Nel Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Hakon Volldal
Chief executive officer
NOK 6.8m
Total compensation
| CEO salary percentage | 73.42% |
| CEO tenure | 3.8yrs |
| CEO ownership | n/a |
| Management average tenure | 2.8yrs |
| Board average tenure | 5.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | NOK 7m | NOK 5m | -NOK 1b |
| Sep 30 2025 | n/a | n/a | -NOK 459m |
| Jun 30 2025 | n/a | n/a | -NOK 489m |
| Mar 31 2025 | n/a | n/a | -NOK 476m |
| Dec 31 2024 | NOK 7m | NOK 5m | -NOK 258m |
| Sep 30 2024 | n/a | n/a | -NOK 244m |
| Jun 30 2024 | n/a | n/a | -NOK 296m |
| Mar 31 2024 | n/a | n/a | -NOK 406m |
| Dec 31 2023 | NOK 5m | NOK 4m | -NOK 566m |
| Sep 30 2023 | n/a | n/a | -NOK 1b |
| Jun 30 2023 | n/a | n/a | -NOK 1b |
| Mar 31 2023 | n/a | n/a | -NOK 1b |
| Dec 31 2022 | NOK 5m | NOK 2m | -NOK 1b |
Compensation vs Market: Hakon's total compensation ($USD713.62K) is below average for companies of similar size in the US market ($USD2.39M).
Compensation vs Earnings: Hakon's compensation has increased whilst the company is unprofitable.
CEO
Hakon Volldal (49 yo)
Mr. Hakon Rypern Volldal serves as Chief Executive Officer of Nel ASA since July 1, 2022. He joined the Nel ASA in July 2022. He served as President of Q-Free ASA since August 1, 2016 and had been its Chie...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3.8yrs | NOK 6.79m | no data | |
| Chief Financial Officer | 6.1yrs | NOK 4.50m | 0.0011% $ 4.4k | |
| Chief Technical Officer | 2.8yrs | NOK 4.15m | no data | |
| Chief Legal Officer | 6.9yrs | NOK 3.50m | no data | |
| Chief Human Resources Officer | 2yrs | NOK 2.78m | no data | |
| Chief Commercial Officer | 2.3yrs | NOK 4.00m | no data | |
| Senior VP of PEM Operations | 1.3yrs | NOK 3.35m | no data | |
| Chief Project Officer | less than a year | NOK 2.76m | no data | |
| Vice President of Alkaline Operations | no data | NOK 2.05m | no data | |
| Head of IR | no data | no data | no data | |
| Managing Director of Hyon | no data | no data | no data | |
| Senior Vice President of Fueling Division | 5yrs | NOK 3.64m | no data |
Experienced Management: NLLS.Y's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of Board | 3yrs | NOK 697.00k | no data | |
| Independent Director | 5.9yrs | NOK 521.00k | 0.0025% $ 10.1k | |
| Independent Director | 5.9yrs | NOK 431.00k | no data | |
| Independent Director | 9.3yrs | NOK 556.00k | no data | |
| Independent Director | 3yrs | NOK 488.00k | no data | |
| Independent Director | 6.9yrs | NOK 536.00k | 0.00022% $ 892.5 | |
| Independent Director | less than a year | NOK 281.00k | no data |
Experienced Board: NLLS.Y's board of directors are considered experienced (5.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/12 13:28 |
| End of Day Share Price | 2026/04/09 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nel ASA is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Carmichael | Berenberg |
| Alexander Jones | BofA Global Research |
| Mikkel Nyholt-Smedseng | Carnegie Investment Bank AB |