Gränges Management

Management criteria checks 2/4

Gränges' CEO is Jorgen Rosengren, appointed in Oct 2021, has a tenure of 2.58 years. total yearly compensation is SEK15.70M, comprised of 43.9% salary and 56.1% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth SEK20.05M. The average tenure of the management team and the board of directors is 3.8 years and 1.7 years respectively.

Key information

Jorgen Rosengren

Chief executive officer

kr15.7m

Total compensation

CEO salary percentage	43.9%
CEO tenure	2.6yrs
CEO ownership	0.1%
Management average tenure	3.8yrs
Board average tenure	1.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jorgen Rosengren's remuneration changed compared to Gränges's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr993m
Dec 31 2023	kr16m	kr7m	kr1b
Sep 30 2023	n/a	n/a	kr953m
Jun 30 2023	n/a	n/a	kr756m
Mar 31 2023	n/a	n/a	kr714m
Dec 31 2022	kr13m	kr7m	kr700m
Sep 30 2022	n/a	n/a	kr626m
Jun 30 2022	n/a	n/a	kr644m
Mar 31 2022	n/a	n/a	kr596m
Dec 31 2021	kr13m	kr3m	kr595m

Compensation vs Market: Jorgen's total compensation ($USD1.47M) is below average for companies of similar size in the UK market ($USD2.18M).

Compensation vs Earnings: Jorgen's compensation has increased by more than 20% in the past year.

CEO

Jorgen Rosengren (56 yo)

2.6yrs

Tenure

kr15,700,000

Compensation

Mr. Jorgen Rosengren serves as President & Chief Executive Officer at Gr nges AB (publ) since October 01, 2021 and serves as its Interim President of Gr nges Europe since November 18, 2021 until March 1, 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jorgen Rosengren	President & CEO	2.6yrs	kr15.70m	0.14% SEK 20.1m
Oskar Hellstrom	Deputy CEO & CFO	11.3yrs	kr14.10m	0.056% SEK 8.3m
Tolga Egrilmezer	Executive Vice President of Business Development	10.7yrs	no data	no data
John Thuestad	Executive Vice President of Extrusion Europe Business Area	no data	no data	no data
Colin Xu	President of Asia	11.3yrs	no data	no data
Patrick Lawlor	President of Americas	7.8yrs	no data	no data
Torbjorn Sternsjo	Senior Advisor of CEO	3.5yrs	no data	no data
Fredrik Spens	President of Europe	3.3yrs	no data	0.0044% SEK 644.0k
Sofia Hedevag	Senior Vice President of Sustainability	4yrs	no data	0.0040% SEK 588.1k
Piotr Szeliga	Managing Director of Gränges Konin	3.5yrs	no data	no data
William Shannon	Senior Vice President of Global Battery Foil Program	1.7yrs	no data	no data

3.8yrs

Average Tenure

50yo

Average Age

Experienced Management: GRNGS's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Fredrik Arp	Independent Chairman of the Board	4yrs	kr908.33k	0.013% SEK 1.9m
Stein Hagen	Chairman of Orkla ASA	no data	no data	no data
Steven Armstrong	Independent Director	2yrs	kr390.00k	no data
Gunilla Saltin	Independent Director	less than a year	kr286.67k	0.0023% SEK 332.3k
Peter Carlsson	Independent Director	8.3yrs	kr390.00k	0.0094% SEK 1.4m
Michael Lönn	Observer	no data	no data	no data
Mats Backman	Independent Director	6yrs	kr498.33k	0.014% SEK 2.1m
Martina Buchhauser	Independent Director	3yrs	kr421.67k	no data
Emelie Gunnstedt	Employee Representative Director	1.3yrs	kr40.00k	no data
Robert Dahlqvist	Deputy Employee Representative Director	1.3yrs	kr40.00k	no data
Tobias Johansson	Deputy Employee Representative Director	1.3yrs	kr40.00k	no data
Emma Lamprecht	Employee Representative Director	less than a year	kr3.33k	no data

1.7yrs

Average Tenure

56yo

Average Age

Experienced Board: GRNGS's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.

