Odd Grefstad - Storebrand ASA Group Officer

STB Stock  NOK 133.80  0.50  0.38%   

Executive

Mr. Odd Arild Grefstad was Group Chief Executive Officer of Storebrand ASA since July 13, 2012. Previously, he served as Acting Chief Executive Officer of the Company from June 1, 2012. He also served as Managing Director of Storebrand Life Insurance within the Company from March 1, 2011 until July 13, 2012. Prior to this he was Executive Vice President, Chief Financial Officer and Group Legal from 2002 until March 1, 2011, and before that, served as Head of Business Control at Storebrand ASA . His other positions within the Company include Group Controller, Life Insurance and Vice President, Internal Audit . He joined the Storbrand Group in 1994. Earlier in his career, he worked for Arthur Andersen Co as External Auditor. Mr. Grefstad is State Authorized Public Accountant and Authorized Finance Analyst from Norwegian School of Economics and Business Administration. since 2012.
Age 58
Tenure 13 years
Phone47 91 50 88 80
Webhttps://www.storebrand.no

Storebrand ASA Management Efficiency

Storebrand ASA's management efficiency ratios could be used to measure how well Storebrand ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Storebrand ASA has accumulated 43.78 B in total debt with debt to equity ratio (D/E) of 86.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Storebrand ASA has a current ratio of 0.6, 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 Storebrand ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Storebrand 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 Storebrand ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Storebrand to invest in growth at high rates of return. When we think about Storebrand ASA's use of debt, we should always consider it together with cash and equity.

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Storebrand ASA, through its subsidiaries, primarily provides insurance products and services for private individuals, companies, municipalities, and public sector in Norway and Sweden. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway. STOREBRAND ASA operates under Insurance - General classification in Norway and is traded on Oslo Stock Exchange. It employs 1789 people. Storebrand ASA (STB) is traded on Oslo Stock Exchange in Norway and employs 2,161 people.

Management Performance

Storebrand ASA Leadership Team

Elected by the shareholders, the Storebrand ASA's board of directors comprises two types of representatives: Storebrand ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Storebrand. The board's role is to monitor Storebrand ASA's management team and ensure that shareholders' interests are well served. Storebrand 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, Storebrand ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Lars Loddesol, Interim CFO
Trygve Hakedal, Ex Digital
Jenny Rundbladh, Ex Sweden
Daniel Sundahl, Head Rating
Jan Saugestad, Acting Managing Director of Storebrand Asset Management AS, Acting Head of Asset Management
Tove Selnes, Ex People
Faisal Khan, VP MA
Karin Flaa, Sustainability Communications
Odd Grefstad, Group Officer
Heidi Skaaret, Ex Retail

Storebrand Stock Performance Indicators

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Other Information on Investing in Storebrand Stock

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