Hygo management trio in line for $66m value in IPO bonuses

Director Tor Olav Troim and the top two officers of IPO candidate Hygo Energy Transition are set to reap incentive bonuses valued at some $66m if the company is able to sell the $558m flotation to investors.

The reward represents a combined 66% share of a management incentive scheme (MIS) of $98.75m established for Hygo employees, and would be paid to Troim, chief executive officer Eduardo Antonello and chief financial officer and chief financial officer Eduardo Maranhao.