Nils Selte - Orkla ASA Director

ORK Stock  NOK 99.40  0.85  0.86%   

Director

Mr. Nils K. Selte has served as Member of the Board of Directors of Orkla ASA since April 10, 2014. He is Chairman of the Audit Committee. He holds a MS in Business from the Norwegian School of Management . He was Chief Executive Officer of Canica AS since 2014. He previously also was CFO and later Chief Executive Officer of Canica. He also served as SVP FinanceGroup Treasurer of ICA Ahold AB, SVP FinanceGroup Treasurer of Hakon Gruppen AS and Finance Manager at Hakon Gruppen AS and LIVI Norge AS . He also served as consultant at the Office of the Auditor General of Norway from 1991 until 1994. He is Member of the Board of Komplett AS and Deputy Chair of the Board of Jernia AS and several other Canica companies. since 2014.
Age 58
Tenure 11 years
Phone47 22 54 40 00
Webhttps://www.orkla.no

Orkla ASA Management Efficiency

The company has return on total asset (ROA) of 0.0617 % which means that it generated a profit of $0.0617 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1344 %, meaning that it generated $0.1344 on every $100 dollars invested by stockholders. Orkla ASA's management efficiency ratios could be used to measure how well Orkla ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Orkla ASA has accumulated 10.73 B in total debt with debt to equity ratio (D/E) of 32.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Orkla ASA has a current ratio of 1.27, suggesting that it may not be capable to disburse its financial obligations in time and when they become due. Debt can assist Orkla ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Orkla 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 Orkla ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Orkla to invest in growth at high rates of return. When we think about Orkla ASA's use of debt, we should always consider it together with cash and equity.

Similar Executives

Showing other executives

DIRECTOR Age

John ThuestadYara International ASA
59
Jacob AqraouTelenor ASA
47
Adele PranYara International ASA
49
Hilde BakkenYara International ASA
53
KarlChristian AgerupDnB ASA
57
Jon ReinhardsenTelenor ASA
63
Esben SmistadTelenor ASA
34
Hakon FureYara International ASA
32
Sally DavisTelenor ASA
66
Gro BakstadDnB ASA
53
Geir SundboYara International ASA
56
Kimberly LeinMathisenYara International ASA
47
Carl LovvikDnB ASA
67
Rune BrattebergYara International ASA
63
Jan EriksenTelenor ASA
65
Jaan SemlitschDnB ASA
48
Grethe ViksaasTelenor ASA
61
Anita SteineTelenor ASA
53
Orkla ASA engages in the branded consumer goods, renewable energy, real estate, and financial investment businesses. It has operations in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally. ORKLA ASA operates under Household Consumables Manufacturers classification in Norway and is traded on Oslo Stock Exchange. It employs 18510 people. Orkla ASA (ORK) is traded on Oslo Stock Exchange in Norway and employs 21,423 people.

Management Performance

Orkla ASA Leadership Team

Elected by the shareholders, the Orkla ASA's board of directors comprises two types of representatives: Orkla ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orkla. The board's role is to monitor Orkla ASA's management team and ensure that shareholders' interests are well served. Orkla 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, Orkla ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christer Gronberg, Group Director, Human Resources and Member of the Group Executive Board
Nils Selte, Director
Hkon Mageli, Corp Director
Sverre Prytz, Exec Board
Kenneth Haavet, Ex Officer
Johan Clarin, Executive Vice President Operations
Harald Ullevoldster, CFO VP
Ingvill Berg, CEO VP
Hege Brekke, CEO EVP
Atle NagelJohansen, Member of the Group Executive Board, Executive Vice President CEO Orkla Foods

Orkla 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 Orkla 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.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Other Information on Investing in Orkla Stock

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