Elkem Management

Management criteria checks 4/4

Elkem's CEO is Helge Aasen, appointed in Jun 2021, has a tenure of 3.42 years. total yearly compensation is NOK11.52M, comprised of 59.9% salary and 40.1% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth $112.79K. The average tenure of the management team and the board of directors is 13.8 years and 4.9 years respectively.

Key information

Helge Aasen

Chief executive officer

NOK 11.5m

Total compensation

CEO salary percentage	59.9%
CEO tenure	3.4yrs
CEO ownership	0.01%
Management average tenure	13.8yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Helge Aasen's remuneration changed compared to Elkem's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 46m
Jun 30 2024	n/a	n/a	-NOK 502m
Mar 31 2024	n/a	n/a	-NOK 1b
Dec 31 2023	NOK 12m	NOK 7m	NOK 72m
Sep 30 2023	n/a	n/a	NOK 1b
Jun 30 2023	n/a	n/a	NOK 5b
Mar 31 2023	n/a	n/a	NOK 8b
Dec 31 2022	NOK 17m	NOK 6m	NOK 10b
Sep 30 2022	n/a	n/a	NOK 11b
Jun 30 2022	n/a	n/a	NOK 9b
Mar 31 2022	n/a	n/a	NOK 7b
Dec 31 2021	NOK 9m	NOK 3m	NOK 5b
Sep 30 2021	n/a	n/a	NOK 3b
Jun 30 2021	n/a	n/a	NOK 1b
Mar 31 2021	n/a	n/a	NOK 672m
Dec 31 2020	NOK 244k	n/a	NOK 239m
Sep 30 2020	n/a	n/a	NOK 150m
Jun 30 2020	n/a	n/a	NOK 460m
Mar 31 2020	n/a	n/a	NOK 616m
Dec 31 2019	NOK 17m	NOK 5m	NOK 855m
Sep 30 2019	n/a	n/a	NOK 1b
Jun 30 2019	n/a	n/a	NOK 2b
Mar 31 2019	n/a	n/a	NOK 3b
Dec 31 2018	NOK 19m	NOK 5m	NOK 3b

Compensation vs Market: Helge's total compensation ($USD1.04M) is below average for companies of similar size in the US market ($USD3.15M).

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

CEO

Helge Aasen (61 yo)

3.4yrs

Tenure

NOK 11,517,000

Compensation

Mr. Helge Aasen serves as Chief Executive Officer at Elkem ASA since October 18, 2021 and served as its Director since December 1, 2019 until June 2021 and has been its Interim Chief Executive Officer sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Helge Aasen	Chief Executive Officer	3.4yrs	NOK 11.52m	0.011% $ 112.8k
Morten Viga	Chief Financial Officer	18.3yrs	NOK 5.58m	0.0074% $ 77.2k
Havard Moe	Senior Vice President of Technology	16.8yrs	NOK 4.17m	0.0016% $ 16.5k
Katja Lehland	Senior Vice President of Human Resources	13.8yrs	NOK 4.94m	no data
Asbjoern Soevik	Senior Vice President of Green Ventures & Digital	17.8yrs	NOK 5.12m	0.0016% $ 16.5k
Inge Grubben-Stroemnes	Senior Vice President of Silicon Products	16.3yrs	NOK 5.61m	0.0056% $ 58.0k
Louis Vovelle	Senior Vice President of Innovation and Research & Development	9.8yrs	NOK 4.00m	0.0011% $ 11.4k
Luiz Simao	Senior Vice President of Carbon Solutions Division	4.3yrs	NOK 4.89m	0.0035% $ 36.3k
Morten Voll	Senior Vice President of Strategy & Business Development	1.8yrs	NOK 4.00m	0.0016% $ 17.1k
Tom Preststulen	Managing Partner	no data	no data	no data
Odd-Geir Lyngstad	Vice President of Finance & Investor Relations	no data	no data	no data
Fredrik Norman	VP Corporate Communications and Public Affairs	no data	no data	no data

