Elopak ASA

OB:ELO Stock Report

Market Cap: NOK 12.0b

Elopak Management

Management criteria checks 1/4

Elopak's CEO is Thomas Kormendi, appointed in Apr 2018, has a tenure of 6.58 years. total yearly compensation is €1.02M, comprised of 43.1% salary and 56.9% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth NOK17.63M. The average tenure of the management team and the board of directors is 5.5 years and 1.3 years respectively.

Key information

Thomas Kormendi

Chief executive officer

€1.0m

Total compensation

CEO salary percentage43.1%
CEO tenure6.6yrs
CEO ownership0.1%
Management average tenure5.5yrs
Board average tenure1.3yrs

Recent management updates

Recent updates

Elopak ASA Just Missed Earnings - But Analysts Have Updated Their Models

Nov 02
Elopak ASA Just Missed Earnings - But Analysts Have Updated Their Models

Elopak's (OB:ELO) Returns On Capital Are Heading Higher

Oct 22
Elopak's (OB:ELO) Returns On Capital Are Heading Higher

Risks To Shareholder Returns Are Elevated At These Prices For Elopak ASA (OB:ELO)

Sep 14
Risks To Shareholder Returns Are Elevated At These Prices For Elopak ASA (OB:ELO)

Here's What Analysts Are Forecasting For Elopak ASA (OB:ELO) After Its Second-Quarter Results

Aug 18
Here's What Analysts Are Forecasting For Elopak ASA (OB:ELO) After Its Second-Quarter Results

Returns On Capital Are Showing Encouraging Signs At Elopak (OB:ELO)

Jul 18
Returns On Capital Are Showing Encouraging Signs At Elopak (OB:ELO)

Is Elopak (OB:ELO) Using Too Much Debt?

May 13
Is Elopak (OB:ELO) Using Too Much Debt?

Elopak (OB:ELO) Is Increasing Its Dividend To €1.46

Apr 22
Elopak (OB:ELO) Is Increasing Its Dividend To €1.46

Shareholders Can Be Confident That Elopak's (OB:ELO) Earnings Are High Quality

Apr 18
Shareholders Can Be Confident That Elopak's (OB:ELO) Earnings Are High Quality

Elopak (OB:ELO) Has Announced That It Will Be Increasing Its Dividend To €1.46

Feb 26
Elopak (OB:ELO) Has Announced That It Will Be Increasing Its Dividend To €1.46

Elopak (OB:ELO) Is Looking To Continue Growing Its Returns On Capital

Feb 21
Elopak (OB:ELO) Is Looking To Continue Growing Its Returns On Capital

Is Elopak (OB:ELO) Using Too Much Debt?

Jan 25
Is Elopak (OB:ELO) Using Too Much Debt?

Elopak (OB:ELO) Might Have The Makings Of A Multi-Bagger

Nov 03
Elopak (OB:ELO) Might Have The Makings Of A Multi-Bagger

CEO Compensation Analysis

How has Thomas Kormendi's remuneration changed compared to Elopak's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

€66m

Jun 30 2024n/an/a

€71m

Mar 31 2024n/an/a

€74m

Dec 31 2023€1m€441k

€68m

Sep 30 2023n/an/a

€66m

Jun 30 2023n/an/a

€60m

Mar 31 2023n/an/a

€52m

Dec 31 2022€787k€495k

€34m

Sep 30 2022n/an/a

€23m

Jun 30 2022n/an/a

€19m

Mar 31 2022n/an/a

€17m

Dec 31 2021n/an/a

€30m

Sep 30 2021n/an/a

€36m

Jun 30 2021n/an/a

€40m

Mar 31 2021n/an/a

€43m

Dec 31 2020€594k€434k

€48m

Compensation vs Market: Thomas's total compensation ($USD1.07M) is above average for companies of similar size in the Norwegian market ($USD563.00K).

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

CEO

Thomas Kormendi (61 yo)

6.6yrs

Tenure

€1,024,864

Compensation

Mr. Thomas Ralph Kormendi is an Independent Director at Nordic Paper Holding AB (publ) since May 24, 2023. He serves as Chief Executive Officer of Elopak ASA since April 03, 2018 and has been its President...

Leadership Team

NamePositionTenureCompensationOwnership
Thomas Kormendi
President & CEO6.6yrs€1.02m0.15%
NOK 17.6m
Bent Axelsen
Chief Financial Officer5.8yrs€526.71k0.076%
NOK 9.1m
Wolfgang Buchkremer
Chief Technical Officer6.8yrs€500.33k0.029%
NOK 3.5m
Nete Bechmann
Chief Human Resources Officer4.8yrs€507.42k0.013%
NOK 1.6m
Ivar Jevne
Executive Vice President of Packaging & Procurementno data€510.09k0.089%
NOK 10.7m
Stephen Naumann
Executive Vice President of Region Europe North & CIS17.8yrs€930.12k0.083%
NOK 9.9m
Finn Tørjesen
Executive Vice President of Region Europe South & New Markets5.5yrs€470.83k0.030%
NOK 3.6m
Lionel Ettedgui
Executive Vice President of North America5.2yrs€933.69k0.036%
NOK 4.3m
Anette Ellingsen
Senior Food Microbiologist & Employee Representative Directorno data€13.03k0.00040%
NOK 47.8k
Dag Gronevik
Executive Vice President of Equipment & Service2.7yrs€434.66k0.0090%
NOK 1.1m
Christian Gjerde
Head of Treasury & Investor Relationsno datano datano data
Thea Bristol
Chief Marketing & Communications Officerless than a yearno datano data

5.5yrs

Average Tenure

Experienced Management: ELO's management team is seasoned and experienced (5.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anette Ellingsen
Senior Food Microbiologist & Employee Representative Director3.5yrs€13.03k0.00040%
NOK 47.8k
Dag Mejdell
Independent Chairperson1.5yrs€44.65k0.021%
NOK 2.5m
Anna Belfrage
Independent Director3.6yrs€48.00kno data
Manuel Pascual
Directorless than a yearno datano data
Marianne Ribe
Directorless than a yearno datano data
Sid Johari
Independent Director7.8yrs€40.00k0.0066%
NOK 795.1k
Connie Kormeseth
Deputy Employee Representative Director3.8yrsno datano data
Erland Fretheim
Deputy Employee Representative Director1.3yrsno datano data
Havard Urhamar
Employee Representative Director1.3yrs€5.39kno data
Magne Hamarstrom
Deputy Employee Representative Director1.3yrsno datano data
Anniken Fougner
Board Observerless than a yearno datano data

1.3yrs

Average Tenure

62yo

Average Age

Experienced Board: ELO's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.