Borgestad Management
Management criteria checks 2/4
Borgestad's CEO is Pal Larsen, appointed in Jun 2019, has a tenure of 3.67 years. total yearly compensation is NOK3.20M, comprised of 78.4% salary and 21.6% bonuses, including company stock and options. directly owns 0.48% of the company’s shares, worth NOK1.07M. The average tenure of the management team and the board of directors is 3.8 years and 1.1 years respectively.
Key information
Pal Larsen
Chief executive officer
NOK 3.2m
Total compensation
| CEO salary percentage | 78.4% |
| CEO tenure | 3.7yrs |
| CEO ownership | 0.5% |
| Management average tenure | 3.8yrs |
| Board average tenure | 1.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2022 | n/a | n/a | -NOK 20m |
| Jun 30 2022 | n/a | n/a | -NOK 26m |
| Mar 31 2022 | n/a | n/a | -NOK 23m |
| Dec 31 2021 | NOK 3m | NOK 3m | -NOK 24m |
| Sep 30 2021 | n/a | n/a | -NOK 204m |
| Jun 30 2021 | n/a | n/a | -NOK 199m |
| Mar 31 2021 | n/a | n/a | -NOK 169m |
| Dec 31 2020 | NOK 3m | NOK 2m | -NOK 166m |
| Sep 30 2020 | n/a | n/a | -NOK 42m |
| Jun 30 2020 | n/a | n/a | -NOK 33m |
| Mar 31 2020 | n/a | n/a | -NOK 64m |
| Dec 31 2019 | NOK 2m | NOK 2m | -NOK 62m |
| Sep 30 2019 | n/a | n/a | NOK 5m |
| Jun 30 2019 | n/a | n/a | NOK 3m |
| Mar 31 2019 | n/a | n/a | NOK 4m |
| Dec 31 2018 | NOK 3m | NOK 2m | NOK 3m |
| Sep 30 2018 | n/a | n/a | -NOK 23m |
| Jun 30 2018 | n/a | n/a | -NOK 33m |
| Mar 31 2018 | n/a | n/a | -NOK 28m |
| Dec 31 2017 | n/a | n/a | NOK 13m |
| Sep 30 2017 | n/a | n/a | -NOK 11m |
| Jun 30 2017 | n/a | n/a | -NOK 11m |
| Mar 31 2017 | n/a | n/a | -NOK 11m |
| Dec 31 2016 | NOK 2m | NOK 1m | -NOK 61m |
Compensation vs Market: Pal's total compensation ($USD310.18K) is about average for companies of similar size in the UK market ($USD348.42K).
Compensation vs Earnings: Pal's compensation has increased whilst the company is unprofitable.
CEO
Pal Larsen (39 yo)
3.7yrs
Tenure
NOK 3,198,000
Compensation
Mr. Pål Feen Larsen serves as Chief Executive Officer at Borgestad ASA since June 4, 2019 and was its Chief Financial Officer until March 2021. Mr. Larsen served as Chief Operating Officer at Borgestad ASA...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3.7yrs | NOK 3.20m | 0.48% NOK 1.1m | |
| Executive Vice President of Refractory Segment | 6.4yrs | NOK 3.41m | no data | |
| Group President and Segment Manager | no data | NOK 2.80m | no data | |
| Administration Manager | 3.8yrs | no data | no data | |
| Group Controller | no data | no data | no data |
3.8yrs
Average Tenure
51yo
Average Age
Experienced Management: 0DTO's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy Board Member | 1.1yrs | NOK 180.00k | 1.16% NOK 2.6m | |
| Independent Chairman of the Board | 14.1yrs | NOK 330.00k | 4.23% NOK 9.4m | |
| Independent Director | 2.8yrs | NOK 180.00k | no data | |
| Board Member | 1.1yrs | no data | no data | |
| Board Member | 1.1yrs | no data | no data | |
| Board Member | 1.1yrs | no data | no data |
1.1yrs
Average Tenure
58.5yo
Average Age
Experienced Board: 0DTO's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.