Hexagon Composites ASA (0EOF.IL)

17.00 +0.18 (+1.07%) As of 09:50AM BST. Market open.

Hexagon Composites ASA

Korsegata 4B
Ålesund 6002
Norway
47 70 30 44 50
https://www.hexagongroup.com

Sector(s): Consumer Cyclical
Industry: Packaging & Containers
Full-time employees: 1,698

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jon Erik Engeset	Group Pres & CEO	5.64M	N/A	N/A
Mr. David Bandele	Chief Financial Officer	3.58M	N/A	1971
Mr. Hans Peter Havdal M.Sc.	Chief Operating Officer	311k	N/A	N/A
Ms. Karen Romer	Sr. VP of Communications	2.52M	N/A	1963
Mr. Skjalg Sylte Stavheim	Pres of Hexagon Ragasco	3.71M	N/A	N/A
Mr. Rick Rashilla	SVP of Sustainability	3.72M	N/A	N/A
Mr. Seung W. Baik	Pres of Hexagon Agility	5.71M	N/A	N/A
Mr. Morten Holum	CEO & Pres of Hexagon Purus	4.85M	N/A	N/A
Mr. George Siedlecki	SVP of Strategy & M&A	4.54M	N/A	N/A
Ms. Melissa Holler	Pres of Digital Wave	5.24M	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in NOK.

Description

Hexagon Composites ASA, together with its subsidiaries, engages in the production and sale of composite pressure cylinders and fuel systems in Norway, Europe, North America, South-East Asia, the Middle East, and internationally. The company operates through four segments: Hexagon Agility, Hexagon Ragasco, Hexagon Digital Wave, and Hexagon Purus. The Hexagon Agility segment provides clean fuel solutions for commercial vehicles, passenger vehicles, and gaseous energy transportation. The Hexagon Ragasco segment manufacturers composite liquefied petroleum gas (LPG) cylinders for leisure, household, and industrial applications. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology solutions that reduce down-time and inspection costs while improving inspection accuracy. Hexagon Purus segment provides high pressure cylinders, vehicle systems, and battery backs for fuel cell and battery electric vehicles that enable the safe and effective use of hydrogen and electricity as transportation fuel in various applications, including buses, distribution, refueling, rail, maritime, aerospace, and ground storage, as well as light, medium, and heavy-duty vehicles. Hexagon Composites ASA was incorporated in 1995 and is headquartered in Ålesund, Norway.

Corporate governance

Hexagon Composites ASA’s ISS governance QualityScore as of 1 October 2023 is 7. The pillar scores are Audit: 9; Board: 5; Shareholder rights: 1; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.