Orkla Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Nils Selte

Chief executive officer

kr25.5m

Total compensation

CEO salary percentage	46.3%
CEO tenure	2yrs
CEO ownership	0.02%
Management average tenure	4.2yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nils Selte's remuneration changed compared to Orkla's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr25m	kr12m	kr5b
Sep 30 2023	n/a	n/a	kr5b
Jun 30 2023	n/a	n/a	kr5b
Mar 31 2023	n/a	n/a	kr5b
Dec 31 2022	kr10m	kr8m	kr5b
Sep 30 2022	n/a	n/a	kr5b
Jun 30 2022	n/a	n/a	kr5b
Mar 31 2022	n/a	n/a	kr5b
Dec 31 2021	kr747k	n/a	kr5b
Sep 30 2021	n/a	n/a	kr5b
Jun 30 2021	n/a	n/a	kr5b
Mar 31 2021	n/a	n/a	kr5b
Dec 31 2020	kr718k	n/a	kr4b
Sep 30 2020	n/a	n/a	kr5b
Jun 30 2020	n/a	n/a	kr4b
Mar 31 2020	n/a	n/a	kr4b
Dec 31 2019	kr829k	n/a	kr4b
Sep 30 2019	n/a	n/a	kr3b
Jun 30 2019	n/a	n/a	kr3b
Mar 31 2019	n/a	n/a	kr3b
Jan 01 2019	n/a	n/a	kr3b
Sep 30 2018	n/a	n/a	kr4b
Jun 30 2018	n/a	n/a	kr3b
Mar 31 2018	n/a	n/a	kr3b
Dec 31 2017	kr647k	n/a	kr4b

Compensation vs Market: Nils's total compensation ($USD2.32M) is above average for companies of similar size in the Norwegian market ($USD1.16M).

Compensation vs Earnings: Nils's compensation has increased by more than 20% in the past year.

CEO

Nils Selte (58 yo)

2yrs

Tenure

kr25,472,000

Compensation

Mr. Nils Kloumann Selte has been President and Chief Executive Officer of Orkla ASA since 11 April 2022 and served as its Director. He is Director at Jotun A/S. He served as Chairman at Komplett ASA since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nils Selte	President & CEO	2yrs	kr25.47m	0.019% NOK 13.7m
Harald Ullevoldsæter	Executive VP of Finance & CFO	4.1yrs	kr7.67m	0.00083% NOK 606.1k
Camilla Robstad	Executive Vice President of Legal & Compliance	4.3yrs	kr6.19m	0.00073% NOK 533.1k
Håkon Mageli	Executive Vice President of Communication & Corporate Affairs	no data	kr6.47m	0.011% NOK 8.2m
Christer Gronberg	Executive VP of Human Resources & Head of Corporate Functions	9.3yrs	kr7.61m	0.0017% NOK 1.3m
Atle Nagel-Johansen	Exec. VP of Orkla’s Branded Consumer Goods Business	12.3yrs	kr14.14m	0.0029% NOK 2.1m
Hege Brekke	Executive VP of Investments	8.6yrs	kr8.07m	0.00075% NOK 547.7k
Maria Syse-Nybraaten	Executive VP of Investments	1.7yrs	kr7.02m	0.00074% NOK 540.4k
Audun Stensvold	Executive Vice President of Investments	1.4yrs	kr6.63m	0.0025% NOK 1.9m
Oyvind Torpp	Executive Vice President of Investments	1.3yrs	kr12.40m	0.0025% NOK 1.8m
Thomas Oybo	Head of Share Portfolio & Investment Director	17.7yrs	no data	no data
Frode Kronstad	Senior Vice President of Corporate Accounting	no data	no data	no data

4.2yrs

Average Tenure

58yo

Average Age

Experienced Management: ORK's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christina Fagerberg	Independent Director	2yrs	kr770.00k	0.0020% NOK 1.5m
Roger Vangen	Employee Representative Director	8yrs	kr1.12m	0.0011% NOK 839.8k
Liselott Kilaas	Independent Director	7yrs	kr797.00k	0.0016% NOK 1.1m
Terje Utstrand	Employee Representative Director	12.3yrs	kr1.38m	0.0011% NOK 817.9k
Stein Hagen	Chairman of the Board	20.3yrs	kr1.09m	0.00016% NOK 116.8k
Peter Agnefjall	Independent Director	6yrs	kr840.00k	0.0020% NOK 1.5m
Sverre Josvanger	Employee Representative Director	12.3yrs	kr1.37m	0.0027% NOK 1.9m
Karin Hansson	Employee Representative Director	8yrs	kr962.00k	0.00024% NOK 175.3k
Caroline Marie Kjos	Member of the Board	1.3yrs	no data	no data
Anna Mossberg	Independent Director	4yrs	kr610.00k	0.00093% NOK 679.2k
Marte Sølvsberg	Business Advisor to President and CEO	no data	no data	no data
Xavier Belison	Chairman of Orkla Foods Europe	less than a year	no data	no data

7.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: ORK's board of directors are considered experienced (7 years average tenure).

