Thule Group Management
Management criteria checks 2/4
Thule Group's CEO is Mattias Ankarberg, appointed in Aug 2023, has a tenure of less than a year. total yearly compensation is SEK6.22M, comprised of 61% salary and 39% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth SEK3.13M. The average tenure of the management team and the board of directors is 3.1 years and 2.1 years respectively.
Key information
Mattias Ankarberg
Chief executive officer
kr6.2m
Total compensation
| CEO salary percentage | 61.0% |
| CEO tenure | less than a year |
| CEO ownership | 0.009% |
| Management average tenure | 3.1yrs |
| Board average tenure | 2.1yrs |
Recent management updates
Recent updates
Thule Group AB (publ) (STO:THULE) Just Released Its First-Quarter Earnings: Here's What Analysts Think
May 01
Thule Group's (STO:THULE) Upcoming Dividend Will Be Larger Than Last Year's
Apr 25Thule Group AB (publ)'s (STO:THULE) Price Is Out Of Tune With Earnings
Apr 20Is Now The Time To Look At Buying Thule Group AB (publ) (STO:THULE)?
Apr 07Thule Group (STO:THULE) Will Pay A Larger Dividend Than Last Year At SEK4.75
Mar 26Here's Why Thule Group (STO:THULE) Can Manage Its Debt Responsibly
Mar 17Calculating The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)
Mar 05Thule Group (STO:THULE) Is Increasing Its Dividend To SEK4.75
Feb 22Thule Group AB (publ)'s (STO:THULE) Share Price Could Signal Some Risk
Jan 07Thule Group (STO:THULE) Could Be Struggling To Allocate Capital
Dec 14Does Thule Group (STO:THULE) Have A Healthy Balance Sheet?
Nov 30A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)
Nov 17Should You Think About Buying Thule Group AB (publ) (STO:THULE) Now?
Oct 24Thule Group (STO:THULE) Is Paying Out Less In Dividends Than Last Year
Sep 26Be Wary Of Thule Group (STO:THULE) And Its Returns On Capital
Sep 11Thule Group's (STO:THULE) Dividend Will Be Reduced To SEK4.60
Aug 28Thule Group's (STO:THULE) Dividend Is Being Reduced To SEK4.60
Aug 10Thule Group (STO:THULE) Has A Somewhat Strained Balance Sheet
Aug 04A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)
Jul 18Thule Group (STO:THULE) Will Pay A Smaller Dividend Than Last Year
Jul 18Thule Group (STO:THULE) Is Reducing Its Dividend To SEK4.60
Jul 01Returns On Capital At Thule Group (STO:THULE) Have Stalled
May 31Thule Group's (STO:THULE) Dividend Is Being Reduced To SEK4.60
May 14Thule Group's (STO:THULE) Shareholders Will Receive A Smaller Dividend Than Last Year
Apr 30A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)
Apr 17Thule Group's (STO:THULE) Dividend Will Be Reduced To SEK4.60
Apr 05These 4 Measures Indicate That Thule Group (STO:THULE) Is Using Debt Extensively
Apr 03Returns At Thule Group (STO:THULE) Appear To Be Weighed Down
Feb 25Thule Group (STO:THULE) Is Reducing Its Dividend To SEK4.60
Feb 13Should You Investigate Thule Group AB (publ) (STO:THULE) At kr241?
Jan 11Is Thule Group (STO:THULE) A Risky Investment?
Dec 30Estimating The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)
Dec 18Slowing Rates Of Return At Thule Group (STO:THULE) Leave Little Room For Excitement
Nov 09Is Now An Opportune Moment To Examine Thule Group AB (publ) (STO:THULE)?
Sep 26Thule Group (STO:THULE) Is Paying Out A Larger Dividend Than Last Year
Sep 15Thule Group (STO:THULE) Seems To Use Debt Quite Sensibly
Sep 13Here's Why We Think Thule Group (STO:THULE) Might Deserve Your Attention Today
Sep 02Thule Group's (STO:THULE) Dividend Will Be Increased To SEK6.50
Aug 08Returns on Capital Paint A Bright Future For Thule Group (STO:THULE)
Jul 31CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | kr1b |
| Dec 31 2023 | kr6m | kr4m | kr1b |
| Sep 30 2023 | n/a | n/a | kr1b |
| Jun 30 2023 | n/a | n/a | kr935m |
| Mar 31 2023 | n/a | n/a | kr1b |
| Dec 31 2022 | kr445k | n/a | kr1b |
| Sep 30 2022 | n/a | n/a | kr1b |
| Jun 30 2022 | n/a | n/a | kr2b |
| Mar 31 2022 | n/a | n/a | kr2b |
| Dec 31 2021 | kr396k | n/a | kr2b |
| Sep 30 2021 | n/a | n/a | kr2b |
| Jun 30 2021 | n/a | n/a | kr2b |
| Mar 31 2021 | n/a | n/a | kr1b |
| Dec 31 2020 | kr385k | n/a | kr1b |
| Sep 30 2020 | n/a | n/a | kr1b |
| Jun 30 2020 | n/a | n/a | kr763m |
| Mar 31 2020 | n/a | n/a | kr871m |
| Dec 31 2019 | kr379k | n/a | kr883m |
| Sep 30 2019 | n/a | n/a | kr897m |
| Jun 30 2019 | n/a | n/a | kr905m |
| Mar 31 2019 | n/a | n/a | kr870m |
| Dec 31 2018 | kr270k | n/a | kr837m |
Compensation vs Market: Mattias's total compensation ($USD574.65K) is below average for companies of similar size in the Swedish market ($USD1.02M).
Compensation vs Earnings: Mattias's compensation has increased by more than 20% in the past year.
CEO
Mattias Ankarberg (47 yo)
less than a year
Tenure
kr6,218,000
Compensation
Mr. Mattias Ankarberg had been the Chief Executive Officer and President at Byggmax Group AB (publ) since November 14, 2016 until 2023. Mr. Ankarberg served as an Independent Director of Thule Group AB (pu...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | less than a year | kr6.22m | 0.0095% SEK 3.1m | |
| Chief Financial Officer | less than a year | no data | 0.00071% SEK 235.1k | |
| Head of Group Accounting | no data | no data | no data | |
| Senior Vice President of Communications & Investor Relations | 14.3yrs | no data | 0.081% SEK 26.9m | |
| President of Region Americas | 3.1yrs | no data | no data | |
| Senior Vice President of Product Development | 4.3yrs | no data | 0.0013% SEK 427.2k | |
| Secretary | no data | no data | no data |
3.1yrs
Average Tenure
51yo
Average Age
Experienced Management: THULE's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chair of the Board | 17.3yrs | kr1.49m | 0.033% SEK 11.0m | |
| Independent Director | 2.1yrs | kr521.00k | 0.0018% SEK 596.1k | |
| Independent Director | 2.1yrs | kr426.00k | 0.0031% SEK 1.0m | |
| Director | less than a year | no data | no data | |
| Independent Deputy Chairman | 8yrs | kr471.00k | 0.0016% SEK 546.4k | |
| Director | less than a year | no data | no data | |
| Independent Director | 5.1yrs | kr661.00k | 0.0017% SEK 563.0k | |
| Independent Director | 1.1yrs | kr322.00k | 0.014% SEK 4.7m |
2.1yrs
Average Tenure
56yo
Average Age
Experienced Board: THULE's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.