Neil Simpkins - Gates Industrial Non-Executive Chairman of the Board

GTES Stock  USD 21.99  0.60  2.81%   

Chairman

Mr. Neil P. Simpkins is Independent Director of the company. He has served as a director of Gates Industrial Corporation plc since its formation in September 2017 and has served as a director of Gates entities since 2014. He is a Senior Managing Director of Blackstones Corporationrationrate Private Equity Group. Since joining Blackstone in 1998, Mr. Simpkins has led the acquisitions of TRW Automotive, Vanguard Health Systems, Team Health, LLC, Apria Healthcare Group, Summit Materials, Change Healthcare, Inc. and Gates. Before joining Blackstone, Mr. Simpkins was a Principal at Bain Capital. While at Bain Capital, Mr. Simpkins was involved in the execution of investments in the consumer products, industrial, healthcare and information industries. Prior to joining Bain Capital, Mr. Simpkins was a consultant at Bain Company in the Asia Pacific region and in London. He currently serves as a Director of Apria Healthcare Group, Change Healthcare, Inc. and Team Health, Inc. and served as a director of Summit Materials, Inc. from 2009 to 2018. since 2020.
Age 54
Tenure 4 years
Address 1144 Fifteenth Street, Denver, CO, United States, 80202
Phone303 744 1911
Webhttps://www.gates.com

Gates Industrial Management Efficiency

The company has return on total asset (ROA) of 0.0908 % which means that it generated a profit of $0.0908 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0634 %, meaning that it created $0.0634 on every $100 dollars invested by stockholders. Gates Industrial's management efficiency ratios could be used to measure how well Gates Industrial manages its routine affairs as well as how well it operates its assets and liabilities. Return On Equity is likely to gain to 0.07 in 2024, whereas Return On Tangible Assets are likely to drop 0.05 in 2024. At this time, Gates Industrial's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 5.6 B in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 1.7 M in 2024.
Gates Industrial currently holds 2.56 B in liabilities with Debt to Equity (D/E) ratio of 0.82, which is about average as compared to similar companies. Gates Industrial has a current ratio of 2.85, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Gates Industrial's use of debt, we should always consider it together with its cash and equity.

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Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado. Gates Industrial operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. It employs 15050 people. Gates Industrial (GTES) is traded on New York Stock Exchange in USA. It is located in 1144 Fifteenth Street, Denver, CO, United States, 80202 and employs 14,700 people. Gates Industrial is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification.

Management Performance

Gates Industrial Leadership Team

Elected by the shareholders, the Gates Industrial's board of directors comprises two types of representatives: Gates Industrial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gates. The board's role is to monitor Gates Industrial's management team and ensure that shareholders' interests are well served. Gates Industrial'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, Gates Industrial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brooks Mallard, Executive CFO
Gwendolyn Montgomery, Executive Officer
Neil Simpkins, Non-Executive Chairman of the Board
David Wisniewski, Chief Accounting Officer, Principal Accounting Officer
Brooks CFA, Executive CFO
Cristin Bracken, Senior Vice President Chief Legal Officer and Corporate Secretary
Richard CFA, Vice Relations
Julia Kahr, Non-Executive Independent Director
Diego Silva, Senior Officer
Chris Cooney, Senior Excellence
Ivo Jurek, Chief Executive Officer, Executive Director
Josef Parzhuber, EMEA President
Terry Klebe, Non-Executive Independent Director
Grant Gawronski, Executive Vice President Chief Commercial Officer
L Mallard, Chief Financial Officer, Executive Vice President
John Patouhas, Senior Officer
Gregory Kirchhoff, Senior Controller
Walter Lifsey, Chief Operating Officer, Executive Vice President
Bill Waelke, IR Contact Officer
Molly Zhang, Non-Executive Independent Director
James Ireland, Non-Executive Independent Director
Alicia Tillman, Non-Executive Independent Director
Stephanie Mains, Non-Executive Independent Director
Wilson Neely, Non-Executive Independent Director
Thomas Pitstick, Chief Marketing Officer and Senior Vice President of Strategic Planning
Roger Gaston, Executive Vice President of Human Resources
Francis Misenheimer, President Americas

Gates Stock Performance Indicators

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