Aqualis Management
Management criteria checks 3/4
Aqualis' CEO is Hege Norheim, appointed in Sep 2025, has a tenure of less than a year. total yearly compensation is $452.28K, comprised of 26.8% salary and 73.2% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth NOK964.57K. The average tenure of the management team and the board of directors is 2.4 years and 8.5 years respectively.
Key information
Hege Norheim
Chief executive officer
US$452.3k
Total compensation
| CEO salary percentage | 26.75% |
| CEO tenure | less than a year |
| CEO ownership | 0.08% |
| Management average tenure | 2.4yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | -US$4m |
| Dec 31 2025 | US$452k | US$121k | -US$6m |
| Sep 30 2025 | n/a | n/a | US$5m |
| Jun 30 2025 | n/a | n/a | -US$2m |
| Mar 31 2025 | n/a | n/a | US$2m |
| Dec 31 2024 | US$25k | n/a | US$4m |
Compensation vs Market: Hege's total compensation ($USD452.28K) is about average for companies of similar size in the Norwegian market ($USD390.23K).
Compensation vs Earnings: Hege's compensation has increased whilst the company is unprofitable.
CEO
Hege Norheim (59 yo)
Ms. Hege Marie Norheim served as an Executive Vice President of Corporate Public Affairs and Sustainability at FREYR Battery since July 2021 until 2024. Ms. Norheim was Executive Vice President of Human Re...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | less than a year | US$452.28k | 0.080% NOK 981.5k | |
| Chief Financial Officer | 3.4yrs | US$514.00k | 0.15% NOK 1.8m | |
| General Counsel | no data | US$314.00k | 0.25% NOK 3.1m | |
| Chief Growth Officer | less than a year | US$605.00k | 1.51% NOK 18.5m | |
| Chief Performance Officer | no data | US$343.00k | no data | |
| Chief Energy Transition Officer & CEO of LOC Group | no data | US$318.00k | 0.78% NOK 9.6m | |
| Chief Strategy Officer | 4.4yrs | US$313.00k | 0.011% NOK 138.9k | |
| Director of Strategy & Corporate Development | 2.4yrs | no data | no data | |
| Group Marketing Director | 2.4yrs | no data | no data | |
| Principal Consultant | no data | no data | no data | |
| COO Insurance Services | no data | no data | no data | |
| Chief Executive Officer of OWC | no data | US$213.00k | no data |
Experienced Management: AQUA's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 5yrs | US$33.00k | no data | |
| Independent Director | 13.4yrs | US$34.00k | 0.015% NOK 190.8k | |
| Board Observer | less than a year | US$32.00k | 0.91% NOK 11.2m | |
| Independent Chairman | 11.9yrs | US$68.00k | 11.39% NOK 140.3m | |
| Independent Director | 13.4yrs | US$31.00k | no data | |
| Director | less than a year | no data | no data |
Experienced Board: AQUA's board of directors are considered experienced (8.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/17 20:06 |
| End of Day Share Price | 2026/06/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Aqualis ASA is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Karl Øyehaug | Carnegie Investment Bank AB |
| Jorgen Opheim | Pareto Securities |