Helge Aasen - Elkem ASA Chief Officer

ELK Stock  NOK 18.21  0.17  0.92%   

Executive

Mr. Helge Aasen has served as Chief Executive Officer of ELKEM ASA since 2009. He was Director of the Company until 2018. Helge Aasen has 27 years of experience in the international materials and metals and mining industry. Mr. Aasen has worked both at plants and in corporate functions internationally and in Norway. He has held the posts as SVP of Elkem Carbon division, after which he was appointed CEO of Elkem Solar AS. Helge Aasen holds an MSc in Engineering from the Norwegian University of Science and Technology, and has participated in the executive leadership development program at IMD in Switzerland. Mr. Aasen was with Elkem since 1990, and in the course of his years at Elkem, he has acquired a very broad industrial experience of most of the companys different functions, from sales through operations to logistics and purchasing. He is Board Member of China National Bluestar Co. Ltd. and Chairperson of Norsk Industri. since 2018.
Age 60
Tenure 6 years
Phone(47) 22 45 01 55
Webwww.elkem.com

Elkem ASA Management Efficiency

The company has return on total asset (ROA) of 0.1547 % which means that it generated a profit of $0.1547 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3964 %, meaning that it generated $0.3964 on every $100 dollars invested by stockholders. Elkem ASA's management efficiency ratios could be used to measure how well Elkem ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Elkem ASA has accumulated 10.33 B in total debt with debt to equity ratio (D/E) of 85.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Elkem ASA has a current ratio of 2.1, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Elkem ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Elkem 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 Elkem ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elkem to invest in growth at high rates of return. When we think about Elkem ASA's use of debt, we should always consider it together with cash and equity.

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Elkem ASA manufactures and sells metals and materials in Norway and internationally. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. ELKEM ASA operates under Specialty Chemicals classification in Norway and is traded on Oslo Stock Exchange. It employs 6280 people. Elkem ASA (ELK) is traded on Oslo Stock Exchange in Norway and employs 7,300 people.

Management Performance

Elkem ASA Leadership Team

Elected by the shareholders, the Elkem ASA's board of directors comprises two types of representatives: Elkem ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elkem. The board's role is to monitor Elkem ASA's management team and ensure that shareholders' interests are well served. Elkem 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, Elkem ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Katja Lehland, Senior Vice President Human Resources
Tom Preststulen, Managing Partner
Morten Viga, Chief Officer
Luiz Simao, VP Division
Inge GrubbenStromnes, Senior Vice President Business Development
Asbjorn Sovik, Senior Vice President Carbon
Frederic Jacquin, Senior Vice President Silicones
Louis Vovelle, Senior Vice President Innovation and R&D
Havard Moe, Senior Vice President Technology
Helge Aasen, Chief Officer

Elkem Stock Performance Indicators

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Other Information on Investing in Elkem Stock

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