Eidesvik Offshore Management

Management criteria checks 2/4

Eidesvik Offshore's CEO is Helga Cotgrove, appointed in Sep 2024, has a tenure of less than a year. total yearly compensation is NOK2.78M, comprised of 67% salary and 33% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth NOK77.75K. The average tenure of the management team and the board of directors is 2.3 years and 2 years respectively.

Key information

Helga Cotgrove

Chief executive officer

NOK 2.8m

Total compensation

CEO salary percentage67.0%
CEO tenureless than a year
CEO ownership0.008%
Management average tenure2.3yrs
Board average tenure2yrs

Recent management updates

Recent updates

Eidesvik Offshore's (OB:EIOF) Anemic Earnings Might Be Worse Than You Think

Sep 04
Eidesvik Offshore's (OB:EIOF) Anemic Earnings Might Be Worse Than You Think

Eidesvik Offshore (OB:EIOF) Takes On Some Risk With Its Use Of Debt

Sep 02
Eidesvik Offshore (OB:EIOF) Takes On Some Risk With Its Use Of Debt

Eidesvik Offshore ASA (OB:EIOF) Held Back By Insufficient Growth Even After Shares Climb 26%

Jul 24
Eidesvik Offshore ASA (OB:EIOF) Held Back By Insufficient Growth Even After Shares Climb 26%

Here's Why Eidesvik Offshore (OB:EIOF) Has Caught The Eye Of Investors

Jul 03
Here's Why Eidesvik Offshore (OB:EIOF) Has Caught The Eye Of Investors

These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively

Aug 31
These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively

Is Eidesvik Offshore (OB:EIOF) A Risky Investment?

May 12
Is Eidesvik Offshore (OB:EIOF) A Risky Investment?

These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively

Jan 24
These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively

We Think That There Are Issues Underlying Eidesvik Offshore's (OB:EIOF) Earnings

May 27
We Think That There Are Issues Underlying Eidesvik Offshore's (OB:EIOF) Earnings

Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?

May 12
Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?

Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?

Jan 15
Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?

Eidesvik Offshore (OB:EIOF) Has Debt But No Earnings; Should You Worry?

Oct 02
Eidesvik Offshore (OB:EIOF) Has Debt But No Earnings; Should You Worry?

Health Check: How Prudently Does Eidesvik Offshore (OB:EIOF) Use Debt?

Apr 20
Health Check: How Prudently Does Eidesvik Offshore (OB:EIOF) Use Debt?

CEO Compensation Analysis

How has Helga Cotgrove's remuneration changed compared to Eidesvik Offshore's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

NOK 169m

Mar 31 2024n/an/a

NOK 548m

Dec 31 2023NOK 3mNOK 2m

NOK 515m

Sep 30 2023n/an/a

NOK 687m

Jun 30 2023n/an/a

NOK 819m

Mar 31 2023n/an/a

NOK 335m

Dec 31 2022NOK 786kNOK 519k

NOK 346m

Compensation vs Market: Helga's total compensation ($USD249.76K) is about average for companies of similar size in the Norwegian market ($USD299.35K).

Compensation vs Earnings: Helga's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Helga Cotgrove

less than a year

Tenure

NOK 2,782,000

Compensation

Ms. Helga Cotgrove served as Chief Financial Officer at Eidesvik Offshore ASA since October 01, 2022 until September 18, 2024 and serves as its Interim Chief Executive Officer from September 18, 2024. She...


Leadership Team

NamePositionTenureCompensationOwnership
Helga Cotgrove
Interim Chief Executive Officerless than a yearNOK 2.78m0.0080%
NOK 77.7k
Arve Nilsen
Chief Operating Officer2.6yrsNOK 2.34mno data
Petter Lonning
Chief Engineerno dataNOK 38.00kno data
Lars Engelsen
Interim Chief Financial Officer2.3yrsno datano data
Sverre Horgen
Chief Technology Officerno datano datano data
Erling Lodden
Vice President of Human Recourcesno dataNOK 1.64mno data

2.3yrs

Average Tenure

Experienced Management: EIOF's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Arne Austreid
Independent Chairman3.5yrsNOK 555.00kno data
Annicken Kildahl
Independent Directorno datano datano data
Bjorg Eknes
Independent Director3.5yrsNOK 318.00k0.034%
NOK 335.0k
Lauritz Eidesvik
Deputy Chairman of the Board6.5yrsNOK 285.00k0.00027%
NOK 2.6k
Borre Lindanger
Employee Representative Directorless than a yearNOK 113.00kno data
Tore Hettervik
Substitute Employee Representative Directorless than a yearNOK 74.00kno data
Kjetil Eidesvik
Directorless than a yearno datano data

2.0yrs

Average Tenure

56yo

Average Age

Experienced Board: EIOF's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.