Borregaard Management

Management criteria checks 4/4

Borregaard's CEO is Per Sørlie, appointed in Jan 1999, has a tenure of 24.67 years. total yearly compensation is NOK8.45M, comprised of 46.7% salary and 53.3% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth NOK24.98M. The average tenure of the management team and the board of directors is 16.2 years and 5.4 years respectively.

Key information

Per Sørlie

Chief executive officer

kr8.5m

Total compensation

CEO salary percentage	46.7%
CEO tenure	24.7yrs
CEO ownership	0.2%
Management average tenure	16.2yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Per Sørlie's remuneration changed compared to Borregaard's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	n/a	n/a	kr937m
Mar 31 2023	n/a	n/a	kr906m
Dec 31 2022	kr8m	kr4m	kr892m
Sep 30 2022	n/a	n/a	kr810m
Jun 30 2022	n/a	n/a	kr782m
Mar 31 2022	n/a	n/a	kr763m
Dec 31 2021	kr8m	kr4m	kr692m
Sep 30 2021	n/a	n/a	kr711m
Jun 30 2021	n/a	n/a	kr612m
Mar 31 2021	n/a	n/a	kr480m
Dec 31 2020	kr6m	kr4m	kr436m
Sep 30 2020	n/a	n/a	kr353m
Jun 30 2020	n/a	n/a	kr372m
Mar 31 2020	n/a	n/a	kr393m
Dec 31 2019	kr5m	kr4m	kr417m
Sep 30 2019	n/a	n/a	kr459m
Jun 30 2019	n/a	n/a	kr455m
Mar 31 2019	n/a	n/a	kr465m
Dec 31 2018	kr5m	kr3m	kr476m
Sep 30 2018	n/a	n/a	kr486m
Jun 30 2018	n/a	n/a	kr506m
Mar 31 2018	n/a	n/a	kr555m
Dec 31 2017	kr5m	kr3m	kr566m
Sep 30 2017	n/a	n/a	kr599m
Jun 30 2017	n/a	n/a	kr609m
Mar 31 2017	n/a	n/a	kr582m
Dec 31 2016	kr5m	kr3m	kr555m

Compensation vs Market: Per's total compensation ($USD781.27K) is below average for companies of similar size in the UK market ($USD1.95M).

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

CEO

Per Sørlie (66 yo)

24.7yrs

Tenure

kr8,451,927

Compensation

Mr. Per Arthur Sørlie has been the Chief Executive Officer and President at Borregaard ASA since 1999. Mr. Sørlie serves as Head of Borregaard at Orkla ASA. He serves as President and Chief Executive Offic...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Per Sørlie	President & CEO	24.7yrs	kr8.45m	0.17% NOK 25.0m
Per Lyngstad	Chief Financial Officer	25.7yrs	kr4.18m	0.062% NOK 9.3m
Rolf Heggen	General Counsel	10.7yrs	kr3.75m	0.026% NOK 3.9m
Dag Aasbø	Senior Vice President of Organisation & Public Affairs	15.7yrs	kr3.33m	0.056% NOK 8.4m
Tom Foss-Jacobsen	Executive Vice President of BioSolutions	16.7yrs	kr4.94m	0.030% NOK 4.6m
Gisle Johansen	Executive Vice President of Speciality Cellulose & Fine Chemicals	16.7yrs	kr3.90m	0.022% NOK 3.3m
Kristin Misund	Senior Vice President of R&D and Business Development	4.3yrs	kr3.51m	0.070% NOK 10.6m
Liv Longva	Senior Vice President of Procurement & Strategic Sourcing	3.7yrs	kr3.34m	0.012% NOK 1.8m
Knut-Harald Bakke	Director of Investor Relations	less than a year	no data	0.00091% NOK 137.6k
Tuva Barnholt	Senior Vice President of Strategic Sourcing	18.7yrs	kr1.57m	no data
Veronica Skevik	Vice President of Finance	no data	no data	no data
Lotte Kvinlaug	Investor Relations Officer	no data	no data	no data

16.2yrs

Average Tenure

62yo

Average Age

Experienced Management: BRGO's management team is seasoned and experienced (16.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Margrethe Hauge	Independent Director	5.4yrs	kr396.00k	0.0041% NOK 618.5k
Helge Aasen	Independent Chairman	5.4yrs	kr679.00k	0.0045% NOK 682.1k
Terje Andersen	Independent Director	10.9yrs	kr450.00k	0.0044% NOK 662.4k
Bente Klausen	Board Observer	10.9yrs	kr105.00k	0.0014% NOK 213.2k
Ragnhild Eide	Employee Representative Director	10.9yrs	kr314.00k	0.0037% NOK 561.1k
Roy Appelgren	Board Observer	10.9yrs	kr105.00k	0.0019% NOK 290.4k
Tove Andersen	Independent Director	5.4yrs	kr416.00k	0.0060% NOK 908.9k
John Ulvan	Director	2.4yrs	kr416.00k	0.0035% NOK 530.8k
Arundel Kristiansen	Employee Representative Director	3.1yrs	kr314.00k	0.00091% NOK 137.6k

5.4yrs

Average Tenure

58yo

Average Age

Experienced Board: BRGO's board of directors are considered experienced (5.4 years average tenure).

Borregaard Management

Management criteria checks 4/4

Key information

Recent management updates

Borregaard ASA, Annual General Meeting, Apr 11, 2024

Independent Chairman recently bought kr95k worth of stock

Director recently bought kr217k worth of stock

Insider recently bought kr710k worth of stock

General Counsel recently sold kr268k worth of stock

General Counsel recently bought kr1.4m worth of stock

Recent updates

Borregaard ASA Proposes Cash Dividend for 2023, Payable on 22 April 2024

Borregaard ASA (OB:BRG) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved from April 18, 2023.

Borregaard ASA, Annual General Meeting, Apr 11, 2024

Investor sentiment improves as stock rises 19%

Full year 2022 earnings released: EPS: kr8.95 (vs kr6.95 in FY 2021)

Borregaard ASA Proposes Ordinary Dividend for 2022, Payable on 27 April 2023

Independent Chairman recently bought kr95k worth of stock

Director recently bought kr217k worth of stock

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: kr2.40 (vs kr2.12 in 3Q 2021)

Investor sentiment deteriorated over the past week

Borregaard ASA to Report Q4, 2022 Results on Feb 02, 2023

Second quarter 2022 earnings released: EPS: kr2.52 (vs kr2.34 in 2Q 2021)

Investor sentiment deteriorated over the past week

Upcoming dividend of kr5.00 per share

Full year 2021 earnings: Revenues exceed analyst expectations

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

Borregaard ASA Proposes Ordinary Dividend for 2021, Payable on April 21, 2022

Insider recently bought kr710k worth of stock

General Counsel recently sold kr268k worth of stock

General Counsel recently bought kr1.4m worth of stock

First quarter 2021 earnings released: EPS kr1.46 (vs kr1.02 in 1Q 2020)

Full year 2020 earnings released: EPS kr4.37 (vs kr4.18 in FY 2019)

Insider recently bought kr1.4m worth of stock

Borregaard ASA to Report Q3, 2021 Results on Oct 21, 2021

New 90-day high: kr167

Full year 2020 earnings released: EPS kr4.36 (vs kr4.17 in FY 2019)

Revenue beats expectations

New 90-day high: kr167

New 90-day high: kr147

Viken Skog BA, Borregaard ASA (OB:BRG) and Almenningssaga signed an agreement to acquire RingAlm AS.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age