Akastor Management
Management criteria checks 3/4
Akastor's CEO is Karl Kjelstad, appointed in Jan 2018, has a tenure of 6.5 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 NOK11.66M. The average tenure of the management team and the board of directors is 3 years and 5.6 years respectively.
Key information
Karl Kjelstad
Chief executive officer
NOK 8.4m
Total compensation
| CEO salary percentage | 61.0% |
| CEO tenure | 6.5yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3yrs |
| Board average tenure | 5.6yrs |
Recent management updates
Recent updates
Akastor (OB:AKAST) Is Posting Healthy Earnings, But It Is Not All Good News
Jul 18
Akastor ASA's (OB:AKAST) Shares Climb 26% But Its Business Is Yet to Catch Up
May 01We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation
Apr 10Akastor's (OB:AKAST) Returns On Capital Are Heading Higher
Dec 12Akastor (OB:AKAST) Has A Somewhat Strained Balance Sheet
Jul 02News Flash: One Akastor ASA (OB:AKAST) Analyst Has Been Trimming Their Revenue Forecasts
May 13Akastor ASA (OB:AKAST) Just Reported Yearly Earnings And Analysts Are Lifting Their Estimates
Feb 19Is Akastor (OB:AKAST) Using Too Much Debt?
Jan 14Is Akastor (OB:AKAST) Using Debt Sensibly?
Sep 15Is Akastor (OB:AKAST) A Risky Investment?
Jun 04Akastor (OB:AKAST) Has Debt But No Earnings; Should You Worry?
Jan 17It's Unlikely That The CEO Of Akastor ASA (OB:AKAST) Will See A Huge Pay Rise This Year
Apr 08Akastor's (OB:AKAST) Shareholders Are Down 56% On Their Shares
Mar 10Here's Why Akastor (OB:AKAST) Can Manage Its Debt Responsibly
Feb 12
Have Insiders Been Buying Akastor ASA (OB:AKAST) Shares?
Jan 17What Type Of Shareholders Make Up Akastor ASA's (OB:AKAST) Share Registry?
Dec 21A Look At Akastor's (OB:AKA) Share Price Returns
Nov 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | NOK 1b |
| Mar 31 2024 | n/a | n/a | NOK 244m |
| Dec 31 2023 | NOK 8m | NOK 5m | -NOK 386m |
| Sep 30 2023 | n/a | n/a | -NOK 497m |
| Jun 30 2023 | n/a | n/a | -NOK 366m |
| Mar 31 2023 | n/a | n/a | -NOK 219m |
| Dec 31 2022 | NOK 9m | NOK 5m | -NOK 331m |
| Sep 30 2022 | n/a | n/a | -NOK 122m |
| Jun 30 2022 | n/a | n/a | -NOK 285m |
| Mar 31 2022 | n/a | n/a | -NOK 303m |
| Dec 31 2021 | NOK 9m | NOK 5m | -NOK 221m |
| Sep 30 2021 | n/a | n/a | -NOK 212m |
| Jun 30 2021 | n/a | n/a | -NOK 176m |
| Mar 31 2021 | n/a | n/a | -NOK 174m |
| Dec 31 2020 | NOK 7m | NOK 5m | -NOK 534m |
| Sep 30 2020 | n/a | n/a | -NOK 299m |
| Jun 30 2020 | n/a | n/a | -NOK 260m |
| Mar 31 2020 | n/a | n/a | -NOK 205m |
| Dec 31 2019 | NOK 7m | NOK 5m | NOK 154m |
| Sep 30 2019 | n/a | n/a | -NOK 278m |
| Jun 30 2019 | n/a | n/a | -NOK 252m |
| Mar 31 2019 | n/a | n/a | -NOK 98m |
| Dec 31 2018 | NOK 7m | NOK 5m | -NOK 194m |
| Sep 30 2018 | n/a | n/a | -NOK 460m |
| Jun 30 2018 | n/a | n/a | -NOK 284m |
| Mar 31 2018 | n/a | n/a | -NOK 1b |
| Dec 31 2017 | NOK 7m | NOK 4m | -NOK 706m |
Compensation vs Market: Karl's total compensation ($USD761.19K) is above average for companies of similar size in the Norwegian market ($USD520.85K).
Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.
CEO
Karl Kjelstad (58 yo)
6.5yrs
Tenure
NOK 8,376,000
Compensation
Mr. Karl Erik Kjelstad is Director of Norconsult ASA from 2024. Mr. Kjelstad is a Vice Chairman at HMH Holding B.V. He serves as Chief Executive Officer of Akastor ASA since January 01, 2018.Mr. Kjelstad...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 6.5yrs | NOK 8.38m | 0.26% NOK 11.7m | |
| Chief Financial Officer | 4.3yrs | NOK 3.71m | 0.049% NOK 2.3m | |
| Investment Director | less than a year | no data | no data | |
| Executive VP & General Counsel | no data | no data | no data | |
| Head of Financial Reporting | 4.5yrs | no data | 0.013% NOK 588.0k | |
| Head of Compliance | 3.4yrs | no data | no data | |
| Senior Financial Controller | 2.5yrs | no data | no data | |
| Senior Group Controller | 2.2yrs | no data | no data | |
| Chief Executive Officer of HMH | 1.5yrs | no data | no data | |
| Chief Financial Officer of HMH | no data | no data | no data | |
| Senior Vice President of Finance - HMH | no data | no data | no data |
3.0yrs
Average Tenure
Experienced Management: AKAST's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of HMH Holding | no data | no data | no data | |
| Director | no data | NOK 506.00k | 0.017% NOK 760.9k | |
| Independent Deputy Chairman | 13.5yrs | NOK 861.00k | 0.0016% NOK 73.4k | |
| Chairman | 2.3yrs | NOK 672.00k | 0.073% NOK 3.3m | |
| Independent Director | 3.3yrs | NOK 412.00k | no data | |
| Director | 4.3yrs | NOK 377.00k | 0.00047% NOK 21.4k | |
| Director | 7.6yrs | NOK 189.00k | 0.0037% NOK 166.5k | |
| Director | 7yrs | NOK 318.00k | no data | |
| Director | 7yrs | NOK 189.00k | 0.0037% NOK 166.5k | |
| Deputy Director | 3.3yrs | no data | no data |
5.6yrs
Average Tenure
60yo
Average Age
Experienced Board: AKAST's board of directors are considered experienced (5.6 years average tenure).