Sven Storesund - Reach Subsea Technical Manager
| REACH Stock | NOK 8.90 0.36 3.89% |
Executive
Mr. Sven Magne Storesund serves as Asset Manager at Reach Subsea ASA. He has previously been Technical Manager at the Company. He is educated as an electronics engineer. He has worked as Technical Inspector in DeepOcean since 2000. Prior to this, he worked for eight years in Stolt Comex Seaway AS with planning and mobilization of survey and ROV equipment. From 1991 to 1993, Mr. Storesund worked as Seismic Observer in Geco Prakla AS. In addition, he has 10 years of experience within electronics, telecom and Information Technology.
| Age | 57 |
| Phone | 47 40 00 77 10 |
| Web | https://www.reachsubsea.no |
Reach Subsea Management Efficiency
The company has return on total asset (ROA) of 0.0673 % which means that it generated a profit of $0.0673 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2004 %, meaning that it generated $0.2004 on every $100 dollars invested by stockholders. Reach Subsea's management efficiency ratios could be used to measure how well Reach Subsea manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
| Found 7 records | EXECUTIVE Age | ||
| Rune Bjorbekk | BW Offshore | 53 | |
| Stale Andreassen | BW Offshore | 48 | |
| Pia Schnitler | BW Offshore | 52 | |
| Kei Ikeda | BW Offshore | 52 | |
| Hans Langsrud | BW Offshore | 54 | |
| Magda Vakil | BW Offshore | 55 | |
| Marco Beenen | BW Offshore | 53 | |
Management Performance
| Return On Equity | 0.2 | |||
| Return On Asset | 0.0673 |
Reach Subsea Leadership Team
Elected by the shareholders, the Reach Subsea's board of directors comprises two types of representatives: Reach Subsea inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reach. The board's role is to monitor Reach Subsea's management team and ensure that shareholders' interests are well served. Reach Subsea'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, Reach Subsea's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Inge Grutle, Engineering Manager | ||
| Bard Hogheim, Sales and Marketing Manager | ||
| Jostein Alendal, CEO MD | ||
| Solveig Byrkjeland, VP Sec | ||
| Sven Storesund, Technical Manager | ||
| Birgitte Johansen, CFO Mang | ||
| yvind Johannessen, Head Side | ||
| Rune Lande, Secretary of the Board and Chairman of Nomination Committee |
Reach 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 Reach Subsea 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.
| Return On Equity | 0.2 | |||
| Return On Asset | 0.0673 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.08 % | |||
| Current Valuation | 919.5 M | |||
| Shares Outstanding | 225.72 M | |||
| Shares Owned By Insiders | 80.50 % | |||
| Shares Owned By Institutions | 3.21 % | |||
| Price To Earning | (10.56) X | |||
| Price To Book | 1.63 X |
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Reach Subsea financial ratios help investors to determine whether Reach 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 Reach with respect to the benefits of owning Reach Subsea security.