Scatec Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Terje Pilskog

Chief executive officer

NOK 5.8m

Total compensation

CEO salary percentage	69.1%
CEO tenure	2yrs
CEO ownership	0.3%
Management average tenure	1.5yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Terje Pilskog's remuneration changed compared to Scatec's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	NOK 676m
Dec 31 2023	NOK 6m	NOK 4m	NOK 628m
Sep 30 2023	n/a	n/a	-NOK 175m
Jun 30 2023	n/a	n/a	NOK 35m
Mar 31 2023	n/a	n/a	-NOK 364m
Dec 31 2022	NOK 5m	NOK 3m	-NOK 1b
Sep 30 2022	n/a	n/a	-NOK 829m
Jun 30 2022	n/a	n/a	-NOK 953m
Mar 31 2022	n/a	n/a	-NOK 763m
Dec 31 2021	NOK 4m	NOK 3m	NOK 388m
Sep 30 2021	n/a	n/a	-NOK 316m
Jun 30 2021	n/a	n/a	-NOK 504m
Mar 31 2021	n/a	n/a	-NOK 695m
Dec 31 2020	NOK 3m	NOK 2m	-NOK 478m
Sep 30 2020	n/a	n/a	NOK 68m
Jun 30 2020	n/a	n/a	NOK 156m
Mar 31 2020	n/a	n/a	NOK 229m
Dec 31 2019	NOK 3m	NOK 2m	-NOK 39m
Sep 30 2019	n/a	n/a	NOK 19m
Jun 30 2019	n/a	n/a	NOK 2m
Mar 31 2019	n/a	n/a	NOK 125m
Dec 31 2018	NOK 3m	NOK 2m	NOK 140m
Sep 30 2018	n/a	n/a	NOK 59m
Jun 30 2018	n/a	n/a	NOK 428m
Mar 31 2018	n/a	n/a	NOK 317m
Dec 31 2017	NOK 2m	NOK 2m	NOK 339m

Compensation vs Market: Terje's total compensation ($USD545.56K) is below average for companies of similar size in the US market ($USD3.42M).

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

CEO

Terje Pilskog (52 yo)

2yrs

Tenure

NOK 5,773,000

Compensation

Mr. Terje Pilskog serves as Chief Executive Officer of Scatec ASA since May 01, 2022. He serves as a Member of the Council at Stiftelsen Det Norske Veritas. Mr. Pilskog served as an Executive Vice Presiden...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Terje Pilskog	Chief Executive Officer	2yrs	NOK 5.77m	0.34% $ 3.9m
Hans Hegge	Chief Financial Officer	1.2yrs	NOK 5.87m	0.0063% $ 72.6k
Pal Strom	Executive Vice President of Operations & Maintenance	1.5yrs	NOK 3.04m	0.0012% $ 13.4k
Siobhan Minnaar	Executive VP & General Counsel	1.3yrs	NOK 2.95m	no data
Roar Haugland	EVP of People	14.3yrs	NOK 3.39m	0.050% $ 578.2k
Pal Helsing	Executive Vice President of Solutions	8.4yrs	NOK 3.85m	0.0039% $ 45.0k
Ann-Mari Lillejord	Executive Vice President of Latin America & Europe	2yrs	NOK 3.16m	0.0064% $ 73.6k
Ingrid Aarsnes	Vice President of Communications & IR	no data	no data	no data
Meera Bhatia	Senior Vice President of Communications	no data	no data	no data
Yoichi Murakami	Senior Vice President of Business Development	no data	no data	no data
Eliseo Ana	Executive Vice President of Asia	1.5yrs	no data	no data
Mohamed Amer	Executive Vice President of Green Hydrogen & Egypt	less than a year	no data	0.00026% $ 3.0k

