Billerud Management
Management criteria checks 2/4
Billerud's CEO is Ivar Vatne, appointed in Jul 2023, has a tenure of less than a year. total yearly compensation is SEK4.64M, comprised of 67.9% salary and 32.1% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth $155.98K. The average tenure of the management team and the board of directors is 0.8 years and 3.7 years respectively.
Key information
Ivar Vatne
Chief executive officer
kr4.6m
Total compensation
| CEO salary percentage | 67.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.007% |
| Management average tenure | less than a year |
| Board average tenure | 3.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | kr158m |
| Dec 31 2023 | kr5m | kr3m | kr484m |
Compensation vs Market: Ivar's total compensation ($USD422.86K) is below average for companies of similar size in the US market ($USD5.72M).
Compensation vs Earnings: Insufficient data to compare Ivar's compensation with company performance.
CEO
Ivar Vatne (45 yo)
less than a year
Tenure
kr4,636,000
Compensation
Mr. Ivar Vatne was Executive Vice President at Billerud AB (publ) (Billerud Aktiebolag (formerly known as BillerudKorsns AB (publ))) since May 2019 until August 2023 and served as its Deputy Chief Executiv...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | less than a year | kr4.64m | 0.0075% SEK 156.0k | |
| Chief Financial Officer | less than a year | no data | 0.0016% SEK 34.5k | |
| Head of Investor Relations & Director Investor Relations | no data | no data | no data | |
| Executive Vice President of Legal & Compliance | no data | no data | 0.0034% SEK 71.8k | |
| Executive Vice President of Human Resources & Communications | 7.3yrs | no data | 0.0052% SEK 108.5k | |
| Head of Press | no data | no data | no data | |
| President of Europe | less than a year | no data | 0.0016% SEK 33.1k | |
| President of the North America | 2.3yrs | no data | 0.0014% SEK 28.3k | |
| Executive Vice President of Sustainability & Public Affairs | less than a year | no data | 0.00057% SEK 11.9k | |
| Head of Media Relations | less than a year | no data | no data |
0.8yrs
Average Tenure
46yo
Average Age
Experienced Management: BLRD.Y's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2yrs | kr580.00k | 0.0048% SEK 101.1k | |
| Independent Director | 6yrs | kr780.00k | 0.0049% SEK 102.2k | |
| Independent Chairman of the Board | 4yrs | kr1.75m | 0.012% SEK 254.4k | |
| Director | 2yrs | kr680.00k | 0.00080% SEK 16.7k | |
| Independent Director | 7yrs | kr605.00k | 0.0016% SEK 34.1k | |
| Independent Director | less than a year | kr680.00k | no data | |
| Employee Representative Director | 7.3yrs | no data | no data | |
| Deputy Director | 7.3yrs | no data | no data | |
| Employee Representative Director | 3.3yrs | no data | no data | |
| Deputy Director | 2.3yrs | no data | 0.000050% SEK 1.0k |
3.7yrs
Average Tenure
59yo
Average Age
Experienced Board: BLRD.Y's board of directors are considered experienced (3.7 years average tenure).