Kristin Devold - Aker ASA Independent Director

AKER Stock  NOK 579.00  2.00  0.35%   

Director

Ms. Kristin Krohn Devold has served as Independent Director of Aker ASA since March 29, 2007. She was a Member of the Norwegian Parliament for the Conservative Party from 1993 to 2005. She was Minister of Defense from 2001 to 2005 since 2007.
Age 57
Tenure 17 years
Phone47 24 13 00 00
Webhttps://www.akerasa.com
Krohn Devold is currently the management director of the Norwegian Hospitality Association and director of several companies, including Aker ASA, Aker Kvaerner Holding AS, Evry, Chamber of Commerce of Sweden and Norway and World Heritage Foundation. She holds a MS degree in Business and Economics from Norges Handelshoyskole, Bergen NHH, and holds a Bachelor degree in Sociology from Universitet i Bergen. She has served as Member of the Audit Committee of the Company since April 17, 2015.

Aker ASA Management Efficiency

The company has return on total asset (ROA) of 0.0877 % which means that it generated a profit of $0.0877 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3497 %, meaning that it generated $0.3497 on every $100 dollars invested by stockholders. Aker ASA's management efficiency ratios could be used to measure how well Aker ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Aker ASA has accumulated 29.86 B in total debt with debt to equity ratio (D/E) of 1.35, which is about average as compared to similar companies. Aker ASA has a current ratio of 1.71, which is within standard range for the sector. Debt can assist Aker ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Aker ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Aker ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Aker to invest in growth at high rates of return. When we think about Aker ASA's use of debt, we should always consider it together with cash and equity.

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Aker ASA operates as an industrial investment company primarily in Norway, the European Union, North America, South America, Asia, and internationally. The company was founded in 1841 and is based in Lysaker, Norway. AKER ASA operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 1605 people. Aker ASA (AKER) is traded on Oslo Stock Exchange in Norway and employs 3,111 people.

Management Performance

Aker ASA Leadership Team

Elected by the shareholders, the Aker ASA's board of directors comprises two types of representatives: Aker ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aker. The board's role is to monitor Aker ASA's management team and ensure that shareholders' interests are well served. Aker ASA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aker ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Baard Snekkevik, Corporate Treasurer
Torstein Storkre, Head Fornebuporten
Joachim Bjorni, Head Relations
Finn Jacobsen, Independent Deputy Chairman of the Board
Arild Frick, General Counsel
Torbjorn Kjus, Chief Economist
Arnfinn Stenso, Director, Employees Representative
Tommy Angeltveit, Director, Employees Representative
Atle Tranoy, Director, Employees Representative
Alexander Krane, Investment Director – Responsible for the Follow-Up of Aker Asa’s Investments in Oil And Gas Exploration and Production
Kjell Rkke, Owner Chairman
Oeyvind Eriksen, Pres CEO
Martin Holte, Investment Director
Haakon Berg, Investment Director – Responsible for the Follow-Up of Aker Asa's Oil Service Investments
Kristian Rokke, Chief Investment Officer
Svein Stoknes, Chief Financial Officer
Oyvind Eriksen, CEO and Presidentident, Member of the Executive Team
Karen Simon, Independent Director
Kjell Rokke, Chairman of the Board
Charlotte Hakonsen, G Counsel
Kristin Devold, Independent Director
Atle Kigen, Head of Corporate Communications
Christina Glenn, Head Relations
Torbjrn Kjus, Chief Economist and Head of Investor Relations

Aker Stock Performance Indicators

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Other Information on Investing in Aker Stock

Aker ASA financial ratios help investors to determine whether Aker Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aker with respect to the benefits of owning Aker ASA security.