Sparebanken Sør Management
Management criteria checks 2/4
Sparebanken Sør's CEO is Geir Bergskaug, appointed in Jan 2014, has a tenure of 10.33 years. total yearly compensation is NOK5.36M, comprised of 75.6% salary and 24.4% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth NOK12.00M. The average tenure of the management team and the board of directors is 1.3 years and 2.1 years respectively.
Key information
Geir Bergskaug
Chief executive officer
kr5.4m
Total compensation
| CEO salary percentage | 75.6% |
| CEO tenure | 10.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.3yrs |
| Board average tenure | 2.1yrs |
Recent management updates
We Think The Compensation For Sparebanken Sør's (OB:SOR) CEO Looks About Right
Mar 15
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Sparebanken Sør's (OB:SOR) CEO For Now
Mar 24Recent updates
We Think The Compensation For Sparebanken Sør's (OB:SOR) CEO Looks About Right
Mar 15We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Sparebanken Sør's (OB:SOR) CEO For Now
Mar 24Analyst Forecasts Just Became More Bearish On Sparebanken Sør (OB:SOR)
May 17Zooming in on OB:SOR's 4.4% Dividend Yield
Mar 30Are Institutions Heavily Invested In Sparebanken Sør's (OB:SOR) Shares?
Mar 02Shareholders Of Sparebanken Sør (OB:SOR) Have Received 78% On Their Investment
Feb 01How Much Is Sparebanken Sør (OB:SOR) Paying Its CEO?
Dec 27
What Type Of Shareholders Make Up Sparebanken Sør's (OB:SOR) Share Registry?
Nov 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | kr5m | kr4m | kr684m |
| Sep 30 2023 | n/a | n/a | kr708m |
| Jun 30 2023 | n/a | n/a | kr633m |
| Mar 31 2023 | n/a | n/a | kr635m |
| Dec 31 2022 | kr5m | kr3m | kr496m |
| Sep 30 2022 | n/a | n/a | kr362m |
| Jun 30 2022 | n/a | n/a | kr309m |
| Mar 31 2022 | n/a | n/a | kr254m |
| Dec 31 2021 | kr6m | kr3m | kr191m |
| Sep 30 2021 | n/a | n/a | kr193m |
| Jun 30 2021 | n/a | n/a | kr194m |
| Mar 31 2021 | n/a | n/a | kr191m |
| Dec 31 2020 | kr5m | kr3m | kr177m |
| Sep 30 2020 | n/a | n/a | kr161m |
| Jun 30 2020 | n/a | n/a | kr168m |
| Mar 31 2020 | n/a | n/a | kr171m |
| Dec 31 2019 | kr5m | kr3m | kr183m |
| Sep 30 2019 | n/a | n/a | kr170m |
| Jun 30 2019 | n/a | n/a | kr152m |
| Mar 31 2019 | n/a | n/a | kr156m |
| Dec 31 2018 | kr5m | kr3m | kr158m |
| Sep 30 2018 | n/a | n/a | kr180m |
| Jun 30 2018 | n/a | n/a | kr187m |
| Mar 31 2018 | n/a | n/a | kr178m |
| Dec 31 2017 | kr5m | kr3m | kr175m |
Compensation vs Market: Geir's total compensation ($USD483.08K) is about average for companies of similar size in the Norwegian market ($USD542.42K).
Compensation vs Earnings: Geir's compensation has been consistent with company performance over the past year.
CEO
Geir Bergskaug (63 yo)
10.3yrs
Tenure
kr5,362,000
Compensation
Mr. Geir Bergskaug has been Chief Executive Officer of Sparebanken Sør since January 1, 2014 and serves as its Director. Mr. Bergskaug served as Chief Executive Officer of Sparebanken Sør Boligkreditt AS (...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.3yrs | kr5.36m | 0.20% NOK 12.0m | |
| Chief Financial Officer | 1.9yrs | kr2.01m | no data | |
| Chief Risk Officer | less than a year | kr2.40m | no data | |
| Executive Vice President of Corporate Customer Division | less than a year | kr2.88m | no data | |
| Executive Vice President of Group Head Office | less than a year | kr2.30m | no data | |
| Executive Vice President of Business Development | no data | kr2.27m | no data | |
| Executive Vice President of Strategy | less than a year | kr2.16m | no data | |
| Executive Vice President of Process Improvement | less than a year | kr2.11m | no data | |
| Executive Vice President of Retail Market | 1.3yrs | kr6.50m | no data | |
| Executive Vice President of Marketing & Communications | 2.8yrs | kr1.56m | no data | |
| Controller | 3.3yrs | no data | no data | |
| Controller | 3.3yrs | no data | no data |
1.3yrs
Average Tenure
53yo
Average Age
Experienced Management: SOR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | no data | kr5.36m | 0.20% NOK 12.0m | |
| Independent Director | 2.1yrs | kr256.00k | no data | |
| Independent Chairman of the Board | 2.1yrs | kr413.00k | no data | |
| Independent Director | 3.5yrs | kr250.00k | no data | |
| Trustee | no data | no data | no data | |
| Independent Deputy Chairman | 2.1yrs | kr274.00k | no data | |
| Chairman of Board of Trustees | 4.2yrs | no data | no data | |
| Employee Representative Director | less than a year | no data | no data | |
| Deputy Chair of Board of Trustees | 3.3yrs | no data | no data | |
| Independent Director | 3.5yrs | kr228.00k | no data | |
| Independent Director | 2.1yrs | kr197.00k | no data | |
| Permanent attendee of Board of Trustees | no data | no data | no data |
2.1yrs
Average Tenure
61yo
Average Age
Experienced Board: SOR's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.