Frank Reite - Aker ASA Insider

Aker ASA -- USA Stock  

USD 40.4  0.00  0.00%

CFO

Mr. Frank Ove Reite has served as Chief Financial Officer of Aker ASA since August 10, 2015. He first joined Aker in 1995. He holds a B.A. in business administration from Handelshoyskolen BI in Oslo. Mr. Reite came from the position of President CEO of Akastor, and has previously held a variety of executive positions in the Aker group, including overseeing and developing Aker investments in Converto Capital Fund AS, Havfisk ASA, Norway Seafoods AS and Aker Yards ASA. Mr. Reite also has experience from banking and served as Operating Director at Paine Partners, a New Yorkbased private equity firm. Mr. Reite is chairman of Ocean Yield and of Akastor ASA.
Age: 46  CFO Since 2015      
47 24 13 00 00  http://www.akerasa.com

Management Efficiency

The company has return on total asset (ROA) of 1.92 % which means that it generated profit of $1.92 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of (2.35) % meaning that it generated substantial loss on money invested by shareholders.
The company has accumulated 3.48 B in total debt with debt to equity ratio (D/E) of 72.6 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Aker ASA has Current Ratio of 1.18 suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due.

Similar Executives

Found 4 records

CFO Since

Zheng YangCHINA LIFE
2014
Xiumei HuangCHINA LIFE
2014
Thomas PladsenAtacama Pacific Gold Corporatio
2009
Thomas MBAAtacama Pacific Gold Corporatio
N/A

Entity Summary

Aker ASA, an industrial investment company, operates in the oil and gas, maritime assets, seafood/marine biotechnology, and real estate sectors in Norway, the European Union, the Americas, Asia, and internationally. Aker ASA (AKAAF) is traded on OTC Market in USA. It is located in Lysaker, and employs 26,026 people.

Did you try this?

Run Pattern Recognition Now
   

Pattern Recognition

Use different Pattern Recognition models to time the market across multiple global exchanges
Hide  View All  NextLaunch Pattern Recognition
Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations when you add Aker ASA to your portfolio

Top Management

Aker ASA Leadership Team
Baard Snekkevik, Executive
Per Reppe, Director
Finn Jacobsen, Chairman, MBA
Arild Frick, Executive
Arnfinn Stenso, Director
Edward Ross, Director, MBA
Tommy Angeltveit, Director
Atle Tranoy, Director
Haakon Berg, Director
Frank Reite, CFO
Kristian Rokke, Director, MBA
Marianne Stigset, Executive
Oyvind Eriksen, CEO
Amram Hadida, Director
Audun Stensvold, Director
Karen Simon, Director
Kjell Rokke, Chairman
Nina Hanssen, Director
Kristin Devold, Director
Atle Kigen, Executive
Inger Karlsen, Director
Anne Cannon, Director
Ola Snove, Director, MBA
Leif Hoegh, Director, MBA

Stock Performance

Aker ASA Performance Indicators