Aker BP Management
Management criteria checks 3/4
Aker BP's CEO is Karl Hersvik, appointed in May 2014, has a tenure of 9.92 years. total yearly compensation is $1.40M, comprised of 64% salary and 36% bonuses, including company stock and options. directly owns 0% of the company’s shares, worth NOK598.64K. The average tenure of the management team and the board of directors is 1.6 years and 4.8 years respectively.
Key information
Karl Hersvik
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 64.0% |
| CEO tenure | 9.9yrs |
| CEO ownership | 0.0003% |
| Management average tenure | 1.6yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
Aker BP ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Apr 26
Here's Why Aker BP (OB:AKRBP) Has A Meaningful Debt Burden
Apr 12Aker BP ASA's (OB:AKRBP) Share Price Not Quite Adding Up
Mar 19A Look At The Fair Value Of Aker BP ASA (OB:AKRBP)
Dec 03Is Aker BP (OB:AKRBP) Using Too Much Debt?
Nov 15A Look At The Intrinsic Value Of Aker BP ASA (OB:AKRBP)
Aug 22Aker BP (OB:AKRBP) Seems To Use Debt Quite Sensibly
Aug 04Analysts Are More Bearish On Aker BP ASA (OB:AKRBP) Than They Used To Be
Jul 14Estimating The Intrinsic Value Of Aker BP ASA (OB:AKRBP)
May 18Aker BP (OB:AKRBP) Is Increasing Its Dividend To $5.84
Apr 30Here's Why We Think Aker BP (OB:AKRBP) Might Deserve Your Attention Today
Apr 17These 4 Measures Indicate That Aker BP (OB:AKRBP) Is Using Debt Reasonably Well
Apr 04A Look At The Fair Value Of Aker BP ASA (OB:AKRBP)
Jan 12Does Aker BP (OB:AKRBP) Have A Healthy Balance Sheet?
Dec 28Estimating The Intrinsic Value Of Aker BP ASA (OB:AKRBP)
Sep 30Is Aker BP (OB:AKRBP) A Risky Investment?
Sep 15These Analysts Think Aker BP ASA's (OB:AKRBP) Sales Are Under Threat
Jul 26Here's Why Aker BP (OB:AKRBP) Can Manage Its Debt Responsibly
Jun 14Aker BP ASA (OB:AKRBP) Shares Could Be 29% Above Their Intrinsic Value Estimate
May 22News Flash: Analysts Just Made A Notable Upgrade To Their Aker BP ASA (OB:AKRBP) Forecasts
Apr 30These 4 Measures Indicate That Aker BP (OB:AKRBP) Is Using Debt Reasonably Well
Feb 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$1m | US$899k | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$4m | US$967k | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$2m | US$929k | US$828m |
| Sep 30 2021 | n/a | n/a | US$616m |
| Jun 30 2021 | n/a | n/a | US$491m |
| Mar 31 2021 | n/a | n/a | US$506m |
| Dec 31 2020 | US$2m | US$830k | US$45m |
| Sep 30 2020 | n/a | n/a | US$27m |
| Jun 30 2020 | n/a | n/a | -US$97m |
| Mar 31 2020 | n/a | n/a | -US$204m |
| Dec 31 2019 | US$1m | US$826k | US$141m |
| Sep 30 2019 | n/a | n/a | US$92m |
| Jun 30 2019 | n/a | n/a | US$252m |
| Mar 31 2019 | n/a | n/a | US$318m |
| Dec 31 2018 | US$2m | US$783k | US$476m |
| Sep 30 2018 | n/a | n/a | US$447m |
| Jun 30 2018 | n/a | n/a | US$443m |
| Mar 31 2018 | n/a | n/a | US$374m |
| Dec 31 2017 | US$2m | US$721k | US$275m |
Compensation vs Market: Karl's total compensation ($USD1.40M) is about average for companies of similar size in the Norwegian market ($USD1.40M).
Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.
CEO
Karl Hersvik (51 yo)
9.9yrs
Tenure
US$1,404,000
Compensation
Mr. Karl Johnny Hersvik serves as Chairman of the Board at Aker Clean Hydrogen AS. He has been the Chief Executive Officer of Aker BP ASA since May 1, 2014. Mr. Hersvik served as a Senior Vice President at...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 9.9yrs | US$1.40m | 0.00034% $ 598.6k | |
| Chief Financial Officer | 5.2yrs | US$644.00k | 0.0038% $ 6.7m | |
| Chief Operating Officer | 1.5yrs | US$628.00k | 0.00088% $ 1.5m | |
| Senior Vice President of People and Safety | 1.5yrs | US$458.00k | 0.0012% $ 2.1m | |
| Senior Vice President of Drilling & Wells | 8.3yrs | US$542.00k | 0.00055% $ 968.4k | |
| Senior Vice President of Valhall | 1.5yrs | US$523.00k | 0.0029% $ 5.1m | |
| Senior Vice President of Projects | 4.8yrs | US$535.00k | 0.00095% $ 1.7m | |
| Senior Vice President of Alvheim | 1.5yrs | US$506.00k | 0.0012% $ 2.1m | |
| Senior Vice President- NOAKA | 3.6yrs | US$553.00k | 0.0017% $ 3.0m | |
| Chief Digital Officer | 1.8yrs | US$527.00k | 0.000050% $ 88.0k | |
| Senior Vice President of Ula | 1.5yrs | US$412.00k | 0.00073% $ 1.3m | |
| Senior Vice President of Edvard Grieg and Ivar Aasen | 1.5yrs | US$424.00k | 0.000070% $ 123.2k |
1.6yrs
Average Tenure
51yo
Average Age
Experienced Management: AKRBP's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Shareholder-elected Member | 1.8yrs | US$43.00k | 0.14% $ 237.8m | |
| Director | 11yrs | US$34.00k | no data | |
| Chairman of the Board | 8.1yrs | US$92.00k | no data | |
| Independent Director | 8.1yrs | US$65.00k | no data | |
| Independent Deputy Chair of the Board | 11yrs | US$66.00k | 0.0019% $ 3.4m | |
| Shareholder-elected Member | 2yrs | US$40.00k | no data | |
| Director | 4yrs | no data | no data | |
| Director | 7.6yrs | no data | no data | |
| Employee Representative Director | 5.7yrs | US$23.00k | 0.00020% $ 352.1k | |
| Employee Representative Director | 2.8yrs | US$23.00k | 0.00088% $ 1.5m | |
| Employee Representative Director | less than a year | US$6.00k | 0.000070% $ 123.2k | |
| Employee Representative Director | 1.3yrs | US$3.00k | no data |
4.8yrs
Average Tenure
60yo
Average Age
Experienced Board: AKRBP's board of directors are considered experienced (4.8 years average tenure).