Storebrand Management
Management criteria checks 3/4
Storebrand's CEO is Odd Grefstad, appointed in Jun 2012, has a tenure of 12.42 years. total yearly compensation is NOK10.57M, comprised of 82.5% salary and 17.5% bonuses, including company stock and options. directly owns 0.061% of the company’s shares, worth $3.00M. The average tenure of the management team and the board of directors is 2.5 years and 0.8 years respectively.
Key information
Odd Grefstad
Chief executive officer
NOK 10.6m
Total compensation
| CEO salary percentage | 82.5% |
| CEO tenure | 12.4yrs |
| CEO ownership | 0.06% |
| Management average tenure | 2.5yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | NOK 5b |
| Jun 30 2024 | n/a | n/a | NOK 5b |
| Mar 31 2024 | n/a | n/a | NOK 3b |
| Dec 31 2023 | NOK 11m | NOK 9m | NOK 3b |
| Sep 30 2023 | n/a | n/a | NOK 3b |
| Jun 30 2023 | n/a | n/a | NOK 3b |
| Mar 31 2023 | n/a | n/a | NOK 2b |
| Dec 31 2022 | NOK 10m | NOK 8m | NOK 2b |
| Sep 30 2022 | n/a | n/a | NOK 3b |
| Jun 30 2022 | n/a | n/a | NOK 3b |
| Mar 31 2022 | n/a | n/a | NOK 4b |
| Dec 31 2021 | NOK 9m | NOK 8m | NOK 3b |
| Sep 30 2021 | n/a | n/a | NOK 3b |
| Jun 30 2021 | n/a | n/a | NOK 3b |
| Mar 31 2021 | n/a | n/a | NOK 3b |
| Dec 31 2020 | NOK 9m | NOK 7m | NOK 2b |
| Sep 30 2020 | n/a | n/a | NOK 2b |
| Jun 30 2020 | n/a | n/a | NOK 2b |
| Mar 31 2020 | n/a | n/a | NOK 2b |
| Dec 31 2019 | NOK 8m | NOK 7m | NOK 2b |
| Sep 30 2019 | n/a | n/a | NOK 3b |
| Jun 30 2019 | n/a | n/a | NOK 3b |
| Mar 31 2019 | n/a | n/a | NOK 3b |
| Dec 31 2018 | NOK 8m | NOK 7m | NOK 4b |
| Sep 30 2018 | n/a | n/a | NOK 2b |
| Jun 30 2018 | n/a | n/a | NOK 2b |
| Mar 31 2018 | n/a | n/a | NOK 3b |
| Dec 31 2017 | NOK 8m | NOK 7m | NOK 2b |
Compensation vs Market: Odd's total compensation ($USD960.27K) is below average for companies of similar size in the US market ($USD7.88M).
Compensation vs Earnings: Odd's compensation has been consistent with company performance over the past year.
CEO
Odd Grefstad (59 yo)
12.4yrs
Tenure
NOK 10,565,000
Compensation
Mr. Odd Arild Grefstad has been Chief Executive Officer of Storebrand ASA since June 1, 2012 and also served as its Managing Director. Mr. Grefstad served as the Chairman of the Board of Directors at Skage...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive Officer | 12.4yrs | NOK 10.57m | 0.061% $ 3.0m | |
| Group CFO & Executive VP of Sustainability | 13.7yrs | NOK 8.00m | 0.040% $ 2.0m | |
| Executive Vice President of People | 5.3yrs | NOK 4.56m | 0.0098% $ 481.1k | |
| Executive Vice President of Storebrand Asset Management | 1.7yrs | NOK 9.08m | 0.033% $ 1.6m | |
| Executive Vice President of Digital | 2.8yrs | NOK 5.61m | 0.0095% $ 464.0k | |
| Executive Vice President of SPP | 2.3yrs | NOK 6.19m | 0.0024% $ 117.0k | |
| Executive Vice President of Corporate | 2.3yrs | NOK 5.48m | 0.0036% $ 175.7k | |
| Executive VP of Retail & Senior VP of Storebrand Bank ASA | 1.8yrs | NOK 3.51m | 0.0029% $ 143.4k | |
| Senior VP and Head of M&A | no data | no data | no data | |
| Strategy and IR Executive | no data | no data | no data |
2.5yrs
Average Tenure
51yo
Average Age
Experienced Management: SRED.Y's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Board of Representatives | no data | NOK 5.82m | no data | |
| Chairman of the Board of Representatives | no data | no data | no data | |
| Observer and Member of Board of Representatives | no data | no data | no data | |
| Independent Director | 3.6yrs | NOK 454.00k | 0.0025% $ 123.8k | |
| Independent Director | less than a year | no data | 0.0056% $ 272.1k | |
| Independent Director | less than a year | no data | no data | |
| Independent Chairman of the Board | 1.6yrs | NOK 380.00k | 0.0021% $ 101.3k | |
| Independent Vice Chairman of the Board | 10.2yrs | NOK 989.00k | 0.010% $ 506.6k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 4.4yrs | NOK 524.00k | 0.0023% $ 112.6k | |
| Employee Representative Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data |
0.8yrs
Average Tenure
58yo
Average Age
Experienced Board: SRED.Y's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.