Elkem Management

Management criteria checks 2/4

Elkem's CEO is Helge Aasen, appointed in Jun 2021, has a tenure of 2.92 years. total yearly compensation is NOK17.43M, comprised of 33.7% salary and 66.3% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth NOK1.32M. The average tenure of the management team and the board of directors is 13.3 years and 5.1 years respectively.

Key information

Helge Aasen

Chief executive officer

kr17.4m

Total compensation

CEO salary percentage	33.7%
CEO tenure	2.9yrs
CEO ownership	0.01%
Management average tenure	13.3yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

Analysts Have Made A Financial Statement On Elkem ASA's (OB:ELK) First-Quarter Report

Apr 22

Industry Analysts Just Upgraded Their Elkem ASA (OB:ELK) Revenue Forecasts By 10%

Jul 20

Why We Like The Returns At Elkem (OB:ELK)

Jul 08

Is There Now An Opportunity In Elkem ASA (OB:ELK)?

May 06

Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00

Apr 21

An Intrinsic Calculation For Elkem ASA (OB:ELK) Suggests It's 31% Undervalued

Apr 19

Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00

Apr 03

Is Elkem (OB:ELK) A Risky Investment?

Mar 28

Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00

Feb 26

Elkem (OB:ELK) Is Paying Out A Larger Dividend Than Last Year

Feb 12

CEO Compensation Analysis

How has Helge Aasen's remuneration changed compared to Elkem's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-kr1b
Dec 31 2023	n/a	n/a	kr72m
Sep 30 2023	n/a	n/a	kr1b
Jun 30 2023	n/a	n/a	kr5b
Mar 31 2023	n/a	n/a	kr8b
Dec 31 2022	kr17m	kr6m	kr10b
Sep 30 2022	n/a	n/a	kr11b
Jun 30 2022	n/a	n/a	kr9b
Mar 31 2022	n/a	n/a	kr7b
Dec 31 2021	kr9m	kr3m	kr5b
Sep 30 2021	n/a	n/a	kr3b
Jun 30 2021	n/a	n/a	kr1b
Mar 31 2021	n/a	n/a	kr672m
Dec 31 2020	kr244k	n/a	kr239m
Sep 30 2020	n/a	n/a	kr150m
Jun 30 2020	n/a	n/a	kr460m
Mar 31 2020	n/a	n/a	kr616m
Dec 31 2019	kr17m	kr5m	kr855m
Sep 30 2019	n/a	n/a	kr1b
Jun 30 2019	n/a	n/a	kr2b
Mar 31 2019	n/a	n/a	kr3b
Dec 31 2018	kr19m	kr5m	kr3b

Compensation vs Market: Helge's total compensation ($USD1.60M) is above average for companies of similar size in the Norwegian market ($USD783.99K).

Compensation vs Earnings: Helge's compensation has increased whilst the company is unprofitable.

CEO

Helge Aasen (60 yo)

2.9yrs

Tenure

kr17,430,000

Compensation

Mr. Helge Aasen serves as Chief Executive Officer at Elkem ASA since October 18, 2021 and served as its Director since December 1, 2019 until June 2021 and has been its Interim Chief Executive Officer sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Helge Aasen	Chief Executive Officer	2.9yrs	kr17.43m	0.011% NOK 1.3m
Morten Viga	Chief Financial Officer	17.8yrs	kr9.07m	0.0074% NOK 908.7k
Havard Moe	Senior Vice President of Technology	16.3yrs	kr7.47m	0.0016% NOK 194.0k
Katja Lehland	Senior Vice President of Human Resources	13.3yrs	kr8.28m	no data
Asbjoern Soevik	Senior Vice President of Green Ventures & Digital	17.3yrs	kr8.54m	0.0016% NOK 194.0k
Inge Grubben-Stroemnes	Senior Vice President of Silicon Products	15.8yrs	kr8.87m	0.0056% NOK 681.5k
Louis Vovelle	Senior Vice President of Innovation and Research & Development	9.3yrs	kr7.07m	0.0011% NOK 133.8k
Luiz Simao	Senior Vice President of Carbon Solutions Division	3.8yrs	kr7.88m	0.0032% NOK 386.8k
Tom Preststulen	Managing Partner	no data	no data	no data
Odd-Geir Lyngstad	Vice President of Finance & Investor Relations	no data	no data	no data
Fredrik Norman	VP Corporate Communications and Public Affairs	no data	no data	no data
Morten Voll	Senior Vice President of Strategy & Business Development	1.3yrs	no data	no data

13.3yrs

Average Tenure

59.5yo

Average Age

Experienced Management: ELK's management team is seasoned and experienced (13.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dag Opedal	Independent Vice Chair of the Board	6.2yrs	kr753.00k	0.0063% NOK 774.8k
Olivier Louis Marie Gerard de Clermont-Tonnerre	Director	13.3yrs	kr486.00k	no data
Marianne Johnsen	Independent Director	5.1yrs	kr501.00k	no data
Terje Hanssen	Employee Representative Director	14.3yrs	kr404.00k	no data
Yougen Ge	Director	5.1yrs	kr404.00k	no data
Marianne Faeroyvik	Employee Representative Director	7.7yrs	kr404.00k	0.00078% NOK 95.8k
Zhigang Hao	Director	7.3yrs	kr883.00k	no data
Heidi Feldborg	Employee Representative Observer	4.9yrs	kr202.00k	no data
Grace Tang	Independent Director	3.1yrs	kr501.00k	no data
Per Aas	Employee Representative Observer	3.8yrs	kr16.00k	no data
Nathalie Brunelle	Independent Director	2.1yrs	kr278.00k	no data
Bo Li	Chairman	1.3yrs	no data	no data

5.1yrs

Average Tenure

60yo

Average Age

Experienced Board: ELK's board of directors are considered experienced (5.1 years average tenure).

