Edda Wind Management
Management criteria checks 0/4
Edda Wind's CEO is Kenneth Walland, appointed in Apr 2021, has a tenure of 3.08 years. total yearly compensation is €3.24M, comprised of 78.8% salary and 21.2% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth NOK5.72M. The average tenure of the management team and the board of directors is 1.2 years and 2.5 years respectively.
Key information
Kenneth Walland
Chief executive officer
€3.2m
Total compensation
| CEO salary percentage | 78.8% |
| CEO tenure | 3.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.2yrs |
| Board average tenure | 2.5yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -€4m |
| Sep 30 2023 | n/a | n/a | €1m |
| Jun 30 2023 | n/a | n/a | -€46k |
| Mar 31 2023 | n/a | n/a | €720k |
| Dec 31 2022 | €3m | €3m | €2m |
| Sep 30 2022 | n/a | n/a | €2m |
| Jun 30 2022 | n/a | n/a | €2m |
| Mar 31 2022 | n/a | n/a | €2m |
| Dec 31 2021 | €234k | €162k | €2m |
Compensation vs Market: Kenneth's total compensation ($USD3.46M) is above average for companies of similar size in the Norwegian market ($USD488.54K).
Compensation vs Earnings: Kenneth's compensation has increased whilst the company is unprofitable.
CEO
Kenneth Walland
3.1yrs
Tenure
€3,244,214
Compensation
Mr. Kenneth Walland has been Chief Executive Officer of Østensjø Rederi AS since March 10, 2016. Mr. Walland is Chief Executive Officer of Edda Wind ASA since April 01, 2021. He served as the Chief Operati...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3.1yrs | €3.24m | 0.23% € 5.7m | |
| Chief Operating Officer | 1.8yrs | €1.40m | no data | |
| Chief Commercial Officer | 3.1yrs | €1.62m | 0.048% € 1.2m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Technology Officer | less than a year | no data | no data | |
| Chief HR Officer | less than a year | no data | no data | |
| Vice President of Finance | no data | no data | no data |
1.2yrs
Average Tenure
Experienced Management: EWIND's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chair | 4.3yrs | €250.00k | 0.082% € 2.0m | |
| Director | 2.5yrs | €250.00k | 0.019% € 476.9k | |
| Director | 5.3yrs | €400.00k | no data | |
| Director | 2.5yrs | €250.00k | no data | |
| Director | 2.4yrs | €250.00k | 0.030% € 741.0k | |
| Director | 2.4yrs | €250.00k | no data | |
| Director | 2.4yrs | €250.00k | 0.0039% € 95.4k |
2.5yrs
Average Tenure
Experienced Board: EWIND's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.