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
kr3.2m
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
No updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2022 | n/a | n/a | -kr20m |
| Jun 30 2022 | n/a | n/a | -kr26m |
| Mar 31 2022 | n/a | n/a | -kr23m |
| Dec 31 2021 | kr3m | kr3m | -kr24m |
| Sep 30 2021 | n/a | n/a | -kr204m |
| Jun 30 2021 | n/a | n/a | -kr199m |
| Mar 31 2021 | n/a | n/a | -kr169m |
| Dec 31 2020 | kr3m | kr2m | -kr166m |
| Sep 30 2020 | n/a | n/a | -kr42m |
| Jun 30 2020 | n/a | n/a | -kr33m |
| Mar 31 2020 | n/a | n/a | -kr64m |
| Dec 31 2019 | kr2m | kr2m | -kr62m |
| Sep 30 2019 | n/a | n/a | kr5m |
| Jun 30 2019 | n/a | n/a | kr3m |
| Mar 31 2019 | n/a | n/a | kr4m |
| Dec 31 2018 | kr3m | kr2m | kr3m |
| Sep 30 2018 | n/a | n/a | -kr23m |
| Jun 30 2018 | n/a | n/a | -kr33m |
| Mar 31 2018 | n/a | n/a | -kr28m |
| Dec 31 2017 | n/a | n/a | kr13m |
| Sep 30 2017 | n/a | n/a | -kr11m |
| Jun 30 2017 | n/a | n/a | -kr11m |
| Mar 31 2017 | n/a | n/a | -kr11m |
| Dec 31 2016 | kr2m | kr1m | -kr61m |
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
kr3,198,000
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 | kr3.20m | 0.48% NOK 1.1m | |
| Executive Vice President of Refractory Segment | 6.4yrs | kr3.41m | no data | |
| Group President and Segment Manager | no data | kr2.80m | 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 | kr180.00k | 1.16% NOK 2.6m | |
| Independent Chairman of the Board | 14.1yrs | kr330.00k | 4.23% NOK 9.4m | |
| Independent Director | 2.8yrs | kr180.00k | 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.