SBM Offshore N.V.

OTCPK:SBFF.Y Stock Report

Market Cap: US$3.3b

SBM Offshore Management

Management criteria checks 4/4

SBM Offshore's CEO is Oivind Tangen, appointed in Apr 2022, has a tenure of 2.58 years. total yearly compensation is $2.40M, comprised of 23.8% salary and 76.2% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth $4.32M. The average tenure of the management team and the board of directors is 2.6 years and 3.1 years respectively.

Key information

Oivind Tangen

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage23.8%
CEO tenure2.6yrs
CEO ownership0.1%
Management average tenure2.6yrs
Board average tenure3.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Oivind Tangen's remuneration changed compared to SBM Offshore's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

US$428m

Mar 31 2024n/an/a

US$460m

Dec 31 2023US$2mUS$572k

US$491m

Sep 30 2023n/an/a

US$412m

Jun 30 2023n/an/a

US$333m

Mar 31 2023n/an/a

US$392m

Dec 31 2022US$2mUS$597k

US$450m

Compensation vs Market: Oivind's total compensation ($USD2.40M) is below average for companies of similar size in the US market ($USD6.54M).

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

CEO

Oivind Tangen (51 yo)

2.6yrs

Tenure

US$2,401,192

Compensation

Mr. Oivind Tangen serves as Member of Management Board of SBM Offshore N.V. since April 6, 2022 and served as its Chief Operating Officer since April 6, 2022 until 2024 and serves as its CEO & Chairman of...

Leadership Team

NamePositionTenureCompensationOwnership
Oivind Tangen
CEO & Chair of the Management Board2.6yrsUS$2.40m0.13%
$ 4.3m
Douglas H. Wood
CFO & Member of Management Board8yrsUS$2.39m0.19%
$ 6.3m
Alexander Glenn
Chief Operating Officerless than a yearno datano data
Jaap-Harm Westhuis
Director of Technologyless than a yearno datano data
Bert-Jaap Dijkstra
Group Treasurer & Investor Relationsno datano datano data
Lilia Alexander
Group General Counsel & Chief Compliance Officer1.8yrsno datano data
Evelyn Tachau-Brown
Group Communications Director2yrsno datano data
Jean-Charles Rinaldi
Sales & Marketing Directorless than a yearno datano data
Anne Guerin-Moens
Group Human Resources Director8.6yrsno datano data
Stein Rasmussen
Group HSSEQ & Sustainability Director2.8yrsno datano data
Olivier Icyk
Chief Business Officer3.8yrsno datano data
Stephane Lagrange
Managing Director of Global Resources & Services3.8yrsno datano data

2.6yrs

Average Tenure

51yo

Average Age

Experienced Management: SBFF.Y's management team is considered experienced (2.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Roeland Baan
Independent Chairman of the Supervisory Board6.6yrsUS$143.52kno data
Ingelise Arntsen
Independent Member of the Supervisory Board3.6yrsUS$99.36kno data
Hilary Mercer
Member of Supervisory Board2.6yrsUS$136.90kno data
Allard Castelein
Member of Supervisory Board1.6yrsUS$66.24kno data
Bernard Bajolet
Independent Vice-Chair of Supervisory Board6.6yrsUS$104.88kno data
P.E. Jager
Member of Supervisory Boardless than a yearno datano data

3.1yrs

Average Tenure

63yo

Average Age

Experienced Board: SBFF.Y's board of directors are considered experienced (3.1 years average tenure).