Borregaard ASA (0QB7.IL)

191.70 -1.30 (-0.67%) At close: 05:34PM BST

Borregaard ASA

Hjalmar Wessels vei 6
PO Box 162
Sarpsborg 1701
Norway
47 69 11 80 00
https://www.borregaard.com

Sector(s): Basic Materials
Industry: Specialty Chemicals
Full-time employees: 1,107

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Per Arthur Sørlie	Pres & CEO	7M	5.31M	1957
Mr. Per Bjarne Lyngstad	Chief Financial Officer	3.8M	1.91M	1961
Mr. Rolf Sveinung Heggen	Gen. Counsel	3.43M	N/A	1958
Mr. Dag Arthur Aasbø	Sr. VP of Organisation & Public Affairs	3.01M	1.64M	1961
Mr. Tom Erik Foss-Jacobsen	Exec. VP of BioSolutions	4.46M	1.72M	1969
Mr. Gisle Løhre Johansen	Exec. VP of Speciality Cellulose & Fine Chemicals	3.52M	1.22M	1959
Ms. Kristin Misund	Sr. VP of R&D and Bus. Devel.	3.19M	N/A	1965
Ms. Liv Longva	Sr. VP of Procurement & Strategic Sourcing	3.03M	1.39M	1969
Mr. Knut-Harald Bakke	Director of Investor Relations	N/A	N/A	N/A
Ms. Tuva Barnholt	Sr. VP of Strategic Sourcing	N/A	N/A	1962

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

Borregaard ASA develops, produces, and markets specialized biomaterials and biochemicals in Norway, rest of Europe, the United States, Asia, and internationally. It operates through three segments: BioSolutions, BioMaterials, and Fine Chemicals. The BioSolutions segment provides biopolymers for a range of applications, such as agrochemicals, batteries, industrial binders, and construction; and biovanillin for flavor and fragrance companies, as well as for food and beverage industry. The BioMaterials segment offers specialty cellulose for use as a raw material in the production of cellulose ethers, cellulose acetate, and other specialty products; and cellulose fibrils for industrial applications. The Fine Chemicals segment provides fine chemical intermediates for contrast agents; and bioethanol products. Borregaard ASA was incorporated in 2012 and is headquartered in Sarpsborg, Norway.

Corporate governance

Borregaard ASA’s ISS governance QualityScore as of 1 October 2023 is 2. The pillar scores are Audit: 5; Board: 4; Shareholder rights: 1; Compensation: 1.

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.