Elopak Management
Management criteria checks 2/4
Elopak's CEO is Thomas Kormendi, appointed in Apr 2018, has a tenure of 7.67 years. total yearly compensation is €1.10M, comprised of 44% salary and 56% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth NOK26.26M. The average tenure of the management team and the board of directors is 6.4 years and 2.5 years respectively.
Key information
Thomas Kormendi
Chief executive officer
€1.1m
Total compensation
| CEO salary percentage | 43.98% |
| CEO tenure | 7.7yrs |
| CEO ownership | 0.2% |
| Management average tenure | 6.4yrs |
| Board average tenure | 2.5yrs |
Recent management updates
Recent updates
There's Been No Shortage Of Growth Recently For Elopak's (OB:ELO) Returns On Capital
Dec 24
Here's Why Elopak (OB:ELO) Has A Meaningful Debt Burden
Aug 16Returns At Elopak (OB:ELO) Are On The Way Up
Jun 01Optimistic Investors Push Elopak ASA (OB:ELO) Shares Up 27% But Growth Is Lacking
May 10We Think Shareholders Will Probably Be Generous With Elopak ASA's (OB:ELO) CEO Compensation
May 08These 4 Measures Indicate That Elopak (OB:ELO) Is Using Debt Extensively
Apr 06Elopak ASA Just Missed Earnings - But Analysts Have Updated Their Models
Feb 14
Shift To Sustainable Packaging Will Align With Global Trends And Strengthen Market Position
Strategic focus on sustainable packaging aligns with global trends, enhancing market share and potentially improving margins through eco-friendly pricing power.Are Investors Undervaluing Elopak ASA (OB:ELO) By 40%?
Feb 10Elopak ASA's (OB:ELO) Business Is Yet to Catch Up With Its Share Price
Jan 23Elopak ASA Just Missed Earnings - But Analysts Have Updated Their Models
Nov 02Elopak's (OB:ELO) Returns On Capital Are Heading Higher
Oct 22Risks To Shareholder Returns Are Elevated At These Prices For Elopak ASA (OB:ELO)
Sep 14Here's What Analysts Are Forecasting For Elopak ASA (OB:ELO) After Its Second-Quarter Results
Aug 18Returns On Capital Are Showing Encouraging Signs At Elopak (OB:ELO)
Jul 18Is Elopak (OB:ELO) Using Too Much Debt?
May 13Elopak (OB:ELO) Is Increasing Its Dividend To €1.46
Apr 22Shareholders Can Be Confident That Elopak's (OB:ELO) Earnings Are High Quality
Apr 18Elopak (OB:ELO) Has Announced That It Will Be Increasing Its Dividend To €1.46
Feb 26Elopak (OB:ELO) Is Looking To Continue Growing Its Returns On Capital
Feb 21Is Elopak (OB:ELO) Using Too Much Debt?
Jan 25Elopak (OB:ELO) Might Have The Makings Of A Multi-Bagger
Nov 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | €52m |
| Jun 30 2025 | n/a | n/a | €49m |
| Mar 31 2025 | n/a | n/a | €56m |
| Dec 31 2024 | €1m | €484k | €60m |
| Sep 30 2024 | n/a | n/a | €66m |
| Jun 30 2024 | n/a | n/a | €71m |
| Mar 31 2024 | n/a | n/a | €74m |
| Dec 31 2023 | €1m | €441k | €68m |
| Sep 30 2023 | n/a | n/a | €66m |
| Jun 30 2023 | n/a | n/a | €60m |
| Mar 31 2023 | n/a | n/a | €52m |
| Dec 31 2022 | €787k | €495k | €34m |
| Sep 30 2022 | n/a | n/a | €23m |
| Jun 30 2022 | n/a | n/a | €19m |
| Mar 31 2022 | n/a | n/a | €17m |
| Dec 31 2021 | n/a | n/a | €30m |
| Sep 30 2021 | n/a | n/a | €36m |
| Jun 30 2021 | n/a | n/a | €40m |
| Mar 31 2021 | n/a | n/a | €43m |
| Dec 31 2020 | €594k | €434k | €48m |
Compensation vs Market: Thomas's total compensation ($USD1.29M) is above average for companies of similar size in the Norwegian market ($USD960.14K).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
CEO
Thomas Kormendi (62 yo)
Mr. Thomas Ralph Kormendi was an Independent Director at Nordic Paper Holding AB (publ) since May 24, 2023 until 2025. He serves as Chief Executive Officer of Elopak ASA since April 03, 2018 and has been i...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 7.7yrs | €1.10m | 0.19% NOK 26.3m | |
| Chief Financial Officer | 6.9yrs | €557.07k | 0.080% NOK 11.2m | |
| Chief Marketing & Communications Officer | 1.9yrs | €320.56k | 0.0015% NOK 205.1k | |
| Chief Human Resources Officer | 5.9yrs | €525.59k | 0.019% NOK 2.7m | |
| Executive Vice President of Region Europe North & CIS | 18.9yrs | €899.80k | 0.13% NOK 17.9m | |
| Executive Vice President of Region Europe South & New Markets | 6.6yrs | €507.69k | 0.041% NOK 5.8m | |
| Executive Vice President of North America | 6.3yrs | €922.91k | 0.072% NOK 10.1m | |
| Senior Food Microbiologist & Employee Representative Director | no data | €12.90k | 0.00040% NOK 56.2k | |
| Executive Vice President for Packaging & Procurement | 1.9yrs | €376.61k | 0.011% NOK 1.5m | |
| CTO and Executive VP of Product & Development | 1.9yrs | €263.86k | no data | |
| Chief Technical Officer | 7.9yrs | €500.33k | no data | |
| Head of Treasury & Investor Relations | no data | no data | no data |
Experienced Management: ELO's management team is seasoned and experienced (6.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Senior Food Microbiologist & Employee Representative Director | 4.6yrs | €12.90k | 0.00040% NOK 56.2k | |
| Independent Chairperson | 2.6yrs | €73.80k | 0.021% NOK 2.9m | |
| Independent Director | 4.7yrs | €48.00k | no data | |
| Director | 1.6yrs | no data | no data | |
| Director | 1.6yrs | €25.08k | no data | |
| Independent Director | 8.9yrs | €40.00k | 0.0066% NOK 934.3k | |
| Employee Representative Director | 2.3yrs | €12.90k | no data | |
| Board Observer | 1.6yrs | no data | no data |
Experienced Board: ELO's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/29 10:37 |
| End of Day Share Price | 2025/12/23 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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
Elopak ASA is covered by 7 analysts. 4 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 |
|---|---|
| null null | ABG Sundal Collier |
| Charlie Muir-Sands | BNP Paribas |
| Elliott Geoffrey Jones | Danske Bank |