Fortnox Management
Management criteria checks 3/4
Fortnox's CEO is Tommy Eklund, appointed in Jan 2020, has a tenure of 4.33 years. total yearly compensation is SEK11.10M, comprised of 30.6% salary and 69.4% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth $2.25M. The average tenure of the management team and the board of directors is 3.3 years and 5.3 years respectively.
Key information
Tommy Eklund
Chief executive officer
SEK 11.1m
Total compensation
| CEO salary percentage | 30.6% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.06% |
| Management average tenure | 3.3yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | SEK 613m |
| Dec 31 2023 | SEK 11m | SEK 3m | SEK 570m |
| Sep 30 2023 | n/a | n/a | SEK 476m |
| Jun 30 2023 | n/a | n/a | SEK 439m |
| Mar 31 2023 | n/a | n/a | SEK 386m |
| Dec 31 2022 | SEK 9m | SEK 3m | SEK 347m |
| Sep 30 2022 | n/a | n/a | SEK 315m |
| Jun 30 2022 | n/a | n/a | SEK 282m |
| Mar 31 2022 | n/a | n/a | SEK 262m |
| Dec 31 2021 | SEK 7m | SEK 3m | SEK 241m |
| Sep 30 2021 | n/a | n/a | SEK 232m |
| Jun 30 2021 | n/a | n/a | SEK 216m |
| Mar 31 2021 | n/a | n/a | SEK 210m |
| Dec 31 2020 | SEK 6m | SEK 3m | SEK 205m |
Compensation vs Market: Tommy's total compensation ($USD1.05M) is below average for companies of similar size in the US market ($USD6.70M).
Compensation vs Earnings: Tommy's compensation has increased by more than 20% in the past year.
CEO
Tommy Eklund (47 yo)
4.3yrs
Tenure
SEK 11,100,000
Compensation
Mr. Tommy Eklund is the Chief Executive Officer and President at Fortnox AB since January 2020.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 4.3yrs | SEK 11.10m | 0.058% $ 2.3m | |
| Deputy CEO & CFO | 3.3yrs | SEK 4.90m | 0.034% $ 1.3m | |
| COO & Business Area Manager | 3.3yrs | no data | 0.0020% $ 78.3k | |
| Customer Experience & Brand Manager | no data | no data | no data | |
| Business Area Manager | no data | no data | 0% $ 0 | |
| Business Area Manager Entrepreneurship | no data | no data | 0.00059% $ 22.8k | |
| Business Area Manager Financial Services | no data | no data | 0.00030% $ 11.6k | |
| Business Area Manager of Accounting Firms | no data | no data | 0.00019% $ 7.3k |
3.3yrs
Average Tenure
47yo
Average Age
Experienced Management: FNOX.F's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.3yrs | SEK 300.00k | 0.0051% $ 195.9k | |
| Chairman of the Board | 13.3yrs | SEK 800.00k | 18.82% $ 725.7m | |
| Independent Director | 8.3yrs | SEK 400.00k | 0.00013% $ 5.0k | |
| Independent Director | 5.3yrs | SEK 300.00k | 0.0036% $ 140.4k | |
| Independent Director | 3.3yrs | SEK 400.00k | 0.00031% $ 12.0k |
5.3yrs
Average Tenure
61yo
Average Age
Experienced Board: FNOX.F's board of directors are considered experienced (5.3 years average tenure).