BICO Group Management

Management criteria checks 2/4

BICO Group's CEO is Maria Forss, appointed in Nov 2023, has a tenure of less than a year. total yearly compensation is SEK7.43M, comprised of 6.5% salary and 93.5% bonuses, including company stock and options. directly owns 0.04% of the company’s shares, worth SEK1.33M. The average tenure of the management team and the board of directors is 1.3 years and 3.8 years respectively.

Key information

Maria Forss

Chief executive officer

kr7.4m

Total compensation

CEO salary percentage	6.5%
CEO tenure	less than a year
CEO ownership	0.04%
Management average tenure	1.3yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

Here's Why BICO Group (STO:BICO) Can Afford Some Debt

Jul 01

The Market Doesn't Like What It Sees From BICO Group AB (publ)'s (STO:BICO) Earnings Yet As Shares Tumble 26%

Jun 08

Bullish: This Analyst Just Lifted Their Cellink AB (publ) (STO:CLNK B) Outlook For Next Year

Jul 22

Does Cellink (STO:CLNK B) Have A Healthy Balance Sheet?

Jun 24

Does Cellink (STO:CLNK B) Have A Healthy Balance Sheet?

Mar 07

CEO Compensation Analysis

How has Maria Forss's remuneration changed compared to BICO Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr7m	kr484k	-kr2b

Compensation vs Market: Maria's total compensation ($USD683.71K) is about average for companies of similar size in the Swedish market ($USD576.02K).

Compensation vs Earnings: Insufficient data to compare Maria's compensation with company performance.

CEO

Maria Forss (51 yo)

less than a year

Tenure

kr7,425,520

Compensation

Ms. Maria Forss serves as President & CEO of BICO Group AB (publ) since November 20, 2023. She served as Senior Vice President of Consumables at Vitrolife AB (publ) since January 01, 2022 until August 2023...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Maria Forss	President & CEO	less than a year	kr7.43m	0.040% SEK 1.3m
Erik Gatenholm	Co-Founder & Director	no data	kr5.19m	13.63% SEK 445.2m
Jacob Thordenberg	Group Chief Financial Officer	1.3yrs	no data	0.026% SEK 852.2k
Marius Balger	Chief Operating Officer	1.2yrs	no data	no data
Asa Hillsten	Senior VP & Head of Investor Relations	no data	no data	no data
Lotta Bus	SVP, General Counsel	4.3yrs	no data	0.0099% SEK 324.1k
Artur Aira	Head of Corporate Development and M&A	1.2yrs	kr150.00k	0% SEK 0
Catharina Nordlund	Global Head of Human Resources	less than a year	no data	no data
Itedale Redwan	Chief Scientific Officer - Bioprinting	no data	no data	no data
Niclas Emanuelsson	Head of Global Operations	4.3yrs	no data	no data
Holger Eickhoff	Senior VP & Business Area Director - Bioautomation	2.3yrs	no data	no data
Erica Bell	Senior VP & Chief People Officer	no data	no data	no data

1.3yrs

Average Tenure

50.5yo

Average Age

Experienced Management: BICO's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Erik Gatenholm	Co-Founder & Director	8.3yrs	kr5.19m	13.63% SEK 445.2m
Rolf Classon	Independent Chairman of the Board	2.1yrs	kr650.00k	0.044% SEK 1.4m
Christian Wildmoser	Independent Director	4.4yrs	kr285.00k	0.45% SEK 14.7m
Robert Langer	Member of Scientific Advisory Board	3.5yrs	no data	no data
John Mackay	Independent Director	less than a year	kr250.00k	no data
Helena Skantorp	Independent Director	4.4yrs	kr350.00k	0.0057% SEK 185.3k
Ulrika Dellby	Independent Deputy Chairwoman	2.1yrs	kr510.00k	0.0085% SEK 277.7k
Bengt Sjoholm	Independent Director	8.3yrs	kr285.00k	0.49% SEK 15.9m
Susan Tousi	Independent Director	2.5yrs	kr250.00k	no data
Ali Khademhosseini	Member of Scientific Advisory Board	7.2yrs	no data	no data
Ido Amit	Member of Scientific Advisory Board	3.8yrs	no data	no data

3.8yrs

Average Tenure

63yo

Average Age

Experienced Board: BICO's board of directors are considered experienced (3.8 years average tenure).

