Orkla Management

Management criteria checks 2/4

Orkla's CEO is Nils Selte, appointed in Apr 2022, has a tenure of 2.58 years. total yearly compensation is NOK25.47M, comprised of 46.3% salary and 53.7% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth $2.14M. The average tenure of the management team and the board of directors is 2.6 years and 2.6 years respectively.

Key information

Nils Selte

Chief executive officer

NOK 25.5m

Total compensation

CEO salary percentage	46.3%
CEO tenure	2.6yrs
CEO ownership	0.02%
Management average tenure	2.6yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nils Selte's remuneration changed compared to Orkla's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 6b
Jun 30 2024	n/a	n/a	NOK 6b
Mar 31 2024	n/a	n/a	NOK 5b
Dec 31 2023	NOK 25m	NOK 12m	NOK 5b
Sep 30 2023	n/a	n/a	NOK 5b
Jun 30 2023	n/a	n/a	NOK 5b
Mar 31 2023	n/a	n/a	NOK 5b
Dec 31 2022	NOK 10m	NOK 8m	NOK 5b
Sep 30 2022	n/a	n/a	NOK 5b
Jun 30 2022	n/a	n/a	NOK 5b
Mar 31 2022	n/a	n/a	NOK 5b
Dec 31 2021	NOK 747k	n/a	NOK 5b
Sep 30 2021	n/a	n/a	NOK 5b
Jun 30 2021	n/a	n/a	NOK 5b
Mar 31 2021	n/a	n/a	NOK 5b
Dec 31 2020	NOK 718k	n/a	NOK 4b
Sep 30 2020	n/a	n/a	NOK 5b
Jun 30 2020	n/a	n/a	NOK 4b
Mar 31 2020	n/a	n/a	NOK 4b
Dec 31 2019	NOK 829k	n/a	NOK 4b
Sep 30 2019	n/a	n/a	NOK 3b
Jun 30 2019	n/a	n/a	NOK 3b
Mar 31 2019	n/a	n/a	NOK 3b
Jan 01 2019	n/a	n/a	NOK 3b
Sep 30 2018	n/a	n/a	NOK 4b
Jun 30 2018	n/a	n/a	NOK 3b
Mar 31 2018	n/a	n/a	NOK 3b
Dec 31 2017	NOK 647k	n/a	NOK 4b

Compensation vs Market: Nils's total compensation ($USD2.30M) is below average for companies of similar size in the US market ($USD7.74M).

Compensation vs Earnings: Nils's compensation has increased by more than 20% in the past year.

CEO

Nils Selte (59 yo)

2.6yrs

Tenure

NOK 25,472,000

Compensation

Mr. Nils Kloumann Selte has been President and Chief Executive Officer of Orkla ASA since 11 April 2022 and served as its Director. He is Director at Jotun A/S. He served as Chairman at Komplett ASA since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nils Selte	President & CEO	2.6yrs	NOK 25.47m	0.023% $ 2.1m
Camilla Robstad	Executive Vice President of Legal & Compliance	4.8yrs	NOK 6.19m	0.0012% $ 106.3k
Håkon Mageli	Executive Vice President of Communication & Corporate Affairs	no data	NOK 6.47m	0.011% $ 1.0m
Christer Gronberg	Executive VP of Human Resources & Head of Corporate Functions	9.9yrs	NOK 7.61m	0.0017% $ 158.5k
Atle Nagel-Johansen	Exec. VP of Orkla’s Branded Consumer Goods Business	12.8yrs	NOK 14.14m	0.0039% $ 360.1k
Hege Brekke	Executive VP of Investments	9.2yrs	NOK 8.07m	0.0015% $ 141.1k
Harald Ullevoldsæter	Executive Officer	less than a year	NOK 7.67m	0.00083% $ 76.1k
Maria Syse-Nybraaten	Executive VP of Investments	2.3yrs	NOK 7.02m	0.00074% $ 67.8k
Audun Stensvold	Executive Vice President of Investments	2yrs	NOK 6.63m	0.0025% $ 232.8k
Oyvind Torpp	Executive Vice President of Investments	1.9yrs	NOK 12.40m	0.0050% $ 458.2k
Arve Regland	Group Director of Finance & CFO	less than a year	no data	0.0065% $ 596.5k
Thomas Oybo	Head of Share Portfolio & Investment Director	18.3yrs	no data	no data

2.6yrs

Average Tenure

57yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Christina Fagerberg	Independent Director	2.6yrs	NOK 770.00k	0.0020% $ 183.3k
Roger Vangen	Employee Representative Director	8.6yrs	NOK 1.12m	0.0012% $ 108.1k
Liselott Kilaas	Independent Director	7.6yrs	NOK 797.00k	0.0019% $ 175.0k
Terje Utstrand	Employee Representative Director	12.8yrs	NOK 1.38m	0.0011% $ 102.6k
Stein Hagen	Chairman of the Board	20.8yrs	NOK 1.09m	no data
Bengt Rem	Director	less than a year	no data	no data
Rolv Erik Ryssdal	Independent Director	2.1yrs	NOK 630.00k	0.0016% $ 146.6k
Peter Agnefjall	Independent Director	6.6yrs	NOK 840.00k	0.0020% $ 183.3k
Caroline Marie Kjos	Member of the Board	1.8yrs	NOK 420.00k	no data
Ingrid Nielsen	Employee Representative Director	less than a year	no data	no data
Marte Sølvsberg	Business Advisor to President and CEO	no data	no data	no data
Xavier Belison	Chairman of Orkla Foods Europe	1.5yrs	no data	no data

2.6yrs

Average Tenure

60yo

Average Age

Experienced Board: ORKL.F's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

Orkla Management

Management criteria checks 2/4

Key information

Recent management updates

Orkla ASA, Annual General Meeting, Apr 24, 2025

Orkla ASA Approves Bengt Arve Rem as Board Member

Orkla ASA Announces CFO Changes

Orkla ASA Announces Board Appointments of Orkla Foods Europe

Orkla Announces Executive Changes at Orkla Consumer & Financial Investments Business Area

Orkla Asa Announces Board Changes

Recent updates

Orkla ASA, Annual General Meeting, Apr 24, 2025

Orkla ASA to Report Q1, 2025 Results on May 09, 2025

Solenis International LLC acquired Lilleborg AS from Orkla ASA (OB:ORK).

Orkla ASA Approves Bengt Arve Rem as Board Member

Orkla ASA Approves Extraordinary Dividend

Orkla ASA Proposes Dividend for the Year 2023, Payable on 3 May 2024

Orkla ASA Announces CFO Changes

Orkla ASA Proposes Dividend for 2023

Investment funds affiliated with Rhône Group L.L.C. agreed to acquire 40% stake in Orkla Food Ingredients AS from Orkla ASA (OB:ORK) for an enterprise value of NOK 15.5 billion.

Orkla ASA to Report Q3, 2024 Results on Oct 29, 2024

Orkla ASA Announces Board Appointments of Orkla Foods Europe

Orkla ASA to Report Fiscal Year 2022 Final Results on Mar 23, 2023

Orkla ASA to Report Q3, 2023 Results on Oct 26, 2023

Orkla ASA (OB:ORK) agreed to acquire 74% stake in Da Grasso Sp. z o.o. from Karolina Rozwandowicz and Magdalena Piróg.

Orkla Announces Executive Changes at Orkla Consumer & Financial Investments Business Area

Orkla Asa Announces Board Changes

Orkla Asa Names Nils K. Selte as CEO

Orkla ASA Announces Management Changes to Orkla Consumer & Financial Investments

Orkla ASA Provides Earnings Guidance for the Year 2021 and 2022

Orkla ASA (OB:ORK) completed the acquisition of a 75% stake in New York Pizza for an enterprise value of approximately €150 million.

Orkla ASA (OB:ORK) completed the acquisition of remaining 80% stake in Nói Síríus HF from Finnur Geirsson and several private investors.

Orkla ASA (OB:ORK) agreed to acquire remaining 80% stake in Nói Síríus HF.

Orkla ASA Proposes Cash Dividend for 2020, Payable on April 26, 2021

Orkla ASA (OB:ORK) entered into an agreement to acquire a 80% stake in Seagood Oy.

Orkla ASA Announces Executive Changes

Bielenda Kosmetyki Naturalne Sp Z O O Spolka Komandytowa completed the acquisition of Skin Care Business in Poland from Orkla ASA (OB:ORK).

Bielenda Kosmetyki Naturalne Sp Z O O Spolka Komandytowa agreed to acquire Skin Care Business in Poland from Orkla ASA (OB:ORK).

Three Foreign Buyers Continue Race for Fortenova Frozen Food Units

Orkla ASA to Report Fiscal Year 2020 Final Results on Mar 19, 2021

Orkla ASA to Report Q1, 2021 Results on Apr 29, 2021

Orkla ASA (OB:ORK) completed the acquisition of 20% stake in Nói Síríus HF.

Orkla ASA (OB:ORK) acquired Norgesplaster AS from family.

Orkla ASA Decides to Wind-Up Its Swedish Business

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age