Karl Kjelstad - Akastor ASA Executive VP and Investment Director

AKKVF Stock  USD 1.10  0.00  0.00%   

Director

Mr. Karl Erik Kjelstad was appointed Chief Executive Officer at Akastor ASA, effective as of January 1, 2018. He no longer serves as Executive Vice President Investment Director at Akastor ASA. He has held the position since 2014. He was previously Executive Vice President, Head of Oilfield Services and Marine Assets from July 2009 until 2014 and Director of the Company from 2006 until April 2008. He has held a variety of executive positions in the Aker group which he joined in 1998. He was EVP at Aker Solutions from 2009 and earlier served as Senior Partner and President of Maritime Technologies at Aker ASA. He was President and Chief Executive Officer of Aker Yards ASA in 20032007. Before joining Aker, Mr. Kjelstad was senior consultant at PA Consulting Group and in 19921996 held various management positions at the TTS Group since 2018.
Age 57
Tenure 6 years
Phone47 21 52 58 00
Webhttps://www.akastor.com
Kjelstad holds MS in Marine Engineering from the Norwegian University of Science and Technology and AMP from Harvard Business School.

Akastor ASA Management Efficiency

Akastor ASA's management efficiency ratios could be used to measure how well Akastor ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Akastor ASA has accumulated 1.37 B in total debt with debt to equity ratio (D/E) of 0.46, which is about average as compared to similar companies. Akastor ASA has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Akastor ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Akastor ASA'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 Akastor ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Akastor to invest in growth at high rates of return. When we think about Akastor ASA's use of debt, we should always consider it together with cash and equity.

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Akastor ASA operates as an oilfield services investment company. Akastor ASA was founded in 1841 and is based in Brum, Norway. Akastor ASA operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 428 people. Akastor ASA [AKKVF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Akastor ASA Leadership Team

Elected by the shareholders, the Akastor ASA's board of directors comprises two types of representatives: Akastor ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Akastor. The board's role is to monitor Akastor ASA's management team and ensure that shareholders' interests are well served. Akastor 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, Akastor ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sander Seeberg, Head Tax
Bruce Lethuillier, Head Treasury
Paal Johnsen, Executive VP and Investment Director
Christian Starberg, Financial Controller
Tore Langballe, Head of Communications and Investor Relations
Oyvind Paaske, Chief Officer
Karl Kjelstad, Executive VP and Investment Director
Eirik Thomassen, G Counsel
Jing Taklo, Head Reporting
Kent LianeUnsgaard, Head Compliance

Akastor 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 Akastor 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

Other Information on Investing in Akastor Pink Sheet

Akastor ASA financial ratios help investors to determine whether Akastor Pink Sheet 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 Akastor with respect to the benefits of owning Akastor ASA security.