Boliden Management

Management criteria checks 3/4

Boliden's CEO is Mikael Staffas, appointed in Jun 2018, has a tenure of 5.83 years. total yearly compensation is SEK15.52M, comprised of 64% salary and 36% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth SEK12.68M. The average tenure of the management team and the board of directors is 6.8 years and 2.6 years respectively.

Key information

Mikael Staffas

Chief executive officer

kr15.5m

Total compensation

CEO salary percentage	64.0%
CEO tenure	5.8yrs
CEO ownership	0.01%
Management average tenure	6.8yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mikael Staffas's remuneration changed compared to Boliden's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr5b
Dec 31 2023	kr16m	kr10m	kr6b
Sep 30 2023	n/a	n/a	kr7b
Jun 30 2023	n/a	n/a	kr8b
Mar 31 2023	n/a	n/a	kr11b
Dec 31 2022	kr18m	kr10m	kr12b
Sep 30 2022	n/a	n/a	kr12b
Jun 30 2022	n/a	n/a	kr11b
Mar 31 2022	n/a	n/a	kr10b
Dec 31 2021	kr16m	kr9m	kr9b
Sep 30 2021	n/a	n/a	kr9b
Jun 30 2021	n/a	n/a	kr9b
Mar 31 2021	n/a	n/a	kr8b
Dec 31 2020	kr14m	kr8m	kr7b
Sep 30 2020	n/a	n/a	kr6b
Jun 30 2020	n/a	n/a	kr5b
Mar 31 2020	n/a	n/a	kr5b
Dec 31 2019	kr14m	kr8m	kr6b
Sep 30 2019	n/a	n/a	kr6b
Jun 30 2019	n/a	n/a	kr6b
Mar 31 2019	n/a	n/a	kr7b
Dec 31 2018	kr8m	kr4m	kr7b

Compensation vs Market: Mikael's total compensation ($USD1.44M) is below average for companies of similar size in the Swedish market ($USD2.32M).

Compensation vs Earnings: Mikael's compensation has been consistent with company performance over the past year.

CEO

Mikael Staffas (58 yo)

5.8yrs

Tenure

kr15,523,000

Compensation

Mr. Mikael Staffas, M.Sc. Engineering, MBA, serves as Director of Kemira Oyj since March 22, 2023. He serves as President and Chief Executive Officer of Boliden AB (publ)since June 01, 2018. He was the Pre...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mikael Staffas	President & CEO	5.8yrs	kr15.52m	0.014% SEK 12.7m
Håkan Gabrielsson	Executive VP & CFO	8yrs	no data	0.0018% SEK 1.7m
Göran Kördel	Chief Information Officer	9.9yrs	no data	no data
Olof Grenmark	Director of Investor Relations	6.1yrs	no data	no data
Klas Nilsson	Director of Group Communications	7.5yrs	no data	no data
Åsa Jackson	Executive Vice President of People & Sustainability	5.3yrs	no data	0.0011% SEK 1.0m
Stefan Romedahl	President of Business Area Mines	no data	no data	0.0016% SEK 1.5m
Daniel Peltonen	President of Business Area Smelters	no data	no data	0.0014% SEK 1.3m
Gunnar Agmalm	Head of Ore Base & Project Evaluation	no data	no data	no data

6.8yrs

Average Tenure

56yo

Average Age

Experienced Management: BOL's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Pia Rudengren	Independent Director	7yrs	kr930.00k	0.00037% SEK 347.3k
Karl-Henrik Sundstrom	Independent Chairman of the Board	3yrs	kr2.19m	0.0022% SEK 2.1m
Tomas Eliasson	Independent Director	2yrs	kr805.00k	0.00060% SEK 563.1k
Per Lindberg	Independent Director	3yrs	kr730.00k	0.00073% SEK 685.1k
Helene Bistrom	Independent Director	4yrs	kr655.00k	0.00073% SEK 685.1k
Perttu Louhiluoto	Independent Director	4.9yrs	kr655.00k	no data
Elisabeth Nilsson	Independent Director	9.3yrs	kr655.00k	0.00037% SEK 347.3k
Ola Holmström	Employee Representative Deputy Director	2.3yrs	no data	0.000060% SEK 56.3k
Jonny Johansson	Employee Representative Director	2.3yrs	no data	no data
Timo Popponen	Employee Representative Deputy Director	2.3yrs	no data	no data
Andreas Martensson	Employee Representative Director	2.3yrs	no data	no data
Ronnie Allzen	Employee Representative Director	1.3yrs	no data	no data

2.6yrs

Average Tenure

58.5yo

Average Age

Experienced Board: BOL's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

Boliden Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new and inexperienced directors

