Solteq Oyj Management
Management criteria checks 2/4
Solteq Oyj's CEO is Aarne Aktan, appointed in Jul 2022, has a tenure of 2.58 years. total yearly compensation is €350.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.046% of the company’s shares, worth €5.13K. The average tenure of the management team and the board of directors is 2.3 years and 2.9 years respectively.
Key information
Aarne Aktan
Chief executive officer
€350.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 2.6yrs |
| CEO ownership | 0.05% |
| Management average tenure | 2.3yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | -€1m |
| Sep 30 2024 | n/a | n/a | -€10m |
| Jun 30 2024 | n/a | n/a | -€10m |
| Mar 31 2024 | n/a | n/a | -€6m |
| Dec 31 2023 | €350k | €350k | -€5m |
| Sep 30 2023 | n/a | n/a | €1m |
| Jun 30 2023 | n/a | n/a | -€2m |
| Mar 31 2023 | n/a | n/a | -€6m |
| Dec 31 2022 | €192k | €175k | -€5m |
| Sep 30 2022 | n/a | n/a | -€3m |
| Jun 30 2022 | n/a | n/a | €2m |
| Mar 31 2022 | n/a | n/a | €3m |
| Dec 31 2021 | €27k | n/a | €4m |
| Sep 30 2021 | n/a | n/a | €4m |
| Jun 30 2021 | n/a | n/a | €4m |
| Mar 31 2021 | n/a | n/a | €3m |
| Dec 31 2020 | €28k | n/a | €2m |
| Sep 30 2020 | n/a | n/a | €3m |
| Jun 30 2020 | n/a | n/a | €3m |
| Mar 31 2020 | n/a | n/a | €2m |
| Dec 31 2019 | €28k | n/a | €3m |
| Sep 30 2019 | n/a | n/a | €864k |
| Jun 30 2019 | n/a | n/a | €944k |
| Mar 31 2019 | n/a | n/a | €508k |
| Dec 31 2018 | €23k | n/a | €356k |
Compensation vs Market: Aarne's total compensation ($USD365.88K) is about average for companies of similar size in the UK market ($USD356.78K).
Compensation vs Earnings: Aarne's compensation has increased whilst the company is unprofitable.
CEO
Aarne Aktan (51 yo)
2.6yrs
Tenure
€350,000
Compensation
Mr. Aarne Aktan serves as Chief Executive Officer at Solteq Oyj since July 1, 2022 and serves as Executive Vice President of Utilities since April 2024. He had been a Director of Solteq Oyj since October 1...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & EVP of Utilities | 2.6yrs | €350.00k | 0.046% € 5.1k | |
| CFO and Interim EVP of Retail & Commerce Segment | 1yr | no data | no data | |
| Director of Communications & Marketing | 6.1yrs | no data | no data | |
| Vice President of People & Culture and Member of Executive Team | 2yrs | no data | no data |
2.3yrs
Average Tenure
45yo
Average Age
Experienced Management: 0G5H's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | 16.8yrs | €71.00k | 0.088% € 9.9k | |
| Independent Director | 2.1yrs | €26.00k | no data | |
| Independent Director | 2.9yrs | €40.00k | no data | |
| Independent Director | 2.9yrs | €38.00k | no data | |
| Director | less than a year | no data | no data |
2.9yrs
Average Tenure
49yo
Average Age
Experienced Board: 0G5H'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 | 2025/02/18 11:29 |
| End of Day Share Price | 2024/11/21 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 |
|
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| 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
Solteq Oyj is covered by 2 analysts. 2 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 |
|---|---|
| Jerker Salokivi | Evli Bank plc |
| Joni Grönqvist | Inderes Oy |