Thomas Wessel - Evonik Industries Chief HR Officer and Member of Executive Board

EVKIF Stock  USD 18.25  0.35  1.96%   

Executive

Mr. Thomas Wessel is a Member of the Executive Board and Chief Human Resources Officer at Evonik Industries AG since September 1, 2011. Responsible for Technology and Infrastructure at the Company. Since July 2015, he serves at Evonik Nutrition Care GmbH, Evonik Resource Efficiency GmbH, Evonik Performance Materials GmbH, and among others. Having qualified as an industrial clerk at Bergbau AG, he trained as a personnel officer and subsequently studied human resources management. He began his career in the human resources department at Bergbau AG, Lippe, and subsequently moved to the Personnel Policy Issues Department at RAG Aktiengesellschaft, which he headed from 1997. From 2001 until 2002 his roles also included heading the Human Resources Division and the Human Resources Policy Department at RAG Aktiengesellschaft. From 2002 until 2006 he headed the Human Resources Division at RAG Aktiengesellschaft. During this time he was also a member of the Board of Management of RAG Beteiligungs GmbH. In 2006 he was appointed Chairman of the Board of Management of RAG BILDUNG GmbH. In 2009 he joined Evonik Degussa AG as Chief Human Resources Officer and a member of the Board of Management. He also serves as Chairman of the Board of Industriepark Wolfgang GmbH, Infracor GmbH and Member of the Board of Gesellschaft zur Sicherung von Bergmannswohnungen mbH and THS GmbH, among others. since 2011.
Age 60
Tenure 13 years
Phone49 201 177 3315
Webhttps://corporate.evonik.com/en/
Wessel began his career in the human resources department at Bergbau AG, Lippe, and subsequently moved to the Personnel Policy Issues Department at RAG Aktiengesellschaft, which he headed from 1997. From 2001 until 2002 his roles also included heading the Human Resources Division and the Human Resources Policy Department at RAG Aktiengesellschaft. From 2002 until 2006 he headed the Human Resources Division at RAG Aktiengesellschaft. During this time Mr. Wessel was also a member of the Board of Management of RAG Beteiligungs GmbH. In 2006 he was appointed Chairman of the Board of Management of RAG BILDUNG GmbH. In 2009 he joined Evonik Degussa AG as Chief Human Resources Officer and a member of the Board of Management. He also serves as Chairman of the Board of Industriepark Wolfgang GmbH, Infracor GmbH and Member of the Board of Gesellschaft zur Sicherung von Bergmannswohnungen mbH and THS GmbH, among others.

Evonik Industries Management Efficiency

The company has return on total asset (ROA) of 0.0383 % which means that it generated a profit of $0.0383 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0895 %, meaning that it generated $0.0895 on every $100 dollars invested by stockholders. Evonik Industries' management efficiency ratios could be used to measure how well Evonik Industries manages its routine affairs as well as how well it operates its assets and liabilities.
Evonik Industries AG has accumulated 3 B in total debt with debt to equity ratio (D/E) of 0.43, which is about average as compared to similar companies. Evonik Industries has a current ratio of 1.45, which is within standard range for the sector. Debt can assist Evonik Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Evonik Industries' 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 Evonik Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Evonik to invest in growth at high rates of return. When we think about Evonik Industries' use of debt, we should always consider it together with cash and equity.

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Evonik Industries AG engages in the specialty chemicals business. The company was founded in 1873 and is headquartered in Essen, Germany. Evonik Industries operates under Specialty Chemicals classification in the United States and is traded on OTC Exchange. It employs 33235 people. Evonik Industries AG [EVKIF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

Evonik Industries Leadership Team

Elected by the shareholders, the Evonik Industries' board of directors comprises two types of representatives: Evonik Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Evonik. The board's role is to monitor Evonik Industries' management team and ensure that shareholders' interests are well served. Evonik Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Evonik Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
Ute Wolf, Member of the Executive Board, CFO
Tim Lange, Head of Investor Relations
Gerard Berote, Managing Taiwan
Christian Kullmann, Chief Strategic Officer and Member of Executive Board
Thomas Mahlstedt, Co MA
Wilfried Ostendorf, Head Technology
Matthias Creutz, Head Efficiency
Christian Schmid, Head Communications
Harald Schwager, Deputy Chairman of the Executive Board
Thomas Wessel, Chief HR Officer and Member of Executive Board

Evonik Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Evonik Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Evonik Pink Sheet

Evonik Industries financial ratios help investors to determine whether Evonik Pink Sheet 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 Evonik with respect to the benefits of owning Evonik Industries security.