Vitec Software Group Management
Management criteria checks 4/4
Vitec Software Group's CEO is Olle Backman, appointed in Apr 2021, has a tenure of 3.58 years. total yearly compensation is SEK5.04M, comprised of 89.5% salary and 10.5% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth SEK19.64M. The average tenure of the management team and the board of directors is 3.4 years and 12.5 years respectively.
Key information
Olle Backman
Chief executive officer
SEK 5.0m
Total compensation
| CEO salary percentage | 89.5% |
| CEO tenure | 3.6yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3.4yrs |
| Board average tenure | 12.5yrs |
Recent management updates
Recent updates
At kr405, Is It Time To Put Vitec Software Group AB (publ) (STO:VIT B) On Your Watch List?
Dec 02
With EPS Growth And More, Vitec Software Group (STO:VIT B) Makes An Interesting Case
Sep 28Vitec Software Group (STO:VIT B) Is Reinvesting At Lower Rates Of Return
Aug 17Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?
Aug 01There Are Reasons To Feel Uneasy About Vitec Software Group's (STO:VIT B) Returns On Capital
May 08CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | SEK 393m |
| Jun 30 2024 | n/a | n/a | SEK 370m |
| Mar 31 2024 | n/a | n/a | SEK 348m |
| Dec 31 2023 | SEK 5m | SEK 5m | SEK 339m |
| Sep 30 2023 | n/a | n/a | SEK 327m |
| Jun 30 2023 | n/a | n/a | SEK 304m |
| Mar 31 2023 | n/a | n/a | SEK 260m |
| Dec 31 2022 | SEK 5m | SEK 4m | SEK 245m |
| Sep 30 2022 | n/a | n/a | SEK 233m |
| Jun 30 2022 | n/a | n/a | SEK 221m |
| Mar 31 2022 | n/a | n/a | SEK 229m |
| Dec 31 2021 | SEK 4m | SEK 3m | SEK 207m |
Compensation vs Market: Olle's total compensation ($USD455.48K) is below average for companies of similar size in the Swedish market ($USD937.01K).
Compensation vs Earnings: Olle's compensation has been consistent with company performance over the past year.
CEO
Olle Backman (55 yo)
3.6yrs
Tenure
SEK 5,038,000
Compensation
Mr. Olle Backman is President at Vitec Software Group AB (publ). He has been Chief Executive Officer at Vitec Software Group AB since April 29, 2021 and also serves as its Director since 2021 and had been...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 3.6yrs | SEK 613.00k | 3.41% SEK 626.9m | |
| CEO, President & Director | 3.6yrs | SEK 5.04m | 0.11% SEK 19.6m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Operating Officer | 4.7yrs | no data | 0.040% SEK 7.3m | |
| CIO & CTO | no data | no data | 1.43% SEK 263.3m | |
| Investor Relations Officer | 7.8yrs | no data | no data | |
| Head of Human Resources | 3.4yrs | no data | 0.0080% SEK 1.5m | |
| Head of Group Reporting & Controlling | less than a year | no data | 0.017% SEK 3.1m | |
| Head of Brand | 3.4yrs | no data | 0.0030% SEK 552.3k | |
| Head of M&A | 3.4yrs | no data | 0.032% SEK 5.9m | |
| Chief Executive Officer of Software for Estate Agents - Sweden | no data | no data | no data | |
| Chief Executive Officer of Vitec Acute | 8.7yrs | no data | no data |
3.4yrs
Average Tenure
55yo
Average Age
Experienced Management: VIT B's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 3.6yrs | SEK 613.00k | 3.41% SEK 626.9m | |
| CEO, President & Director | 3.8yrs | SEK 5.04m | 0.11% SEK 19.6m | |
| Independent Director | 13.8yrs | SEK 217.00k | 0.019% SEK 3.5m | |
| Independent Director | 26.8yrs | SEK 217.00k | 0.26% SEK 48.6m | |
| Independent Director | 1.6yrs | SEK 147.00k | no data | |
| Independent Director | 14.8yrs | SEK 217.00k | 0.043% SEK 7.9m | |
| Independent Director | 12.5yrs | SEK 217.00k | no data |
12.5yrs
Average Tenure
66yo
Average Age
Experienced Board: VIT B's board of directors are seasoned and experienced ( 12.5 years average tenure).