Norsk Hydro Management

Management criteria checks 2/4

Norsk Hydro's CEO is Eivind Kallevik, appointed in Feb 2013, has a tenure of 11.75 years. total yearly compensation is NOK9.78M, comprised of 47% salary and 53% bonuses, including company stock and options. directly owns 0.005% of the company’s shares, worth $631.91K. The average tenure of the management team and the board of directors is 4.8 years and 2.5 years respectively.

Key information

Eivind Kallevik

Chief executive officer

NOK 9.8m

Total compensation

CEO salary percentage	47.0%
CEO tenure	11.8yrs
CEO ownership	0.005%
Management average tenure	4.8yrs
Board average tenure	2.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Eivind Kallevik's remuneration changed compared to Norsk Hydro's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 1b
Jun 30 2024	n/a	n/a	NOK 191m
Mar 31 2024	n/a	n/a	NOK 3b
Dec 31 2023	NOK 10m	NOK 5m	NOK 4b
Sep 30 2023	n/a	n/a	NOK 6b
Jun 30 2023	n/a	n/a	NOK 14b
Mar 31 2023	n/a	n/a	NOK 20b
Dec 31 2022	NOK 8m	NOK 4m	NOK 24b
Sep 30 2022	n/a	n/a	NOK 31b
Jun 30 2022	n/a	n/a	NOK 25b
Mar 31 2022	n/a	n/a	NOK 16b
Dec 31 2021	NOK 8m	NOK 4m	NOK 12b
Sep 30 2021	n/a	n/a	NOK 12b
Jun 30 2021	n/a	n/a	NOK 11b
Mar 31 2021	n/a	n/a	NOK 7b
Dec 31 2020	NOK 6m	NOK 4m	NOK 4b
Sep 30 2020	n/a	n/a	-NOK 3b
Jun 30 2020	n/a	n/a	-NOK 5b
Mar 31 2020	n/a	n/a	-NOK 3b
Dec 31 2019	NOK 7m	NOK 4m	-NOK 2b
Sep 30 2019	n/a	n/a	-NOK 2b
Jun 30 2019	n/a	n/a	-NOK 19m
Mar 31 2019	n/a	n/a	NOK 2b
Dec 31 2018	NOK 7m	NOK 4m	NOK 4b
Sep 30 2018	n/a	n/a	NOK 8b
Jun 30 2018	n/a	n/a	NOK 10b
Mar 31 2018	n/a	n/a	NOK 9b
Dec 31 2017	NOK 7m	NOK 3m	NOK 9b

Compensation vs Market: Eivind's total compensation ($USD883.10K) is below average for companies of similar size in the US market ($USD12.66M).

Compensation vs Earnings: Eivind's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Eivind Kallevik (57 yo)

11.8yrs

Tenure

NOK 9,782,000

Compensation

Mr. Eivind Kallevik serves as Member of Corporate Management Board at Norsk Hydro ASA and serves as President and Chief Executive Officer since May 13, 2024. He served as Executive Vice President of Alumin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eivind Kallevik	CEO, President & Member of Corporate Management Board	11.8yrs	NOK 9.78m	0.0049% $ 631.9k
Trond Christophersen	Executive VP	2yrs	NOK 6.43m	0.00076% $ 97.4k
Arvid Moss	Member of Corporate Management Board	16.3yrs	NOK 7.70m	0.0098% $ 1.3m
Anne-Lene Midseim	Executive VP of Compliance	9.8yrs	NOK 6.98m	0.0026% $ 332.0k
John Thuestad	Executive VP of Bauxite & Alumina and Member of Corporate Management Board	6.4yrs	NOK 14.42m	0.0047% $ 602.4k
Hilde Nordh	Executive VP of People & HSE and Member of Corporate Management Board	5.8yrs	NOK 5.54m	0.0022% $ 284.5k
Paul Warton	Executive VP of Hydro Extruded Solutions & Member of Corporate Management Board	3.8yrs	NOK 16.17m	0.0018% $ 233.3k
Therese Holm	Executive VP for Communication & Public Affairs and Member of Corporate Management Board	3.5yrs	NOK 4.28m	0.00045% $ 57.7k
Hanne Simensen	Executive VP of Hydro Aluminium Metal & Member of Corporate Management Board	less than a year	NOK 5.56m	no data
Peik Norenberg	Head of Corporate Finance	no data	no data	no data
Martine Hagen	Head of Investor Relations	1.5yrs	no data	no data
Erik Fossum	Head of Precision Tubing Hydro Extrusions	no data	no data	no data

4.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: NHYK.F's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Peter Gerald Kukielski	Independent Director	5.5yrs	NOK 633.00k	0.00040% $ 51.3k
Espen Gundersen	Independent Director	less than a year	no data	0.00050% $ 64.1k
Rune Bjerke	Independent Chairman of the Board	4.4yrs	NOK 560.00k	0.0013% $ 171.8k
Marianne Wiinholt	Independent Director	8.5yrs	NOK 797.00k	no data
Jane Toogood	Independent Director	less than a year	no data	no data
Bjorn Moxnes	Employee Representative Director	2.5yrs	NOK 554.00k	0.000040% $ 5.1k
Arve Baade	Employee Representative Director	6.1yrs	NOK 503.00k	0.00033% $ 42.3k
Kristin Kragseth	Independent Deputy Chair	2.5yrs	NOK 503.00k	0.000060% $ 7.7k
Philip New	Independent Director	2.5yrs	NOK 711.00k	0.000040% $ 5.1k
Margunn Sundve	Employee Representative Director	2.5yrs	NOK 403.00k	0.000050% $ 6.4k
Torleif Sand	Employee Representative Director	2.5yrs	NOK 403.00k	0% $ 0

2.5yrs

Average Tenure

59yo

Average Age

Experienced Board: NHYK.F's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.

