Vitec Software Group Management
Management criteria checks 4/4
Vitec Software Group's CEO is Olle Backman, appointed in Apr 2021, has a tenure of 3.08 years. total yearly compensation is SEK5.04M, comprised of 89.5% salary and 10.5% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth SEK20.18M. The average tenure of the management team and the board of directors is 3.1 years and 12 years respectively.
Key information
Olle Backman
Chief executive officer
kr5.0m
Total compensation
| CEO salary percentage | 89.5% |
| CEO tenure | 3.1yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3.1yrs |
| Board average tenure | 12yrs |
Recent management updates
No updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | kr348m |
| Dec 31 2023 | kr5m | kr5m | kr339m |
| Sep 30 2023 | n/a | n/a | kr327m |
| Jun 30 2023 | n/a | n/a | kr304m |
| Mar 31 2023 | n/a | n/a | kr260m |
| Dec 31 2022 | kr5m | kr4m | kr245m |
| Sep 30 2022 | n/a | n/a | kr233m |
| Jun 30 2022 | n/a | n/a | kr221m |
| Mar 31 2022 | n/a | n/a | kr229m |
| Dec 31 2021 | kr4m | kr3m | kr207m |
Compensation vs Market: Olle's total compensation ($USD465.81K) is below average for companies of similar size in the UK market ($USD2.16M).
Compensation vs Earnings: Olle's compensation has been consistent with company performance over the past year.
CEO
Olle Backman (54 yo)
3.1yrs
Tenure
kr5,038,000
Compensation
Mr. Olle Backman is President at Vitec Software Group AB (publ). He has been Chief Executive Officer at Vitec Software Group AB since April 29, 2021 and also serves as its Director since 2021 and had been...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 3.1yrs | kr613.00k | 3.61% SEK 683.9m | |
| CEO, President & Director | 3.1yrs | kr5.04m | 0.11% SEK 20.2m | |
| Chief Financial Officer | 3.1yrs | no data | 0.014% SEK 2.7m | |
| Chief Operating Officer | 4.2yrs | no data | 0.051% SEK 9.6m | |
| CIO & CTO | no data | no data | 1.94% SEK 367.9m | |
| Investor Relations Officer | 7.3yrs | no data | no data | |
| Head of Human Resources | 2.9yrs | no data | 0.0085% SEK 1.6m | |
| Head of Brand | 2.9yrs | no data | 0.0032% SEK 603.6k | |
| Head of M&A | 2.9yrs | no data | 0.034% SEK 6.4m | |
| Controller | no data | no data | no data | |
| Chief Executive Officer of Software for Estate Agents - Sweden | no data | no data | no data | |
| Chief Executive Officer of Vitec Acute | 8.2yrs | no data | no data |
3.1yrs
Average Tenure
54yo
Average Age
Experienced Management: VITBS's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 3.1yrs | kr613.00k | 3.61% SEK 683.9m | |
| CEO, President & Director | 3.3yrs | kr5.04m | 0.11% SEK 20.2m | |
| Independent Director | 13.3yrs | kr217.00k | 0.020% SEK 3.8m | |
| Independent Director | 26.3yrs | kr217.00k | 0.28% SEK 53.0m | |
| Independent Director | 1.1yrs | kr147.00k | no data | |
| Independent Director | 14.3yrs | kr217.00k | 0.041% SEK 7.8m | |
| Independent Director | 12yrs | kr217.00k | no data |
12.0yrs
Average Tenure
65yo
Average Age
Experienced Board: VITBS's board of directors are seasoned and experienced ( 12 years average tenure).