IPAS Indexo Management

Management criteria checks 2/4

IPAS Indexo's CEO is Henrik Karmo, appointed in Aug 2018, has a tenure of 6.5 years. total yearly compensation is €23.07K, comprised of 99.4% salary and 0.6% bonuses, including company stock and options. directly owns 2.1% of the company’s shares, worth €1.09M. The average tenure of the management team and the board of directors is 1.5 years and 4.2 years respectively.

Key information

Henrik Karmo

Chief executive officer

€23.1k

Total compensation

CEO salary percentage99.4%
CEO tenure6.5yrs
CEO ownership2.1%
Management average tenure1.5yrs
Board average tenure4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Henrik Karmo's remuneration changed compared to IPAS Indexo's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-€4m

Jun 30 2024n/an/a

-€3m

Mar 31 2024n/an/a

-€3m

Dec 31 2023€23k€23k

-€3m

Compensation vs Market: Henrik's total compensation ($USD23.92K) is below average for companies of similar size in the LV market ($USD292.40K).

Compensation vs Earnings: Insufficient data to compare Henrik's compensation with company performance.


CEO

Henrik Karmo

6.5yrs

Tenure

€23,074

Compensation

Mr. Henrik Karmo is Member of the Management Board of IPAS Indexo AS from August 16, 2018 and serves as its Chairman of Management Board since May 2024 and he Founder of IPAS Indexo AS. He joined the Ipas...


Leadership Team

NamePositionTenureCompensationOwnership
Henrik Karmo
Founder & Chairman Of the Management Board6.5yrs€23.07k2.1%
€ 1.1m
Ieva Bauma
Marketingno data€43.63k0.054%
€ 27.6k
Valdis Siksnis
Head of INDEXO Bankless than a year€65.65k2.1%
€ 1.1m
Arturs Roze
Member of Management Boardless than a yearno datano data
Liga Klavina
Operational Risk Manager4.1yrsno datano data
Marija Cernostana
Member of Management Boardless than a yearno datano data
Gints Ozolin
Head of Technology Development2.6yrsno datano data
Vladimirs Bolbats
Head of Development of Its Retail Banking Segment2.3yrsno datano data
Eva Salmgrieze
Head of the Sales Teamno datano datano data
Gatis Aleksandrovs
Acting Chief Risk Officer & Head of the Risk Management of INDEXOless than a yearno datano data

1.5yrs

Average Tenure

Experienced Management: IDX1R's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Martins Jaunarajs
Member of the Supervisory Boardless than a yearno datano data
Svens Dinsdorfs
Vice President of the Supervisory Board7.7yrs€3.50kno data
Ramona Miglane
Member of Supervisory Board1.9yrs€2.50kno data
Ivita Asare
Member of Supervisory Board1.9yrs€3.00k0.019%
€ 9.8k
Valdis Vancovics
Chairman of the Supervisory Board6.5yrs€3.50k1.22%
€ 628.4k
Renats Lokomets
Member of the Supervisory Board7.5yrs€3.50kno data

4.2yrs

Average Tenure

Experienced Board: IDX1R's board of directors are considered experienced (4.2 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/01 23:50
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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Analyst Sources

IPAS Indexo AS is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution