This company has been acquired
PGS Management
Management criteria checks 4/4
PGS' CEO is Rune Pedersen, appointed in Sep 2017, has a tenure of 6.83 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 $614.84K. The average tenure of the management team and the board of directors is 5.5 years and 5.3 years respectively.
Key information
Rune Pedersen
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 37.3% |
| CEO tenure | 6.8yrs |
| CEO ownership | 0.08% |
| Management average tenure | 5.5yrs |
| Board average tenure | 5.3yrs |
Recent management updates
No updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$42m |
| Dec 31 2023 | US$2m | US$570k | -US$14m |
| Sep 30 2023 | n/a | n/a | -US$80m |
| Jun 30 2023 | n/a | n/a | -US$70m |
| Mar 31 2023 | n/a | n/a | -US$42m |
| Dec 31 2022 | US$1m | US$576k | -US$33m |
| Sep 30 2022 | n/a | n/a | -US$81m |
| Jun 30 2022 | n/a | n/a | -US$145m |
| Mar 31 2022 | n/a | n/a | -US$189m |
| Dec 31 2021 | US$805k | US$612k | -US$179m |
| Sep 30 2021 | n/a | n/a | -US$186m |
| Jun 30 2021 | n/a | n/a | -US$158m |
| Mar 31 2021 | n/a | n/a | -US$243m |
| Dec 31 2020 | US$742k | US$464k | -US$321m |
| Sep 30 2020 | n/a | n/a | -US$250m |
| Jun 30 2020 | n/a | n/a | -US$186m |
| Mar 31 2020 | n/a | n/a | -US$124m |
| Dec 31 2019 | US$937k | US$534k | -US$72m |
| Sep 30 2019 | n/a | n/a | -US$106m |
| Jun 30 2019 | n/a | n/a | -US$173m |
| Mar 31 2019 | n/a | n/a | -US$113m |
| Dec 31 2018 | US$828k | US$504k | -US$88m |
| Sep 30 2018 | n/a | n/a | -US$259m |
| Jun 30 2018 | n/a | n/a | -US$414m |
| Mar 31 2018 | n/a | n/a | -US$457m |
| Dec 31 2017 | US$571k | US$453k | -US$523m |
Compensation vs Market: Rune's total compensation ($USD1.53M) is below average for companies of similar size in the US market ($USD3.37M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 6.8yrs | US$1.53m | 0.076% $ 614.8k | |
| CFO & Executive VP | 20.5yrs | US$830.14k | 0.14% $ 1.1m | |
| Executive Vice President of Operations | 4.5yrs | US$690.68k | 0.0055% $ 44.6k | |
| Executive Vice President of Sales & Services | 5.5yrs | US$699.91k | 0.0016% $ 12.7k | |
| Bid Manager & Employee Elected Director | no data | US$12.62k | 0.00041% $ 3.3k | |
| Executive Vice President of New Energy | 5.5yrs | US$546.37k | 0.0083% $ 66.6k | |
| Special Projects Manager of Operations Division & Employee Elected Director | no data | US$12.62k | 0.011% $ 91.8k | |
| Chief Accounting Officer | no data | no data | no data | |
| Senior Vice President of Technology & Digitalization | 4.5yrs | no data | 0.00077% $ 6.2k | |
| Vice President of IR & Corporate Communication | no data | no data | 0.0027% $ 22.1k | |
| General Counsel | no data | no data | 0.021% $ 171.3k | |
| Senior VP of Corporate Development | no data | no data | 0.0082% $ 66.1k |
5.5yrs
Average Tenure
58yo
Average Age
Experienced Management: PGEJ.F's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Bid Manager & Employee Elected Director | 9.5yrs | US$12.62k | 0.00041% $ 3.3k | |
| Special Projects Manager of Operations Division & Employee Elected Director | 3.5yrs | US$12.62k | 0.011% $ 91.8k | |
| Independent Vice Chairperson | 11.5yrs | US$77.06k | 0.0076% $ 61.8k | |
| Independent Director | 7.2yrs | US$70.79k | 0.012% $ 98.2k | |
| Independent Director | 5.3yrs | US$72.20k | 0.012% $ 93.1k | |
| Independent Chairperson | 11.5yrs | US$110.44k | 0.014% $ 114.3k | |
| Independent Director | 2.3yrs | US$77.88k | no data | |
| Independent Director | 2.3yrs | US$67.88k | 0.0079% $ 63.5k | |
| Director | 1.3yrs | US$36.98k | no data | |
| Director | no data | US$8.52k | 0.00041% $ 3.3k |
5.3yrs
Average Tenure
66yo
Average Age
Experienced Board: PGEJ.F's board of directors are considered experienced (5.3 years average tenure).