Elopak ASA

OB:ELO Stock Report

Market Cap: kr9.4b

Elopak Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Thomas Kormendi

Chief executive officer

€786.6k

Total compensation

CEO salary percentage62.9%
CEO tenure6yrs
CEO ownership0.1%
Management average tenure4.9yrs
Board average tenure3yrs

Recent management updates

Recent updates

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
Dec 31 2023n/an/a

€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 ($USD841.86K) is about average for companies of similar size in the Norwegian market ($USD757.02K).

Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.

CEO

Thomas Kormendi (60 yo)

6yrs

Tenure

€786,636

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 & CEO6yrs€786.64k0.13%
€ 12.6m
Bent Axelsen
Chief Financial Officer5.3yrs€419.74k0.071%
€ 6.7m
Wolfgang Buchkremer
Chief Technical Officer6.3yrs€364.16k0.025%
€ 2.4m
Nete Bechmann
Chief Human Resources Officer4.3yrs€394.72k0.0089%
€ 840.1k
Ivar Jevne
Executive Vice President of Packaging & Procurementno data€417.97k0.085%
€ 7.9m
Stephen Naumann
Executive Vice President of Region Europe North & CIS17.3yrs€713.69k0.063%
€ 5.9m
Finn Tørjesen
Executive Vice President of Region Europe South & New Markets4.9yrs€381.62k0.026%
€ 2.4m
Lionel Ettedgui
Executive Vice President of North America4.6yrs€870.04k0.029%
€ 2.7m
Anette Ellingsen
Senior Food Microbiologist & Employee Representative Directorno data€14.85k0.00040%
€ 37.5k
Dag Gronevik
Executive Vice President of Equipment & Service2.1yrs€260.12k0.0034%
€ 314.4k
Mirza Koristovic
Head of Investor Relationsno datano datano data
Thea Bristol
Chief Marketing & Communications Officerless than a yearno datano data

4.9yrs

Average Tenure

Experienced Management: ELO's management team is considered experienced (4.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anette Ellingsen
Senior Food Microbiologist & Employee Representative Director2.9yrs€14.85k0.00040%
€ 37.5k
Dag Mejdell
Independent Chairpersonless than a yearno datano data
Anna Belfrage
Independent Director3yrs€48.00kno data
Sanna Suvanto-Harsaae
Independent Director3yrs€43.00k0.0053%
€ 498.4k
Trond Solberg
Independent Director16.3yrsno datano data
Manuel Arbiol
Board Observer3.3yrsno datano data
Sid Johari
Independent Director7.3yrs€40.00k0.0066%
€ 623.3k
Marianne Groven
Deputy Employee-elected Board Member2.8yrs€742.00no data
Connie Kormeseth
Deputy Employee Representative Director3.3yrsno datano data
Erland Fretheim
Deputy Employee Representative Directorless than a yearno datano data
Havard Urhamar
Employee Representative Directorless than a yearno datano data
Magne Hamarstrom
Deputy Employee Representative Directorless than a yearno datano data

3.0yrs

Average Tenure

57yo

Average Age

Experienced Board: ELO's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.

Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy PolicyLogos provided by Clearbit
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.