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SpareBank 1 Østlandet Management
Management criteria checks 4/4
SpareBank 1 Østlandet's CEO is Richard Heiberg, appointed in Jun 2010, has a tenure of 13.25 years. total yearly compensation is NOK5.03M, comprised of 94.7% salary and 5.3% bonuses, including company stock and options. directly owns 0.098% of the company’s shares, worth $1.38M. The average tenure of the management team and the board of directors is 6.8 years and 4.7 years respectively.
Key information
Richard Heiberg
Chief executive officer
NOK 5.0m
Total compensation
| CEO salary percentage | 94.7% |
| CEO tenure | 13.3yrs |
| CEO ownership | 0.1% |
| Management average tenure | 6.8yrs |
| Board average tenure | 4.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | NOK 2b |
| Mar 31 2023 | n/a | n/a | NOK 1b |
| Dec 31 2022 | NOK 5m | NOK 5m | NOK 1b |
| Sep 30 2022 | n/a | n/a | NOK 1b |
| Jun 30 2022 | n/a | n/a | NOK 1b |
| Mar 31 2022 | n/a | n/a | NOK 1b |
| Dec 31 2021 | NOK 5m | NOK 5m | NOK 1b |
| Sep 30 2021 | n/a | n/a | NOK 1b |
| Jun 30 2021 | n/a | n/a | NOK 1b |
| Mar 31 2021 | n/a | n/a | NOK 1b |
| Dec 31 2020 | NOK 5m | NOK 5m | NOK 1b |
| Sep 30 2020 | n/a | n/a | NOK 995m |
| Jun 30 2020 | n/a | n/a | NOK 974m |
| Mar 31 2020 | n/a | n/a | NOK 996m |
| Dec 31 2019 | NOK 5m | NOK 4m | NOK 1b |
| Sep 30 2019 | n/a | n/a | NOK 1b |
| Jun 30 2019 | n/a | n/a | NOK 1b |
| Mar 31 2019 | n/a | n/a | NOK 1b |
| Dec 31 2018 | NOK 5m | NOK 4m | NOK 965m |
| Sep 30 2018 | n/a | n/a | NOK 959m |
| Jun 30 2018 | n/a | n/a | NOK 970m |
| Mar 31 2018 | n/a | n/a | NOK 875m |
| Dec 31 2017 | NOK 7m | NOK 4m | NOK 850m |
| Sep 30 2017 | n/a | n/a | NOK 546m |
| Jun 30 2017 | n/a | n/a | NOK 714m |
| Mar 31 2017 | n/a | n/a | NOK 755m |
| Dec 31 2016 | NOK 6m | NOK 3m | NOK 737m |
Compensation vs Market: Richard's total compensation ($USD470.52K) is below average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
CEO
Richard Heiberg (67 yo)
13.3yrs
Tenure
NOK 5,026,000
Compensation
Mr. Richard H. Heiberg had been Deputy Chairman of the Board at SpareBank 1 Gruppen AS since April 4, 2018 until April 30, 2020 and serves as its Director. He has been the Chief Executive Officer of SpareB...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 13.3yrs | NOK 5.03m | 0.098% $ 1.4m | |
| Chief Financial Officer | 6.8yrs | NOK 3.28m | 0.038% $ 536.7k | |
| Chief Operations Officer | 4.3yrs | NOK 2.44m | 0.0018% $ 25.0k | |
| Executive Vice President HR & Legal | 2.4yrs | NOK 2.23m | 0.0033% $ 46.5k | |
| Executive Vice President Communication & Social Affair | no data | NOK 2.38m | 0.0034% $ 48.3k | |
| Executive Vice President of Corporate Market | no data | NOK 2.71m | 0.0030% $ 42.7k | |
| Executive Vice President of Innovation & Business Development | no data | NOK 2.70m | 0.0066% $ 92.2k | |
| Chief Risk Officer | no data | NOK 2.48m | 0.0074% $ 104.0k | |
| Head of Personal Banking & Executive VP of Retail Market | no data | NOK 2.76m | 0.0030% $ 42.7k | |
| Executive Vice President of Organisation & Capital Markets | no data | NOK 2.39m | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Managing Director of EiendomsMegler 1 Innlandet AS | 10.8yrs | NOK 1.78m | no data |
6.8yrs
Average Tenure
59.5yo
Average Age
Experienced Management: SPRB.F's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chair of the Board | 17.7yrs | NOK 509.00k | no data | |
| Deputy Chairman of the Board | 13.7yrs | NOK 385.00k | no data | |
| Director | 4.7yrs | NOK 350.00k | no data | |
| Member of the Board of Representatives | no data | NOK 24.00k | no data | |
| Chairman of the Supervisory Board | no data | NOK 6.00k | no data | |
| Director | 4.7yrs | NOK 328.00k | no data | |
| Deputy Chairman of supervisory board | 5.5yrs | no data | no data | |
| Director | 1.7yrs | NOK 192.00k | 0.0013% $ 18.8k | |
| Director | 2.7yrs | NOK 230.00k | no data | |
| Deputy Director | no data | no data | no data | |
| Director | 1.7yrs | NOK 188.00k | no data | |
| Director | 1.7yrs | NOK 201.00k | 0.00020% $ 2.8k |
4.7yrs
Average Tenure
55.5yo
Average Age
Experienced Board: SPRB.F's board of directors are considered experienced (4.7 years average tenure).