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GC Rieber Shipping Management
Management criteria checks 2/4
GC Rieber Shipping's CEO is Einar Ytredal, appointed in Sep 2018, has a tenure of 5.25 years. total yearly compensation is NOK3.84M, comprised of 88.3% salary and 11.7% bonuses, including company stock and options. directly owns 0.047% of the company’s shares, worth NOK357.32K. The average tenure of the management team and the board of directors is 1.9 years and 2.7 years respectively.
Key information
Einar Ytredal
Chief executive officer
NOK 3.8m
Total compensation
| CEO salary percentage | 88.28% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.05% |
| Management average tenure | 1.9yrs |
| Board average tenure | 2.7yrs |
Recent management updates
Recent updates
Does GC Rieber Shipping (OB:RISH) Have A Healthy Balance Sheet?
Sep 29
GC Rieber Shipping (OB:RISH) Is Making Moderate Use Of Debt
May 20We Discuss Why GC Rieber Shipping ASA's (OB:RISH) CEO Compensation May Be Closely Reviewed
Apr 14Is GC Rieber Shipping (OB:RISH) A Risky Investment?
Jan 28What Type Of Returns Would GC Rieber Shipping's(OB:RISH) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Dec 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | NOK 62m |
| Jun 30 2023 | n/a | n/a | NOK 106m |
| Mar 31 2023 | n/a | n/a | NOK 98m |
| Dec 31 2022 | NOK 4m | NOK 3m | -NOK 35m |
| Sep 30 2022 | n/a | n/a | NOK 33m |
| Jun 30 2022 | n/a | n/a | NOK 214m |
| Mar 31 2022 | n/a | n/a | NOK 113m |
| Dec 31 2021 | NOK 4m | NOK 4m | NOK 139m |
| Sep 30 2021 | n/a | n/a | NOK 598m |
| Jun 30 2021 | n/a | n/a | NOK 373m |
| Mar 31 2021 | n/a | n/a | NOK 286m |
| Dec 31 2020 | NOK 3m | NOK 2m | NOK 17m |
| Sep 30 2020 | n/a | n/a | -NOK 443m |
| Jun 30 2020 | n/a | n/a | -NOK 398m |
| Mar 31 2020 | n/a | n/a | -NOK 183m |
| Dec 31 2019 | NOK 3m | NOK 2m | NOK 14m |
| Sep 30 2019 | n/a | n/a | NOK 276m |
| Jun 30 2019 | n/a | n/a | NOK 206m |
| Mar 31 2019 | n/a | n/a | NOK 103m |
| Dec 31 2018 | NOK 2m | NOK 2m | NOK 148m |
| Sep 30 2018 | n/a | n/a | -NOK 203m |
| Jun 30 2018 | n/a | n/a | -NOK 114m |
| Mar 31 2018 | n/a | n/a | -NOK 123m |
| Dec 31 2017 | NOK 2m | NOK 2m | -NOK 130m |
| Sep 30 2017 | n/a | n/a | -NOK 210m |
| Jun 30 2017 | n/a | n/a | -NOK 287m |
| Mar 31 2017 | n/a | n/a | -NOK 333m |
| Dec 31 2016 | NOK 2m | NOK 2m | -NOK 361m |
Compensation vs Market: Einar's total compensation ($USD366.88K) is about average for companies of similar size in the Norwegian market ($USD302.06K).
Compensation vs Earnings: Einar's compensation has been consistent with company performance over the past year.
CEO
Einar Ytredal (46 yo)
5.3yrs
Tenure
NOK 3,840,000
Compensation
Mr. Einar Ytredal has been Chief Executive Officer of GC Rieber Shipping ASA since November 12, 2018. Mr. Ytredal has served as the Chief Financial Officer of GC Rieber Shipping ASA since September 2011 un...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 5.3yrs | NOK 3.84m | 0.047% NOK 357.3k | |
| Chief Commercial Officer | less than a year | NOK 2.36m | 0.032% NOK 240.8k | |
| CFO & Group Financial Controller | 2.9yrs | no data | no data | |
| Chief Technology Officer | less than a year | no data | no data |
1.9yrs
Average Tenure
Experienced Management: RISH's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of The Board | less than a year | no data | no data | |
| Director | 2.7yrs | NOK 250.00k | no data | |
| Independent Vice Chairman | 5.7yrs | NOK 225.00k | no data | |
| Director | 2.7yrs | NOK 175.00k | no data |
2.7yrs
Average Tenure
52yo
Average Age
Experienced Board: RISH's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/14 00:37 |
| End of Day Share Price | 2023/12/14 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
GC Rieber Shipping ASA is covered by 1 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Magne Oymmo | Pareto Securities |