Frank Reite - Aker ASA Insider

Aker ASA -- USA Stock  

USD 40.4  0.00  0.00%

CFO

Mr. Frank Ove Reite serves as Chief Financial Officer and Member of the Executive Team of Aker ASA. He was Chief financial Officer at the Company 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 Havfisk ASA, Ocean Yield and of Akastor ASA.
Age: 46        
47 24 13 00 00  http://www.akerasa.com

Management Efficiency

The company has return on total asset (ROA) of 3.56 % which means that it generated profit of $3.56 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on equity (ROE) of 21.5 % meaning that it generated $21.5 on every $100 dollars invested by stockholders.
The company has accumulated 3.65 B in total debt with debt to equity ratio (D/E) of 0.81 which is about average as compared to similar companies. 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.

Similar Executives

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.
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Top Management

Aker ASA Leadership Team
Finn Jacobsen, Chairman, MBA
Arnfinn Stenso, Director
Edward Ross, Director, MBA
Tommy Angeltveit, Director
Atle Tranoy, 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