StrongPoint Management
Management criteria checks 2/4
StrongPoint's CEO is Jacob Tveraabak, appointed in Aug 2018, has a tenure of 5.92 years. total yearly compensation is NOK4.33M, comprised of 70.9% salary and 29.1% bonuses, including company stock and options. directly owns 0.56% of the company’s shares, worth NOK2.78M. The average tenure of the management team and the board of directors is 3.4 years and 2.3 years respectively.
Key information
Jacob Tveraabak
Chief executive officer
NOK 4.3m
Total compensation
| CEO salary percentage | 70.87% |
| CEO tenure | 5.9yrs |
| CEO ownership | 0.6% |
| Management average tenure | 3.4yrs |
| Board average tenure | 2.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -NOK 71m |
| Mar 31 2024 | n/a | n/a | -NOK 51m |
| Dec 31 2023 | NOK 4m | NOK 3m | -NOK 34m |
| Sep 30 2023 | n/a | n/a | NOK 8m |
| Jun 30 2023 | n/a | n/a | NOK 25m |
| Mar 31 2023 | n/a | n/a | NOK 31m |
| Dec 31 2022 | NOK 4m | NOK 3m | NOK 29m |
| Sep 30 2022 | n/a | n/a | NOK 26m |
| Jun 30 2022 | n/a | n/a | NOK 18m |
| Mar 31 2022 | n/a | n/a | NOK 17m |
| Dec 31 2021 | NOK 4m | NOK 3m | NOK 22m |
| Sep 30 2021 | n/a | n/a | NOK 21m |
| Jun 30 2021 | n/a | n/a | NOK 33m |
| Mar 31 2021 | n/a | n/a | NOK 34m |
| Dec 31 2020 | NOK 4m | NOK 3m | NOK 26m |
| Sep 30 2020 | n/a | n/a | NOK 21m |
| Jun 30 2020 | n/a | n/a | NOK 13m |
| Mar 31 2020 | n/a | n/a | NOK 15m |
| Dec 31 2019 | NOK 4m | NOK 3m | NOK 27m |
| Sep 30 2019 | n/a | n/a | NOK 21m |
| Jun 30 2019 | n/a | n/a | NOK 21m |
| Mar 31 2019 | n/a | n/a | NOK 21m |
| Jan 01 2019 | n/a | n/a | NOK 13m |
Compensation vs Market: Jacob's total compensation ($USD392.62K) is about average for companies of similar size in the UK market ($USD366.74K).
Compensation vs Earnings: Jacob's compensation has increased whilst the company is unprofitable.
CEO
Jacob Tveraabak (48 yo)
Mr. Jacob Tveraabak has been Chief Executive Officer of StrongPoint ASA since August 01, 2018. After his degree in Business Administration from NHH, Mr. Tveraabak worked with McKinsey & Company for several...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 5.9yrs | NOK 4.33m | 0.56% NOK 2.8m | |
| Chief Financial Officer | less than a year | NOK 3.84m | 0.048% NOK 237.1k | |
| Senior Vice President of Product | no data | NOK 1.94m | 0.11% NOK 547.4k | |
| Senior VP of People | 4.2yrs | NOK 2.37m | 0.11% NOK 521.6k | |
| Senior Vice President of Baltics & Finland | 4.5yrs | NOK 1.80m | 0.10% NOK 499.0k | |
| Senior Vice President of Spain | 3.4yrs | NOK 2.19m | 0.079% NOK 389.8k | |
| Senior Vice President of Norway & Sweden | 2.4yrs | NOK 3.05m | 0.061% NOK 303.1k | |
| Senior VP of International Expansion Sales & Marketing Director E-Com | no data | NOK 1.51m | no data | |
| SVP of StrongPoint ALS UK & Ireland | less than a year | no data | no data | |
| Communications Consultant | no data | no data | no data |
Experienced Management: STROO's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | less than a year | no data | 0.0019% NOK 9.5k | |
| Independent Chairman of the Board | 8.3yrs | NOK 659.00k | 0.26% NOK 1.3m | |
| Independent Director | 4.3yrs | NOK 346.00k | 0.062% NOK 308.7k | |
| Independent Director | 2.3yrs | NOK 300.00k | 0.017% NOK 82.4k | |
| Independent Director | 1.3yrs | NOK 269.00k | 0.057% NOK 280.7k |
Experienced Board: STROO's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/07/23 03:05 |
| End of Day Share Price | 2024/04/25 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 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
StrongPoint ASA is covered by 6 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 |
|---|---|
| Petter Nyström | ABG Sundal Collier Sponsored |
| null null | ABG Sundal Collier Sponsored |
| Fredrik Thoresen | DNB Carnegie |