Gustav Witzoe - SalMar ASA CEO

SALM Stock  NOK 574.00  1.50  0.26%   

CEO

Mr. Gustav Witzoe has served as Director of Strategic Projects, Member of the Group Management Team at SalMar ASA, since December 1, 2017. Mr. Witze is the cofounder of SalMar ASA. He holds a degree in engineering. After several years as an engineer he cofounded BEWI AS, a company producing styrofoam boxes for the fish farming industry. Mr. Witze held the position as managing director of BEWI AS until 1990. Since Mr. Witze founded SalMar ASA in 1991 he has gained extensive experience in fish farming and processing. since 2019.
Age 70
Tenure 5 years
Phone47 72 44 79 00
Webhttps://www.salmar.no
Witzoe is chairman of Egersund Fisk AS and is a director of Norskott Havbruk AS and Scottish Sea Farms Ltd.

SalMar ASA Management Efficiency

The company has return on total asset (ROA) of 0.1141 % which means that it generated a profit of $0.1141 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2669 %, meaning that it generated $0.2669 on every $100 dollars invested by stockholders. SalMar ASA's management efficiency ratios could be used to measure how well SalMar ASA manages its routine affairs as well as how well it operates its assets and liabilities.
SalMar ASA has accumulated 5.66 B in total debt with debt to equity ratio (D/E) of 0.35, which is about average as compared to similar companies. SalMar ASA has a current ratio of 2.23, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist SalMar ASA until it has trouble settling it off, either with new capital or with free cash flow. So, SalMar 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 SalMar ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SalMar to invest in growth at high rates of return. When we think about SalMar ASA's use of debt, we should always consider it together with cash and equity.

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SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of Europe, and internationally. SalMar ASA was founded in 1991 and is headquartered in Kverva, Norway. SALMAR ASA operates under Farm Products classification in Norway and is traded on Oslo Stock Exchange. It employs 1851 people. SalMar ASA (SALM) is traded on Oslo Stock Exchange in Norway and employs 1,851 people.

Management Performance

SalMar ASA Leadership Team

Elected by the shareholders, the SalMar ASA's board of directors comprises two types of representatives: SalMar ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SalMar. The board's role is to monitor SalMar ASA's management team and ensure that shareholders' interests are well served. SalMar 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, SalMar ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tonette Bjrgrd, Head Accounting
Simon Sobstad, COO Director
Kjell Storeide, Independent Vice Chairman of the Board
Jon Rosvoll, Director, Employee representative
Brit Soleng, Director, Employee Representative
Ulrik Steinvik, Director Business Support, Member of the Group's Management Team
Margrethe Hauge, Independent Director
Gustav Witzoe, President, Chief Executive Officer, Member of the Group's Management Team
Helge Moen, Independent Director
Hakon Husby, Head Relations
Trine Romuld, Chief Financial Officer, Chief Operating Officer
Frode Arntsen, Director of Processing and Sales, Member of the Group's Management Team
Roger Bekken, Chief Operating Officer - Farming, Member of the Group's Management Team
Arthur Wisniewski, Director Management
Atle Eide, Independent Chairman of the Board
Gunnar Nielsen, Ex Officer

SalMar Stock Performance Indicators

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Other Information on Investing in SalMar Stock

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