Norske Skog ASA

BATS-CHIXE:NSKOGO Stock Report

Market Cap: NOK 3.3b

Norske Skog Management

Management criteria checks 1/4

Norske Skog's CEO is Geir Drangsland, appointed in Sep 2023, has a tenure of less than a year. total yearly compensation is NOK3.05M, comprised of 60.7% salary and 39.3% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth NOK10.61M. The average tenure of the management team and the board of directors is 0.5 years and 1.3 years respectively.

Key information

Geir Drangsland

Chief executive officer

NOK 3.1m

Total compensation

CEO salary percentage60.7%
CEO tenureless than a year
CEO ownership0.3%
Management average tenureless than a year
Board average tenure1.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Geir Drangsland's remuneration changed compared to Norske Skog's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

NOK 334m

Dec 31 2023NOK 3mNOK 2m

NOK 481m

Compensation vs Market: Geir's total compensation ($USD281.63K) is below average for companies of similar size in the UK market ($USD1.04M).

Compensation vs Earnings: Insufficient data to compare Geir's compensation with company performance.

CEO

Geir Drangsland (61 yo)

less than a year

Tenure

NOK 3,053,000

Compensation

Mr. Geir Olav Drangsland serves as Chief Executive Officer at Norske Skog ASA since September 01, 2023. He was Chairperson at Norske Skog ASA since March 9, 2023 until September 01, 2023. He served as the...

Leadership Team

NamePositionTenureCompensationOwnership
Geir Drangsland
Chief Executive Officerless than a yearNOK 3.05m0.32%
NOK 10.6m
Robert Wood
Senior Vice President of Commercial6.3yrsNOK 5.65m0.0062%
NOK 205.1k
Tord Torvund
Chief Financial Officerless than a yearno datano data
Even Lund
Vice President of Corporate Financeless than a yearno datano data
Einar Blaauw
Senior VP & General Counselless than a yearno datano data
Carsten Dybevig
Vice President of Corporate Communication & Public Affairsno datano datano data
Yves Bailly
Managing Director of Golbeyno datano datano data
Mari Mogen
Head of Sustainability2.3yrsno datano data

0.5yrs

Average Tenure

52yo

Average Age

Experienced Management: NSKOGO's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Tone Wille
Directorless than a yearno datano data
Trine-Marie Hagen
Independent Director4.6yrsNOK 383.00kno data
Arvid Grundekjon
Independent Chair of the Board5.6yrsNOK 570.00k0.049%
NOK 1.6m
Christoffer Bull
Independent Director1.1yrsno datano data
Terje Sagbakken
Directorless than a yearno datano data
Tore Oestensvig
Board Observer2.3yrsno datano data
Asbjorn Dypdahl
Board Observer1.3yrsno datano data

1.3yrs

Average Tenure

50yo

Average Age

Experienced Board: NSKOGO's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.