Borregaard Management

Management criteria checks 4/4

Borregaard's CEO is Per Sørlie, appointed in Jan 1999, has a tenure of 25.25 years. total yearly compensation is NOK9.54M, comprised of 43.1% salary and 56.9% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth NOK31.03M. The average tenure of the management team and the board of directors is 16.8 years and 6 years respectively.

Key information

Per Sørlie

Chief executive officer

kr9.5m

Total compensation

CEO salary percentage	43.1%
CEO tenure	25.3yrs
CEO ownership	0.2%
Management average tenure	16.8yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Per Sørlie's remuneration changed compared to Borregaard's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr839m
Dec 31 2023	kr10m	kr4m	kr870m
Sep 30 2023	n/a	n/a	kr935m
Jun 30 2023	n/a	n/a	kr937m
Mar 31 2023	n/a	n/a	kr906m
Dec 31 2022	kr8m	kr4m	kr892m
Sep 30 2022	n/a	n/a	kr810m
Jun 30 2022	n/a	n/a	kr782m
Mar 31 2022	n/a	n/a	kr763m
Dec 31 2021	kr8m	kr4m	kr692m
Sep 30 2021	n/a	n/a	kr711m
Jun 30 2021	n/a	n/a	kr612m
Mar 31 2021	n/a	n/a	kr480m
Dec 31 2020	kr6m	kr4m	kr436m
Sep 30 2020	n/a	n/a	kr353m
Jun 30 2020	n/a	n/a	kr372m
Mar 31 2020	n/a	n/a	kr393m
Dec 31 2019	kr5m	kr4m	kr417m
Sep 30 2019	n/a	n/a	kr459m
Jun 30 2019	n/a	n/a	kr455m
Mar 31 2019	n/a	n/a	kr465m
Dec 31 2018	kr5m	kr3m	kr476m
Sep 30 2018	n/a	n/a	kr486m
Jun 30 2018	n/a	n/a	kr506m
Mar 31 2018	n/a	n/a	kr555m
Dec 31 2017	kr5m	kr3m	kr566m

Compensation vs Market: Per's total compensation ($USD865.58K) is below average for companies of similar size in the UK market ($USD2.28M).

Compensation vs Earnings: Per's compensation has been consistent with company performance over the past year.

CEO

Per Sørlie (66 yo)

25.3yrs

Tenure

kr9,542,549

Compensation

Mr. Per Arthur Sørlie has been the Chief Executive Officer and President at Borregaard ASA since 1999. Mr. Sørlie serves as Head of Borregaard at Orkla ASA. He serves as President and Chief Executive Offic...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Per Sørlie	President & CEO	25.3yrs	kr9.54m	0.17% NOK 31.0m
Per Lyngstad	Chief Financial Officer	26.3yrs	kr4.38m	0.062% NOK 11.6m
Rolf Heggen	General Counsel	11.3yrs	kr3.83m	0.026% NOK 4.9m
Dag Aasbø	Senior Vice President of Organisation & Public Affairs	16.3yrs	kr3.46m	0.056% NOK 10.6m
Tom Foss-Jacobsen	Executive Vice President of BioSolutions	17.3yrs	kr5.51m	0.031% NOK 5.8m
Gisle Johansen	Executive Vice President of Speciality Cellulose & Fine Chemicals	17.3yrs	kr4.16m	0.022% NOK 4.1m
Kristin Misund	Senior Vice President of R&D and Business Development	4.9yrs	kr3.57m	0.070% NOK 13.2m
Liv Longva	Senior Vice President of Procurement & Strategic Sourcing	4.3yrs	kr3.48m	0.012% NOK 2.3m
Knut-Harald Bakke	Director of Investor Relations	1.6yrs	no data	0.0015% NOK 273.5k
Tuva Barnholt	Senior Vice President of Strategic Sourcing	19.3yrs	kr1.57m	no data
Veronica Skevik	Vice President of Finance	no data	no data	no data
Lotte Kvinlaug	Investor Relations Officer	no data	no data	no data