13.8yrs

Average Tenure

60.5yo

Average Age

Experienced Management: ELKE.F's management team is seasoned and experienced (13.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dag Opedal	Independent Vice Chair of the Board	6.7yrs	NOK 782.00k	0.0063% $ 66.0k
Olivier Louis Marie Gerard de Clermont-Tonnerre	Director	13.8yrs	NOK 521.00k	0.0024% $ 25.6k
Marianne Johnsen	Independent Director	5.6yrs	NOK 521.00k	no data
Terje Hanssen	Employee Representative Director	14.8yrs	NOK 420.00k	no data
Marianne Faeroyvik	Employee Representative Director	8.2yrs	NOK 420.00k	0.00078% $ 8.2k
Heidi Feldborg	Employee Representative Observer	5.4yrs	NOK 210.00k	no data
Grace Tang	Independent Director	3.6yrs	NOK 521.00k	no data
Per Aas	Employee Representative Observer	4.3yrs	NOK 16.00k	no data
Nathalie Brunelle	Independent Director	2.6yrs	NOK 420.00k	no data
Thomas Eggan	Employee Representative Director	2.8yrs	NOK 420.00k	no data
Jan Karlsen	Employee Representative Observer	2.3yrs	NOK 210.00k	no data
Bo Li	Chairman	1.8yrs	NOK 48.00k	no data

4.9yrs

Average Tenure

63yo

Average Age

Experienced Board: ELKE.F's board of directors are considered experienced (4.9 years average tenure).

Elkem Management

Management criteria checks 4/4

Key information

Recent management updates

Elkem ASA, Annual General Meeting, Apr 30, 2025

Elkem ASA Announces Board Changes

Elkem Appoints Sandy Chen as Acting Senior Vice President for Silicones Division

Elkem Announces Executive Changes, Effective 1 February 2023

Recent updates

Elkem ASA Secures EUR 1.8 Million European Union Grant to Explore CO2-Free Silicon Production

Elkem ASA Secures EUR 1.8 Million European Union Grant to Explore CO2-Free Silicon Production

Elkem to Launch A New Generation of Silicone Solutions for Additive Manufacturing/3D Printing At Formnext 2024 in Frankfurt

Elkem ASA, Annual General Meeting, Apr 30, 2025

Elkem ASA to Report Q3, 2025 Results on Oct 23, 2025

Elkem ASA Announces Board Changes

An unknown buyer acquired unknown minority stake in Vianode AS from Elkem ASA (OB:ELK).

Elkem Appoints Sandy Chen as Acting Senior Vice President for Silicones Division

Elkem ASA (OB:ELK) entered into Share Purchase Agreement to acquire REC Solar Norway AS from REC Solar Holdings AS for approximately NOK 230 million.

Elkem ASA (OB:ELK) entered into Share Purchase Agreement to acquire REC Solar Norway AS from REC Solar Holdings AS for approximately NOK 230 million.

Elkem Postpones Start-Up of Iceland Furnace

Elkem Launches UV Hg and UV LED Curable Silicone Solutions for Sustainable Release Coatings

Elkem ASA (OB:ELK) acquired VUM, a.s. from ZSNP, a.s.

Elkem ASA to Report Q3, 2024 Results on Oct 24, 2024

Elkem Asa Provides Earnings Guidance for the Year 2024

Elkem Announces Executive Changes, Effective 1 February 2023

Elkem Curtails Production in Norway Due to High Power Prices

Elkem to Present Silbione™ Biomedical Range At COMPAMED 2022

Norsk Hydro ASA (OB:NHY) and Altor Fund V AB completed the acquisition of Altor Equity Partners AB entered into an agreement to acquire 60% from Elkem ASA (OB:ELK).

Elkem ASA Announces Process Industry Strike in Norway Called Off and Affected Plants at Salten, Rana, Thamshavn and Fiskaa Will Resume Normal Production

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age