Torstein Sanness - Magnora ASA Ex Chairman

SVMRF Stock  USD 2.09  0.00  0.00%   

Chairman

Mr. Torstein Sanness was Executive Independent Chairman of the Board of MAGNORA ASA since April 17, 2019. He was Independent Chairman of the Board since December 18, 2018. Before that, he was Acting Independent Chairman of the Board since November 27, 2018. He was Independent Director since May 24, 2017. He has experience and technical expertise in the oil and gas industry. Mr. Sanness served as Managing Director of Lundin Petroleum Norway from 2004 to April 2015, where after he was elected Chairman of the same company until March 2017 when he moved to the board of International Petroleum Corporationration, another Lundin Group company. Before joining Lundin Norway Mr. Sanness was Managing Director of Det Norske Oljeselskap AS. From 1975 to 2000, Mr. Sanness was at Saga Petroleum until its sale to Norsk Hydro and Statoil, where he held several executive positions in Norway as well as in the US, including being responsible for Sagas international operations and entry into Libya, Angola, Namibia and Indonesia. Mr. Sanness is a graduate of the Norwegian Institute of Technology in Trondheim where he obtained a Master of Engineering . Mr. Sanness also serves as a board member for TGS, the worlds largest geoscience data company, International Petroleum Corporationrationration, Lundin Petroleum AB and for Panoro Energy ASA. since 2019.
Age 76
Tenure 5 years
Phone47 37 40 40 00
Webhttps://www.magnoraasa.com

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.
Erik Sneve, Chief Officer
Haakon Alfstad, Chief Wind
Bjorn Gronlie, Ex MA
Trond Gartner, Sr Devel
Bard Olsen, Chief Officer
Cecilie WieseHansen, Group Controller
Torstein Sanness, Ex Chairman
Emilie Brackman, VP Solar
Aslak Hjelde, Managing Director of KANFA AS
Espen Erdal, VP Devel

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.

Currently Active Assets on Macroaxis

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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.