SalMar Management

Management criteria checks 3/4

SalMar's CEO is Frode Arntsen, appointed in Oct 2022, has a tenure of 1.5 years. total yearly compensation is NOK4.32M, comprised of 62.8% salary and 37.2% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth NOK4.83M. The average tenure of the management team and the board of directors is 4 years and 1.8 years respectively.

Key information

Frode Arntsen

Chief executive officer

kr4.3m

Total compensation

CEO salary percentage	62.8%
CEO tenure	1.5yrs
CEO ownership	0.006%
Management average tenure	4yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frode Arntsen's remuneration changed compared to SalMar's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	kr3b
Sep 30 2023	n/a	n/a	kr959m
Jun 30 2023	n/a	n/a	kr909m
Mar 31 2023	n/a	n/a	kr4b
Dec 31 2022	kr4m	kr3m	kr3b
Sep 30 2022	n/a	n/a	kr4b
Jun 30 2022	n/a	n/a	kr4b
Mar 31 2022	n/a	n/a	kr3b
Dec 31 2021	kr4m	kr2m	kr3b
Sep 30 2021	n/a	n/a	kr2b
Jun 30 2021	n/a	n/a	kr2b
Mar 31 2021	n/a	n/a	kr2b
Dec 31 2020	kr4m	kr2m	kr2b
Sep 30 2020	n/a	n/a	kr3b
Jun 30 2020	n/a	n/a	kr2b
Mar 31 2020	n/a	n/a	kr2b
Dec 31 2019	kr4m	kr2m	kr2b
Sep 30 2019	n/a	n/a	kr3b
Jun 30 2019	n/a	n/a	kr4b
Mar 31 2019	n/a	n/a	kr4b
Dec 31 2018	kr3m	kr2m	kr4b
Sep 30 2018	n/a	n/a	kr3b
Jun 30 2018	n/a	n/a	kr3b
Mar 31 2018	n/a	n/a	kr3b
Dec 31 2017	kr2m	kr154k	kr2b

Compensation vs Market: Frode's total compensation ($USD392.90K) is below average for companies of similar size in the UK market ($USD3.41M).

Compensation vs Earnings: Frode's compensation has been consistent with company performance over the past year.

CEO

Frode Arntsen (53 yo)

1.5yrs

Tenure

kr4,318,000

Compensation

Mr. Frode Arntsen serves as Chief Executive Officer at SalMar ASA since October 2022. He currently had been COO of Industry and Sales at SalMar ASA since December 1, 2017 until October 2022. He served as D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gustav Witzoe	Co-Founder	2.3yrs	kr1.39m	no data
Frode Arntsen	Chief Executive Officer	1.5yrs	kr4.32m	0.0059% NOK 4.8m
Ulrik Steinvik	Chief Financial Officer	2.5yrs	kr3.51m	0.12% NOK 97.0m
Simon Sobstad	Chief Operating Officer of Sales & Industry	1.5yrs	kr8.97m	0.0011% NOK 928.0k
Arthur Wisniewski	Director of Human Resource Management	6.3yrs	kr10.49m	0.0023% NOK 1.9m
Runar Sivertsen	Chief Strategy Officer	4yrs	kr9.05m	0.0039% NOK 3.2m
Roger Bekken	Chief Operating Officer of Farming	5.8yrs	kr4.04m	0.012% NOK 10.0m
Tonette Bjørgård	Head of Accounting	no data	no data	no data
Hakon Husby	Head of Investor Relations	4.1yrs	no data	no data

4.0yrs

Average Tenure

49yo

Average Age

Experienced Management: 0FWY's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gustav Witzoe	Co-Founder	2.3yrs	kr1.39m	no data
Morten Loktu	Independent Director	1.8yrs	kr188.00k	0.00085% NOK 698.0k
Margrethe Hauge	Independent Director	6.8yrs	kr405.00k	no data
Leif Nordhammer	Director	3.8yrs	kr395.00k	1.13% NOK 928.3m
Arnhild Holstad	Independent Director	1.8yrs	kr145.00k	0.0017% NOK 1.4m
Ingvild Kindlihagen	Employee Representative Director	less than a year	no data	no data
Hans Stolan	Employee Representative Director	less than a year	no data	no data

1.8yrs

Average Tenure

63yo

Average Age

Experienced Board: 0FWY's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

SalMar Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently bought kr537k worth of stock