Norsk Hydro Management

Management criteria checks 2/4

Key information

Recent management updates

Norsk Hydro Asa Announces Board Appointments

Norsk Hydro ASA Announces CEO Changes

Norsk Hydro ASA Announces President Changes

Norsk Hydro ASA Announces Appointment of Trond Olaf Christophersen as CFO

Norsk Hydro ASA Announces CFO Changes

Norsk Hydro ASA Announces Resignation of Pål Kildemo as CFO

Recent updates

Norsk Hydro ASA to Report Q2, 2025 Results on Jul 22, 2025

Altor Fund V AB fund managed by Altor Equity Partners AB acquired an additional 10.1% stake in Vianode AS from Norsk Hydro ASA (OB:NHY).

Norsk Hydro ASA to Report Q3, 2025 Results on Oct 24, 2025

. Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.98% of its issued share capital, for NOK 109.8 million, under the authorization approved on May 7, 2024.

Norsk Hydro ASA (OB:NHY) exercised the option to acquire an additional 20% stake in Vianode AS from Altor Fund V AB managed by Altor Equity Partners AB.

Norsk Hydro ASA to Report Q1, 2025 Results on Apr 29, 2025

Macquarie Green Energy And Climate Opportunities Fund Scsp, managed by Macquarie Asset Management Inc. acquired 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY).

Norsk Hydro Asa Announces Board Appointments

VE Invest UAB agreed to acquire Fabrication Plant in Kaunas, Lithuania from Norsk Hydro ASA (OB:NHY).

Norsk Hydro ASA Announces CEO Changes

Norsk Hydro ASA Announces President Changes

Norsk Hydro ASA Announces Appointment of Trond Olaf Christophersen as CFO

Norsk Hydro ASA Announces CFO Changes

Norsk Hydro ASA Announces Resignation of Pål Kildemo as CFO

Norsk Hydro ASA Proposes Dividend for the Financial Year 2023, Payable on 21 May 2024

Macquarie Asset Management agreed to acquire a 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY) for approximately $330 million.

Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.91% of its issued share capital, for NOK 2,000 million, under the authorization approved on May 10, 2023.

Norsk Hydro ASA to Report Q3, 2024 Results on Oct 24, 2024

Norsk Hydro ASA Approves Dividend for the Financial Year 2022, Payable on 23 May 2023

Norsk Hydro ASA Proposes Dividend for the Financial Year 2022, Payable on 23 May 2023

Norsk Hydro ASA (OB:NHY) signed an agreement to acquire Hueck Industrie Holding KG for an enterprise value of €60.3 million.

Norsk Hydro ASA (OB:NHY) announces an Equity Buyback for NOK 2,000 million worth of its shares, under the authorization approved on September 20, 2022.

Norsk Hydro ASA Announces Executive Changes

Norsk Hydro ASA Approves Additional Dividend, Payable on September 30, 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).

Norsk Hydro ASA to Report First Half, 2023 Results on Jul 21, 2023

Norsk Hydro ASA Proposes Additional Cash Dividend on Basis of Financial Statements for the Financial Year 2021, Payable on 30 September 2022

Norsk Hydro ASA Announces Slovalco Will Stop Primary Aluminium Production

Norsk Hydro ASA Announces Resignation of Helena Nonka as Executive Vice President, Corporate Development

Norsk Hydro ASA Approves Dividend, Payable on May 20, 2022

Norsk Hydro ASA Announces Special Dividend, Payable on May 11, 2022

Norsk Hydro ASA Provides Update on Power Failure at Albras Causes Shutdown of 25% of Capacity

Power Failure at Albras Causes Shutdown of 25% of Capacity of Norsk Hydro

Norsk Hydro ASA to Discontinue the Corporate Assembly

AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4) completed the acquisition of Hydro Precision Tubing Lichtervelde from Norsk Hydro ASA (OB:NHY).

KPS Capital Partners, LP completed the acquisition of HARP GmbH and HARP AS from Norsk Hydro ASA.

Norsk Hydro ASA Announces Management Changes

Norsk Hydro ASA Proposes Dividend for the Fiscal Year 2020 to Be Paid in May 2021

KPS Capital Partners, LP entered into a definitive agreement to acquire HARP GmbH and HARP AS from Norsk Hydro ASA for €1.4 billion.

Norsk Hydro Appoints Helena Nonka EVP Corporate Development

Panasonic, Equinor and Hydro to Explore Potential for European Battery Business

Norsk Hydro Resumes Bauxite Pipeline Operation in Brazil

Norsk Hydro Announces Management Changes

Rupert Fertinger GmbH signed a term sheet to acquire Hydro Extruded Solutions operations in Remscheid, Germany from Norsk Hydro ASA (OB:NHY).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age