Eivind Kallevik - Norsk Hydro CFO

NHYKF Stock  USD 6.43  0.05  0.77%   

CFO

Mr. Eivind Kallevik was appointed Head of Primary Metal, Member of the Corporationrationrate Management Board at Norsk Hydro ASA, effective as of August 15, 2019. He no longer serves as Executive Vice President, Chief Financial Officer and Member of the Corporationrationrate Management Board of Norsk Hydro ASA, effective as of August 15, 2018. He has held the position since February 15, 2013. He no longer serves as Interim Head of Bauxite Alumina effective as of June 1, 2018. He has held the position since March 5, 2018. He was also Acting Head of Bauxite Alumina business area at the Company from October 18, 2016 till December 13, 2016. He was previously Head of Finance in Bauxite Alumina business area at the Company. He has worked in the Company since 1998 in a variety of senior positions in the corporate center and in business areas along the value chain, in Norway and internationally. His career at the Company includes core positions within the finance area, including corporate accounting, financial reporting, performance management and treasury. He was Head of Corporationrationrate Financial Reporting, Performance and Tax, Head of Finance Aluminum Products, Head of Business Controlling Hydro Aluminum and responsible for Trade Finance Cash Management in Norsk Hydro ASA. Prior to Hydro, he served 6 years of Oil and Gas Financing in Christiania Bank og Kreditkasse since 2018.
Age 56
Tenure 6 years
Professional MarksMBA
Phone47 22 53 81 00
Webhttps://www.hydro.com
Eivind Kallevik holds a MBA from the University of San Francisco.

Norsk Hydro Management Efficiency

The company has return on total asset (ROA) of 0.1876 % which means that it generated a profit of $0.1876 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3375 %, meaning that it generated $0.3375 on every $100 dollars invested by stockholders. Norsk Hydro's management efficiency ratios could be used to measure how well Norsk Hydro manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 31.88 B in total debt with debt to equity ratio (D/E) of 0.28, which may suggest the company is not taking enough advantage from borrowing. Norsk Hydro ASA has a current ratio of 1.84, which is within standard range for the sector. Debt can assist Norsk Hydro until it has trouble settling it off, either with new capital or with free cash flow. So, Norsk Hydro'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 Norsk Hydro ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Norsk to invest in growth at high rates of return. When we think about Norsk Hydro's use of debt, we should always consider it together with cash and equity.

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Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities and provision of extruded solutions worldwide. Norsk Hydro ASA was founded in 1905 and is headquartered in Oslo, Norway. NORSK HYDRO operates under Aluminum classification in the United States and is traded on OTC Exchange. It employs 31000 people. Norsk Hydro ASA [NHYKF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Norsk Hydro ASA Leadership Team

Elected by the shareholders, the Norsk Hydro's board of directors comprises two types of representatives: Norsk Hydro inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Norsk. The board's role is to monitor Norsk Hydro's management team and ensure that shareholders' interests are well served. Norsk Hydro'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, Norsk Hydro's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sten Martinsen, Director, Employee Representative
Peter Kukielski, Director
Kjetil Ebbesberg, Executive Vice President for Rolled Products, Member of the Management Board
Arvid Moss, Executive VP of Energy and Corporate Bus. Devel. and Member of Corporate Management Board
Irene Rummelhoff, Director
AnneLene Midseim, Executive Vice President for CSR, Legal and Compliance, Member of the Management Board
Egil Hogna, Executive Vice President Extruded Solutions, Member of the Corporate Management Board
Einar Glomnes, Executive Vice President Rolled Products; Member of the Corporate Management Board
Alberto Fabrini, Executive VP of Bauxite and Alumina and Member of Corporate Management Board
Eva Persson, Director
Roeland Baan, Director
Katarina Nilsson, Executive Vice President People & HSE, Member of the Corporate Management Board
Paul Warton, Exec Board
Therese Holm, Exec Board
Eivind Kallevik, CFO, Executive VP and Member of The Corporate Management Board
Billy Fredagsvik, Director, Employee Representative
Dag Mejdell, Director
Marianne Wiinholt, Director
Silvio Porto, Executive Vice President - Bauxite and Alumina, Member of the Management Board
Liv Stubholt, Director
Hilde Aasheim, Executive Vice President Metal Markets and Primary Metal, Member of the Management Board
Hanne Simensen, Executive Vice President for People & HSE, Member of the Management Board
Arve Baade, Director, Employee Representative
Finn Jebsen, Director
Svein Sund, Director, Employee Representative
Svein Brandtzaeg, CEO and Presidentident, Member of the Management Board
Inger Sethov, Executive Vice President for Communication & Public Affairs, Member of the Management Board
Hilde Nordh, Acting Executive Vice President People & HSE, Member of the Corporate Management Board
Stian Hasle, Head of Investor Relations
Trond Christophersen, Member Devel
Inge Hansen, Deputy Chairman of the Board
Pedro Rodrigues, Director
Ove Ellefsen, Director, Employee Representative
Liselott Kilaas, Director
Pal Kildemo, Head of Investor Relations
Thomas Schulz, Director
John Thuestad, Executive Vice President Head of Bauxite & Alumina; Member of the Corporate Management Board

Norsk Stock Performance Indicators

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Please note, there is a significant difference between Norsk Hydro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Norsk Hydro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Norsk Hydro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.