Vitec Software Group AB (publ)

LSE:0RDI Stock Report

Market Cap: SEK 19.0b

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 3.58 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 SEK20.74M. The average tenure of the management team and the board of directors is 3.4 years and 12.5 years respectively.

Key information

Olle Backman

Chief executive officer

SEK 5.0m

Total compensation

CEO salary percentage89.5%
CEO tenure3.6yrs
CEO ownership0.1%
Management average tenure3.4yrs
Board average tenure12.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Olle Backman's remuneration changed compared to Vitec Software Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

SEK 393m

Jun 30 2024n/an/a

SEK 370m

Mar 31 2024n/an/a

SEK 348m

Dec 31 2023SEK 5mSEK 5m

SEK 339m

Sep 30 2023n/an/a

SEK 327m

Jun 30 2023n/an/a

SEK 304m

Mar 31 2023n/an/a

SEK 260m

Dec 31 2022SEK 5mSEK 4m

SEK 245m

Sep 30 2022n/an/a

SEK 233m

Jun 30 2022n/an/a

SEK 221m

Mar 31 2022n/an/a

SEK 229m

Dec 31 2021SEK 4mSEK 3m

SEK 207m

Compensation vs Market: Olle's total compensation ($USD471.38K) is below average for companies of similar size in the UK market ($USD2.12M).

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

CEO

Olle Backman (55 yo)

3.6yrs

Tenure

SEK 5,038,000

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

NamePositionTenureCompensationOwnership
Lars Stenlund
Founder & Chairman of the Board3.6yrsSEK 613.00k3.41%
SEK 648.6m
Olle Backman
CEO, President & Director3.6yrsSEK 5.04m0.11%
SEK 20.3m
Peter Lidström
Chief Financial Officerless than a yearno datano data
Gert Gustafsson
Chief Operating Officer4.7yrsno data0.040%
SEK 7.6m
Jerker Vallbo
CIO & CTOno datano data1.43%
SEK 272.4m
Patrik Fransson
Investor Relations Officer7.8yrsno datano data
Anna Andersson
Head of Human Resources3.4yrsno data0.0080%
SEK 1.5m
Sara Nilsson
Head of Group Reporting & Controllingless than a yearno data0.017%
SEK 3.2m
Anna-Karin Nilsson
Head of Brand3.4yrsno data0.0030%
SEK 571.4k
Ales Zobec
Head of M&A3.4yrsno data0.032%
SEK 6.1m
Richard Larsson
Chief Executive Officer of Software for Estate Agents - Swedenno datano datano data
Janne Vainio
Chief Executive Officer of Vitec Acute8.7yrsno datano data

3.4yrs

Average Tenure

55yo

Average Age

Experienced Management: 0RDI's management team is considered experienced (3.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Lars Stenlund
Founder & Chairman of the Board3.6yrsSEK 613.00k3.41%
SEK 648.6m
Olle Backman
CEO, President & Director3.8yrsSEK 5.04m0.11%
SEK 20.3m
Birgitta Johansson-Hedberg
Independent Director13.8yrsSEK 217.00k0.019%
SEK 3.6m
Kaj Sandart
Independent Director26.8yrsSEK 217.00k0.26%
SEK 50.3m
Malin Ruijsenaars
Independent Director1.6yrsSEK 147.00kno data
Jan Friedman
Independent Director14.8yrsSEK 217.00k0.043%
SEK 8.1m
Anna Valtonen
Independent Director12.5yrsSEK 217.00kno data

12.5yrs

Average Tenure

66yo

Average Age

Experienced Board: 0RDI's board of directors are seasoned and experienced ( 12.5 years average tenure).