Telenor Management
Management criteria checks 3/4
Telenor's CEO is Sigve Brekke, appointed in Aug 2015, has a tenure of 8.42 years. total yearly compensation is NOK16.26M, comprised of 44.8% salary and 55.2% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth NOK21.84M. The average tenure of the management team and the board of directors is 3.7 years and 0.7 years respectively.
Key information
Sigve Brekke
Chief executive officer
NOK 16.3m
Total compensation
| CEO salary percentage | 44.8% |
| CEO tenure | 8.4yrs |
| CEO ownership | 0.01% |
| Management average tenure | 3.7yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | NOK 8b |
| Jun 30 2023 | n/a | n/a | NOK 6b |
| Mar 31 2023 | n/a | n/a | NOK 4b |
| Dec 31 2022 | NOK 16m | NOK 7m | NOK 11b |
| Sep 30 2022 | n/a | n/a | NOK 4b |
| Jun 30 2022 | n/a | n/a | NOK 6b |
| Mar 31 2022 | n/a | n/a | NOK 9b |
| Dec 31 2021 | NOK 15m | NOK 7m | NOK 6b |
| Sep 30 2021 | n/a | n/a | NOK 15b |
| Jun 30 2021 | n/a | n/a | NOK 17b |
| Mar 31 2021 | n/a | n/a | NOK 17b |
| Dec 31 2020 | NOK 15m | NOK 7m | NOK 14b |
| Sep 30 2020 | n/a | n/a | NOK 10b |
| Jun 30 2020 | n/a | n/a | NOK 5b |
| Mar 31 2020 | n/a | n/a | NOK 5b |
| Dec 31 2019 | NOK 15m | NOK 7m | NOK 9b |
| Sep 30 2019 | n/a | n/a | NOK 4b |
| Jun 30 2019 | n/a | n/a | NOK 8b |
| Mar 31 2019 | n/a | n/a | NOK 8b |
| Dec 31 2018 | NOK 16m | NOK 7m | NOK 9b |
| Sep 30 2018 | n/a | n/a | NOK 12b |
| Jun 30 2018 | n/a | n/a | NOK 14b |
| Mar 31 2018 | n/a | n/a | NOK 11b |
| Dec 31 2017 | NOK 14m | NOK 7m | NOK 10b |
Compensation vs Market: Sigve's total compensation ($USD1.56M) is below average for companies of similar size in the UK market ($USD5.20M).
Compensation vs Earnings: Sigve's compensation has been consistent with company performance over the past year.
CEO
Sigve Brekke (64 yo)
8.4yrs
Tenure
NOK 16,259,000
Compensation
Mr. Sigve Brekke has been the Group Chief Executive Officer and President of Telenor ASA since August 17, 2015. Mr. Brekke served as the Chief Executive Officer of Total Access Communication Public Company...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Group CEO | 8.4yrs | NOK 16.26m | 0.013% NOK 21.8m | |
| Executive VP & CFO | 3.7yrs | NOK 7.09m | no data | |
| Executive VP and Chief People | no data | NOK 5.01m | no data | |
| Executive VP & Head of Asia | 7.2yrs | NOK 7.69m | 0.0050% NOK 8.4m | |
| Executive VP & Head of Nordics | 3.7yrs | NOK 12.93m | no data | |
| EVP & Head of Telenor Amp | 1.3yrs | NOK 5.58m | no data | |
| EVP & Head of Telenor Infrastructure | 1.3yrs | NOK 4.46m | no data | |
| Executive VP & CTO | less than a year | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| General Counsel | no data | no data | no data | |
| Acting Senior VP & Head of Communications | no data | no data | no data | |
| Head of Online Marketplaces | no data | no data | no data |
3.7yrs
Average Tenure
53.5yo
Average Age
Experienced Management: TELO's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 3.7yrs | NOK 592.00k | no data | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Chair of the Corporate Assembly | less than a year | no data | no data | |
| Employee Representative Director | 2.7yrs | NOK 482.00k | no data | |
| Chairman | less than a year | no data | 0.0029% NOK 4.8m | |
| Deputy Chair of the Board | less than a year | no data | no data | |
| Director | 3.7yrs | NOK 524.00k | no data | |
| Employee Representative Director | less than a year | NOK 176.00k | no data | |
| Deputy Chair of Corporate Assembly | 5yrs | no data | no data | |
| Director | 1.7yrs | NOK 347.00k | no data | |
| Employee Representative Director | less than a year | no data | no data |
0.7yrs
Average Tenure
58yo
Average Age
Experienced Board: TELO's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.