Asbjorn Sovik - Elkem ASA Senior Vice President Carbon

ELK Stock  NOK 18.25  0.03  0.16%   

President

Mr. Asbjorn Resell Sovik was Senior Vice President Carbon at ELKEM ASA since 2007. Mr. Sovik has worked in Elkem since 1995 and was previously head of business development in Elkem corporate. He has an extensive international management experience from plants and divisions in the United States, Brazil and Norway, through his 25 years of experience in the international materials and mining industry. He has a broad knowledge of most of Elkems different functions, such as Raw Materials, Energy, Operations and MS since 2007.
Age 60
Tenure 17 years
Professional MarksMBA
Phone(47) 22 45 01 55
Webwww.elkem.com
Sovik holds an MSc in Engineering from the Norwegian University of Science and Technology and an MBA from IESE in Spain.

Elkem ASA Management Efficiency

The company has return on total asset (ROA) of 0.1547 % which means that it generated a profit of $0.1547 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3964 %, meaning that it generated $0.3964 on every $100 dollars invested by stockholders. Elkem ASA's management efficiency ratios could be used to measure how well Elkem ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Elkem ASA has accumulated 10.33 B in total debt with debt to equity ratio (D/E) of 85.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Elkem ASA has a current ratio of 2.1, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Elkem ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Elkem 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 Elkem ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elkem to invest in growth at high rates of return. When we think about Elkem ASA's use of debt, we should always consider it together with cash and equity.
Elkem ASA manufactures and sells metals and materials in Norway and internationally. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. ELKEM ASA operates under Specialty Chemicals classification in Norway and is traded on Oslo Stock Exchange. It employs 6280 people. Elkem ASA (ELK) is traded on Oslo Stock Exchange in Norway and employs 7,300 people.

Management Performance

Elkem ASA Leadership Team

Elected by the shareholders, the Elkem ASA's board of directors comprises two types of representatives: Elkem ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elkem. The board's role is to monitor Elkem ASA's management team and ensure that shareholders' interests are well served. Elkem 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, Elkem ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Katja Lehland, Senior Vice President Human Resources
Tom Preststulen, Managing Partner
Morten Viga, Chief Officer
Luiz Simao, VP Division
Inge GrubbenStromnes, Senior Vice President Business Development
Asbjorn Sovik, Senior Vice President Carbon
Frederic Jacquin, Senior Vice President Silicones
Louis Vovelle, Senior Vice President Innovation and R&D
Havard Moe, Senior Vice President Technology
Helge Aasen, Chief Officer

Elkem Stock Performance Indicators

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Other Information on Investing in Elkem Stock

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