Leif Ostling - AB SKF Independent Chairman of the Board

SKFRY Stock  USD 20.69  0.11  0.53%   

Chairman

Mr. Leif Ostling no longer serves as Independent Chairman of the Board of Directors at AB SKF, effective as of March 27, 2018. He has held the position since February 25, 2008, and he was Member of the Company Board of Directors since March 9, 2005. He was Member of the Company Audit and Chairman of the Remuneration Committee. He was previously President and Chief Executive Officer of Scania AB from 1994 until 2012. He held various management positions at Scania since 1972. He was Member of the Board of Management of Volksvagen AG, responsible for Commercial Vehicles from 2012 to 2015. He was also Vice Chairman of the Board of Scania AB from 2013 to 2015. He is Board Member of EQT Holding AB and Member of the Supervisory Board of Volkswagen TruckBus GmbH. He holds Master of Engineering degree from Chalmers Tekniska Hogskola, as well as Bachelor of Economics degree from the School of Business, Economics and Law at Goteborgs Universitet .
Age 72
Phone46 3 13 37 10 00
Webhttps://www.skf.com

AB SKF Management Efficiency

The company has return on total asset (ROA) of 0.0507 % which means that it generated a profit of $0.0507 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0977 %, meaning that it generated $0.0977 on every $100 dollars invested by stockholders. AB SKF's management efficiency ratios could be used to measure how well AB SKF manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 13.28 B in total debt with debt to equity ratio (D/E) of 0.46, which is about average as compared to similar companies. AB SKF has a current ratio of 2.18, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist AB SKF until it has trouble settling it off, either with new capital or with free cash flow. So, AB SKF'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 AB SKF sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SKFRY to invest in growth at high rates of return. When we think about AB SKF's use of debt, we should always consider it together with cash and equity.

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AB SKF engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. AB SKF was founded in 1907 and is headquartered in Gothenburg, Sweden. Skf Ab operates under Tools Accessories classification in the United States and is traded on OTC Exchange. It employs 42885 people. AB SKF [SKFRY] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

AB SKF Leadership Team

Elected by the shareholders, the AB SKF's board of directors comprises two types of representatives: AB SKF inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SKFRY. The board's role is to monitor AB SKF's management team and ensure that shareholders' interests are well served. AB SKF'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, AB SKF's outside directors are responsible for providing unbiased perspectives on the board's policies.
Erik Nelander, President Industrial Sales Europe and Middle East and Africa
Victoria Camp, President Business and Product Development
Jonny Hilbert, Director, Employee Representative
Patrick Tong, President Specialty Business
Hock Goh, Independent Director
John Schmidt, President Industrial Sales Americas
Joe Loughrey, Independent Director
Stephane Mounier, President Automotive and Aerospace
Carina Berg, Director Accounting
Rickard Gustafson, CEO Pres
Ronnie Leten, Director
Carina Bergfelt, Sr. VP of Group Legal and Sustainability, General Counsel and Secretary
Babasaheb Kalyani, Independent Director
Jouko Karvinen, Independent Director
Nancy Gougarty, Director
Kent Viitanen, Sr. VP of Group People, Bus. Excellence and Communications
Kennet Carlsson, Director, Employee Representative
Annika Olme, Chief Officer
Stephane LeMounier, President of Automotive Market
Colleen Repplier, Independent Director
Niclas Rosenlew, CFO, Senior Vice President
Alrik Danielson, President CEO
Leif Ostling, Independent Chairman of the Board
Theo Kjellberg, Director Relations
Marie Bredberg, Independent Director
Marita Bjork, Head of Investor Relations
Christian Johansson, CFO and Executive VP
Zarko Djurovic, Director, Employee Representative
Lena Torell, Independent Director
Bernd Stephan, Sr. VP of Group Technology Devel.
Niklas Thoresson, Director, Employee Representative
Luc Graux, President Bearing Operations
Hans Straberg, Independent Chairman of the Board
Barbara Samardzich, Independent Director
Joakim Landholm, VP Transformation
Peter Grafoner, Independent Director
Patrik Stenberg, Head of Investor Relations
Lars Wedenborn, Director
Mathias Lyon, Gen Compliance

SKFRY Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is AB SKF a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AB SKF in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AB SKF's short interest history, or implied volatility extrapolated from AB SKF options trading.

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Please note, there is a significant difference between AB SKF's value and its price as these two are different measures arrived at by different means. Investors typically determine if AB SKF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AB SKF'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.