Borgestad Management
Management criteria checks 2/4
Borgestad's CEO is Pal Larsen, appointed in Jun 2019, has a tenure of 5.92 years. total yearly compensation is NOK3.76M, comprised of 75.4% salary and 24.6% bonuses, including company stock and options. directly owns 0.39% of the company’s shares, worth NOK2.40M. The average tenure of the management team and the board of directors is 1.8 years and 2.9 years respectively.
Key information
Pal Larsen
Chief executive officer
NOK 3.8m
Total compensation
| CEO salary percentage | 75.4% |
| CEO tenure | 5.9yrs |
| CEO ownership | 0.4% |
| Management average tenure | 1.8yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | NOK 4m | NOK 3m | NOK 45m |
| Sep 30 2024 | n/a | n/a | NOK 31m |
| Jun 30 2024 | n/a | n/a | -NOK 59m |
| Mar 31 2024 | n/a | n/a | -NOK 74m |
| Dec 31 2023 | NOK 3m | NOK 3m | -NOK 78m |
| Sep 30 2023 | n/a | n/a | -NOK 165m |
| Jun 30 2023 | n/a | n/a | -NOK 96m |
| Mar 31 2023 | n/a | n/a | -NOK 112m |
| Dec 31 2022 | NOK 4m | NOK 3m | -NOK 125m |
| 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 |
Compensation vs Market: Pal's total compensation ($USD361.55K) is about average for companies of similar size in the UK market ($USD375.09K).
Compensation vs Earnings: Pal's compensation has been consistent with company performance over the past year.
CEO
Pal Larsen (41 yo)
5.9yrs
Tenure
NOK 3,757,000
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 | 5.9yrs | NOK 3.76m | 0.39% NOK 2.4m | |
| Head of M&A | less than a year | NOK 1.85m | no data | |
| Chief Executive Officer of Segment Refractory | 1.8yrs | NOK 2.04m | no data | |
| Group President and Segment Manager | no data | NOK 2.80m | no data | |
| Group Controller | no data | no data | no data |
1.8yrs
Average Tenure
Experienced Management: 0DTO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 1.9yrs | NOK 318.00k | no data | |
| Chairman | 1.9yrs | NOK 654.00k | no data | |
| Independent Director | 16.3yrs | NOK 225.00k | no data | |
| Independent Director | 2.9yrs | NOK 351.00k | no data | |
| Independent Director | 2.9yrs | NOK 351.00k | no data |
2.9yrs
Average Tenure
52yo
Average Age
Experienced Board: 0DTO's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/06 21:18 |
| End of Day Share Price | 2025/05/02 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Borgestad ASA is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nojus Juozapavicius | Norne Securities AS |