Fortnox Management
Management criteria checks 3/4
Fortnox's CEO is Tommy Eklund, appointed in Jan 2020, has a tenure of 4.25 years. total yearly compensation is SEK8.80M, comprised of 36.4% salary and 63.6% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth SEK22.95M. The average tenure of the management team and the board of directors is 3.3 years and 5.3 years respectively.
Key information
Tommy Eklund
Chief executive officer
kr8.8m
Total compensation
| CEO salary percentage | 36.4% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.06% |
| Management average tenure | 3.3yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
Fortnox AB (publ) (STO:FNOX) Shares Could Be 27% Above Their Intrinsic Value Estimate
Apr 09
Fortnox (STO:FNOX) Might Be Having Difficulty Using Its Capital Effectively
Mar 08Earnings Tell The Story For Fortnox AB (publ) (STO:FNOX) As Its Stock Soars 37%
Feb 19Fortnox AB (publ) Just Beat EPS By 10%: Here's What Analysts Think Will Happen Next
Feb 18With Fortnox AB (publ) (STO:FNOX) It Looks Like You'll Get What You Pay For
Jan 05When Should You Buy Fortnox AB (publ) (STO:FNOX)?
Dec 21Is Fortnox (STO:FNOX) A Risky Investment?
Nov 23Is Now The Time To Put Fortnox (STO:FNOX) On Your Watchlist?
Nov 09Calculating The Intrinsic Value Of Fortnox AB (publ) (STO:FNOX)
Oct 27Is There Now An Opportunity In Fortnox AB (publ) (STO:FNOX)?
Sep 17These 4 Measures Indicate That Fortnox (STO:FNOX) Is Using Debt Safely
Aug 20If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity
Aug 08At kr65.50, Is It Time To Put Fortnox AB (publ) (STO:FNOX) On Your Watch List?
Jun 09Fortnox (STO:FNOX) Has A Rock Solid Balance Sheet
May 12Do Fortnox's (STO:FNOX) Earnings Warrant Your Attention?
Apr 06Is Fortnox (STO:FNOX) Using Too Much Debt?
Jan 18Here's Why We Think Fortnox (STO:FNOX) Might Deserve Your Attention Today
Dec 16A Look At The Intrinsic Value Of Fortnox AB (publ) (STO:FNOX)
Dec 01What Does Fortnox AB (publ)'s (STO:FNOX) Share Price Indicate?
Oct 31Fortnox (STO:FNOX) Seems To Use Debt Rather Sparingly
Oct 16If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity
Sep 12Fortnox AB (publ) (STO:FNOX) Shares Could Be 26% Below Their Intrinsic Value Estimate
Aug 25Is Fortnox AB (publ) (STO:FNOX) Potentially Undervalued?
Jul 20Fortnox (STO:FNOX) Could Easily Take On More Debt
Jul 02Is There An Opportunity With Fortnox AB (publ)'s (STO:FNOX) 20% Undervaluation?
May 26Here's Why I Think Fortnox (STO:FNOX) Is An Interesting Stock
May 04At kr58.79, Is Fortnox AB (publ) (STO:FNOX) Worth Looking At Closely?
Apr 16Estimating The Fair Value Of Fortnox AB (publ) (NGM:FNOX)
Jan 13Here's Why I Think Fortnox (NGM:FNOX) Might Deserve Your Attention Today
Dec 21I Ran A Stock Scan For Earnings Growth And Fortnox (NGM:FNOX) Passed With Ease
Sep 16When Should You Buy Fortnox AB (NGM:FNOX)?
Jul 22Is Fortnox AB (NGM:FNOX) Worth kr390 Based On Its Intrinsic Value?
Jun 10Does Fortnox (NGM:FNOX) Deserve A Spot On Your Watchlist?
May 20Fortnox's (NGM:FNOX) Earnings Are Growing But Is There More To The Story?
Feb 18Should We Be Excited About The Trends Of Returns At Fortnox (NGM:FNOX)?
Jan 28
Is Fortnox AB's(NGM:FNOX) Recent Stock Performance Tethered To Its Strong Fundamentals?
Jan 08Here's Why I Think Fortnox (NGM:FNOX) Is An Interesting Stock
Dec 17What Kind Of Shareholders Hold The Majority In Fortnox AB's (NGM:FNOX) Shares?
Nov 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | kr570m |
| Sep 30 2023 | n/a | n/a | kr476m |
| Jun 30 2023 | n/a | n/a | kr439m |
| Mar 31 2023 | n/a | n/a | kr386m |
| Dec 31 2022 | kr9m | kr3m | kr347m |
| Sep 30 2022 | n/a | n/a | kr315m |
| Jun 30 2022 | n/a | n/a | kr282m |
| Mar 31 2022 | n/a | n/a | kr262m |
| Dec 31 2021 | kr7m | kr3m | kr241m |
| Sep 30 2021 | n/a | n/a | kr232m |
| Jun 30 2021 | n/a | n/a | kr216m |
| Mar 31 2021 | n/a | n/a | kr210m |
| Dec 31 2020 | kr6m | kr3m | kr205m |
Compensation vs Market: Tommy's total compensation ($USD803.15K) is about average for companies of similar size in the Swedish market ($USD1.05M).
Compensation vs Earnings: Tommy's compensation has increased by more than 20% in the past year.
CEO
Tommy Eklund (47 yo)
4.3yrs
Tenure
kr8,800,000
Compensation
Mr. Tommy Eklund is the Chief Executive Officer and President at Fortnox AB since January 2020.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy CEO & CFO | 3.3yrs | kr4.90m | 0.034% SEK 13.2m | |
| CEO & President | 4.3yrs | kr8.80m | 0.058% SEK 22.9m | |
| COO & Business Area Manager | 3.3yrs | no data | 0.0019% SEK 750.5k | |
| Customer Experience & Brand Manager | no data | no data | no data | |
| Business Area Manager | no data | no data | 0.0013% SEK 522.6k | |
| Business Area Manager Entrepreneurship | no data | no data | 0.00047% SEK 184.7k | |
| Business Area Manager Financial Services | no data | no data | 0.00030% SEK 117.9k | |
| Business Area Manager of Accounting Firms | no data | no data | 0.000060% SEK 23.6k |
3.3yrs
Average Tenure
47yo
Average Age
Experienced Management: FNOX's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.3yrs | kr300.00k | 0.0034% SEK 1.4m | |
| Chairman of the Board | 13.3yrs | kr800.00k | 18.82% SEK 7.4b | |
| Independent Director | 8.3yrs | kr300.00k | 0.00013% SEK 51.1k | |
| Independent Director | 5.3yrs | kr300.00k | 0.0036% SEK 1.4m | |
| Independent Director | 3.3yrs | kr400.00k | 0.00031% SEK 121.8k |
5.3yrs
Average Tenure
61yo
Average Age
Experienced Board: FNOX's board of directors are considered experienced (5.3 years average tenure).