Grieg Seafood Management

Management criteria checks 4/4

Grieg Seafood's CEO is Andreas Kvame, appointed in Jun 2015, has a tenure of 8.83 years. total yearly compensation is NOK4.46M, comprised of 89.8% salary and 10.2% bonuses, including company stock and options. directly owns 0.04% of the company’s shares, worth $287.06K. The average tenure of the management team and the board of directors is 5.3 years and 3.9 years respectively.

Key information

Andreas Kvame

Chief executive officer

kr4.5m

Total compensation

CEO salary percentage	89.8%
CEO tenure	8.8yrs
CEO ownership	0.04%
Management average tenure	5.3yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andreas Kvame's remuneration changed compared to Grieg Seafood's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr4m	kr4m	kr560m
Sep 30 2023	n/a	n/a	kr75m
Jun 30 2023	n/a	n/a	-kr353m
Mar 31 2023	n/a	n/a	kr889m
Dec 31 2022	kr12m	kr4m	kr1b
Sep 30 2022	n/a	n/a	kr1b
Jun 30 2022	n/a	n/a	kr2b
Mar 31 2022	n/a	n/a	kr1b
Dec 31 2021	kr4m	kr3m	kr604m
Sep 30 2021	n/a	n/a	kr345m
Jun 30 2021	n/a	n/a	kr143m
Mar 31 2021	n/a	n/a	kr36m
Dec 31 2020	n/a	n/a	-kr342m
Sep 30 2020	n/a	n/a	kr128m
Jun 30 2020	n/a	n/a	-kr91m
Mar 31 2020	n/a	n/a	kr53m
Dec 31 2019	kr7m	kr3m	kr574m
Sep 30 2019	n/a	n/a	kr473m
Jun 30 2019	n/a	n/a	kr967m
Mar 31 2019	n/a	n/a	kr998m
Dec 31 2018	kr6m	kr3m	kr973m
Sep 30 2018	n/a	n/a	kr820m
Jun 30 2018	n/a	n/a	kr782m
Mar 31 2018	n/a	n/a	kr860m
Dec 31 2017	kr7m	kr2m	kr571m

Compensation vs Market: Andreas's total compensation ($USD405.55K) is below average for companies of similar size in the US market ($USD3.43M).

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

CEO

Andreas Kvame (61 yo)

8.8yrs

Tenure

kr4,457,000

Compensation

Mr. Andreas Kvame has been Chief Executive Officer at Grieg Seafood ASA since June 1, 2015. Mr. Kvame served as Managing Director for Scanbio AS and knows the salmon farming industry very well after 17 yea...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andreas Kvame	Chief Executive Officer	8.8yrs	kr4.46m	0.040% NOK 287.1k
Atle Sandtorv	Chief Financial Officer	14.3yrs	kr3.02m	0.025% NOK 181.2k
Knut Utheim	Chief Technology Officer	3.9yrs	kr2.41m	0.022% NOK 160.8k
Kristina Furnes	Chief Communications Officer	5.3yrs	kr1.46m	0.0042% NOK 30.5k
Kathleen Mathisen	Chief Human Resources Officer	7.9yrs	kr1.99m	0.013% NOK 97.5k
Alexander Knudsen	Chief Operating Officer of Farming Norway	3.9yrs	kr2.60m	0.021% NOK 152.1k
Grant Cumming	Chief Operating Officer of Farming Canada	1.3yrs	kr2.60m	0.0088% NOK 63.8k
Nina Stangeland	Chief Strategy Officer	1.3yrs	kr568.00k	no data
Tor Homme	Chief Sustainability Officer	no data	no data	no data
Trond Kathenes	Chief Digital Officer	13.3yrs	no data	no data

5.3yrs

Average Tenure

52yo

Average Age

Experienced Management: GRGS.F's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Per Grieg	Chairman of the Board	14.9yrs	kr542.00k	0.013% NOK 97.1k
Katrine Trovik	Independent Director	3.9yrs	kr372.00k	no data
Ragnhild Fresvik	Director	1.8yrs	kr314.00k	no data
Tore Holand	Independent Vice Chairman	5.8yrs	kr422.00k	0.0018% NOK 12.9k
Marianne Ribe	Independent Director	3.9yrs	kr342.00k	no data
Nicolai Grieg	Director	2.4yrs	kr314.00k	no data

3.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: GRGS.F's board of directors are considered experienced (3.9 years average tenure).

Grieg Seafood Management

Management criteria checks 4/4

Key information

Recent management updates

Grieg Seafood ASA, Annual General Meeting, Jun 02, 2021

Recent updates

Grieg Seafood ASA Proposes Cash Dividend, Payable on June 27, 2024

Grieg Seafood ASA to Report Q3, 2024 Results on Nov 07, 2024

Grieg Seafood ASA Provides Production Guidance for the Third Quarter and Revises Production Guidance for the Full Year 2023

Grieg Seafood ASA Approves Dividend, Payable on 6 July 2023

Grieg Seafood Asa Provides Production Guidance for the Second Quarter and Full Year 2023

Grieg Seafood ASA Proposes Dividend, Payable on 6 July 2023

Grieg Seafood ASA Provides Production Guidance for the First Quarter and Full Year 2023

Grieg Seafood ASA to Report Q3, 2023 Results on Nov 14, 2023

Grieg Seafood ASA Provides Operating Guidance for the Fourth Quarter and Full Year of 2022 and for the Year 2023

Grieg Seafood ASA to Report Q4, 2022 Results on Feb 16, 2023

Grieg Seafood ASA Announces Industry Settlement in US Civil Anti-Trust Litigation

Grieg Seafood ASA Proposes Dividend, Payable on 17 June 2022

Grieg Seafood ASA Announces Dividend, Payable on June 17, 2022

Grieg Seafood ASA Announces Production Guidance for the First Quarter of 2022

Scottish Sea Farms Ltd. completed the acquisition of Grieg Seafood Hjaltland UK Limited from Grieg Seafood ASA (OB:GSF).

Scottish Sea Farms Ltd. entered into a share purchase agreement to acquire Grieg Seafood Hjaltland UK Limited from Grieg Seafood ASA (OB:GSF) for approximately £160 million.

Grieg Seafood ASA Provides Operating Guidance for the Second Quarter of 2021

Grieg Seafood ASA to Report Fiscal Year 2020 Results on Mar 26, 2021

Grieg Seafood ASA Enters Joint Venture for Post-Smolt and Land-Based Salmon Farming

Grieg Seafood ASA, Annual General Meeting, Jun 02, 2021

Grieg Seafood ASA to Report Q3, 2021 Results on Nov 03, 2021

Grieg Seafood Asa Announces Guidance for Third Quarter 2020

Grieg Seafood ASA Decides to Discontinue its Operations on the Isle of Skye in Scotland

Grieg Seafood ASA (OB:GSF) completed the acquisition of 99% stake in Grieg Newfoundland AS from Ocean Choice International Inc., Kvasshøgdi AS, Grieg Kapital AS and Knut Skeidsvoll.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age