PGS Management

Management criteria checks 4/4

PGS' CEO is Rune Pedersen, appointed in Sep 2017, has a tenure of 6.75 years. total yearly compensation is $1.53M, comprised of 37.3% salary and 62.7% bonuses, including company stock and options. directly owns 0.076% of the company’s shares, worth $580.73K. The average tenure of the management team and the board of directors is 5.4 years and 5.2 years respectively.

Key information

Rune Pedersen

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage37.3%
CEO tenure6.8yrs
CEO ownership0.08%
Management average tenure5.4yrs
Board average tenure5.2yrs

Recent management updates

No updates

Recent updates

CEO Compensation Analysis

How has Rune Pedersen's remuneration changed compared to PGS's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

US$42m

Dec 31 2023US$2mUS$570k

-US$14m

Sep 30 2023n/an/a

-US$80m

Jun 30 2023n/an/a

-US$70m

Mar 31 2023n/an/a

-US$42m

Dec 31 2022US$1mUS$576k

-US$33m

Sep 30 2022n/an/a

-US$81m

Jun 30 2022n/an/a

-US$145m

Mar 31 2022n/an/a

-US$189m

Dec 31 2021US$805kUS$612k

-US$179m

Sep 30 2021n/an/a

-US$186m

Jun 30 2021n/an/a

-US$158m

Mar 31 2021n/an/a

-US$243m

Dec 31 2020US$742kUS$464k

-US$321m

Sep 30 2020n/an/a

-US$250m

Jun 30 2020n/an/a

-US$186m

Mar 31 2020n/an/a

-US$124m

Dec 31 2019US$937kUS$534k

-US$72m

Sep 30 2019n/an/a

-US$106m

Jun 30 2019n/an/a

-US$173m

Mar 31 2019n/an/a

-US$113m

Dec 31 2018US$828kUS$504k

-US$88m

Sep 30 2018n/an/a

-US$259m

Jun 30 2018n/an/a

-US$414m

Mar 31 2018n/an/a

-US$457m

Dec 31 2017US$571kUS$453k

-US$523m

Compensation vs Market: Rune's total compensation ($USD1.53M) is below average for companies of similar size in the US market ($USD3.40M).

Compensation vs Earnings: Rune's compensation has been consistent with company performance over the past year.


CEO

Rune Pedersen (54 yo)

6.8yrs

Tenure

US$1,527,085

Compensation

Mr. Rune Olav Pedersen is Chairperson of Petroleum Geo-Services AS. Mr. Pedersen has been President and Chief Executive Officer of PGS ASA (formerly known as Petroleum Geo-Services ASA) since September 1,...


Leadership Team

NamePositionTenureCompensationOwnership
Rune Pedersen
President & CEO6.8yrsUS$1.53m0.076%
$ 580.7k
Gottfred Langseth
CFO & Executive VP20.4yrsUS$830.14k0.14%
$ 1.0m
Robert Adams
Executive Vice President of Operations4.4yrsUS$690.68k0.0055%
$ 42.1k
Nathan Oliver
Executive Vice President of Sales & Services5.4yrsUS$699.91k0.0016%
$ 12.0k
Anette Valbo
Bid Manager & Employee Elected Directorno dataUS$12.62k0.00041%
$ 3.1k
Berit Osnes
Executive Vice President of New Energy5.4yrsUS$546.37k0.0083%
$ 62.9k
Eivind Versteras
Special Projects Manager of Operations Division & Employee Elected Directorno dataUS$12.62k0.011%
$ 86.7k
David Dakin
Chief Accounting Officerno datano datano data
Erik Ewig
Senior Vice President of Technology & Digitalization4.4yrsno data0.00077%
$ 5.9k
Bard Stenberg
Vice President of IR & Corporate Communicationno datano data0.0027%
$ 20.8k
Lars van der Bijl Mysen
General Counselno datano data0.021%
$ 161.8k
Kai Reith
Senior VP of Corporate Developmentno datano data0.0082%
$ 62.4k

5.4yrs

Average Tenure

58yo

Average Age

Experienced Management: PGEJ.F's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anette Valbo
Bid Manager & Employee Elected Director9.4yrsUS$12.62k0.00041%
$ 3.1k
Eivind Versteras
Special Projects Manager of Operations Division & Employee Elected Director3.4yrsUS$12.62k0.011%
$ 86.7k
Anne Dalane
Independent Vice Chairperson11.4yrsUS$77.06k0.0076%
$ 58.4k
Richard Herbert
Independent Director7.1yrsUS$70.79k0.012%
$ 92.8k
Trond Brandsrud
Independent Director5.2yrsUS$72.20k0.012%
$ 88.0k
Walter Qvam
Independent Chairperson11.4yrsUS$110.44k0.014%
$ 108.0k
Ebrahim Attarzadeh
Independent Director2.3yrsUS$77.88kno data
Shona Grant
Independent Director2.3yrsUS$67.88k0.0079%
$ 60.0k
Emeliana Rice-Oxley
Director1.2yrsUS$36.98kno data
Carine Roalkvam
Directorno dataUS$8.52k0.00041%
$ 3.1k

5.2yrs

Average Tenure

66yo

Average Age

Experienced Board: PGEJ.F's board of directors are considered experienced (5.2 years average tenure).


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