Erling Overland - Magnora ASA Chairman of the Board

SVMRF Stock  USD 2.09  0.00  0.00%   

Chairman

Mr. Erling Overland was Independent Chairman of the Board at MAGNORA ASA since May 25, 2016. He is Member of Audit and Ethics Committees. Mr. Overland holds a Master Degree from the Norwegian School of Economics and Business Administration in Bergen. He has experience from the oil and gas industry. He served Statoil for more than 30 years within the areas of finance, accounting, trading, retail and marketing, shipping and business development since 2016.
Age 65
Tenure 8 years
Phone47 37 40 40 00
Webhttps://www.magnoraasa.com
Overland had several corporate leadership positions in Statoil including five years as CFO and a number of years as EVP for downstream operations. He was acting CEO of Statoil ASA in 2004. He was elected president and chairman of the Confederation of Norwegian Enterprise from 2004 – 2008. He has wide board experience and is presently chairman of Naeringslivets NOxFond and serves as Board Member of I.O.S. Tubular Management AS and Pre Robot Holding AS. His previous board memberships include PCI Biotech Holding ASA, Sparebank 1 SRBank ASA, University of Stavanger, SINTEF, Hafslund, Norges Varemesse, Sparebank 1 Livsforsikring and head of the Control Committee of Det norske Veritas.

Magnora ASA Management Efficiency

The company has return on total asset (ROA) of (0.1208) % which means that it has lost $0.1208 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.2744) %, meaning that it generated substantial loss on money invested by shareholders. Magnora ASA's management efficiency ratios could be used to measure how well Magnora ASA manages its routine affairs as well as how well it operates its assets and liabilities.

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Magnora ASA operates as a renewable energy development company. Magnora ASA was incorporated in 2001 and is based in Oslo, Norway. Sevan Marine is traded on OTC Exchange in the United States. Magnora ASA [SVMRF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Magnora ASA Leadership Team

Elected by the shareholders, the Magnora ASA's board of directors comprises two types of representatives: Magnora ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Magnora. The board's role is to monitor Magnora ASA's management team and ensure that shareholders' interests are well served. Magnora ASA'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, Magnora ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Erling Overland, Chairman of the Board
Siri Hatlen, Chairman of the Board
John Hamilton, Director
Bard Olsen, Chief Officer
Hans Sele, Director, Employee Representative
Otto Skjastad, CTO
Emilie Brackman, VP Solar
Fredrik Major, Chief Bus. Devel. Officer
Astrid Jorgenvag, Director
Carl Lieungh, CEO
Knut Bredahl, Head of Sales and Marketing
Joergen Rasmussen, Director
Hilde Adland, Director
Trond Gartner, Sr Devel
Cecilie WieseHansen, Group Controller
Mari Thjomoe, Director
Torstein Sanness, Ex Chairman
Sidsel Skagen, Director, Employee Representative
Reese McNeel, CFO
Haakon Alfstad, Chief Wind
Vidar Andersen, Director, Employee Representative
Alf Skikstein, Managing Director Sevan Marine
AnnKristin Lovland, Director, Employee Representative
Aslak Hjelde, Managing Director of KANFA AS
Lars Odeskaug, COO
Peter Lytzen, Director
Erik Sneve, Chief Officer
Bjorn Gronlie, Ex MA
Ingvild Saether, Director
Bjorn Sund, Director
Kjetil Sjursen, Director
Torlaug Lode, Director, Employee Representative
Morten Breivik, Chief of Staff
AlfRoger Skikstein, Head of Operation and Projects
Espen Erdal, VP Devel
Kathryn Baker, Director

Magnora 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 Magnora ASA 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.

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