16.8yrs

Average Tenure

62yo

Average Age

Experienced Management: 0QB7's management team is seasoned and experienced (16.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Margrethe Hauge	Independent Director	6yrs	kr413.10k	0.0041% NOK 766.1k
Helge Aasen	Independent Chairman	6yrs	kr708.30k	0.0045% NOK 844.8k
Terje Andersen	Independent Director	11.5yrs	kr469.40k	0.0044% NOK 820.4k
Bente Klausen	Board Observer	11.5yrs	kr105.00k	0.0014% NOK 262.2k
Ragnhild Eide	Employee Representative Director	11.5yrs	kr314.00k	0.0037% NOK 694.9k
Roy Appelgren	Board Observer	11.5yrs	kr105.00k	0.0028% NOK 526.3k
Tove Andersen	Independent Director	6yrs	kr434.00k	0.0060% NOK 1.1m
John Ulvan	Independent Director	3yrs	kr434.00k	0.0035% NOK 657.5k
Arundel Kristiansen	Employee Representative Director	3.7yrs	kr314.00k	0.0014% NOK 271.6k

6.0yrs

Average Tenure

58yo

Average Age

Experienced Board: 0QB7's board of directors are considered experienced (6 years average tenure).

Borregaard Management

Management criteria checks 4/4

Key information

Recent management updates

Borregaard ASA, Annual General Meeting, Apr 11, 2024

Independent Chairman recently bought kr95k worth of stock

Independent Chairman recently bought kr95k worth of stock

Director recently bought kr217k worth of stock

Insider recently bought kr709k worth of stock

Insider recently bought kr710k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: kr2.01 (vs kr2.32 in 1Q 2023)

Upcoming dividend of kr3.75 per share

Full year 2023 earnings released: EPS: kr8.73 (vs kr8.95 in FY 2022)

Now 21% undervalued

Dividend increased to kr3.75

Full year 2023 earnings released: EPS: kr8.73 (vs kr8.95 in FY 2022)

Borregaard ASA Proposes Cash Dividend for 2023, Payable on 22 April 2024

Borregaard ASA (OB:BRG) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved from April 18, 2023.

Third quarter 2023 earnings released: EPS: kr2.38 (vs kr2.40 in 3Q 2022)

Borregaard ASA, Annual General Meeting, Apr 11, 2024

New minor risk - Financial position

Second quarter 2023 earnings released

Now 20% undervalued

Now 20% undervalued

First quarter 2023 earnings released: EPS: kr2.32 (vs kr2.18 in 1Q 2022)

Upcoming dividend of kr3.25 per share at 1.9% yield

Full year 2022 earnings released: EPS: kr8.95 (vs kr6.95 in FY 2021)

Investor sentiment improves as stock rises 15%

Borregaard ASA Proposes Ordinary Dividend for 2022, Payable on 27 April 2023

Independent Chairman recently bought kr95k worth of stock

Independent Chairman recently bought kr95k worth of stock

Director recently bought kr217k worth of stock

Now 23% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: kr2.40 (vs kr2.12 in 3Q 2021)

Borregaard ASA to Report Q4, 2022 Results on Feb 02, 2023

Second quarter 2022 earnings released: EPS: kr2.52 (vs kr2.34 in 2Q 2021)

Insider recently bought kr709k worth of stock

First quarter 2022 earnings released: EPS: kr2.18 (vs kr1.46 in 1Q 2021)

Upcoming dividend of kr5.00 per share

Full year 2021 earnings: Revenues exceed analyst expectations

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Borregaard ASA Proposes Ordinary Dividend for 2021, Payable on April 21, 2022

Insider recently bought kr710k worth of stock

General Counsel recently sold kr268k worth of stock

Independent Director recently bought kr424k worth of stock

Third quarter 2021 earnings released: EPS kr2.12 (vs kr1.12 in 3Q 2020)

General Counsel recently bought kr1.4m worth of stock

Second quarter 2021 earnings released: EPS kr2.34

First quarter 2021 earnings released

Independent Chairman Jan Oksum has left the company

Upcoming dividend of kr2.50 per share

Full year 2020 earnings released: EPS kr4.37 (vs kr4.18 in FY 2019)

Insider recently bought kr1.4m worth of stock

Borregaard ASA to Report Q3, 2021 Results on Oct 21, 2021

New 90-day high: kr168

Full year 2020 earnings released: EPS kr4.36 (vs kr4.17 in FY 2019)

Revenue beats expectations

New 90-day high: kr167

New 90-day high: kr145

Third-quarter earnings released: Revenue misses expectations

Third quarter earnings released

Board Observer recently sold kr67k worth of stock

New 90-day high - kr132

Insider recently sold kr1.3m worth of stock

New 90-day high - kr126

Viken Skog BA, Borregaard ASA (OB:BRG) and Almenningssaga signed an agreement to acquire RingAlm AS.

New 90-day high - kr109

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age