He sold the Statoil-their shares to canadians in 2012, but was with the company further. It should prove to be a gilt-edged deal, writes On Tuesday.
Canadian Alimentation Couche-Tard put a lot of money in the managers ‘ long-term incentives. According to the newspaper, the company has a so-called “Phanton Stock Unit”-a program that runs for three years, and that reflects aksjeutviklingen in the period. Since Schram was hired in June 2012, had the exchange rate has risen from 15 to 48,70 dollars when it was measured last summer. The increase of 225 per cent, of 18 million kroner to the Norwegian toppsjefen.
Extraordinary payments
Couche-Tard has 53.000 employees and over 5.800 shops, which 4.220 sell gasoline.
It started with one store in Quebec in Canada in 1980.
In the course of the next five years grew the company to become a chain with 11 stores, all in the Quebec region.
In the course of the 90′s, bought Couche-Tard up several competing chains.
At the beginning of 2000 the company was the ninth-largest chain in North America, with 1.625 shops.
The years Couche-Tard bought themselves more into the bensinmarkedet, among other things, through buying stores from Shell and ExxonMobil.
In addition to the salary of four million, as well as an equal amount in the shares and options.
In the last year, he earned over 37,3 million, according to the skattelistene. The story was nok 13.8 million, and of this paid him 17 million in taxes.
According to Finansavisen has the stock price risen further to 67,70 dollars on the Toronto stock exchange after it was measured last summer, which means that Schram can expect nice gains in the years to come. In addition, he has had to buy new shares in the company, and thus become exposed for the growth.
Schram says, however, that the last year’s payments was quite extraordinary:
– I received a one-time payment in connection with the company’s reorganization from ytelsespensjon to a defined contribution plan. The same year, a three-year payout of our long-term incentivordning that reflects the adventurous development in Couche-Tard after that we were bought up in 2012. This comes in addition to salary and bonus based on the very good results for the group, ” he says to Mallorca.
Acquired in 2012
Has driven Statoil-station in three generations: – We should be “whole” and a little cowboy
It was in 2012 Statoil Fuel & Retail was acquired by canadian Couche-Tard for 15,9 billion and last year it became known that the service stations change the name to Circle K.
The Norwegian the Norwegian language council was quickly on the path and expressed little enthusiasm over it engelskklingende name.
Couche-Tard started in 1980 with a single branch, before the company over time has built up and acquired thousands of gas stations across several continents. Today there are 15.000 stations owned by Couche-Tard in countries such as Norway, Sweden, Denmark, Canada, USA, Poland and Latvia.
They bought up all Statoil service stations: Therefore, they bet the Uk
– It is incredibly important for a company to have owners that have passion for the company and understand how it works. We could not have had better owners, and we are pleased to be part of this family. They are good to listen and to include us in what they are planning, ” said Schram to E24 in the year.
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