Lord Myners - Nomad Foods Lead Independent Director

NOMD Stock  USD 17.59  0.49  2.87%   

Director

Mr. Lord Myners is Lead Independent Director of the company. Jardens Chief Executive Officer. He is chair of Court and Council of the London School of Economics and Political Sciences. He served as the Financial Services Secretary in his Majestys Treasury, the United Kingdoms finance ministry, from October 2008 to May 2010. Prior to his service at the Treasury, Lord Myners served as chairman or a member of the board of several organizations, including as chairman of Guardian Media Group from 2000 to 2008, director of GLG Partners Inc. from 2007 to 2008, Director of Land Securities Group plc from 2006 to 2008, chairman of Marks Spencer plc from 2004 to 2006, and chairman of Aspen Insurance Holdings Ltd from 2002 to 2007. Lord Myners served as chairman of PSPC from April 2013 until its business combination with MacDermid, Incorporated in October 2013. He also served as the chairman of JHL, a special purpose acquisition company, from February 2011 until its business combination with Burger King Worldwide, Inc. in June 2012. From 1986 to 2001, he served as a director of Gartmore Investment Management Limited. He has also served in an advisory capacity to the United Kingdom Treasury and the United Kingdom Department of Trade Industry, with particular focus on corporate governance practices. Other positions held by Lord Myners have included chairman of the Trustees of Tate, chairman of the Low Pay Commission, a member of the Court of the Bank of England, a member of the Investment Board of GIC, Singapores sovereign wealth fund. Lord Myners is currently serving as a nonexecutive director of OJSC Megafon, Ecofin Water Power Opportunities plc and RIT Capital Partners plc, the nonexecutive chairman of Autonomous Research LLP and as chairman and a partner of Cevian Capital LLP. Lord Myners is a graduate, with honors, from University of London and has a honorary doctorate from the University of Exeter. since 2015.
Age 71
Tenure 9 years
Professional MarksPh.D
Address No. 1 New Square, Feltham, United Kingdom, TW14 8HA
Phone44 20 8918 3200
Webhttps://www.nomadfoods.com

Nomad Foods Management Efficiency

The company has return on total asset (ROA) of 0.0392 % which means that it generated a profit of $0.0392 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0782 %, meaning that it created $0.0782 on every $100 dollars invested by stockholders. Nomad Foods' management efficiency ratios could be used to measure how well Nomad Foods manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.11. The current year's Return On Capital Employed is expected to grow to 0.08. At present, Nomad Foods' Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Return On Tangible Assets is expected to grow to 0.11, whereas Other Assets are forecasted to decline to (5.6 M).
Nomad Foods currently holds 2.15 B in liabilities with Debt to Equity (D/E) ratio of 0.92, which is about average as compared to similar companies. Nomad Foods has a current ratio of 1.05, suggesting that it may not be capable to disburse its financial obligations when due. Note, when we think about Nomad Foods' use of debt, we should always consider it together with its cash and equity.

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Nomad Foods Limited manufactures, markets, and distributes frozen food products in the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, Spain, and rest of Europe. Nomad Foods Limited is headquartered in Feltham, the United Kingdom. Nomad Foods operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 7318 people. Nomad Foods (NOMD) is traded on New York Stock Exchange in USA. It is located in No. 1 New Square, Feltham, United Kingdom, TW14 8HA and employs 6,993 people. Nomad Foods is listed under Packaged Foods & Meats category by Fama And French industry classification.

Management Performance

Nomad Foods Leadership Team

Elected by the shareholders, the Nomad Foods' board of directors comprises two types of representatives: Nomad Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nomad. The board's role is to monitor Nomad Foods' management team and ensure that shareholders' interests are well served. Nomad Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nomad Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.
Samy Zekhout, Chief Financial Officer, Director
Sir Franklin, CoFounder CoChairman
Steve Axe, Chief Officer
Victoria Parry, Director
Melanie Stack, Director
Eduardo Bachiega, Chief Officer
Antje Schubert, Nordics Adriatics
Lord Myners, Lead Independent Director
Ruben Baldew, Chief Officer
Anja Kruijsbergen, Company Secretary
Golnar Khosrowshahi, Director
Steven Libermann, Group President
James Lillie, Independent Director
Martin Franklin, Co-Founder and Co-Chairman
Ian Ashken, Director
Simon White, Director
Stuart MacFarlane, Director
Jeremy Isaacs, Director
Harriet Hounsell, Chief Officer
Wayne Hudson, Ireland, UK
Noam Gottesman, Co-Founder and Co-Chairman
Steve Challouma, Chief Officer
Jason English, Interim Relations
CPA CFA, Head Relations
Neil Fletcher, General Counsel
Stefan Descheemaeker, Chief Executive Officer, Director

Nomad 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 Nomad Foods 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.

Also Currently Popular

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When determining whether Nomad Foods is a strong investment it is important to analyze Nomad Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nomad Foods' future performance. For an informed investment choice regarding Nomad Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nomad Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade Nomad Stock refer to our How to Trade Nomad Stock guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nomad Foods. If investors know Nomad will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nomad Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.536
Earnings Share
1.31
Revenue Per Share
18.544
Quarterly Revenue Growth
0.011
Return On Assets
0.0392
The market value of Nomad Foods is measured differently than its book value, which is the value of Nomad that is recorded on the company's balance sheet. Investors also form their own opinion of Nomad Foods' value that differs from its market value or its book value, called intrinsic value, which is Nomad Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nomad Foods' market value can be influenced by many factors that don't directly affect Nomad Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nomad Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nomad Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nomad Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.