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 NOK79.37K. The average tenure of the management team and the board of directors is 2.5 years and 2.2 years respectively.
Key information
Helga Cotgrove
Chief executive officer
NOK 2.8m
Total compensation
| CEO salary percentage | 67.0% |
| CEO tenure | less than a year |
| CEO ownership | 0.008% |
| Management average tenure | 2.5yrs |
| Board average tenure | 2.2yrs |
Recent management updates
Recent updates
Eidesvik Offshore's (OB:EIOF) Anemic Earnings Might Be Worse Than You Think
Sep 04
Eidesvik Offshore (OB:EIOF) Takes On Some Risk With Its Use Of Debt
Sep 02Eidesvik Offshore ASA (OB:EIOF) Held Back By Insufficient Growth Even After Shares Climb 26%
Jul 24Here's Why Eidesvik Offshore (OB:EIOF) Has Caught The Eye Of Investors
Jul 03These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively
Aug 31Is Eidesvik Offshore (OB:EIOF) A Risky Investment?
May 12These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively
Jan 24We Think That There Are Issues Underlying Eidesvik Offshore's (OB:EIOF) Earnings
May 27Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?
May 12Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?
Jan 15Eidesvik Offshore (OB:EIOF) Has Debt But No Earnings; Should You Worry?
Oct 02Health Check: How Prudently Does Eidesvik Offshore (OB:EIOF) Use Debt?
Apr 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | NOK 157m |
| Jun 30 2024 | n/a | n/a | NOK 169m |
| Mar 31 2024 | n/a | n/a | NOK 548m |
| Dec 31 2023 | NOK 3m | NOK 2m | NOK 515m |
| Sep 30 2023 | n/a | n/a | NOK 687m |
| Jun 30 2023 | n/a | n/a | NOK 819m |
| Mar 31 2023 | n/a | n/a | NOK 335m |
| Dec 31 2022 | NOK 786k | NOK 519k | NOK 346m |
Compensation vs Market: Helga's total compensation ($USD250.23K) is about average for companies of similar size in the Norwegian market ($USD291.88K).
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 is Chief Executive Officer of Eidesvik Offshore ASA from November 28, 2024 and served as its Interim Chief Executive Officer from September 18, 2024 to November 28, 2024. She also served...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | less than a year | NOK 2.78m | 0.0080% NOK 79.4k | |
| Chief Operating Officer | 2.8yrs | NOK 2.34m | no data | |
| Chief Engineer | no data | NOK 38.00k | no data | |
| Chief Financial Officer | 2.5yrs | no data | no data | |
| Chief Technology Officer | no data | no data | no data | |
| Vice President of Human Recources | no data | NOK 1.64m | no data |
2.5yrs
Average Tenure
Experienced Management: EIOF's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 3.8yrs | NOK 555.00k | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | 3.8yrs | NOK 318.00k | 0.034% NOK 342.0k | |
| Deputy Chairman of the Board | 6.8yrs | NOK 285.00k | 0.00027% NOK 2.7k | |
| Employee Representative Director | less than a year | NOK 113.00k | no data | |
| Substitute Employee Representative Director | less than a year | NOK 74.00k | no data | |
| Director | less than a year | no data | no data |
2.2yrs
Average Tenure
56yo
Average Age
Experienced Board: EIOF's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/16 17:51 |
| End of Day Share Price | 2025/02/14 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Eidesvik Offshore ASA is covered by 6 analysts. 0 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 |
|---|---|
| Marius Gaard | Carnegie Investment Bank AB |
| Iver Batvik | Danske Bank |
| Martin Karlsen | DNB Markets |