002.

Leadership Team

NamePositionTenureCompensationOwnership
Lars Solstad
CEO & MDno dataNOK 8.52m13.97%
NOK 432.2m
Kjetil Ramstad
Chief Financial Officer4.3yrsNOK 4.99m0.030%
NOK 913.8k
Tor Tveit
Chief Operating Officer3.8yrsNOK 4.29mno data
Hans Skar
Chief Commercial Officerno dataNOK 2.15mno data
Jostein Fjelland
Accounting Manager27yrsno datano data
Olaug Hillesland
Administration & Communication Directorno datano datano data
Per Stange
Human Resources Director15.1yrsno datano data
Leif Stave
Controllerno datano datano data

9.7yrs

Average Tenure

Experienced Management: SOFFO's management team is seasoned and experienced (9.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Frank Reite
Independent Director8.3yrsNOK 440.00k0.38%
NOK 11.9m
Ellen Solstad
Independent Director4.8yrsNOK 325.00kno data
Harald Espedal
Independent Chairman of the Board6.4yrsNOK 622.00k0.71%
NOK 21.9m
Peder Sortland
Independent Director4yrsNOK 411.00kno data
Ingrid Kylstad
Independent Director4yrsNOK 411.00kno data

4.8yrs

Average Tenure

52yo

Average Age

Experienced Board: SOFFO's board of directors are considered experienced (4.8 years average tenure).