Norske Skog Management
Management criteria checks 1/4
Norske Skog's CEO is Geir Drangsland, appointed in Sep 2023, has a tenure of less than a year. total yearly compensation is NOK3.05M, comprised of 60.7% salary and 39.3% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth NOK10.16M. The average tenure of the management team and the board of directors is 0.5 years and 1.3 years respectively.
Key information
Geir Drangsland
Chief executive officer
kr3.1m
Total compensation
| CEO salary percentage | 60.7% |
| CEO tenure | less than a year |
| CEO ownership | 0.3% |
| Management average tenure | less than a year |
| Board average tenure | 1.3yrs |
Recent management updates
Recent updates
Is Norske Skog (OB:NSKOG) A Risky Investment?
Sep 09
Norske Skog ASA (OB:NSKOG) Just Released Its Second-Quarter Earnings: Here's What Analysts Think
Jul 19Norske Skog (OB:NSKOG) Takes On Some Risk With Its Use Of Debt
Feb 16Is Norske Skog (OB:NSKOG) A Risky Investment?
May 26Did Norske Skog ASA (OB:NSKOG) Insiders Buy Up More Shares?
Feb 17Norske Skog ASA (OB:NSKOG) Shares Could Be 25% Above Their Intrinsic Value Estimate
Jan 13
Norske Skog (OB:NSKOG) Share Prices Have Dropped 18% In The Last Year
Dec 16Norske Skog (OB:NSKOG) Has A Somewhat Strained Balance Sheet
Nov 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | kr334m |
| Dec 31 2023 | kr3m | kr2m | kr481m |
Compensation vs Market: Geir's total compensation ($USD275.05K) is below average for companies of similar size in the Norwegian market ($USD488.54K).
Compensation vs Earnings: Insufficient data to compare Geir's compensation with company performance.
CEO
Geir Drangsland (61 yo)
less than a year
Tenure
kr3,053,000
Compensation
Mr. Geir Olav Drangsland serves as Chief Executive Officer at Norske Skog ASA since September 01, 2023. He was Chairperson at Norske Skog ASA since March 9, 2023 until September 01, 2023. He served as the...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | less than a year | kr3.05m | 0.32% NOK 10.2m | |
| Senior Vice President of Commercial | 6.3yrs | kr5.65m | 0.0062% NOK 196.5k | |
| Chief Financial Officer | less than a year | no data | no data | |
| Vice President of Corporate Finance | less than a year | no data | no data | |
| Senior VP & General Counsel | less than a year | no data | no data | |
| Vice President of Corporate Communication & Public Affairs | no data | no data | no data | |
| Managing Director of Golbey | no data | no data | no data | |
| Head of Sustainability | 2.3yrs | no data | no data |
0.5yrs
Average Tenure
52yo
Average Age
Experienced Management: NSKOG's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | less than a year | no data | no data | |
| Independent Director | 4.6yrs | kr383.00k | no data | |
| Independent Chair of the Board | 5.6yrs | kr570.00k | 0.049% NOK 1.6m | |
| Independent Director | 1.1yrs | no data | no data | |
| Director | less than a year | no data | no data | |
| Board Observer | 2.3yrs | no data | no data | |
| Board Observer | 1.3yrs | no data | no data |
1.3yrs
Average Tenure
50yo
Average Age
Experienced Board: NSKOG's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.