Hexagon Composites Management
Management criteria checks 2/4
Hexagon Composites' CEO is Jon Engeset, appointed in Jan 2013, has a tenure of 11.25 years. total yearly compensation is NOK9.34M, comprised of 35.7% salary and 64.3% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $624.66K. The average tenure of the management team and the board of directors is 3.1 years and 1.6 years respectively.
Key information
Jon Engeset
Chief executive officer
kr9.3m
Total compensation
| CEO salary percentage | 35.7% |
| CEO tenure | 11.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.1yrs |
| Board average tenure | 1.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -kr844m |
| Sep 30 2023 | n/a | n/a | -kr427m |
| Jun 30 2023 | n/a | n/a | -kr265m |
| Mar 31 2023 | n/a | n/a | -kr318m |
| Dec 31 2022 | kr9m | kr3m | kr120m |
| Sep 30 2022 | n/a | n/a | kr509k |
| Jun 30 2022 | n/a | n/a | -kr40m |
| Mar 31 2022 | n/a | n/a | -kr133m |
| Dec 31 2021 | kr9m | kr3m | -kr237m |
| Sep 30 2021 | n/a | n/a | -kr235m |
| Jun 30 2021 | n/a | n/a | -kr244m |
| Mar 31 2021 | n/a | n/a | -kr270m |
| Dec 31 2020 | kr8m | kr4m | -kr141m |
| Sep 30 2020 | n/a | n/a | -kr51m |
| Jun 30 2020 | n/a | n/a | kr51m |
| Mar 31 2020 | n/a | n/a | kr101m |
| Dec 31 2019 | kr7m | kr4m | kr107m |
| Sep 30 2019 | n/a | n/a | kr120m |
| Jun 30 2019 | n/a | n/a | kr97m |
| Mar 31 2019 | n/a | n/a | kr187m |
| Dec 31 2018 | kr6m | kr4m | kr141m |
| Sep 30 2018 | n/a | n/a | kr149m |
| Jun 30 2018 | n/a | n/a | kr133m |
| Mar 31 2018 | n/a | n/a | kr85m |
| Dec 31 2017 | kr7m | kr3m | kr69m |
Compensation vs Market: Jon's total compensation ($USD850.58K) is below average for companies of similar size in the US market ($USD2.37M).
Compensation vs Earnings: Jon's compensation has increased whilst the company is unprofitable.
CEO
Jon Engeset
11.3yrs
Tenure
kr9,343,000
Compensation
Mr. Jon Erik Engeset serves as Chief Executive Officer at Hexagon Composites ASA. He had been Group President at Hexagon Composites ASA until April 2024. Mr. Engeset served as Chief Executive Officer of Sa...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 11.3yrs | kr9.34m | 0.20% NOK 624.7k | |
| Chief Financial Officer | 10.3yrs | kr4.80m | 0.095% NOK 292.1k | |
| Group Chief Operating Officer | 1.1yrs | kr311.00k | 0.0019% NOK 5.9k | |
| Senior Vice President of Communications | 3.9yrs | kr3.48m | 0.0077% NOK 23.7k | |
| President of Hexagon Ragasco | no data | kr4.93m | no data | |
| Senior Vice President of Sustainability | 2.3yrs | kr5.00m | 0.024% NOK 73.5k | |
| CEO & President of Hexagon Purus | 4.1yrs | kr7.11m | no data | |
| Acting President Digital Wave | no data | kr5.76m | 0.056% NOK 172.3k | |
| Head of Group Accounting | no data | no data | no data | |
| Vice President of Investor Relations & ESG | no data | no data | no data | |
| Senior Vice President of Legal & Government Affairs | 1.1yrs | no data | 0.0049% NOK 14.9k | |
| Vice President of Corporate Development | 1.1yrs | no data | 0.0070% NOK 21.3k |
3.1yrs
Average Tenure
59yo
Average Age
Experienced Management: HXGC.F's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 24.3yrs | kr1.02m | 10.71% NOK 32.8m | |
| Independent Deputy Chair | 13.3yrs | kr465.00k | 0.0050% NOK 15.2k | |
| Independent Director | 1.6yrs | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 4yrs | kr352.00k | no data | |
| Director | no data | no data | no data | |
| Director | no data | no data | no data |
1.6yrs
Average Tenure
60.5yo
Average Age
Experienced Board: HXGC.F's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.