ECIT Management

Management criteria checks 2/4

ECIT's CEO is PL Lauring, appointed in May 2013, has a tenure of 10.92 years. directly owns 9.49% of the company’s shares, worth NOK298.24M. The average tenure of the management team and the board of directors is 2.3 years and 4.4 years respectively.

Key information

PL Lauring

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	10.9yrs
CEO ownership	9.5%
Management average tenure	2.3yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

Robust Earnings May Not Tell The Whole Story For ECIT (OB:ECIT)

Sep 09

CEO

PL Lauring (64 yo)

10.9yrs

Tenure

Mr. Peter Lauring, also known as PL, is Founder at ECIT AS since 2013 and has been its Chief Executive Officer and until April 2022 and is its Member of Executive Board and served as Director since May 201...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peter Lauring	Founder	10.9yrs	no data	9.49% NOK 298.2m
Mads Skovgaard	Chief Financial Officer	no data	no data	0.16% NOK 5.0m
Halvor Aspaas	Executive Vice President of Tech Division & Consulting Division	no data	no data	1.05% NOK 33.1m
Lise Molund	Group Legal	no data	no data	no data
Jes Schjotler	Executive Vice President of Compliance	less than a year	no data	no data
Camilla Hagberg	Group HR & Partner of Cross Mgmt.	2.3yrs	no data	no data
Mikkel Walde	Executive Vice President of IT Division	no data	no data	no data
Klaus Jensen	Executive VP of F&A Division and Director	no data	no data	3.27% NOK 102.8m
Nicolaj Johansen	MD of ECIT Services DK & Partner of Cross Mgmt.	no data	no data	no data
Eivind Norebo	MD of tech Div.	6.8yrs	no data	no data
Linda Forberg	MD of F&A Norway	2.3yrs	no data	0.24% NOK 7.4m
Knut Opstad	MD of ECIT Norian & Partner of Cross Mgmt.	2.3yrs	no data	no data

2.3yrs

Average Tenure

52yo

Average Age

Experienced Management: ECIT's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Klaus Jensen	Executive VP of F&A Division and Director	7.6yrs	no data	3.27% NOK 102.8m
Eivind Norebo	MD of tech Div.	6.8yrs	no data	no data
Linda Forberg	MD of F&A Norway	2yrs	no data	0.24% NOK 7.4m
Thomas Plenborg	Chairman	2yrs	no data	0% NOK 0
Christian Bjørnstad	Board Observer	2yrs	no data	0.081% NOK 2.6m
Pedro Fasting	Independent Deputy Chairman of the Board	10.9yrs	no data	no data
Cato Holmsen	Director	7.1yrs	no data	0.67% NOK 21.2m
Espen Karlsen	Director	2yrs	no data	no data

4.4yrs

Average Tenure

52yo

Average Age

Experienced Board: ECIT's board of directors are considered experienced (4.4 years average tenure).

ECIT Management

Management criteria checks 2/4

Key information

Recent management updates

Founder recently bought kr156k worth of stock

ECIT AS, Annual General Meeting, Mar 21, 2024

Chairman recently bought kr9.6m worth of stock

VP & Director recently bought kr430k worth of stock

Less than half of directors are independent

Insider recently bought kr240k worth of stock

Recent updates

ECIT AS (OB:ECIT) acquired 75% stake in Företagsbyrån I Luleå Ab.

Upcoming dividend of kr0.06 per share

Dividend increased to kr0.06

Full year 2023 earnings released

ECIT AS Proposes Ordinary Dividend for the Fiscal Year 2023, Payable on or About April 8, 2024

New minor risk - Shareholder dilution

Founder recently bought kr156k worth of stock

Third quarter 2023 earnings released: EPS: kr0.04 (vs kr0.056 in 3Q 2022)

ECIT AS (OB:ECIT) entered into an agreement to acquire 50.1% stake in Evercom AS.

ECIT AS, Annual General Meeting, Mar 21, 2024

ECIT AS (OB:ECIT) acquired 55.37% stake in Kreatif As.

ECIT AS (OB:ECIT) acquired 50.1% stake in Kovert AS.

ECIT AS (OB:ECIT) acquired 43.11% stake in ESG Trackr AS.

ECIT AS (OB:ECIT) acquired 96.016% stake in Dataplan As.

First quarter 2023 earnings released

Chairman recently bought kr9.6m worth of stock

Upcoming dividend of kr0.04 per share at 0.6% yield

VP & Director recently bought kr430k worth of stock

Full year 2022 earnings released

ECIT AS (OB:ECIT) acquired 60% of Progresso Invest AS.

ECIT AS to Report Q1, 2023 Results on May 10, 2023

Third quarter 2022 earnings released

Less than half of directors are independent

ECIT AS (OB:ECIT) completed the acquisition of 50.1% stake in Intunor Services As.

ECIT AS (OB:ECIT) acquired 90% stake in Argus Kreditt As.

ECIT AS (OB:ECIT) entered into an agreement to acquire 50.1% of Intunor Services As.

ECIT AS (OB:ECIT) entered into an agreement to acquire 50.1% of Intunor Services As.

Insider recently bought kr240k worth of stock

ECIT AS (OB:ECIT) commences an Equity Buyback Plan, under the authorization granted on April 8, 2022.

ECIT AS (OB:ECIT) commences an Equity Buyback Plan, under the authorization granted on April 8, 2022.

Second quarter 2022 earnings released

Insider recently bought kr123k worth of stock

ECIT AS (OB:ECIT) acquired 50.1% stake in Auto-Flow Aps.

ECIT AS (OB:ECIT) acquired Tandem Regnskap AS.

ECIT AS announced that it expects to receive NOK 4.514312 million in funding

VP & Director recently bought kr300k worth of stock

First quarter 2022 earnings released

Less than half of directors are independent

ECIT AS Announces Executive Changes

VP & Director recently bought kr96k worth of stock

VP & Director recently bought kr97k worth of stock

VP & Director recently bought kr189k worth of stock

VP & Director recently bought kr189k worth of stock

Robust Earnings May Not Tell The Whole Story For ECIT (OB:ECIT)

VP & Director recently bought kr250k worth of stock

Investor sentiment improved over the past week

ECIT AS (OB:ECIT) acquired 70% stake in Pc-system Senteret As.

Regional leader BPO Norway recently bought kr54k worth of stock

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age