Hexagon Composites Management
Management criteria checks 1/4
Hexagon Composites' CEO is Jon Engeset, appointed in Jan 2013, has a tenure of 11.33 years. total yearly compensation is NOK9.34M, comprised of 35.7% salary and 64.3% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth NOK6.89M. The average tenure of the management team and the board of directors is 3.2 years and 1.7 years respectively.
Key information
Jon Engeset
Chief executive officer
kr9.3m
Total compensation
| CEO salary percentage | 35.7% |
| CEO tenure | 11.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.2yrs |
| Board average tenure | 1.7yrs |
Recent management updates
Recent updates
Is Hexagon Composites (OB:HEX) A Risky Investment?
Mar 07
Hexagon Composites ASA's (OB:HEX) Share Price Could Signal Some Risk
Jan 03A Look At The Intrinsic Value Of Hexagon Composites ASA (OB:HEX)
Sep 19Hexagon Composites (OB:HEX) Is Carrying A Fair Bit Of Debt
Aug 20Hexagon Composites (OB:HEX) Is Making Moderate Use Of Debt
May 09Hexagon Composites ASA (OB:HEX) Analysts Are Pretty Bullish On The Stock After Recent Results
Feb 19Is Hexagon Composites (OB:HEX) Using Too Much Debt?
Feb 06Is Hexagon Composites (OB:HEX) Using Too Much Debt?
Sep 24Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?
Jun 12Here's Why Hexagon Composites (OB:HEX) Can Afford Some Debt
Feb 18Hexagon Composites (OB:HEX) Has Debt But No Earnings; Should You Worry?
Oct 26Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?
Jul 11Here's Why Hexagon Composites ASA's (OB:HEX) CEO Compensation Is The Least Of Shareholders' Concerns
Apr 21Health Check: How Prudently Does Hexagon Composites (OB:HEX) Use Debt?
Mar 20Is Hexagon Composites ASA's (OB:HEX) Shareholder Ownership Skewed Towards Insiders?
Dec 10How Much Are Hexagon Composites ASA (OB:HEX) Insiders Taking Off The Table?
Nov 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -kr844m |
| Sep 30 2023 | n/a | n/a | -kr427m |
| Jun 30 2023 | n/a | n/a | -kr265m |
| Mar 31 2023 | n/a | n/a | -kr318m |
| Dec 31 2022 | kr9m | kr3m | kr120m |
| Sep 30 2022 | n/a | n/a | kr509k |
| Jun 30 2022 | n/a | n/a | -kr40m |
| Mar 31 2022 | n/a | n/a | -kr133m |
| Dec 31 2021 | kr9m | kr3m | -kr237m |
| Sep 30 2021 | n/a | n/a | -kr235m |
| Jun 30 2021 | n/a | n/a | -kr244m |
| Mar 31 2021 | n/a | n/a | -kr270m |
| Dec 31 2020 | kr8m | kr4m | -kr141m |
| Sep 30 2020 | n/a | n/a | -kr51m |
| Jun 30 2020 | n/a | n/a | kr51m |
| Mar 31 2020 | n/a | n/a | kr101m |
| Dec 31 2019 | kr7m | kr4m | kr107m |
| Sep 30 2019 | n/a | n/a | kr120m |
| Jun 30 2019 | n/a | n/a | kr97m |
| Mar 31 2019 | n/a | n/a | kr187m |
| Dec 31 2018 | kr6m | kr4m | kr141m |
| Sep 30 2018 | n/a | n/a | kr149m |
| Jun 30 2018 | n/a | n/a | kr133m |
| Mar 31 2018 | n/a | n/a | kr85m |
| Dec 31 2017 | kr7m | kr3m | kr69m |
Compensation vs Market: Jon's total compensation ($USD841.74K) is above average for companies of similar size in the Norwegian market ($USD542.42K).
Compensation vs Earnings: Jon's compensation has increased whilst the company is unprofitable.
CEO
Jon Engeset
11.3yrs
Tenure
kr9,343,000
Compensation
Mr. Jon Erik Engeset serves as Chief Executive Officer at Hexagon Composites ASA. He had been Group President at Hexagon Composites ASA until April 2024. Mr. Engeset served as Chief Executive Officer of Sa...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 11.3yrs | kr9.34m | 0.20% NOK 6.9m | |
| Chief Financial Officer | 10.3yrs | kr4.80m | 0.095% NOK 3.2m | |
| Group Chief Operating Officer | 1.2yrs | kr311.00k | 0.0019% NOK 65.4k | |
| Senior Vice President of Communications | 4yrs | kr3.48m | 0.0077% NOK 261.5k | |
| President of Hexagon Ragasco | no data | kr4.93m | no data | |
| Senior Vice President of Sustainability | 2.3yrs | kr5.00m | 0.024% NOK 810.7k | |
| CEO & President of Hexagon Purus | 4.2yrs | kr7.11m | no data | |
| Acting President Digital Wave | no data | kr5.76m | 0.056% NOK 1.9m | |
| Head of Group Accounting | no data | no data | no data | |
| Vice President of Investor Relations & ESG | no data | no data | no data | |
| Senior Vice President of Legal & Government Affairs | 1.2yrs | no data | 0.0049% NOK 164.3k | |
| Vice President of Corporate Development | 1.2yrs | no data | 0.0070% NOK 234.8k |
3.2yrs
Average Tenure
59yo
Average Age
Experienced Management: HEX's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 24.3yrs | kr1.02m | 10.71% NOK 361.4m | |
| Independent Deputy Chair | 13.3yrs | kr465.00k | 0.0050% NOK 167.7k | |
| Independent Director | 1.7yrs | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 4.1yrs | kr352.00k | no data | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data |
1.7yrs
Average Tenure
60.5yo
Average Age
Experienced Board: HEX's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.