David Rowlands - Spectrum ASA Insider

SPTYF -- USA Stock  

USD 4.26  0.00  0.00%

Mr. David Rowlands was Executive Vice President MultiClient EAME of Spectrum ASA since December 1 2010. He was Chief Executive Officer of the Company from 2008 until December 1 2010. Mr. Rowlands graduated from Reading University in 1977 with an Honours Degree in Geology. Mr. Rowlands was employed in the seismic service industry for 30 years with international contacts and experience. Mr. Rowlands joined Spectrum UK from Schlumberger in 1989 as Seismic Imaging Manager and was appointed as Commercial Director of Spectrum UK in 1993. As Commercial Director his main responsibility was international business development negotiating and concluding contracts for both seismic imaging and MultiClient surveys
Age: 58  EVP Since 2010      
47 23 01 49 60  http://www.spectrumgeo.com
Rowlands is based in the UK office.

Management Efficiency

The company has return on total asset (ROA) of 0.95 % which means that it generated profit of $0.95 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of (19.09) % meaning that it generated substantial loss on money invested by shareholders.
The company has accumulated 23.72 M in total debt with debt to equity ratio (D/E) of 17.1 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Spectrum ASA has Current Ratio of 0.76 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.

Entity Summary

Spectrum ASA produces and sells multi-client seismic surveys and seismic data imaging for multi-client survey and proprietary customers in the oil and gas market. The company was founded in 1986 and is based in Oslo, Norway. Spectrum ASA operates under Oil Gas Equipment Services classification in USA and traded on OTC Market. It employs 146 people.Spectrum ASA (SPTYF) is traded on OTC Market in USA. It is located in Karenslyst All? 11 and employs 146 people.

Spectrum ASA Leadership Team

Jogeir Romestrand, Director
Glen Rodland, Chairman of the Board of Directors
Arne Helland, Executive VP of Strategy and Bus. Devel.
Jan Schoolmeesters, COO
Kim Maver, Executive Vice President North-West Europe
Maria Tallaksen, Director
Ian Edwards, Executive Vice President North-West Europe and Asia Pacific
Graham Mayhew, Executive Vice President Multi-Client, Africa
Ingrid Leisner, Director
Mike Ball, Executive Vice President of Data Processing
Linda Myklebust, Director
Rune Eng, CEO and Pres
Henning Olset, CFO
Jorn Christiansen, CTO
Neil Hodgson, New Ventures Manager
Richie Miller, Executive VP of Multi-Client for Americas
Svein Staalen, General Counsel
David Rowlands, Executive VP of Multi-Client for EAME
Pal Stampe, Director

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