Boliden Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Mikael Staffas

Chief executive officer

SEK 15.5m

Total compensation

CEO salary percentage	64.0%
CEO tenure	6yrs
CEO ownership	0.01%
Management average tenure	7yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mikael Staffas's remuneration changed compared to Boliden's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	SEK 5b
Dec 31 2023	SEK 16m	SEK 10m	SEK 6b
Sep 30 2023	n/a	n/a	SEK 7b
Jun 30 2023	n/a	n/a	SEK 8b
Mar 31 2023	n/a	n/a	SEK 11b
Dec 31 2022	SEK 18m	SEK 10m	SEK 12b
Sep 30 2022	n/a	n/a	SEK 12b
Jun 30 2022	n/a	n/a	SEK 11b
Mar 31 2022	n/a	n/a	SEK 10b
Dec 31 2021	SEK 16m	SEK 9m	SEK 9b
Sep 30 2021	n/a	n/a	SEK 9b
Jun 30 2021	n/a	n/a	SEK 9b
Mar 31 2021	n/a	n/a	SEK 8b
Dec 31 2020	SEK 14m	SEK 8m	SEK 7b
Sep 30 2020	n/a	n/a	SEK 6b
Jun 30 2020	n/a	n/a	SEK 5b
Mar 31 2020	n/a	n/a	SEK 5b
Dec 31 2019	SEK 14m	SEK 8m	SEK 6b
Sep 30 2019	n/a	n/a	SEK 6b
Jun 30 2019	n/a	n/a	SEK 6b
Mar 31 2019	n/a	n/a	SEK 7b
Dec 31 2018	SEK 8m	SEK 4m	SEK 7b

Compensation vs Market: Mikael's total compensation ($USD1.46M) is below average for companies of similar size in the UK market ($USD3.47M).

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

CEO

Mikael Staffas (59 yo)

6yrs

Tenure

SEK 15,523,000

Compensation

Mr. Mikael Staffas, M.Sc. Engineering, MBA, serves as Director of Kemira Oyj since March 22, 2023. He serves as President and Chief Executive Officer of Boliden AB (publ)since June 01, 2018. He was the Pre...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mikael Staffas	President & CEO	6yrs	SEK 15.52m	0.014% SEK 12.5m
Håkan Gabrielsson	Executive VP & CFO	8.2yrs	no data	0.0018% SEK 1.7m
Göran Kördel	Chief Information Officer	10.1yrs	no data	no data
Olof Grenmark	Director of Investor Relations	6.3yrs	no data	no data
Klas Nilsson	Director of Group Communications	7.7yrs	no data	no data
Åsa Jackson	Executive Vice President of People & Sustainability	5.4yrs	no data	0.0012% SEK 1.1m
Stefan Romedahl	President of Business Area Mines	no data	no data	0.0016% SEK 1.5m
Daniel Peltonen	President of Business Area Smelters	no data	no data	0.0020% SEK 1.9m
Gunnar Agmalm	Head of Ore Base & Project Evaluation	no data	no data	no data

7.0yrs

Average Tenure

57yo

Average Age

Experienced Management: BOLS's management team is seasoned and experienced (7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Pia Rudengren	Independent Director	7.2yrs	SEK 930.00k	0.00037% SEK 343.1k
Karl-Henrik Sundstrom	Independent Chairman of the Board	3.2yrs	SEK 2.19m	0.0022% SEK 2.0m
Tomas Eliasson	Independent Director	2.2yrs	SEK 805.00k	0.00060% SEK 556.4k
Derek White	Independent Director	less than a year	no data	no data
Per Lindberg	Independent Director	3.2yrs	SEK 730.00k	0.00073% SEK 677.0k
Helene Bistrom	Independent Director	4.2yrs	SEK 655.00k	0.00073% SEK 677.0k
Perttu Louhiluoto	Independent Director	5.1yrs	SEK 655.00k	no data
Elisabeth Nilsson	Independent Director	9.4yrs	SEK 655.00k	0.00037% SEK 343.1k
Ola Holmström	Employee Representative Deputy Director	2.4yrs	no data	0.000060% SEK 55.6k
Jonny Johansson	Employee Representative Director	2.4yrs	no data	no data
Andreas Martensson	Employee Representative Director	2.4yrs	no data	no data
Ronnie Allzen	Employee Representative Director	1.4yrs	no data	no data

