Edda Wind Management
Management criteria checks 1/4
Edda Wind's CEO is Kenneth Walland, appointed in Apr 2021, has a tenure of 3.42 years. total yearly compensation is €3.17M, comprised of 77.9% salary and 22.1% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth NOK5.54M. The average tenure of the management team and the board of directors is 1.6 years and 2.8 years respectively.
Key information
Kenneth Walland
Chief executive officer
€3.2m
Total compensation
| CEO salary percentage | 77.9% |
| CEO tenure | 3.4yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.6yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -€5m |
| Mar 31 2024 | n/a | n/a | -€2m |
| Dec 31 2023 | €3m | €2m | -€4m |
| Sep 30 2023 | n/a | n/a | €1m |
| Jun 30 2023 | n/a | n/a | -€46k |
| Mar 31 2023 | n/a | n/a | €720k |
| Dec 31 2022 | €3m | €3m | €2m |
| Sep 30 2022 | n/a | n/a | €2m |
| Jun 30 2022 | n/a | n/a | €2m |
| Mar 31 2022 | n/a | n/a | €2m |
| Dec 31 2021 | €234k | €162k | €2m |
Compensation vs Market: Kenneth's total compensation ($USD3.53M) is above average for companies of similar size in the UK market ($USD771.02K).
Compensation vs Earnings: Kenneth's compensation has been consistent with company performance over the past year.
CEO
Kenneth Walland
3.4yrs
Tenure
€3,165,584
Compensation
Mr. Kenneth Walland has been Chief Executive Officer of Østensjø Rederi AS since March 10, 2016. Mr. Walland is Chief Executive Officer of Edda Wind ASA since April 01, 2021. He served as the Chief Operati...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3.4yrs | €3.17m | 0.20% NOK 5.5m | |
| Chief Operating Officer | 2.2yrs | €1.76m | no data | |
| Chief Technology Officer | less than a year | €1.38m | no data | |
| Chief HR Officer | less than a year | €1.34m | no data | |
| Chief Commercial Officer | 3.4yrs | €1.93m | 0.042% NOK 1.2m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Vice President of Finance | no data | no data | no data |
1.6yrs
Average Tenure
Experienced Management: EWINDO's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 2.8yrs | €325.00k | 0.017% NOK 461.9k | |
| Director | 2.8yrs | €375.00k | no data | |
| Director | 2.8yrs | €325.00k | 0.026% NOK 717.5k | |
| Director | 2.8yrs | €325.00k | no data | |
| Chairman of the Board | less than a year | no data | no data |
2.8yrs
Average Tenure
Experienced Board: EWINDO's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/09/28 15:50 |
| End of Day Share Price | 2024/07/01 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Edda Wind ASA is covered by 4 analysts. 4 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 |
|---|---|
| Martin Karlsen | DNB Markets |
| Magnus Solheim | Fearnley Securities |
| Magnus Andersen | Fearnley Securities |