Scatec Management

Management criteria checks 3/4

Scatec's CEO is Terje Pilskog, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is NOK5.77M, comprised of 69.1% salary and 30.9% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth NOK40.20M. The average tenure of the management team and the board of directors is 1.4 years and 3 years respectively.

Key information

Terje Pilskog

Chief executive officer

kr5.8m

Total compensation

CEO salary percentage	69.1%
CEO tenure	1.9yrs
CEO ownership	0.3%
Management average tenure	1.4yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Terje Pilskog's remuneration changed compared to Scatec's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr6m	kr4m	kr628m
Sep 30 2023	n/a	n/a	-kr176m
Jun 30 2023	n/a	n/a	kr35m
Mar 31 2023	n/a	n/a	-kr364m
Dec 31 2022	kr5m	kr3m	-kr1b
Sep 30 2022	n/a	n/a	-kr829m
Jun 30 2022	n/a	n/a	-kr953m
Mar 31 2022	n/a	n/a	-kr763m
Dec 31 2021	kr4m	kr3m	kr388m
Sep 30 2021	n/a	n/a	-kr316m
Jun 30 2021	n/a	n/a	-kr504m
Mar 31 2021	n/a	n/a	-kr695m
Dec 31 2020	kr3m	kr2m	-kr478m
Sep 30 2020	n/a	n/a	kr68m
Jun 30 2020	n/a	n/a	kr156m
Mar 31 2020	n/a	n/a	kr229m
Dec 31 2019	kr3m	kr2m	-kr39m
Sep 30 2019	n/a	n/a	kr19m
Jun 30 2019	n/a	n/a	kr2m
Mar 31 2019	n/a	n/a	kr125m
Dec 31 2018	kr3m	kr2m	kr140m
Sep 30 2018	n/a	n/a	kr59m
Jun 30 2018	n/a	n/a	kr428m
Mar 31 2018	n/a	n/a	kr317m
Dec 31 2017	kr2m	kr2m	kr339m

Compensation vs Market: Terje's total compensation ($USD525.30K) is below average for companies of similar size in the UK market ($USD1.33M).

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

CEO

Terje Pilskog (52 yo)

1.9yrs

Tenure

kr5,773,000

Compensation

Mr. Terje Pilskog serves as Chief Executive Officer of Scatec ASA since May 01, 2022. He serves as a Member of the Council at Stiftelsen Det Norske Veritas. Mr. Pilskog served as an Executive Vice Presiden...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Terje Pilskog	Chief Executive Officer	1.9yrs	kr5.77m	0.34% NOK 40.2m
Hans Hegge	Chief Financial Officer	1.1yrs	kr5.87m	0.0063% NOK 741.2k
Pal Strom	Executive Vice President of Operations & Maintenance	1.4yrs	kr3.04m	0.0012% NOK 136.7k
Siobhan Minnaar	Executive VP & General Counsel	1.2yrs	kr2.95m	no data
Roar Haugland	EVP of People	14.3yrs	kr3.39m	0.050% NOK 5.9m
Pal Helsing	Executive Vice President of Solutions	8.3yrs	kr3.85m	0.0039% NOK 459.6k
Ann-Mari Lillejord	Executive Vice President of Latin America & Europe	1.9yrs	kr3.16m	0.0064% NOK 750.6k
Ingrid Aarsnes	Vice President of Communications & IR	no data	no data	no data
Meera Bhatia	Senior Vice President of Communications	no data	no data	no data
Yoichi Murakami	Senior Vice President of Business Development	no data	no data	no data
Eliseo Ana	Executive Vice President of Asia	1.4yrs	no data	no data
Mohamed Amer	Executive Vice President of Green Hydrogen & Egypt	less than a year	no data	0.00026% NOK 30.6k

1.4yrs

Average Tenure

52yo

Average Age

Experienced Management: 0R3I's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Espen Gundersen	Independent Director	2yrs	kr462.00k	0.0063% NOK 741.2k
Jorgen Kildahl	Independent Director	3yrs	kr462.00k	0.0019% NOK 222.7k
Gisele Marchand	Independent Director	7.3yrs	kr524.00k	0.0023% NOK 266.3k
John Andersen	Chairman of the Board	11.3yrs	kr746.00k	no data
Maria Hanssen	Independent Director	4yrs	kr426.00k	0.0069% NOK 819.0k
Morten Henriksen	Director	less than a year	kr288.00k	0.0032% NOK 371.2k
Mette Krogsrud	Independent Director	2yrs	kr426.00k	0.0019% NOK 222.7k

3.0yrs

Average Tenure

58yo

Average Age

Experienced Board: 0R3I's board of directors are considered experienced (3 years average tenure).

