Akastor Management

Management criteria checks 3/4

Akastor's CEO is Karl Kjelstad, appointed in Jan 2018, has a tenure of 6.25 years. total yearly compensation is NOK8.38M, comprised of 61% salary and 39% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth NOK9.38M. The average tenure of the management team and the board of directors is 3.6 years and 5.4 years respectively.

Key information

Karl Kjelstad

Chief executive officer

kr8.4m

Total compensation

CEO salary percentage	61.0%
CEO tenure	6.3yrs
CEO ownership	0.3%
Management average tenure	3.6yrs
Board average tenure	5.4yrs

Recent management updates

We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

Apr 10

Recent updates

We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

Apr 10

Akastor's (OB:AKAST) Returns On Capital Are Heading Higher

Dec 12

Akastor (OB:AKAST) Has A Somewhat Strained Balance Sheet

Jul 02

News Flash: One Akastor ASA (OB:AKAST) Analyst Has Been Trimming Their Revenue Forecasts

May 13

Akastor ASA (OB:AKAST) Just Reported Yearly Earnings And Analysts Are Lifting Their Estimates

Feb 19

It's Unlikely That The CEO Of Akastor ASA (OB:AKAST) Will See A Huge Pay Rise This Year

Apr 08

Akastor's (OB:AKAST) Shareholders Are Down 56% On Their Shares

Mar 10

Here's Why Akastor (OB:AKAST) Can Manage Its Debt Responsibly

Feb 12

Have Insiders Been Buying Akastor ASA (OB:AKAST) Shares?

Jan 17

What Type Of Shareholders Make Up Akastor ASA's (OB:AKAST) Share Registry?

Dec 21

A Look At Akastor's (OB:AKA) Share Price Returns

Nov 30

CEO Compensation Analysis

How has Karl Kjelstad's remuneration changed compared to Akastor's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr8m	kr5m	-kr386m
Sep 30 2023	n/a	n/a	-kr497m
Jun 30 2023	n/a	n/a	-kr315m
Mar 31 2023	n/a	n/a	-kr168m
Dec 31 2022	kr9m	kr5m	-kr331m
Sep 30 2022	n/a	n/a	-kr122m
Jun 30 2022	n/a	n/a	-kr285m
Mar 31 2022	n/a	n/a	-kr303m
Dec 31 2021	kr9m	kr5m	-kr221m
Sep 30 2021	n/a	n/a	-kr212m
Jun 30 2021	n/a	n/a	-kr176m
Mar 31 2021	n/a	n/a	-kr174m
Dec 31 2020	kr7m	kr5m	-kr534m
Sep 30 2020	n/a	n/a	-kr299m
Jun 30 2020	n/a	n/a	-kr260m
Mar 31 2020	n/a	n/a	-kr205m
Dec 31 2019	kr7m	kr5m	kr154m
Sep 30 2019	n/a	n/a	-kr278m
Jun 30 2019	n/a	n/a	-kr252m
Mar 31 2019	n/a	n/a	-kr98m
Dec 31 2018	kr7m	kr5m	-kr194m
Sep 30 2018	n/a	n/a	-kr460m
Jun 30 2018	n/a	n/a	-kr284m
Mar 31 2018	n/a	n/a	-kr1b
Dec 31 2017	kr7m	kr4m	-kr706m

Compensation vs Market: Karl's total compensation ($USD763.67K) is above average for companies of similar size in the Norwegian market ($USD551.50K).

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

CEO

Karl Kjelstad (57 yo)

6.3yrs

Tenure

kr8,376,000

Compensation

Mr. Karl Erik Kjelstad is a Director at HMH Holding B.V. He serves as Chief Executive Officer of Akastor ASA since January 01, 2018. Mr. Kjelstad served as the Head of Oilfield Services & Marine Assets at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Karl Kjelstad	Chief Executive Officer	6.3yrs	kr8.38m	0.26% NOK 9.4m
Oyvind Paaske	Chief Financial Officer	4.1yrs	kr3.71m	0.049% NOK 1.8m
Eirik Thomassen	General Counsel	no data	no data	no data
Paal Johnsen	Executive VP & Investment Director	8.7yrs	kr4.55m	no data
Jing Taklo	Head of Financial Reporting	4.3yrs	no data	0.013% NOK 473.0k
Kent Liane-Unsgaard	Head of Compliance	3.2yrs	no data	no data
Bruce Lethuillier	Senior Investment Manager & Head of Treasury	no data	no data	no data
Christian Starberg	Senior Financial Controller	2.3yrs	no data	no data
Kristin Sveen	Senior Group Controller	1.9yrs	no data	no data
Eirik Bergsvik	Chief Executive Officer of HMH	1.3yrs	no data	no data
Tom McGee	Chief Financial Officer of HMH	no data	no data	no data
David Bratton	Senior Vice President of Finance - HMH	no data	no data	no data

