2cureX Management

Management criteria checks 2/4

2cureX's CEO is Ole Thastrup, appointed in Jan 2006, has a tenure of 18.83 years. total yearly compensation is SEK300.00K, comprised of 50% salary and 50% bonuses, including company stock and options. directly owns 23.8% of the company’s shares, worth SEK2.00M. The average tenure of the management team and the board of directors is 3.8 years and 2 years respectively.

Key information

Ole Thastrup

Chief executive officer

SEK 300.0k

Total compensation

CEO salary percentage	50.0%
CEO tenure	18.8yrs
CEO ownership	23.8%
Management average tenure	3.8yrs
Board average tenure	2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ole Thastrup's remuneration changed compared to 2cureX's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-SEK 26m
Mar 31 2024	n/a	n/a	-SEK 30m
Dec 31 2023	SEK 300k	SEK 150k	-SEK 33m
Sep 30 2023	n/a	n/a	-SEK 33m
Jun 30 2023	n/a	n/a	-SEK 31m
Mar 31 2023	n/a	n/a	-SEK 29m
Dec 31 2022	SEK 150k	n/a	-SEK 30m
Sep 30 2022	n/a	n/a	-SEK 29m
Jun 30 2022	n/a	n/a	-SEK 26m
Mar 31 2022	n/a	n/a	-SEK 25m
Dec 31 2021	SEK 150k	n/a	-SEK 19m
Sep 30 2021	n/a	n/a	-SEK 15m
Jun 30 2021	n/a	n/a	-SEK 10m
Mar 31 2021	n/a	n/a	-SEK 8m
Dec 31 2020	SEK 2m	SEK 2m	-SEK 7m
Sep 30 2020	n/a	n/a	-SEK 7m
Jun 30 2020	n/a	n/a	-SEK 8m
Mar 31 2020	n/a	n/a	-SEK 8m
Dec 31 2019	SEK 2m	SEK 2m	-SEK 8m
Sep 30 2019	n/a	n/a	-SEK 6m
Jun 30 2019	n/a	n/a	-SEK 6m
Mar 31 2019	n/a	n/a	-SEK 6m
Dec 31 2018	SEK 2m	SEK 2m	-SEK 7m

Compensation vs Market: Ole's total compensation ($USD27.17K) is below average for companies of similar size in the Swedish market ($USD236.30K).

Compensation vs Earnings: Ole's compensation has increased whilst the company is unprofitable.

CEO

Ole Thastrup (71 yo)

18.8yrs

Tenure

SEK 300,000

Compensation

Mr. Ole Thastrup is CEO of 2cureX AB (publ) since June 2024 and serves as it's Vice Chairman of the Board since January 01, 2024 and served as the Chief Scientific Officer since January 2021 until January...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ole Thastrup	Co-Founder	18.8yrs	SEK 300.00k	23.8% SEK 2.0m
Grith Hagel	Co-Founder	no data	no data	3.87% SEK 325.9k
Kenneth Johansen	Chief Financial Officer	3.8yrs	no data	0.023% SEK 1.9k
Jacob Thastrup	Chief Technology Officer	less than a year	no data	0.062% SEK 5.2k
Manuel Fernandez	Director Quality & Regulatory Affairs	no data	no data	no data

3.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 2CUREX's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ole Thastrup	Co-Founder	18.8yrs	SEK 300.00k	23.8% SEK 2.0m
Grith Hagel	Co-Founder	less than a year	no data	3.87% SEK 325.9k
John Marshall	Member of Clinical Advisory Board	3.3yrs	no data	no data
Tonni Bülow-Nielsen	Chairman of the Board	less than a year	no data	no data
Jesus Garcia-Foncillas	Member of Clinical Advisory Board	3.3yrs	no data	no data
Andrew Beggs	Member of Clinical Advisory Board	3yrs	no data	no data
Nathaniel Hutley	Director	less than a year	no data	no data
Dan Honeywell	Director	less than a year	no data	no data

2.0yrs

Average Tenure

Experienced Board: 2CUREX's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

2cureX Management

Management criteria checks 2/4

Key information

Recent management updates

2cureX AB (publ) Approves the Election of New Board Members

2cureX AB (publ) Announces CEO Changes

No independent directors

2curex AB (publ) Elects Grith Hagel as a New Board Member

2cureX AB (publ), Annual General Meeting, May 23, 2024

2Curex AB (Publ) Appoints Tonni Bülow-Nielsen as Board Member and Chairman

Recent updates

2cureX AB (publ) Approves the Election of New Board Members

First half 2024 earnings released: kr0.54 loss per share (vs kr0.89 loss in 1H 2023)

