PGS Management
Management criteria checks 3/4
PGS' CEO is Rune Pedersen, appointed in Sep 2017, has a tenure of 6.58 years. total yearly compensation is $1.10M, comprised of 52.5% salary and 47.5% bonuses, including company stock and options. directly owns 0.076% of the company’s shares, worth $578.32K. The average tenure of the management team and the board of directors is 5.3 years and 5 years respectively.
Key information
Rune Pedersen
Chief executive officer
US$1.1m
Total compensation
| CEO salary percentage | 52.5% |
| CEO tenure | 6.6yrs |
| CEO ownership | 0.08% |
| Management average tenure | 5.3yrs |
| Board average tenure | 5yrs |
Recent management updates
No updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -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$523m |
Compensation vs Market: Rune's total compensation ($USD1.10M) is below average for companies of similar size in the US market ($USD3.42M).
Compensation vs Earnings: Rune's compensation has increased whilst the company is unprofitable.
CEO
Rune Pedersen (53 yo)
6.6yrs
Tenure
US$1,095,787
Compensation
Mr. Rune Olav Pedersen has been President and Chief Executive Officer of PGS ASA (formerly known as Petroleum Geo-Services ASA) since September 1, 2017. Mr. Pedersen served as an Executive Vice President a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 6.6yrs | US$1.10m | 0.076% $ 578.3k | |
| CFO & Executive VP | 20.3yrs | US$663.96k | 0.14% $ 1.0m | |
| Executive Vice President of Operations | 4.3yrs | US$554.06k | 0.0055% $ 41.9k | |
| Executive Vice President of Sales & Services | 5.3yrs | US$587.01k | 0.0016% $ 11.9k | |
| Bid Manager & Employee Elected Director | no data | US$12.57k | 0.00041% $ 3.1k | |
| Executive Vice President of New Energy | 5.3yrs | US$538.44k | 0.0083% $ 62.7k | |
| VP of Business Development for Europe & Employee Elected Director | no data | US$12.57k | 0.00020% $ 1.5k | |
| Special Projects Manager of Operations Division & Employee Elected Director | no data | US$12.57k | 0.011% $ 86.4k | |
| Chief Accounting Officer | no data | no data | no data | |
| Senior Vice President of Technology & Digitalization | 4.3yrs | no data | 0.00078% $ 5.9k | |
| Vice President of IR & Corporate Communication | no data | no data | 0.0027% $ 20.7k | |
| General Counsel | no data | no data | 0.021% $ 161.1k |
5.3yrs
Average Tenure
57yo
Average Age
Experienced Management: PGEJ.F's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Bid Manager & Employee Elected Director | 9.3yrs | US$12.57k | 0.00041% $ 3.1k | |
| VP of Business Development for Europe & Employee Elected Director | 3.3yrs | US$12.57k | 0.00020% $ 1.5k | |
| Special Projects Manager of Operations Division & Employee Elected Director | 3.3yrs | US$12.57k | 0.011% $ 86.4k | |
| Independent Vice Chairperson | 11.3yrs | US$73.86k | 0.0077% $ 58.2k | |
| Independent Director | 6.9yrs | US$75.00k | 0.012% $ 92.4k | |
| Independent Director | 5yrs | US$68.93k | 0.012% $ 87.6k | |
| Independent Chairperson | 11.3yrs | US$109.12k | 0.014% $ 107.5k | |
| Independent Director | 6yrs | US$73.93k | 0.0072% $ 54.6k | |
| Independent Director | 2.1yrs | US$39.75k | 0% $ 0 | |
| Independent Director | 2.1yrs | US$33.55k | 0.0079% $ 59.8k | |
| Director | less than a year | no data | no data | |
| Director | no data | no data | 0.00041% $ 3.1k |
5.0yrs
Average Tenure
65yo
Average Age
Experienced Board: PGEJ.F's board of directors are considered experienced (5 years average tenure).