Frank Reite - Aker ASA Insider

AKAAF -- USA Stock  

USD 40.40  0.000002  0.00%

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: 47  CFO Since 2015      
47 24 13 00 00

Management Efficiency

The company has return on total asset (ROA) of 2.22 % which means that it generated profit of $2.22 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of 4.05 % meaning that it generated $4.05 on every $100 dollars invested by stockholders.
The company has accumulated 3.46 B in total debt with debt to equity ratio (D/E) of 70.2 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Aker ASA has Current Ratio of 1.23 suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due.

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Entity Summary

Aker ASA, an industrial investment company, operates in the oil and gas, maritime assets, and marine biotechnology sectors in Norway, the European Union, the Americas, Asia, and internationally. The company was founded in 1841 and is based in Lysaker, Norway. Aker ASA operates under Asset Management classification in USA and traded on OTC Market. It employs 19444 people.Aker ASA (AKAAF) is traded on OTC Market in USA. It is located in Oksen?yveien 10 and employs 19,444 people.

Aker ASA Leadership Team

Per Reppe, Investor Relations Director
Finn Jacobsen, Deputy Chairman of the Board
Arild Frick, General Counsel
Arnfinn Stenso, Director, Employee Representative
Edward Ross, Investment Director
Haakon Berg, Investment Director
Frank Reite, CFO
Marianne Stigset, Investor Relations Manager
Amram Hadida, Director, Employee Representative
Atle Kigen, Head of Corporate Communication
Ola Snove, Investment Director
Baard Snekkevik, Corporate Treasurer
Tommy Angeltveit, Director, Employee Representative
Atle Tranoy, Director, Employee Representative
Kristian Rokke, Director
Oyvind Eriksen, CEO and Presidentident, Member of the Executive Team
Audun Stensvold, Investment Director
Karen Simon, Director
Kjell Rokke, Chairman of the Board
Nina Hanssen, Director, Employee Representative
Kristin Devold, Director
Inger Karlsen, Director, Employee Representative
Anne Cannon, Director
Jan Haugan, CEO of Aker Energy AS
Leif Hoegh, Director

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