Chief Operating Officer of Farming recently sold kr2.3m worth of stock

Insider recently sold kr220k worth of stock

High number of new and inexperienced directors

SalMar ASA Appoints Ulrik Steinvik as New CFO

SalMar ASA Announces Executive Changes

Recent updates

Dividend increased to kr35.00

Full year 2023 earnings released: EPS: kr19.37 (vs kr26.75 in FY 2022)

SalMar ASA Proposes Cash Dividend, Payable on June 20, 2024

Full year 2023 earnings released: EPS: kr19.40 (vs kr26.75 in FY 2022)

SalMar ASA Proposes Dividend for the Financial Year 2023

Independent Director recently bought kr537k worth of stock

SalMar ASA Provides Production Guidance for the 2023

Chief Operating Officer of Farming recently sold kr2.3m worth of stock

New minor risk - Profit margin trend

Second quarter 2023 earnings released: kr6.40 loss per share (vs kr15.61 profit in 2Q 2022)

SalMar ASA to Report Q3, 2024 Results on Nov 12, 2024

Upcoming dividend of kr20.00 per share at 4.1% yield

Full year 2022 earnings released: EPS: kr27.64 (vs kr22.61 in FY 2021)

Full year 2022 earnings released: EPS: kr27.23 (vs kr22.61 in FY 2021)

SalMar ASA to Report Q4, 2022 Results on Feb 22, 2023

SalMar ASA (OB:SALM) completed the acquisition of NTS ASA (OB:NTS) from a group of shareholders.

Insider recently sold kr220k worth of stock

High number of new and inexperienced directors

SalMar ASA Appoints Ulrik Steinvik as New CFO

SalMar ASA Announces Executive Changes

Chief Operating Officer of Farming recently sold kr198k worth of stock

SalMar Announces CFO Changes

Now 32% undervalued after recent price drop

Now 21% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: kr15.61 (vs kr6.98 in 2Q 2021)

SalMar Maintains Production Guidance for the Full Year 2022

SalMar ASA to Report Q4, 2022 Results on Feb 22, 2023

NTS ASA (OB : NTS) agreed to acquire additional 37% stake in NTS ASA (OB : NTS) from Helge Gåsø for NOK 5.6 billion.

High number of new and inexperienced directors

High number of new and inexperienced directors

Director recently bought kr24m worth of stock

Upcoming dividend of kr20.00 per share

Salmar Asa Appoints Linda Litlekalsøy Aase as CEO

Full year 2021 earnings released: EPS: kr22.61 (vs kr17.52 in FY 2020)

Less than half of directors are independent

Now 20% undervalued

SalMar ASA Announces Cash Dividend, Payable on or About June 22, 2022

SalMar ASA Appoints Linda Litlekalsøy Aase as New CEO, Effective 1 June 2022

Employee Representative Director recently sold kr201k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

SalMar ASA Appoints Gunnar Nielsen as CFO, Effective April 1, 2022

Insider recently sold kr391k worth of stock

Third quarter 2021 earnings released: EPS kr5.85 (vs kr3.28 in 3Q 2020)

Third quarter 2021 earnings released: EPS kr5.85 (vs kr3.28 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr6.98 (vs kr10.45 in 2Q 2020)

SalMar ASA (OB:SALM) entered into an agreement to acquire an unknown stake in Refsnes Laks As.

Setran Settefisk AS agreed to acquire Fish Hatchery Facility in Osen Municipality from SalMar ASA (OB:SALM)

Independent Director Linda Aase has left the company

Independent Director Tonje Foss has left the company

Chairman of the Board Atle Eide has left the company

Upcoming dividend of kr20.00 per share

First quarter 2021 earnings released: EPS kr6.33 (vs kr3.58 in 1Q 2020)

Full year 2020 earnings released: EPS kr17.52 (vs kr22.06 in FY 2019)

Full year 2020 earnings released: EPS kr17.52 (vs kr22.06 in FY 2019)

Revenue beats expectations

Salmar Strengthens Its Strategic Focus on Offshore Aquaculture and Appoints A New CFO of Strategy At Salmar Ocean

New 90-day high: kr586

New 90-day high: kr539

New 90-day low: kr462

Upcoming Dividend of kr13.00 Per Share

Insider recently sold kr316k worth of stock

Insider recently sold kr87k worth of stock

Revenue beats expectations

New 90-day high: kr537

Third quarter 2020 earnings released: EPS kr3.28

SalMar ASA has completed a Follow-on Equity Offering in the amount of NOK 647.37456 million.

SalMar ASA to Report Fiscal Year 2020 Final Results on Apr 23, 2021

New 90-day high: kr507

New 90-day high - kr491