Gränges Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

Gränges AB (publ) Announces Board Changes

High number of new directors

Gränges AB (publ), Annual General Meeting, May 08, 2024

High number of new directors

High number of new directors

Recent updates

Gränges AB (publ) Approves Dividend, Payable on May 16, 2024 and November 15, 2024

Full year 2023 earnings released: EPS: kr9.50 (vs kr6.59 in FY 2022)

High number of new directors

Gränges AB (publ) Announces Board Changes

Gränges AB (publ) to Report Fiscal Year 2023 Results on Mar 19, 2024

Gränges AB (Publ) Provides Earnings Guidance for the Fourth Quarter 2023

Gränges AB (publ) to Report Q3, 2024 Results on Oct 24, 2024

High number of new directors

Gränges AB (publ), Annual General Meeting, May 08, 2024

Gränges AB (publ) Provides Earnings Guidance for the Third Quarter of 2023

Gränges AB (publ) Provides Earnings Guidance for the Third Quarter of 2023

Gränges AB (publ) to Report Q1, 2024 Results on Apr 25, 2024

Gränges AB (Publ) Announces Dividend Payable on 21 June 2023

Gränges AB (publ) Proposes Dividend, Payable on 21 June 2023

High number of new directors

Full year 2022 earnings released: EPS: kr6.59 (vs kr5.60 in FY 2021)

High number of new directors

High number of new directors

Gränges AB (Publ) Provides Sales Guidance for the First Quarter 2023

Gränges AB (publ) to Report Q4, 2022 Final Results on Mar 16, 2023

Full year 2022 earnings released: EPS: kr6.59 (vs kr5.60 in FY 2021)

High number of new directors

High number of new directors

Jörgen Rosengren acquired an unknown minority stake in Gränges AB (publ) for SEK 2.5 million.

Third quarter 2022 earnings released: EPS: kr1.47 (vs kr1.44 in 3Q 2021)

Gränges AB (publ) Announces Nomination Committee Appointments

Gränges Recruits William B. Shannon as Senior Vice President, Global Battery Foil Program, Effective 1 September 2022

Gränges AB (publ), Annual General Meeting, Apr 27, 2023

Gränges AB (publ) to Report First Half, 2023 Results on Jul 14, 2023

Gränges Launches its Sustainable Product Brand Gränges Endure

Gränges AB (Publ) Provides Earnings Guidance for the Second Quarter of 2022

Gränges AB (Publ) Approves Dividend, Payable on May 11, 2022

Gränges' Proposes Dividend for the 2021, Payable on 11 May 2022

Deputy CEO & CFO recently bought kr733k worth of stock

Gränges AB (publ) Announces Executive Change for Gränges Europe

Investor sentiment improved over the past week

Gränges AB (Publ) Announces Resignation of Carina Andersson from Board of Directors

Gränges AB (Publ) Proposes Dividend for the Profit for the Year December 2021

Investor sentiment deteriorated over the past week

General Counsel recently bought kr96k worth of stock

Third quarter 2021 earnings released: EPS kr1.44 (vs kr1.64 in 3Q 2020)

Independent Director has left the company

Gränges AB (publ) Approves Dividend, Payable on 14 May 2021

Upcoming dividend of kr1.10 per share

Deputy CEO & CFO recently bought kr87k worth of stock

First quarter 2021 earnings released: EPS kr2.25 (vs kr1.76 in 1Q 2020)

Full year 2020 earnings released: EPS kr4.21 (vs kr7.95 in FY 2019)

Gränges AB (Publ) Announces Management Changes

Gränges AB (publ) Announces Ragnhild Wiborg to Resign from the Board of Directors

New 90-day high: kr106

Insider recently bought kr250k worth of stock

Insider recently bought kr250k worth of stock

Insider recently bought kr300k worth of stock

Insider recently bought kr298k worth of stock

General Counsel recently bought kr93k worth of stock

Full year 2020 earnings released: EPS kr4.21 (vs kr7.95 in FY 2019)

Revenue misses expectations

Gränges AB (publ) to Report Fiscal Year 2020 Results on Mar 18, 2021

New 90-day high: kr105

Gränges AB (publ) to Report Fiscal Year 2020 Results on Jan 28, 2021

Gränges AB Announces Resignation of Johan Menckel as President, Effective on 1 August, 2021

Insider recently bought kr245k worth of stock

Insider recently bought kr245k worth of stock

Gränges Appoints New Management for the Operations in Europe

Gränges AB (publ) (OM:GRNG) completed the acquisition of Aluminium Konin-Impexmetal S.A from Boryszew S.A. (WSE:BRS) for SEK 2.2 billion Enterprise Value.

myFC Participates in Feasibility Study for Development of Hybrid Solution with Combined Battery and Fuel Cell System

Gränges AB (publ) (OM:GRNG) entered into an agreement to acquire Impexmetal S.A. from Boryszew S.A. (WSE:BRS) for approximately PLN 940 million.

Gränges Improves Efficiency and Adapts European Operations, Affecting 75 Positions in Total

CEO Compensation Analysis