Bard Benum - Sparebank Independent Deputy Chairman of the Board

MING Stock  NOK 148.58  0.98  0.66%   

Chairman

Mr. Bard Benum has served as Deputy Chairman of the Board of Directors at SpareBank 1 SMN since March 21, 2013. He was previously Member of the Board of Directors at the Company since March 2009. He is also Member of the internal audit committee since 2009 and member of the risk committee since 2013 at the Company. He has also been Group Chief Executive Officer at Powel. He has held senior positions at Norsk Hydro, Statoil and Reitan Group. He served as Chief Executive Officer of Cresco between 1998 and 2000, and of Vital Forsikring between 2001 and 2007. He holds MS degree from Norges TekniskNaturvitenskapelige Universitet NTNU from 1987. since 2013.
Age 57
Tenure 11 years
Phone47 91 50 73 00
Webhttps://www.sparebank1.no/nb/smn

Sparebank Management Efficiency

The company has return on total asset (ROA) of 0.0132 % which means that it generated a profit of $0.0132 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1154 %, meaning that it generated $0.1154 on every $100 dollars invested by stockholders. Sparebank's management efficiency ratios could be used to measure how well Sparebank manages its routine affairs as well as how well it operates its assets and liabilities.
Sparebank 1 SMN has accumulated 42.13 B in total debt. Debt can assist Sparebank until it has trouble settling it off, either with new capital or with free cash flow. So, Sparebank'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 Sparebank 1 SMN sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sparebank to invest in growth at high rates of return. When we think about Sparebank's use of debt, we should always consider it together with cash and equity.

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SpareBank 1 SMN, together with its subsidiaries, provides various banking, accounting, and real estate products and services to private individuals and companies in Norway and internationally. SpareBank 1 SMN was founded in 1823 and is headquartered in Trondheim, Norway. SPAREBANK operates under BanksRegional classification in Norway and is traded on Oslo Stock Exchange. It employs 1579 people. Sparebank 1 SMN (MING) is traded on Oslo Stock Exchange in Norway and employs 1,432 people.

Management Performance

Sparebank 1 SMN Leadership Team

Elected by the shareholders, the Sparebank's board of directors comprises two types of representatives: Sparebank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sparebank. The board's role is to monitor Sparebank's management team and ensure that shareholders' interests are well served. Sparebank'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, Sparebank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kjell Fordal, CFO and Executive Director of Fin. Division
Janne Thomsen, Independent Director
Tonje Foss, Independent Director
Christina Straub, Director, Employee Representative
Trond Soraas, Exec CFO
Petter Lange, Chief Economist
Nelly Maske, Executive Director - Retail Banking and Organization and Development
Rolf Broske, Executive Director – Communications and Society
Morten Loktu, Independent Director
Inge Lindseth, Director, Employee Representative
Bard Benum, Independent Deputy Chairman of the Board
Ola Nerasen, Head of Risk Management and Compliance
Astrid Undheim, Executive Director - Technology and Development
Kjell Bjordal, Independent Chairman of the Board
Mette Kamsvag, Independent Director
Trond Barikmo, Treasury MangIR
Hans Tronstad, Head Communications
Kjersti Honstad, Executive Director - Legal Affairs
Christian Stav, Independent Director
Vegard Helland, Executive Director of Corporate Market Division
JanFrode Janson, Group Chief Executive Officer

Sparebank Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Sparebank 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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Other Information on Investing in Sparebank Stock

Sparebank financial ratios help investors to determine whether Sparebank Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sparebank with respect to the benefits of owning Sparebank security.