Stewart Kasen - Atea ASA Lead Independent Director

MKL Stock  EUR 11.42  0.26  2.23%   

Director

Mr. Stewart Michael Kasen is Lead Independent Director of the Company. He is Retired President and Chief Executive Officer, SK Famous Brands, Inc., a clothing retailer headquartered in Richmond, Virginia, April 2002May 2007. Director, Gordmans Stores, Inc. and Retail Holdings NV. In February 2009, almost two years after Mr. Kasens retirement, SK Famous Brands, Inc. filed a petition for voluntary relief under Chapter 11 of the U.S. Bankruptcy Code. Director, Lenox Group, Inc., 20002010 . In November 2008, Lenox Group, Inc. filed a petition for voluntary relief under Chapter 11 of the U.S. Bankruptcy Code since 2011.
Age 79
Tenure 13 years
Phone47 22 09 50 00
Webhttps://www.atea.com
Kasen has over 40 years of experience in retailing, having served as chief executive officer of four retail companies before his retirement in 2007. He was a member of the Board since the Company initially went public and has participated in the oversight of the growth of the Company’s operations during that period. He has both long experience with the Company and an extensive management and retailing background to assist in overseeing the Company’s operations and strategy.

Atea ASA Management Efficiency

The company has return on total asset (ROA) of 0.0441 % which means that it generated a profit of $0.0441 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2336 %, meaning that it generated $0.2336 on every $100 dollars invested by stockholders. Atea ASA's management efficiency ratios could be used to measure how well Atea ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Atea ASA has accumulated 475 M in total debt with debt to equity ratio (D/E) of 0.57, which is about average as compared to similar companies. Atea ASA has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Atea ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Atea 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 Atea ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Atea to invest in growth at high rates of return. When we think about Atea ASA's use of debt, we should always consider it together with cash and equity.
Atea ASA provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions. Atea ASA was founded in 1968 and is headquartered in Oslo, Norway. ATEA ASA operates under Information Technology Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 7416 people. Atea ASA (MKL) is traded on Frankfurt Exchange in Germany and employs 8,073 people.

Management Performance

Atea ASA Leadership Team

Elected by the shareholders, the Atea ASA's board of directors comprises two types of representatives: Atea ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atea. The board's role is to monitor Atea ASA's management team and ensure that shareholders' interests are well served. Atea 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, Atea ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Darrell Martin, Independent Director
Arunas Bartusevicius, Managing UAB
Lemuel Lewis, Independent Director
Steinar Sonsteby, Chief Officer
Julia Chu, Chief Risk Officer
Linus Wallin, Managing Sweden
Anthony Markel, Vice Chairman of the Board
Bradley Kiscaden, President - Chief Administrative Officer, Insurance Operations
Richard Grinnan, Senior Vice President, Chief Legal Officer, Secretary
Thomas Gayner, Co-Chief Executive Officer, Director
Michael OReilly, Independent Director
Ole Saxrud, Managing Director
Richard Whitt, Co-Chief Executive Officer, Director
Robert Cox, President and Chief Operating Officer - Insurance Operations
K Connell, Independent Director
Trevor Gandy, Managing Director - Talent, Diversity and Inclusion
CarlJohan Hultenheim, Chief Officer
A Puckett, Director
Robert Giori, Chief Officer
Stewart Kasen, Lead Independent Director
Jeremy Noble, Chief Financial Officer, Senior Vice President
Kathrine Forsberg, Managing Denmark
Mark Besca, Director
Diane Leopold, Independent Director
Michael Heaton, President - Markel Ventures
Steven Markel, Vice Chairman of the Board
Linda Schreiner, Senior Vice President
Ole Fjellestad, Group Accountant
Ignas Bartkus, Group Controller
Harold Morrison, Independent Director
Juha Sihvonen, Managing OY
Kelly Castriotta, Senior Director - Global Cyber Underwriting

Atea Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Atea ASA 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 Atea Stock

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