Grong Sparebank Management
Management criteria checks 2/4
Grongrebank's CEO is Jon Solum, appointed in Jan 2000, has a tenure of 24.33 years. directly owns 1.18% of the company’s shares, worth NOK6.68M. The average tenure of the management team and the board of directors is 2.1 years and 2.3 years respectively.
Key information
Jon Solum
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | 24.3yrs |
| CEO ownership | 1.2% |
| Management average tenure | 2.1yrs |
| Board average tenure | 2.3yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | kr72m |
| Sep 30 2023 | n/a | n/a | kr72m |
| Jun 30 2023 | n/a | n/a | kr69m |
| Mar 31 2023 | n/a | n/a | kr59m |
| Dec 31 2022 | n/a | n/a | kr76m |
| Sep 30 2022 | n/a | n/a | kr67m |
| Jun 30 2022 | n/a | n/a | kr60m |
| Mar 31 2022 | n/a | n/a | kr62m |
| Dec 31 2021 | kr2m | kr2m | kr38m |
| Sep 30 2021 | n/a | n/a | kr36m |
| Jun 30 2021 | n/a | n/a | kr41m |
| Mar 31 2021 | n/a | n/a | kr43m |
| Dec 31 2020 | kr2m | kr2m | kr40m |
| Sep 30 2020 | n/a | n/a | kr37m |
| Jun 30 2020 | n/a | n/a | kr35m |
| Mar 31 2020 | n/a | n/a | kr31m |
| Dec 31 2019 | kr2m | kr2m | kr26m |
| Sep 30 2019 | n/a | n/a | kr25m |
| Jun 30 2019 | n/a | n/a | kr25m |
| Mar 31 2019 | n/a | n/a | kr27m |
| Dec 31 2018 | kr2m | kr2m | kr24m |
| Sep 30 2018 | n/a | n/a | kr24m |
| Jun 30 2018 | n/a | n/a | kr22m |
| Mar 31 2018 | n/a | n/a | kr6m |
| Dec 31 2017 | kr2m | kr1m | kr22m |
Compensation vs Market: Insufficient data to establish whether Jon's total compensation is reasonable compared to companies of similar size in the Norwegian market.
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
CEO
Jon Solum (57 yo)
24.3yrs
Tenure
kr2,437,000
Compensation
Mr. Jon Håvard Solum has been Chief Executive Officer & General Manager at Grong Sparebank since 2000. Mr. Solum serves as Chairman of Nord-Trøndelag Elektrisitetsverk AS. He serves as a Member of Supervis...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & GM | 24.3yrs | kr2.44m | 1.18% NOK 6.7m | |
| Chief Financial Officer | 7.3yrs | kr1.14m | 0.093% NOK 524.3k | |
| Bank Manager of Private Market | no data | kr1.32m | 0.045% NOK 251.2k | |
| HR, Communication & Sustainability Manager | 2.8yrs | no data | 0.0059% NOK 33.4k | |
| Head of Department Mosjøen | no data | no data | no data | |
| Head of Division Namsos | no data | no data | no data | |
| Head of Insurance | 1.4yrs | no data | no data | |
| Head of Customer Center | less than a year | no data | no data | |
| Head of IT | less than a year | no data | no data |
2.1yrs
Average Tenure
Experienced Management: GRONG's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Employee Representative Director | 6.2yrs | kr75.00k | 0.21% NOK 1.2m | |
| Chairman of the Board | 17.3yrs | kr185.00k | 0.38% NOK 2.2m | |
| Director | no data | kr75.00k | 1.78% NOK 10.0m | |
| Deputy Chairman | no data | kr75.00k | 0.0059% NOK 33.4k | |
| Employee Representative Director | 2.3yrs | no data | no data | |
| Director | 2.3yrs | no data | 0.0059% NOK 33.4k | |
| Director | 1.3yrs | no data | no data |
2.3yrs
Average Tenure
Experienced Board: GRONG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.