Orkla Management

Management criteria checks 2/4

Key information

Recent management updates

Orkla ASA Approves Bengt Arve Rem as Board Member

Insider recently bought kr753k worth of stock

Orkla ASA Announces CFO Changes

Less than half of directors are independent

Orkla ASA Announces Board Appointments of Orkla Foods Europe

President & CEO recently bought kr2.1m worth of stock

Recent updates

Orkla ASA Approves Bengt Arve Rem as Board Member

Orkla ASA Approves Extraordinary Dividend

Upcoming dividend of kr6.00 per share

We Think Orkla (OB:ORK) Is Taking Some Risk With Its Debt

Full year 2023 earnings: EPS misses analyst expectations

Orkla ASA Proposes Dividend for the Year 2023, Payable on 3 May 2024

Dividend increased to kr6.00

Insider recently bought kr753k worth of stock

Price target decreased by 7.1% to kr82.71

Is Orkla ASA (OB:ORK) Trading At A 35% Discount?

Orkla ASA Announces CFO Changes

Orkla ASA Proposes Dividend for 2023

Orkla ASA's (OB:ORK) Share Price Could Signal Some Risk

Returns At Orkla (OB:ORK) Appear To Be Weighed Down

Is Orkla (OB:ORK) A Risky Investment?

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Here's Why Orkla (OB:ORK) Has Caught The Eye Of Investors

Investment funds affiliated with Rhône Group L.L.C. agreed to acquire 40% stake in Orkla Food Ingredients AS from Orkla ASA (OB:ORK) for an enterprise value of NOK 15.5 billion.

Return Trends At Orkla (OB:ORK) Aren't Appealing

Orkla ASA (OB:ORK) Shares Could Be 44% Below Their Intrinsic Value Estimate

Orkla ASA to Report Q3, 2024 Results on Oct 29, 2024

Orkla (OB:ORK) Seems To Use Debt Quite Sensibly

New minor risk - Financial position

Second quarter 2023 earnings: EPS exceeds analyst expectations

The Returns At Orkla (OB:ORK) Aren't Growing

Less than half of directors are independent

An Intrinsic Calculation For Orkla ASA (OB:ORK) Suggests It's 45% Undervalued

First quarter 2023 earnings released: EPS: kr1.28 (vs kr1.09 in 1Q 2022)

Price target increased by 7.5% to kr78.86

Orkla ASA Announces Board Appointments of Orkla Foods Europe

We Think Orkla (OB:ORK) Can Stay On Top Of Its Debt

Upcoming dividend of kr3.00 per share at 3.9% yield

Full year 2022 earnings: EPS misses analyst expectations

Full year 2022 earnings: EPS misses analyst expectations

President & CEO recently bought kr2.1m worth of stock

Orkla ASA's (OB:ORK) Intrinsic Value Is Potentially 70% Above Its Share Price

Does Orkla (OB:ORK) Have A Healthy Balance Sheet?

Independent Director recently bought kr221k worth of stock

Orkla (OB:ORK) Is Experiencing Growth In Returns On Capital

Less than half of directors are independent

Orkla ASA to Report Fiscal Year 2022 Final Results on Mar 23, 2023

Price target decreased to kr78.00

Is Orkla ASA (OB:ORK) Trading At A 50% Discount?

Orkla ASA to Report Q3, 2023 Results on Oct 26, 2023

Orkla ASA (OB:ORK) agreed to acquire 74% stake in Da Grasso Sp. z o.o. from Karolina Rozwandowicz and Magdalena Piróg.

Is Orkla (OB:ORK) Using Too Much Debt?

Orkla Announces Executive Changes at Orkla Consumer & Financial Investments Business Area

Orkla (OB:ORK) Might Have The Makings Of A Multi-Bagger

If EPS Growth Is Important To You, Orkla (OB:ORK) Presents An Opportunity

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Are Investors Undervaluing Orkla ASA (OB:ORK) By 46%?

Less than half of directors are independent

Orkla Asa Announces Board Changes

Orkla Asa Names Nils K. Selte as CEO

Orkla (OB:ORK) Is Paying Out A Larger Dividend Than Last Year

Is There An Opportunity With Orkla ASA's (OB:ORK) 49% Undervaluation?

Orkla ASA Announces Management Changes to Orkla Consumer & Financial Investments

Orkla's (OB:ORK) Upcoming Dividend Will Be Larger Than Last Year's

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Orkla ASA Provides Earnings Guidance for the Year 2021 and 2022

Orkla (OB:ORK) Is Looking To Continue Growing Its Returns On Capital

Does Orkla (OB:ORK) Have A Healthy Balance Sheet?

President recently bought kr553k worth of stock

Orkla ASA's (OB:ORK) Intrinsic Value Is Potentially 57% Above Its Share Price

Returns Are Gaining Momentum At Orkla (OB:ORK)

Third quarter 2021 earnings released: EPS kr1.31 (vs kr1.36 in 3Q 2020)

Orkla (OB:ORK) Seems To Use Debt Quite Sensibly

Here's Why We Think Orkla (OB:ORK) Is Well Worth Watching