2.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: BOLS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Boliden Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new directors

President of Boliden Mines recently bought kr277k worth of stock

President & CEO recently bought kr450k worth of stock

President & CEO recently bought kr626k worth of stock

Recent updates

Boliden AB (publ) to Report Q1, 2025 Results on Apr 23, 2025

Boliden AB (Publ) Proposes an Ordinary Dividend

Boliden AB (publ) to Report Q4, 2024 Results on Feb 06, 2025

Boliden AB (publ) to Report Q4, 2024 Results on Feb 07, 2025

Boliden Announces Lower Throughput Due to Production Disruptions in Aitik

Boliden AB (publ) to Report Fiscal Year 2023 Final Results on Mar 06, 2024

Third quarter 2023 earnings released: EPS: kr4.96 (vs kr9.90 in 3Q 2022)

High number of new and inexperienced directors

Junta de Andalucia and Boliden Announces Decision in the Financial Dispensary

Boliden Announces Production Partially Resumes At Rönnskär

Boliden AB (Publ) Provides Earnings Guidance for the Second Quarter of 2023

High number of new and inexperienced directors

Boliden AB (Publ) Proposes Special Dividend

Boliden AB (publ) to Report Fiscal Year 2022 Results on Mar 08, 2023

Boliden AB (publ) to Report Q4, 2023 Results on Feb 14, 2024

Boliden AB (publ) to Report Q2, 2023 Results on Jul 20, 2023

Boliden AB (publ) to Report Q1, 2023 Results on Apr 25, 2023

Boliden to Be Deleted from Other OTC

High number of new directors

Now 20% undervalued

Boliden Board Approves a Special Dividend

President of Boliden Mines recently bought kr277k worth of stock

First quarter 2022 earnings released: EPS: kr14.51 (vs kr7.96 in 1Q 2021)

Upcoming dividend of kr10.50 per share

Now 20% undervalued

Boliden AB (publ) to Report Fiscal Year 2021 Results on Mar 09, 2022

Boliden AB (publ) Proposes Dividend

Boliden Resumes Nickel Production in Harjavalta

Nickel Production at Harjavalta Stopped Due to Slag Explosion

Boliden AB (Publ) Announces That Production in Tara Partially Resumed

President & CEO recently bought kr450k worth of stock

Third quarter 2021 earnings released

Boliden NEW SHARE AK IL Ordinary Shares to Be Deleted from Other OTC

Second quarter 2021 earnings released: EPS kr8.00 (vs kr4.92 in 2Q 2020)

Boliden Approves Dividend, Payable on May 4, 2021

Boliden AB (publ) Announces Production Capacity in Aitik and Tara Restored

Full year 2020 earnings released: EPS kr24.86 (vs kr21.16 in FY 2019)

Revenue beats expectations

Boliden AB (publ) Proposes Dividend for 2020

Boliden AB (publ) to Report Q4, 2021 Results on Feb 11, 2022

President & CEO recently bought kr626k worth of stock

New 90-day high: kr319

Revenue beats expectations

Full year 2020 earnings released: EPS kr24.86 (vs kr21.16 in FY 2019)

New 90-day high: kr303

New 90-day high: kr301

Boliden AB (Publ) Announces Executive Changes

Boliden and Luleå University of Technology Enter into A Collaboration Agreement

Boliden AB (publ) to Report Q2, 2021 Results on Jul 22, 2021

Sotkamo Silver AB (NGM:SOSI) entered into an agreement to acquire mining and exploration rights of Hietaharju, Peura-aho and Hietaharju North from Boliden AB (publ) (OM:BOL).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age