3.6yrs

Average Tenure

49yo

Average Age

Experienced Management: AKAST's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Merrill Miller	Chairman of HMH Holding	no data	no data	no data
Kathryn Baker	Director	no data	kr506.00k	0.017% NOK 612.0k
Lone Schroder	Independent Deputy Chairman	13.3yrs	kr861.00k	0.0016% NOK 59.1k
Frank Reite	Chairman	2yrs	kr672.00k	0.073% NOK 2.7m
Luis Antonio Araujo	Independent Director	3yrs	kr412.00k	no data
Svein Stoknes	Director	4yrs	kr377.00k	0.00047% NOK 17.2k
Stian Sjolund	Director	7.3yrs	kr189.00k	0.0037% NOK 133.9k
Henning Jensen	Director	6.8yrs	kr318.00k	no data
Asle Halvorsen	Director	6.8yrs	kr189.00k	0.0037% NOK 133.9k
Nanna Tollefsen	Deputy Director	3yrs	no data	no data

5.4yrs

Average Tenure

59yo

Average Age

Experienced Board: AKAST's board of directors are considered experienced (5.4 years average tenure).

Akastor Management

Management criteria checks 3/4

Key information

Recent management updates

We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

Akastor ASA, Annual General Meeting, Apr 16, 2024

Director recently sold kr227k worth of stock

No independent directors

No independent directors

Akastor Asa Elects Frank Reite as Chairperson

Recent updates

We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

Full year 2023 earnings released: kr1.42 loss per share (vs kr1.22 loss in FY 2022)

New major risk - Financial position

New major risk - Financial position

Full year 2023 earnings released

New minor risk - Profitability

Akastor's (OB:AKAST) Returns On Capital Are Heading Higher

Akastor ASA, Annual General Meeting, Apr 16, 2024

Akastor ASA to Report Q4, 2023 Results on Feb 14, 2024

New minor risk - Profitability

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Akastor (OB:AKAST) Has A Somewhat Strained Balance Sheet

News Flash: One Akastor ASA (OB:AKAST) Analyst Has Been Trimming Their Revenue Forecasts

Consensus revenue estimates fall by 17%

First quarter 2023 earnings released

Consensus revenue estimates increase by 13%

Akastor ASA (OB:AKAST) Just Reported Yearly Earnings And Analysts Are Lifting Their Estimates

Forecast breakeven date pushed back to 2025

Is Akastor (OB:AKAST) Using Too Much Debt?

Diamond Key International Pty Limited entered into a share purchase agreement to acquire Aker Cool Sorption A/S from Akastor ASA (OB:AKAST) for DKK 20.4 million.

Director recently sold kr227k worth of stock

No independent directors

Akastor ASA to Report Fiscal Year 2022 Results on Mar 29, 2023

Third quarter 2022 earnings released

Akastor ASA to Report Q4, 2022 Results on Feb 15, 2023

Is Akastor (OB:AKAST) Using Debt Sensibly?

Second quarter 2022 earnings released: EPS: kr0.23 (vs kr0.14 in 2Q 2021)

Is Akastor (OB:AKAST) A Risky Investment?

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to kr13.50

No independent directors

Akastor Asa Elects Frank Reite as Chairperson

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Akastor ASA Announces Executive Changes

Full year 2021 earnings: Revenues exceed analyst expectations

Akastor (OB:AKAST) Has Debt But No Earnings; Should You Worry?

Third quarter 2021 earnings released

First quarter 2021 earnings released: kr0.24 loss per share

Director has left the company

It's Unlikely That The CEO Of Akastor ASA (OB:AKAST) Will See A Huge Pay Rise This Year

Full year 2020 earnings released: kr1.72 loss per share (vs kr0.57 profit in FY 2019)

Akastor's (OB:AKAST) Shareholders Are Down 56% On Their Shares

Baker Hughes and Akastor ASA Announces Joint Venture Company to Deliver Global Offshore Drilling Solutions

New 90-day high: kr7.65

Full year 2020 earnings released

Here's Why Akastor (OB:AKAST) Can Manage Its Debt Responsibly

New 90-day low: kr6.55

Have Insiders Been Buying Akastor ASA (OB:AKAST) Shares?

What Type Of Shareholders Make Up Akastor ASA's (OB:AKAST) Share Registry?

Aker Solutions Wins Hook-Up and Commissioning Assistance Contract for Johan Sverdrup

A Look At Akastor's (OB:AKA) Share Price Returns

New 90-day high: kr7.62

Third quarter earnings released

Akastor ASA to Report Q4, 2020 Results on Feb 11, 2021

New 90-day high: kr7.39

Private Equity Partners SpA, Iniziativa Gestione Investimenti SGR, Alpinvest Holding NV, and Interbanca SpA, along with management, completed the acquisition of the Negri Bossi division of John Brown Plastics Machinery business from Aker Kvaerner ASA (OB:AKVER).

Akastor ASA (OB:AKA) entered into a term sheet to acquire remaining 50% stake in Aker DOF Deepwater AS from DOF ASA (OB:DOF).

New 90-day high - kr6.17

New 90-day high - kr5.60

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age