Lars Bacher - Equinor ASA Chief Financial Officer, Executive Vice President

EQNR Stock  NOK 266.00  5.20  1.92%   

President

Mr. Lars Christian Bacher was appointed Chief Financial Officer and Executive Vice President of Equinor ASA effective as of August 1, 2018. He no longer serves as Executive Vice President Development and Production International at the Company effective as of August 1, 2018. He has held the position since September 1, 2012. He joined the Company in 1991, and has held a number of management positions including platform manager at the Norne and Statfjord fields on the Norwegian continental shelf. He was also Senior Vice President for Gullfaks operations and later for the Tampen area. From September 2009 he was Senior Vice President for Statoils Canadian operations within Development Production International since 2018.
Age 55
Tenure 6 years
Phone(47) 51 99 00 50
Webwww.equinor.com
Bacher holds MS in Chemical Engineering from Norges TekniskNaturvitenskapelige Universitet NTH, and holds a Master’s degree in Finance from Norges Handelshoyskole, Bergen NHH .

Equinor ASA Management Efficiency

The company has return on total asset (ROA) of 0.3053 % which means that it generated a profit of $0.3053 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.618 %, meaning that it generated $0.618 on every $100 dollars invested by stockholders. Equinor ASA's management efficiency ratios could be used to measure how well Equinor ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Equinor ASA has accumulated 26.55 B in total debt with debt to equity ratio (D/E) of 0.96, which is about average as compared to similar companies. Equinor ASA has a current ratio of 1.68, which is within standard range for the sector. Debt can assist Equinor ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Equinor 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 Equinor ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Equinor to invest in growth at high rates of return. When we think about Equinor ASA's use of debt, we should always consider it together with cash and equity.
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy, as well as other businesses in Norway and internationally. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway. EQUINOR ASA operates under Oil Gas Integrated classification in Norway and is traded on Oslo Stock Exchange. It employs 21245 people. Equinor ASA (EQNR) is traded on Oslo Stock Exchange in Norway and employs 29 people.

Management Performance

Equinor ASA Leadership Team

Elected by the shareholders, the Equinor ASA's board of directors comprises two types of representatives: Equinor ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Equinor. The board's role is to monitor Equinor ASA's management team and ensure that shareholders' interests are well served. Equinor 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, Equinor ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Per Labraten, Director, Employee Representative
Ana Nordang, VP Renewables
Arne Nylund, Executive Vice President Development & Production Norway (DPN)
Anders Opedal, Executive Vice President Technology, Projects & Drilling (TPD)
Irene Rummelhoff, Executive Vice President Marketing, Midstream & Processing (MMP)
Alasdair Cook, Executive Vice President - Global Strategy and Business Development
Jon Reinhardsen, Independent Chairman of the Board
Hilde Mollerstad, Director, Employee Representative
Siv Torstensen, Ex Compliance
Torgrim Reitan, Executive Vice President Development & Production International (DPI)
Pal Eitrheim, Executive Vice President New Energy Solutions (NES)
Stig Laegreid, Director, Employee Representative
Jeroen Veer, Independent Deputy Chairman of the Board
Jannicke Nilsson, Chief Operating Officer, Executive Vice President
Bjorn Godal, Independent Director
Morten Haukaas, Chief Accountant
Timothy Dodson, Executive Vice President Exploration (EXP)
Finn Ruyter, Independent Director
Anne Drinkwater, Independent Director
Margareth Ovrum, Executive Vice President Development & Production Brazil (DPB)
Eldar Saetre, President, Chief Executive Officer
Wenche Agerup, Independent Director
Jonathan Lewis, Independent Director
Svein Skeie, Acting Chief Financial Officer, Executive Vice President
Rebekka Herlofsen, Independent Director
Lars Bacher, Chief Financial Officer, Executive Vice President
Tove Anderson, Director

Equinor Stock Performance Indicators

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Other Information on Investing in Equinor Stock

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