OKEA Management
Management criteria checks 2/4
OKEA's CEO is Svein Liknes, appointed in Jun 2021, has a tenure of 2.92 years. total yearly compensation is NOK8.67M, comprised of 64.7% salary and 35.3% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth NOK4.48M. The average tenure of the management team and the board of directors is 2.9 years and 1.3 years respectively.
Key information
Svein Liknes
Chief executive officer
kr8.7m
Total compensation
| CEO salary percentage | 64.7% |
| CEO tenure | 2.9yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.9yrs |
| Board average tenure | 1.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -kr1b |
| Dec 31 2023 | kr9m | kr6m | -kr935m |
| Sep 30 2023 | n/a | n/a | kr652m |
| Jun 30 2023 | n/a | n/a | kr724m |
| Mar 31 2023 | n/a | n/a | kr682m |
| Dec 31 2022 | kr9m | kr5m | kr670m |
| Sep 30 2022 | n/a | n/a | kr629m |
| Jun 30 2022 | n/a | n/a | kr621m |
| Mar 31 2022 | n/a | n/a | kr794m |
| Dec 31 2021 | kr7m | kr2m | kr603m |
Compensation vs Market: Svein's total compensation ($USD819.52K) is above average for companies of similar size in the Swedish market ($USD452.72K).
Compensation vs Earnings: Svein's compensation has been consistent with company performance over the past year.
CEO
Svein Liknes (51 yo)
2.9yrs
Tenure
kr8,674,000
Compensation
Mr. Svein Jacob Liknes has been Chief Executive Officer at OKEA ASA since June 01, 2021. Mr. Liknes was Senior Vice President, Operations and Asset Development until May 2019 and served as its Interim Head...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 2.9yrs | kr8.67m | 0.17% NOK 4.5m | |
| Chief Financial Officer | 4.2yrs | kr5.22m | 0.15% NOK 3.8m | |
| Senior Vice President of Operations | no data | kr5.15m | 0.092% NOK 2.4m | |
| SVP of Project & Technology | 4.1yrs | kr5.50m | 0.16% NOK 4.3m | |
| Vice President of Legal | 4.3yrs | kr3.02m | 0.11% NOK 2.9m | |
| Senior Vice President of Subsurface | less than a year | kr1.28m | no data | |
| Senior Vice President of Special Projects | no data | kr4.48m | 0.19% NOK 4.9m | |
| Senior Vice President of Business Performance | 1.9yrs | kr4.26m | 0.16% NOK 4.2m | |
| SVP of Business Development & Commercial | 4.6yrs | kr4.45m | 0.23% NOK 6.1m | |
| Senior Vice President of Drilling & Wells | 2.3yrs | kr4.43m | no data | |
| Vice President of IR & Communication | no data | no data | no data | |
| Vice President of People & Organization | 1.7yrs | no data | no data |
2.9yrs
Average Tenure
50yo
Average Age
Experienced Management: OKEAO's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-executive Director | 5.1yrs | kr885.00k | 0.044% NOK 1.2m | |
| Independent Non-executive Director | 5.1yrs | kr784.00k | 0.021% NOK 562.8k | |
| Non-executive Chairman of the Board | 5.1yrs | kr948.00k | 0.034% NOK 893.5k | |
| Independent Non-executive Director | 5.1yrs | kr812.00k | 0.021% NOK 562.8k | |
| Non-Executive Vice Chair of the Board | 5.5yrs | kr860.00k | 0.021% NOK 562.8k | |
| Employee Representative Director | 1.3yrs | kr317.00k | 0.095% NOK 2.5m | |
| Deputy Board Member | no data | kr11.00k | 0.015% NOK 397.9k | |
| Director | less than a year | kr542.00k | no data | |
| Independent Non-Executive Director | less than a year | kr606.00k | no data | |
| Independent Non-Executive Director | less than a year | kr578.00k | no data | |
| Employee Representative Director | 1.3yrs | kr336.00k | no data | |
| Employee Representative Director | 1.3yrs | kr317.00k | no data |
1.3yrs
Average Tenure
54yo
Average Age
Experienced Board: OKEAO's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.