FREYR Battery Management
Management criteria checks 0/4
FREYR Battery's CEO is Birger Steen, appointed in Aug 2023, has a tenure of less than a year. total yearly compensation is $2.24M, comprised of 12.4% salary and 87.6% bonuses, including company stock and options. directly owns 0.043% of the company’s shares, worth $106.81K. The average tenure of the management team and the board of directors is 1.1 years and 0.8 years respectively.
Key information
Birger Steen
Chief executive officer
US$2.2m
Total compensation
| CEO salary percentage | 12.4% |
| CEO tenure | less than a year |
| CEO ownership | 0.04% |
| Management average tenure | 1.1yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
Here's Why We're A Bit Worried About FREYR Battery's (NYSE:FREY) Cash Burn Situation
Mar 22
FREYR Battery: Why I Am Bearish
Mar 13FREYR Battery: Exiting Position After Multiple Red Flags (Rating Downgrade)
Dec 01FREYR Battery: Growth Story Unravels
Nov 13We're A Little Worried About FREYR Battery's (NYSE:FREY) Cash Burn Rate
Sep 24FREYR Battery: Is It Time To Buy The Energy Storage Ramp Story?
Jul 25Is FREYR Battery (NYSE:FREY) In A Good Position To Deliver On Growth Plans?
Jun 08FREYR Battery Q4 2022 Earnings Preview
Feb 24Is FREYR Battery (NYSE:FREY) In A Good Position To Deliver On Growth Plans?
Jan 31FREYR Battery: Encouraging Progress On The Path To Cell Production
Jan 18Freyr Battery stock rises on signing of first e-mobility offtake agreement
Jan 12FREYR Battery GAAP EPS of -$0.80 misses by $0.46
Nov 14FREYR Battery: We Need What This Company Does
Nov 08Freyr Battery enters into service agreement with ITOCHU
Oct 27FREYR: A Lean, Green, Battery Making Machine
Oct 06FREYR: Norwegian Lithium Battery Company Targets Manufacturing In U.S. And Europe
Sep 28FREYR Battery: Not A Long-Term Buy Despite Strong Momentum
Sep 22FREYR: Growing Ambitions For Rising, Undiscovered Global Battery Player
Sep 14NTE Process to provide equipment for Freyr Battery's Norway gigafactory
Sep 08Freyr, Nidec form largest JV for battery energy storage products
Aug 30FREYR Battery opens first U.S.-based technology center
Aug 22FREYR Battery GAAP EPS of $0.04 beats by $0.24
Aug 08FREYR Battery plans to expand planned Giga Arctic project and its construction
Jun 29FREYR Battery: Charging Up To Become A Leading Battery Manufacturer
May 12FREYR Battery: Breaking Ground
Mar 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$277k | -US$72m |
Compensation vs Market: Birger's total compensation ($USD2.24M) is above average for companies of similar size in the US market ($USD1.63M).
Compensation vs Earnings: Insufficient data to compare Birger's compensation with company performance.
CEO
Birger Steen (57 yo)
less than a year
Tenure
US$2,235,858
Compensation
Mr. Birger K. Steen serves as Industrial Advisor at Summa Equity AB. He is Director of FREYR Battery from August 9, 2023 and serves as its Chief Executive Officer from August 21, 2023. He serves as an Advi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | less than a year | US$2.15m | 1.14% $ 2.8m | |
| CEO & Director | less than a year | US$2.24m | 0.043% $ 106.8k | |
| Co-Founder & Director | no data | US$645.88k | 0.85% $ 2.1m | |
| Group Chief Financial Officer | 2.1yrs | US$2.35m | 0.043% $ 106.8k | |
| Chief Technology Officer | less than a year | US$923.73k | 0.00086% $ 2.1k | |
| Chief Legal Officer | 3.4yrs | US$388.72k | no data | |
| Executive Vice President of Corporate Development | 1.4yrs | US$1.92m | no data | |
| Chief Accounting Officer | less than a year | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Head of Global Commuication | less than a year | no data | no data | |
| Chief HR Officer | no data | no data | no data | |
| Executive Vice President of Project Execution | 4.6yrs | US$1.57m | no data |
1.1yrs
Average Tenure
52yo
Average Age
Experienced Management: FREY's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | less than a year | US$2.15m | 1.14% $ 2.8m | |
| CEO & Director | less than a year | US$2.24m | 0.043% $ 106.8k | |
| Co-Founder & Director | 4.9yrs | US$645.88k | 0.85% $ 2.1m | |
| Independent Director | 2.8yrs | US$317.82k | 0.34% $ 845.5k | |
| Director | less than a year | no data | no data | |
| Director | less than a year | US$12.07k | no data | |
| Independent Director | 1.3yrs | US$303.50k | no data | |
| Director | less than a year | no data | 5.43% $ 13.5m | |
| Director | less than a year | no data | 0.043% $ 107.5k |
0.8yrs
Average Tenure
52yo
Average Age
Experienced Board: FREY's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.