Scatec Management

Management criteria checks 3/4

Key information

Recent management updates

Director recently bought kr199k worth of stock

Independent Director recently bought kr200k worth of stock

Scatec ASA Announces Mikkel Tørud Steps into New Role as EVP Green Hydrogen and Middle East and North Africa Region

Scatec ASA Announces Chief Financial Officer Changes, Effective March 1, 2023

Independent Director recently bought kr79k worth of stock

Scatec ASA Announces CFO Mikkel Tørud Will Take on A New Executive Management Role in the New Organization

Recent updates

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: kr3.95 (vs kr8.40 loss in FY 2022)

New major risk - Financial position

Scatec ASA Provides Power Production Guidance for the First Quarter 2024

Full year 2023 earnings released: EPS: kr3.95 (vs kr8.40 loss in FY 2022)

Globeleq Generation Limited acquired 52.5% stake in 40 MW Mocuba solar power plant in Mozambique from Scatec ASA (OB:SCATC).

Scatec ASA to Report Q4, 2024 Results on Jan 31, 2025

Director recently bought kr199k worth of stock

Third quarter 2023 earnings released: EPS: kr0.28 (vs kr1.61 in 3Q 2022)

New minor risk - Share price stability

Central Puerto S.A. (BASE:CEPU) completed the acquisition of 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR).

Central Puerto S.A. (BASE:CEPU) completed the acquisition of 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR).

Central Puerto S.A. (BASE:CEPU) reached an agreement to acquire 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR).

Second quarter 2023 earnings released: EPS: kr1.90 (vs kr0.61 loss in 2Q 2022)

New major risk - Revenue and earnings growth

Globeleq Generation Limited signed an agreement to acquire 40 MW Mocuba solar power plant in Mozambique from Scatec ASA (OB:SCATC) for $8.5 million.

New minor risk - Share price stability

First quarter 2023 earnings released: kr1.02 loss per share (vs kr7.14 loss in 1Q 2022)

Upcoming dividend of kr1.94 per share at 2.6% yield

Full year 2022 earnings released: kr8.40 loss per share (vs kr2.44 profit in FY 2021)

Independent Director recently bought kr200k worth of stock

Full year 2022 earnings released: kr8.40 loss per share (vs kr2.44 profit in FY 2021)

Scatec Asa Proposes Dividend for 2022, Payable Prior to 15 May 2023

Scatec ASA Announces Mikkel Tørud Steps into New Role as EVP Green Hydrogen and Middle East and North Africa Region

Scatec ASA Announces Chief Financial Officer Changes, Effective March 1, 2023

Scatec ASA to Report First Half, 2023 Results on Aug 18, 2023

Third quarter 2022 earnings released: EPS: kr1.60 (vs kr0.82 in 3Q 2021)

Independent Director recently bought kr79k worth of stock

Scatec ASA Announces CFO Mikkel Tørud Will Take on A New Executive Management Role in the New Organization

Scatec ASA(OB:SCATC) dropped from Oslo OBX Total Return Index

Insider recently sold kr13m worth of stock

Scatec ASA Provides Production Guidance for the Third Quarter and Full Year 2022

Second quarter 2022 earnings released: kr0.61 loss per share (vs kr0.58 profit in 2Q 2021)

Independent Director recently bought kr249k worth of stock

Scatec ASA Announces Executive Changes

First quarter 2022 earnings released: kr7.13 loss per share (vs kr0.11 profit in 1Q 2021)

Scatec ASA Proposes Dividend for 2021, Payable Prior to 15 May 2022

Scatec ASA Announces CEO Changes, Effective May 1, 2022

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Scatec ASA Proposes Cash Dividend for 2021, Payable Prior to 15 May 2022

Director recently bought kr318k worth of stock

Third quarter 2021 earnings released: EPS kr0.83 (vs kr0.43 loss in 3Q 2020)

Chief Financial Officer recently bought kr475k worth of stock

Scatec ASA Provides Production Guidance for the Third Quarter and Full Year 2021

Second quarter 2021 earnings released: EPS kr0.58 (vs kr0.76 loss in 2Q 2020)

Scatec ASA (OB:SCATC) agreed to acquire 50% majority stake in 900 Mega-Watt Power Generation Assets in Rajasthan from ACME Solar Holdings Limited.

Scatec ASA (OB:SCATC) commences an Equity Buyback Plan for 830,000 shares, representing 0.52% of its issued share capital, under the authorization approved on April 20, 2021.

Chief Executive Officer recently bought kr5.0m worth of stock

First quarter 2021 earnings released: EPS kr0.11 (vs kr1.87 in 1Q 2020)

Independent Director has left the company

Upcoming dividend of kr1.09 per share

Full year 2020 earnings released: kr3.52 loss per share (vs kr0.31 loss in FY 2019)

New 90-day low: kr250

Chief Executive Officer recently sold kr19m worth of stock

Full year 2020 earnings released: kr3.51 loss per share (vs kr0.31 loss in FY 2019)

Revenue misses expectations

Scatec ASA Appoints Jarl Kosberg as EVP Project Development Hydropower

New 90-day high: kr386

Scatec ASA Starts Commercial Operation of Another 32 Mw in Ukraine

New 90-day high: kr314

Scatec ASA to Report First Half, 2021 Results on Jul 23, 2021

New 90-day high: kr256

Director recently bought kr249k worth of stock

Director recently bought kr249k worth of stock

Scatec Solar ASA (OB:SSO) signed a binding agreement to acquire SN Power AS from Norfund for $1.2 billion.

Third-quarter earnings released: Revenue misses expectations

Third quarter earnings released

New 90-day high: kr256