2cureX AB (publ) to Report Fiscal Year 2024 Final Results on Apr 24, 2025

2cureX AB (publ) Announces CEO Changes

2cureX AB (publ) to Report Q4, 2024 Results on Feb 20, 2025

No independent directors

2curex AB (publ) Elects Grith Hagel as a New Board Member

Full year 2023 earnings released: kr1.75 loss per share (vs kr1.69 loss in FY 2022)

2cureX AB (publ), Annual General Meeting, May 23, 2024

2cureX AB (publ) to Report Q2, 2024 Results on Aug 22, 2024

2cureX AB (publ) Receives Ethical Approval for HIPEC Clinical Trial

Third quarter 2023 earnings released: kr0.58 loss per share (vs kr0.47 loss in 3Q 2022)

2Curex AB (Publ) Appoints Tonni Bülow-Nielsen as Board Member and Chairman

New minor risk - Share price stability

2curex Launches Its First Two IndiTreat® Products Ce-Marked Under the New Ivd Regulation

New major risk - Financial position

First quarter 2023 earnings released: kr0.43 loss per share (vs kr0.45 loss in 1Q 2022)

Chief Executive Officer recently bought kr136k worth of stock

Chief Executive Officer recently bought kr136k worth of stock

Full year 2022 earnings released: kr1.69 loss per share (vs kr1.15 loss in FY 2021)

Full year 2022 earnings released: kr1.69 loss per share (vs kr1.15 loss in FY 2021)

2cureX AB (publ) Appoints Michel Klimkeit to Board of Director

2cureX AB (publ) to Report Q4, 2023 Results on Feb 22, 2024

Third quarter 2022 earnings released: kr0.47 loss per share (vs kr0.31 loss in 3Q 2021)

High number of new and inexperienced directors

2cureX AB (publ), Annual General Meeting, May 25, 2023

2cureX Announces Board Change

Chief Executive Officer recently bought kr84k worth of stock

We're Not Very Worried About 2cureX's (STO:2CUREX) Cash Burn Rate

2cureX AB (publ) Presents Inditreat® Clinical Results At the Society for Functional Precision Medicine

High number of new and inexperienced directors

Manuel Fernández Joins 2cureX as Director of Quality Assurance and Regulatory Affairs

2cureX AB (publ) Announces Management Changes

2cureX (STO:2CUREX) Is In A Good Position To Deliver On Growth Plans

2cureX Launches IndiTreat mCRC Start Test to Guide First Line Treatment

We're Not Very Worried About 2cureX's (STO:2CUREX) Cash Burn Rate

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

2cureX Announces New Development of the IndiTreat Technology Allows Prediction of Response to Anti-Angiogenic Drugs in Colorectal Cancer

High number of new and inexperienced directors

We're Interested To See How 2cureX (STO:2CUREX) Uses Its Cash Hoard To Grow

2Curex AB (Publ) Clinical Partner, University Hospital Vejle, Presents Positive Results of Thnditreat®-Guided Clinicaical Trial in Third Line Metastatic Colorectal Cancer At the Asco 2021 Annual Meeting

Co-Founder exercised options to buy kr7.6m worth of stock.

2cureX AB (publ) Announces Clinical Trial of Inditreat®-Guided Treatment of Metastatic Colorectal Cancer

2cureX AB (publ) to Report Fiscal Year 2021 Results on Feb 24, 2022

Shareholders Of 2cureX (STO:2CUREX) Must Be Happy With Their 280% Total Return

2cureX AB's IndiTreat® Selected to Prestigious Multinational Ovarian Cancer Project

New 90-day high: kr22.60

Chief Financial Officer has left the company

2cureX Appoints Kenneth Graabek Johansen as New CFO, Effective 1 February 2021

2cureX Announces Last Patient Treated in the World's First Interventional Trial with 3D Microtumors as Guide for Choice of Cancer Treatment

New 90-day high: kr17.65

2cureX Announces Management Changes

2cureX AB (publ), Annual General Meeting, May 27, 2021

How Does 2cureX's (STO:2CUREX) CEO Salary Compare to Peers?

New 90-day low: kr16.25

2cureX Announces Last Patient Successfully Enrolled in the Worlds First Interventional Trial with 3D Microtumors as Guide for Choice of Cancer Treatment

New 90-day low: kr17.30

2cureX launches world's first CE-marked microtumor test service

New 90-day high - kr22.50

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team