Ottar Ertzeid - DnB ASA Group Executive Vice President DNB Markets

DNB Stock  NOK 228.50  1.90  0.82%   

President

Mr. Ottar Ertzeid was appointed as Chief Financial Officer of the Company effective 1 September 2019. He was Group Executive Vice President DNB Markets at DNB ASA since 2003. Prior to the Companys merger with Gjensidige NOR in 2003, he was Head and Deputy Head of DnB Markets. He also held various positions within the FXTreasury area in DnB. Apart from this, his prior professional experience includes the position of Chief Financial Officer of DnB Boligkreditt, and Head of Finance of Realkreditt. He is Board chairman in the Norwegian Banks Guarantee Fund, board vice chairman in Verdipapirforetakenes Sikringsfond, board member in Oslo Bors VPS Holding and Oslo Bors AS, among others. He joined DNB in 1989. He graduated from Handelshoyskolen BI. since 2019.
Age 54
Tenure 5 years
Phone47 91 50 48 00
Webhttps://www.dnb.no

DnB ASA Management Efficiency

DnB ASA's management efficiency ratios could be used to measure how well DnB ASA manages its routine affairs as well as how well it operates its assets and liabilities.
DnB ASA has accumulated 541.91 B in total debt. Debt can assist DnB ASA until it has trouble settling it off, either with new capital or with free cash flow. So, DnB 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 DnB ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for DnB to invest in growth at high rates of return. When we think about DnB ASA's use of debt, we should always consider it together with cash and equity.

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DNB Bank ASA provides financial services for retail and corporate customers in Norway. DNB Bank ASA was founded in 1822 and is headquartered in Oslo, Norway. DNB ASA operates under BanksRegional classification in Norway and is traded on Oslo Stock Exchange. It employs 8747 people. DnB ASA (DNB) is traded on Oslo Stock Exchange in Norway and employs 10,241 people.

Management Performance

DnB ASA Leadership Team

Elected by the shareholders, the DnB ASA's board of directors comprises two types of representatives: DnB ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DnB. The board's role is to monitor DnB ASA's management team and ensure that shareholders' interests are well served. DnB 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, DnB ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Harald SerckHanssen, Group Executive Vice President Large Corporates and International
Maria Loevold, Group Services
Mirella Grant, Group Officer
Ingjerd Spiten, Group Executive Vice President Personal Banking
Tore Rimmereid, Independent Vice Chairman of the Board
Ida Lerner, Group Executive Vice President Risk Management
Maria Lovold, Group Executive Vice President Technology & Services
Rasmus Figenschou, Acting Group Executive Vice President New Business
Kari BechMoen, Group Executive Vice President People
KarlChristian Agerup, Independent Director
Kjerstin Braathen, Group Executive Vice President Corporate Banking Norway
Thomas Midteide, Group Executive Vice President Corporate Communications
Anne Moen, Group People
Mirella Wassiluk, Group Executive Vice President Compliance
Alexander Opstad, Group Executive Vice President of DNB Markets
Hakon Hansen, Group Executive Vice President Wealth Management
Gro Bakstad, Independent Director
Jorunn Lovaas, Director, Employee Representative
Jaan Semlitsch, Independent Director
Ottar Ertzeid, Group Executive Vice President DNB Markets
Olaug Svarva, Independent Chairman of the Board
Morten Opstad, Group Markets
Carl Lovvik, Director, Employee Representative

DnB Stock Performance Indicators

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Other Information on Investing in DnB Stock

DnB ASA financial ratios help investors to determine whether DnB 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 DnB with respect to the benefits of owning DnB ASA security.