BICO Group Management

Management criteria checks 2/4

Key information

Recent management updates

BICO Group AB (publ) Announces the Appointment of Anders Fogelberg as Chief Commercial Officer, Effective June 13, 2024

BICO Group AB (publ) Announces Gerry Mackay and Erik Gatenholm Decline Re-Election of the Board of Directors

BICO Group AB (publ) Appoints Catharina Nordlund as Global Head of HR

Group Chief Financial Officer recently bought kr860k worth of stock

BICO Group AB (publ) Announces Chief Executive Officer Changes

Independent Deputy Chairwoman recently bought kr59k worth of stock

Recent updates

BICO Group AB (publ) Announces the Appointment of Anders Fogelberg as Chief Commercial Officer, Effective June 13, 2024

BICO Group AB (publ) Announces Gerry Mackay and Erik Gatenholm Decline Re-Election of the Board of Directors

BICO Group AB (publ) to Report Fiscal Year 2024 Results on Feb 19, 2025

BICO Group AB (publ) to Report Q3, 2024 Results on Nov 13, 2024

Full year 2023 earnings released: kr24.05 loss per share (vs kr12.94 loss in FY 2022)

New major risk - Financial position

BICO Group AB (publ) Appoints Catharina Nordlund as Global Head of HR

Group Chief Financial Officer recently bought kr860k worth of stock

BICO Group AB (publ) to Report Fiscal Year 2023 Results on Mar 15, 2024

New minor risk - Share price stability

Price target decreased by 8.1% to kr130

Second quarter 2023 earnings released: kr12.73 loss per share (vs kr0.68 profit in 2Q 2022)

BICO Group AB (publ) Announces Chief Executive Officer Changes

Beos Light Industrial Germany 1 Fund, a fund managed by BEOS AG agreed to acquire property on Wagner-Régeny-Straße 15 from BICO Group AB (publ) (OM:BICO) for €21 million.

Here's Why BICO Group (STO:BICO) Can Afford Some Debt

The Market Doesn't Like What It Sees From BICO Group AB (publ)'s (STO:BICO) Earnings Yet As Shares Tumble 26%

Independent Deputy Chairwoman recently bought kr59k worth of stock

BICO Group AB (publ) Elects Gerry Mackay to Its Board of Directors

First quarter 2023 earnings released: kr1.67 loss per share (vs kr0.68 loss in 1Q 2022)

BICO Group AB (publ) to Report Fiscal Year 2023 Results on Feb 20, 2024

Price target decreased by 8.0% to kr133

Independent Director recently bought kr100k worth of stock

Now 38% undervalued after recent price drop

Independent Chairman of the Board recently sold kr8.4m worth of stock

BICO Group AB Appoints Marius Balger as Chief Operating Officer, Effective March 1, 2023

BICO Group AB Announces the Appointment of Jacob Thordenberg as Group CFO

Price target increased to kr144

Consensus EPS estimates increase by 14%

Why BICO Group AB (publ) (STO:BICO) Could Be Worth Watching

Price target decreased to kr124

BICO Group AB (publ) to Report Q1, 2023 Results on May 04, 2023

Consensus EPS estimates increase by 101%

Now 29% undervalued

Price target decreased to kr150

High number of new and inexperienced directors

Third quarter 2022 earnings released

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

BICO Group Announces Appointment of Nomination Committee 2023

Forecast breakeven date moved forward to 2022

Second quarter 2022 earnings released

Forecast breakeven date moved forward to 2022

Now 21% undervalued after recent price drop

Independent Director recently bought kr102k worth of stock

Calculating The Fair Value Of BICO Group AB (publ) (STO:BICO)

BICO Group AB (publ) to Report Fiscal Year 2023 Results on Feb 22, 2023

BICO Group Adds Åsa Hillsten as SVP and Head of IR

BICO Group AB (publ) (OM : BICO) acquired Allegro 3D for $11 million.

Is BICO Group AB (publ) (STO:BICO) Potentially Undervalued?

Now 22% undervalued after recent price drop

BICO (publ) Appoints Mikael Engblom as Interim CFO

Price target decreased to kr350

High number of new and inexperienced directors

BICO Group AB (Publ) Announces Board Appointments

Price target decreased to kr350

Co-Founder recently bought kr1.0m worth of stock

Full year 2021 earnings: EPS and revenues exceed analyst expectations

BICO Reaches Beneficial and Sustainable Solution with Organovo

Is BICO Group (STO:BICO) Using Too Much Debt?

DISPENDIX, A BICO Company, Announces That the I.DOT HT Non-contact Dispenser and the L.DROP Liquid Handler will be introduced at SLAS 2022

BICO Group AB Announces Statement Regarding Counterclaims in Patent Lawsuit by Organovo Against Cellink

Chief Financial Officer exercised options to buy kr23m worth of stock.

Co-Founder recently bought kr20m worth of stock

BICO Group AB (publ) (OM:BICO) agreed to acquire Biosero Llc.

Third quarter 2021 earnings released

Price target decreased to kr545

Health Check: How Prudently Does BICO Group (STO:BICO) Use Debt?

Insider recently sold kr11m worth of stock

BICO Group AB (publ) (OM:BICO) acquired all outstanding shares in Advanced BioMatrix, Inc. for $18 million.

CEO & Director recently sold kr169m worth of stock