Magnora's CEO is Erik Sneve, appointed in Apr 2019, has a tenure of 6.33 years. total yearly compensation is NOK7.09M, comprised of 52.1% salary and 47.9% bonuses, including company stock and options. directly owns 1.85% of the company’s shares, worth NOK27.17M. The average tenure of the management team and the board of directors is 4.4 years and 7.3 years respectively.
Key information
Erik Sneve
Chief executive officer
NOK 7.1m
Total compensation
CEO salary percentage
52.09%
CEO tenure
6.3yrs
CEO ownership
1.9%
Management average tenure
4.4yrs
Board average tenure
7.3yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Erik Sneve's remuneration changed compared to Magnora's earnings?
Date
Total Compensation
Salary
Company Earnings
Jun 30 2025
n/a
n/a
NOK 240m
Mar 31 2025
n/a
n/a
NOK 322m
Dec 31 2024
NOK 7m
NOK 4m
NOK 278m
Sep 30 2024
n/a
n/a
NOK 283m
Jun 30 2024
n/a
n/a
NOK 27m
Mar 31 2024
n/a
n/a
NOK 177m
Dec 31 2023
NOK 7m
NOK 3m
NOK 187m
Sep 30 2023
n/a
n/a
NOK 256m
Jun 30 2023
n/a
n/a
NOK 259m
Mar 31 2023
n/a
n/a
NOK 38m
Dec 31 2022
NOK 5m
NOK 2m
NOK 13m
Sep 30 2022
n/a
n/a
-NOK 71m
Jun 30 2022
n/a
n/a
-NOK 71m
Mar 31 2022
n/a
n/a
-NOK 73m
Dec 31 2021
NOK 5m
NOK 2m
-NOK 63m
Sep 30 2021
n/a
n/a
-NOK 27m
Jun 30 2021
n/a
n/a
-NOK 4m
Mar 31 2021
n/a
n/a
NOK 18m
Dec 31 2020
NOK 5m
NOK 2m
NOK 29m
Sep 30 2020
n/a
n/a
NOK 27m
Jun 30 2020
n/a
n/a
NOK 25m
Mar 31 2020
n/a
n/a
NOK 15m
Dec 31 2019
NOK 2m
NOK 2m
NOK 20m
Compensation vs Market: Erik's total compensation ($USD695.29K) is above average for companies of similar size in the UK market ($USD399.34K).
Compensation vs Earnings: Erik's compensation has been consistent with company performance over the past year.
CEO
Erik Sneve
6.3yrs
Tenure
NOK 7,091,000
Compensation
Mr. Erik Daylemani Sneve serves as the Chairman of Hermana Holding ASA. He is Chief Executive Officer of Magnora ASA since April 16, 2019. Mr. Sneve was Acting Chief Executive Officer of Magnora ASA from A...
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Torstein Sanness
Executive Chairman
8.3yrs
NOK 1.19m
1.06% NOK 15.6m
Erik Sneve
Chief Executive Officer
6.3yrs
NOK 7.09m
1.85% NOK 27.2m
Bard Olsen
Chief Financial Officer
5.9yrs
NOK 2.94m
0.18% NOK 2.7m
Stein Bjornstad
Chief Operating Officer
1.1yrs
NOK 2.59m
0.034% NOK 493.4k
Hannah Hoydal
Investment Manager
no data
no data
0.0020% NOK 29.2k
Haakon Alfstad
Executive Vice President of Projects
4.4yrs
no data
no data
Trond Gartner
Senior Vice President of Business Development
3.8yrs
no data
no data
Emilie Brackman
VP of Offshore Wind & CEO of Magnora Offshore Wind
no data
no data
no data
Morten Strømgren
SVP of Ownership & Investments
less than a year
no data
0.016% NOK 229.5k
4.4yrs
Average Tenure
Experienced Management: MGNO's management team is considered experienced (4.4 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Torstein Sanness
Executive Chairman
8.3yrs
NOK 1.19m
1.06% NOK 15.6m
John Hamilton
Director
6.7yrs
NOK 370.00k
0.053% NOK 776.6k
Hilde Adland
Director
7.3yrs
NOK 290.00k
0.061% NOK 895.3k
7.3yrs
Average Tenure
60yo
Average Age
Experienced Board: MGNO's board of directors are considered experienced (7.3 years average tenure).
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2025/08/16 23:25
End of Day Share Price
2025/05/20 00:00
Earnings
2025/06/30
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.
* 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
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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
Magnora ASA is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.