High number of new and inexperienced directors

Independent Director recently bought kr502k worth of stock

President of Boliden Smelters recently bought kr333k worth of stock

President & CEO recently bought kr940k worth of stock

High number of new and inexperienced directors

Recent updates

Boliden AB (publ) to Report Q1, 2025 Results on Apr 23, 2025

Boliden (STO:BOL) Is Reducing Its Dividend To SEK7.50

Boliden (STO:BOL) Will Pay A Smaller Dividend Than Last Year

Full year 2023 earnings: EPS exceeds analyst expectations

Boliden (STO:BOL) Is Reducing Its Dividend To SEK7.50

Is Boliden (STO:BOL) Using Too Much Debt?

High number of new and inexperienced directors

Boliden AB (Publ) Proposes an Ordinary Dividend

Boliden AB (publ) to Report Q4, 2024 Results on Feb 06, 2025

Boliden AB (publ) to Report Q4, 2024 Results on Feb 07, 2025

Boliden Announces Lower Throughput Due to Production Disruptions in Aitik

Boliden AB (publ) to Report Fiscal Year 2023 Final Results on Mar 06, 2024

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Here's Why Boliden (STO:BOL) Has A Meaningful Debt Burden

High number of new and inexperienced directors

Junta de Andalucia and Boliden Announces Decision in the Financial Dispensary

Boliden Announces Production Partially Resumes At Rönnskär

Boliden AB (Publ) Provides Earnings Guidance for the Second Quarter of 2023

If EPS Growth Is Important To You, Boliden (STO:BOL) Presents An Opportunity

These 4 Measures Indicate That Boliden (STO:BOL) Is Using Debt Reasonably Well

Independent Director recently bought kr502k worth of stock

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Now 25% undervalued after recent price drop

Upcoming dividend of kr15.00 per share at 6.5% yield

Boliden's (STO:BOL) Dividend Will Be Increased To SEK15.00

Boliden (STO:BOL) Has Some Way To Go To Become A Multi-Bagger

Are Investors Undervaluing Boliden AB (publ) (STO:BOL) By 43%?

Here's Why We Think Boliden (STO:BOL) Is Well Worth Watching

President of Boliden Smelters recently bought kr333k worth of stock

Boliden's (STO:BOL) Dividend Will Be Increased To SEK15.00

President & CEO recently bought kr940k worth of stock

Full year 2022 earnings released: EPS: kr45.37 (vs kr31.81 in FY 2021)

Boliden AB (Publ) Proposes Special Dividend

Boliden AB (publ) to Report Fiscal Year 2022 Results on Mar 08, 2023

Boliden AB (publ) to Report Q4, 2023 Results on Feb 14, 2024

Is Boliden (STO:BOL) A Risky Investment?

Boliden (STO:BOL) Knows How To Allocate Capital

Calculating The Fair Value Of Boliden AB (publ) (STO:BOL)

Here's Why We Think Boliden (STO:BOL) Is Well Worth Watching

High number of new and inexperienced directors

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Boliden AB (publ) to Report Q2, 2023 Results on Jul 20, 2023

These 4 Measures Indicate That Boliden (STO:BOL) Is Using Debt Reasonably Well

Boliden AB (publ) to Report Q1, 2023 Results on Apr 25, 2023

Now 20% undervalued after recent price drop

Is Boliden AB (publ) (STO:BOL) Trading At A 34% Discount?

Should You Be Adding Boliden (STO:BOL) To Your Watchlist Today?

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Slowing Rates Of Return At Boliden (STO:BOL) Leave Little Room For Excitement

Price target decreased to kr361

Price target decreased to kr380

Boliden to Be Deleted from Other OTC

Investor sentiment deteriorated over the past week

Is There An Opportunity With Boliden AB (publ)'s (STO:BOL) 23% Undervaluation?

Here's Why I Think Boliden (STO:BOL) Might Deserve Your Attention Today

High number of new directors

Boliden Board Approves a Special Dividend

President of Boliden Mines recently bought kr277k worth of stock

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of kr10.50 per share

Now 22% undervalued

Boliden's (STO:BOL) Returns On Capital Are Heading Higher

Boliden's (STO:BOL) Upcoming Dividend Will Be Larger Than Last Year's

Boliden AB (publ) to Report Fiscal Year 2021 Results on Mar 09, 2022

Boliden AB (publ) Proposes Dividend

Boliden Resumes Nickel Production in Harjavalta

Nickel Production at Harjavalta Stopped Due to Slag Explosion

Boliden AB (Publ) Announces That Production in Tara Partially Resumed

Boliden (STO:BOL) Seems To Use Debt Quite Sensibly