NEXT Biometrics Group Management
Management criteria checks 2/4
NEXT Biometrics Group's CEO is Ulf Ritsvall, appointed in Oct 2023, has a tenure of 1.08 years. total yearly compensation is NOK3.90M, comprised of 54.6% salary and 45.4% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth NOK116.94K. The average tenure of the management team and the board of directors is 1 years and 6.6 years respectively.
Key information
Ulf Ritsvall
Chief executive officer
NOK 3.9m
Total compensation
| CEO salary percentage | 54.6% |
| CEO tenure | 1.1yrs |
| CEO ownership | 0.01% |
| Management average tenure | less than a year |
| Board average tenure | 6.6yrs |
Recent management updates
Recent updates
Will NEXT Biometrics Group (OB:NEXT) Spend Its Cash Wisely?
Aug 28
We're Not Very Worried About NEXT Biometrics Group's (OB:NEXT) Cash Burn Rate
Apr 28Here's Why We're Not Too Worried About NEXT Biometrics Group's (OB:NEXT) Cash Burn Situation
Sep 29NEXT Biometrics Group (OB:NEXT) Is In A Good Position To Deliver On Growth Plans
May 12The NEXT Biometrics Group (OB:NEXT) Share Price Is Up 100% And Shareholders Are Holding On
Feb 10
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -NOK 35m |
| Jun 30 2024 | n/a | n/a | -NOK 54m |
| Mar 31 2024 | n/a | n/a | -NOK 67m |
| Dec 31 2023 | NOK 4m | NOK 2m | -NOK 66m |
| Sep 30 2023 | n/a | n/a | -NOK 66m |
| Jun 30 2023 | n/a | n/a | -NOK 56m |
| Mar 31 2023 | n/a | n/a | -NOK 46m |
| Dec 31 2022 | NOK 3m | NOK 2m | -NOK 46m |
| Sep 30 2022 | n/a | n/a | -NOK 54m |
| Jun 30 2022 | n/a | n/a | -NOK 59m |
| Mar 31 2022 | n/a | n/a | -NOK 57m |
| Dec 31 2021 | NOK 2m | NOK 366k | -NOK 60m |
Compensation vs Market: Ulf's total compensation ($USD352.31K) is about average for companies of similar size in the Norwegian market ($USD300.00K).
Compensation vs Earnings: Ulf's compensation has increased whilst the company is unprofitable.
CEO
Ulf Ritsvall
1.1yrs
Tenure
NOK 3,899,000
Compensation
Mr. Ulf Ritsvall serves as Chief Executive Officer of NEXT Biometrics Group ASA since October 01, 2023. He served as the Senior Vice President of Sales and Marketing at NEXT Biometrics Group ASA since Octo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1.1yrs | NOK 3.90m | 0.015% NOK 116.9k | |
| Chief Financial Officer | 4.8yrs | NOK 3.02m | 0.10% NOK 818.7k | |
| Senior VP & Head of Sales South-East Asia | less than a year | NOK 1.89m | no data | |
| Chief Product Officer | less than a year | NOK 2.52m | 0.017% NOK 137.6k | |
| Senior VP & Head of Sales IUEA | less than a year | NOK 4.31m | no data |
1.0yrs
Average Tenure
44yo
Average Age
Experienced Management: NEXT's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Strategic Advisor | 8.8yrs | no data | no data | |
| Strategic Advisor | 8.8yrs | no data | no data | |
| Strategic Advisor | no data | no data | no data | |
| Independent Director | 5.4yrs | NOK 500.00k | 0.90% NOK 7.1m | |
| Independent Chairman of the Board | 4.4yrs | NOK 200.00k | 0.48% NOK 3.8m | |
| Independent Director | 7.8yrs | NOK 200.00k | 0.069% NOK 548.6k | |
| Independent Director | 2.5yrs | NOK 273.00k | no data |
6.6yrs
Average Tenure
Experienced Board: NEXT's board of directors are considered experienced (6.6 years average tenure).