Elkem Management

Management criteria checks 2/4

Key information

Recent management updates

Elkem ASA Announces Board Changes

Less than half of directors are independent

Elkem Appoints Sandy Chen as Acting Senior Vice President for Silicones Division

Chief Executive Officer recently bought kr500k worth of stock

Less than half of directors are independent

Elkem Announces Executive Changes, Effective 1 February 2023

Recent updates

Elkem ASA Announces Board Changes

Analysts Have Made A Financial Statement On Elkem ASA's (OB:ELK) First-Quarter Report

New major risk - Financial position

What Does Elkem ASA's (OB:ELK) Share Price Indicate?

Full year 2023 earnings: EPS misses analyst expectations

Less than half of directors are independent

An unknown buyer acquired unknown minority stake in Vianode AS from Elkem ASA (OB:ELK).

Elkem Appoints Sandy Chen as Acting Senior Vice President for Silicones Division

Elkem ASA (OB:ELK) entered into Share Purchase Agreement to acquire REC Solar Norway AS from REC Solar Holdings AS for approximately NOK 230 million.

Elkem ASA (OB:ELK) entered into Share Purchase Agreement to acquire REC Solar Norway AS from REC Solar Holdings AS for approximately NOK 230 million.

Elkem Postpones Start-Up of Iceland Furnace

Is Elkem (OB:ELK) A Risky Investment?

Price target decreased by 12% to kr21.80

Price target decreased by 8.1% to kr24.80

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 10% to kr26.00

Why Elkem ASA (OB:ELK) Could Be Worth Watching

Now 20% undervalued after recent price drop

Consensus EPS estimates fall by 15%

Elkem (OB:ELK) Will Want To Turn Around Its Return Trends

Elkem Launches UV Hg and UV LED Curable Silicone Solutions for Sustainable Release Coatings

Price target decreased by 14% to kr29.80

Does Elkem (OB:ELK) Have A Healthy Balance Sheet?

Estimating The Intrinsic Value Of Elkem ASA (OB:ELK)

Price target decreased by 8.0% to kr34.50

New minor risk - Profit margin trend

Chief Executive Officer recently bought kr500k worth of stock

What Is Elkem ASA's (OB:ELK) Share Price Doing?

Second quarter 2023 earnings released: EPS: kr0.057 (vs kr4.67 in 2Q 2022)

Consensus EPS estimates fall by 10%

Price target decreased by 8.5% to kr37.50

Now 21% undervalued after recent price drop

Why We Like The Returns At Elkem (OB:ELK)

Elkem ASA (OB:ELK) acquired VUM, a.s. from ZSNP, a.s.

Elkem ASA to Report Q3, 2024 Results on Oct 24, 2024

Investor sentiment deteriorates as stock falls 16%

Now 23% undervalued after recent price drop

Upcoming dividend of kr6.00 per share at 17% yield

Is Elkem (OB:ELK) Using Too Much Debt?

A Look At The Fair Value Of Elkem ASA (OB:ELK)

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Elkem (OB:ELK) Is Very Good At Capital Allocation

Less than half of directors are independent

Elkem Asa Provides Earnings Guidance for the Year 2024

Elkem Announces Executive Changes, Effective 1 February 2023

Elkem Curtails Production in Norway Due to High Power Prices

Are Investors Undervaluing Elkem ASA (OB:ELK) By 33%?

Less than half of directors are independent

Elkem to Present Silbione™ Biomedical Range At COMPAMED 2022

Norsk Hydro ASA (OB:NHY) and Altor Fund V AB completed the acquisition of Altor Equity Partners AB entered into an agreement to acquire 60% from Elkem ASA (OB:ELK).

Elkem ASA Announces Process Industry Strike in Norway Called Off and Affected Plants at Salten, Rana, Thamshavn and Fiskaa Will Resume Normal Production

Elkem ASA Announces Production Affected At Four Elkem Plants

Elkem ASA to Report Q3, 2023 Results on Oct 25, 2023

Is Elkem ASA (OB:ELK) Trading At A 37% Discount?

Insider recently sold kr397k worth of stock

Consensus EPS estimates increase by 12%

Industry Analysts Just Upgraded Their Elkem ASA (OB:ELK) Revenue Forecasts By 10%

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Why We Like The Returns At Elkem (OB:ELK)

Investor sentiment deteriorated over the past week

Elkem ASA Appoints Larry Zhang as SVP for Silicones Division

Elkem ASA (OB : ELK) acquired Keyvest Belgium SA from Nizi International S.A.

Senior Vice President of Technology recently sold kr1.8m worth of stock

Is There Now An Opportunity In Elkem ASA (OB:ELK)?

Price target increased to kr48.42

Price target increased to kr46.75

Elkem ASA Approves Election of New Board Members

Full year 2021 earnings: EPS misses analyst expectations

Less than half of directors are independent