Kjell Engen - Sparebanken Ost Deputy CEO of Fin. and Internal Operations

SPOG Stock  NOK 52.00  0.02  0.04%   

CEO

Mr. Kjell Engen was Deputy Chief Executive Officer of Sparebanken Ost since July 1, 2011. He no longer serves as Chief Financial Officer of the Company, effective as of August 2017. He was employed by the Company since 2003. since 2017.
Age 54
Tenure 7 years
Phone47 33 51 38 55
Webhttps://www.oest.no

Sparebanken Ost Management Efficiency

Sparebanken Ost's management efficiency ratios could be used to measure how well Sparebanken Ost manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 25.13 B in total debt. Debt can assist Sparebanken Ost until it has trouble settling it off, either with new capital or with free cash flow. So, Sparebanken Ost'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 Sparebanken Ost sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sparebanken to invest in growth at high rates of return. When we think about Sparebanken Ost's use of debt, we should always consider it together with cash and equity.

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Sparebanken st operates as a savings bank in Eastern Norway. The company was founded in 1843 and is headquartered in Drammen, Norway. SPAREBANKEN OST is traded on Oslo Stock Exchange in Norway. Sparebanken Ost (SPOG) is traded on Oslo Stock Exchange in Norway and employs 28 people.

Management Performance

Sparebanken Ost Leadership Team

Elected by the shareholders, the Sparebanken Ost's board of directors comprises two types of representatives: Sparebanken Ost inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sparebanken. The board's role is to monitor Sparebanken Ost's management team and ensure that shareholders' interests are well served. Sparebanken Ost'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, Sparebanken Ost's outside directors are responsible for providing unbiased perspectives on the board's policies.
Roar Larsen, Director
Halvor Kirkeboen, Vice President for Business Sector
LarsGunnar Groven, Vice President of Credit
Cecilie Hagby, Director
AnnKristin Plomas, Director, Employee Representative
Pal Strand, CEO and Managing Director
Anne Jensen, HR Manager, Trustee and Member of Nomination Committee
Arne Stokke, Director
Arnljot Lien, Information Technology Manager and Head of Business Support
OleMartin Solberg, Director, Employee Representative
Frode Lindbeck, Chief Trustee
Elly Thoresen, Director
Oivind Andersson, Director
Kristoffer Volden, Chief Office
Per Mork, Vice President of Marketing and Communication
Inger Pettersen, Director, Employee Representative
LarsRunar Groven, Vice President of Credit
Hanne Solem, Director
Kirsten stbyDeglum, Director Legal
Morten Yttreeide, Director
JanRoger Vrabel, Vice President for Private Sector
ThorHenning Brathen, Director Fin
Knut Smedsrud, Vice Chairman of the Board
Sverre Nedberg, Director
Kjell Engen, Deputy CEO of Fin. and Internal Operations
Jorund Indrelid, Chairperson and Managing Director
Ole Sivertsen, Director Sales
Kjartan Reve, Customer Director

Sparebanken 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 Sparebanken Ost 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 Sparebanken Ost's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sparebanken Ost is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sparebanken Ost'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.