1.5yrs

Average Tenure

52yo

Average Age

Experienced Management: STEC.F's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Espen Gundersen	Independent Director	2.1yrs	NOK 462.00k	0.0063% $ 72.6k
Jorgen Kildahl	Independent Chairman of the Board	3.1yrs	NOK 462.00k	0.0019% $ 21.8k
Maria Tallaksen	Director	less than a year	no data	no data
Maria Hanssen	Independent Director	4.1yrs	NOK 426.00k	0.0069% $ 80.3k
Morten Henriksen	Director	1.1yrs	NOK 288.00k	0.0032% $ 36.4k
Pal Kildemo	Director	less than a year	no data	no data
Mette Krogsrud	Independent Director	2.1yrs	NOK 426.00k	0.0019% $ 21.8k

2.1yrs

Average Tenure

55yo

Average Age

Experienced Board: STEC.F's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Scatec Management

Management criteria checks 2/4

Key information

Recent management updates

Scatec ASA, Annual General Meeting, Apr 24, 2025

Scatec ASA Announces Mikkel Tørud Steps into New Role as EVP Green Hydrogen and Middle East and North Africa Region

Scatec ASA Announces Chief Financial Officer Changes, Effective March 1, 2023

Scatec ASA Announces CFO Mikkel Tørud Will Take on A New Executive Management Role in the New Organization

Scatec ASA Announces Executive Changes

Scatec ASA Announces CEO Changes, Effective May 1, 2022

Recent updates

Scatec ASA, Annual General Meeting, Apr 24, 2025

Scatec ASA to Report Q3, 2025 Results on Oct 30, 2025

STANLIB Infrastructure Private Equity Fund 1 a fund managed by STANLIB Asset Management (Pty) Limited completed the acquisition of an unknown minority stake in Kalkbult, Linde, and Dreunberg solar power plants in South Africa from Scatec ASA (OB:SCATC).

Scatec ASA Provides Proportionate Power Production Guidance for the Year 2024

Fortis Green Fund I Rwanda Holdings Ltd, a fund managed by Fortis Green Renewables Investment Management and Axian Energy Green Ltd completed the acquisition of 54% stake in 8.5 MW Agahozo-Shalom Youth Village Solar Power Plant in Rwanda from Scatec ASA (OB:SCATC).

TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire SN Power AS from Scatec ASA (OB:SCATC), Norfund and British International Investment plc.

TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire SN Power AS from Scatec ASA (OB:SCATC).

Scatec ASA (OB:SCATC) commences an Equity Buyback Plan for 2,801,451 shares, representing 1.76% of its issued share capital, under the authorization approved on April 18, 2024.

Scatec ASA Provides Production Guidance for the Year 2024

Scatec ASA Provides Power Production Guidance for the First Quarter 2024

Globeleq Generation Limited acquired 52.5% stake in 40 MW Mocuba solar power plant in Mozambique from Scatec ASA (OB:SCATC).

Scatec ASA to Report Q4, 2024 Results on Jan 31, 2025

Central Puerto S.A. (BASE:CEPU) completed the acquisition of 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR).

Central Puerto S.A. (BASE:CEPU) reached an agreement to acquire 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR).

Globeleq Generation Limited signed an agreement to acquire 40 MW Mocuba solar power plant in Mozambique from Scatec ASA (OB:SCATC) for $8.5 million.

Scatec Asa Proposes Dividend for 2022, Payable Prior to 15 May 2023

Scatec ASA Announces Mikkel Tørud Steps into New Role as EVP Green Hydrogen and Middle East and North Africa Region

Scatec ASA Announces Chief Financial Officer Changes, Effective March 1, 2023

Scatec ASA to Report First Half, 2023 Results on Aug 18, 2023

Scatec ASA Announces CFO Mikkel Tørud Will Take on A New Executive Management Role in the New Organization

Scatec ASA(OB:SCATC) dropped from Oslo OBX Total Return Index

Scatec ASA Provides Production Guidance for the Third Quarter and Full Year 2022

Scatec ASA Announces Executive Changes

Scatec ASA Proposes Dividend for 2021, Payable Prior to 15 May 2022

Scatec ASA Announces CEO Changes, Effective May 1, 2022

Scatec ASA Proposes Cash Dividend for 2021, Payable Prior to 15 May 2022

Scatec ASA Provides Production Guidance for the Third Quarter and Full Year 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age