Mr. Roland Tornare is Independent Director of Fortress Paper Ltd. Mr. Tornare was with the Swiss National Bank since 1967 where he worked in the security and internal audit department before joining the bank note issue department. During his employment with the SNB, Mr. Tornare assumed a variety of positions, and in 1995 was appointed executive director of the bank note issue department and branches until his retirement at the end of June, 2008. In his position as executive director, Mr. Tornare managed the development and issuance of the last two banknote series for Switzerland. Mr. Tornare has also been a member of the European Banknote Conference for 23 years and has chaired its policy committee and advisory group for five years. During the last 25 years, Mr. Tornare has advised numerous central banks on a variety of matters and is currently an independent advisor for several central banks in the development of new banknote series and cash organizations
Tornare has a Swiss federal diploma in banking and a diploma from the Swiss Business and Management School.
Management Efficency
The company has return on total asset (ROA) of (3.84) % which means that it has lost $3.84 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of (11.54) % meaning that it generated substantial loss on money invested by shareholders.
The company has accumulated 273.19 M in total debt with debt to equity ratio (D/E) of 1.25 which is about average as compared to similar companies. Fortress Paper Ltd has Current Ratio of 1.57 which is within standard range for the sector.
Fortress Paper Ltd. produces and sells specialty pulp, specialty papers, security papers, and other security related products. Fortress Paper Ltd [FTP] is traded on Toronto Stock Exchange in Canada. It is located in North Vancouver, BC VM K and employs 780 people. Filter other
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