Douglas Wheat - International Seaways Non-Executive Chairman of the Board

INSW Stock  USD 36.47  0.23  0.63%   

Chairman

Mr. Douglas D. Wheat J.D. is Independent Chairman of the Board of the Company. He has served as Chairman of the Board of the Company since November 30, 2016. He is currently the Managing Partner of Wheat Investments, a private investment firm. From 2007 to 2016, he was the founding and Managing Partner of the private equity company Southlake Equity Group. From 1992 until 2006, Mr. Wheat was President of Haas Wheat Partners . Prior to the formation of Haas Wheat, Mr. Wheat was a founding member of the merchant banking group at Donaldson, Lufkin Jenrette where he specialized in leveraged buyout financing. From 1974 to 1984, Mr. Wheat practiced corporate and securities law in Dallas, Texas. Mr. Wheat is currently the Chairman of the Board of Directors of Overseas Shipholding Group, Inc. and is also the Chairman of the board of directors of AMN Healthcare Services, Inc. . He was a director of AMN since 1999, becoming Chairman in 2007. He previously served as Vice Chairman of Dex Media, Inc. and served as Chairman of SuperMedia prior to its merger with Dex One. Mr. Wheat has also previously served as a member of the board of directors of several other companies including among others Playtex Products Dr. PepperSevenUp Companies, Inc. Dr. Pepper Bottling of the Southwest, Inc. Walls Industries, Inc. Alliance Imaging, Inc. Thermadyne Industries, Inc. Sybron International Corporation Nebraska Book Corporation ALC Communications Corporation Mothers Cookies, Inc. and Stella Cheese Company. Mr. Wheat received both his Juris Doctor and BS degrees from the University of Kansas. Mr. Wheats finance and legal expertise and experience serving on numerous boards of directors make him a valuable asset to the Board. since 2016.
Age 70
Tenure 9 years
Address 600 Third Avenue, New York, NY, United States, 10016
Phone212 578 1600
Webhttps://intlseas.com
Wheat received both his J.D. and B.S. degrees from the University of Kansas.

Douglas Wheat Latest Insider Activity

Tracking and analyzing the buying and selling activities of Douglas Wheat against International Seaways stock is an integral part of due diligence when investing in International Seaways. Douglas Wheat insider activity provides valuable insight into whether International Seaways is net buyers or sellers over its current business cycle. Note, International Seaways insiders must abide by specific rules, including filing SEC forms every time they buy or sell International Seaways'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

International Seaways Management Efficiency

The company has return on total asset (ROA) of 0.1191 % which means that it generated a profit of $0.1191 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2911 %, meaning that it created $0.2911 on every $100 dollars invested by stockholders. International Seaways' management efficiency ratios could be used to measure how well International Seaways manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.21 in 2025. Return On Capital Employed is likely to climb to 0.25 in 2025. At this time, International Seaways' Intangible Assets are fairly stable compared to the past year. Return On Tangible Assets is likely to climb to 0.21 in 2025, whereas Net Tangible Assets are likely to drop slightly above 951.3 M in 2025.
International Seaways currently holds 744.53 M in liabilities with Debt to Equity (D/E) ratio of 0.89, which is about average as compared to similar companies. International Seaways has a current ratio of 2.04, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about International Seaways' use of debt, we should always consider it together with its cash and equity.

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International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York. International Seaways operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 2061 people. International Seaways (INSW) is traded on New York Stock Exchange in USA. It is located in 600 Third Avenue, New York, NY, United States, 10016 and employs 2,698 people. International Seaways is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification.

Management Performance

International Seaways Leadership Team

Elected by the shareholders, the International Seaways' board of directors comprises two types of representatives: International Seaways inside directors who are chosen from within the company, and outside directors, selected externally and held independent of International. The board's role is to monitor International Seaways' management team and ensure that shareholders' interests are well served. International Seaways' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, International Seaways' outside directors are responsible for providing unbiased perspectives on the board's policies.
Adewale Oshodi, Vice President and Controller
Derek Solon, Vice President and Chief Commercial Officer
Jeffrey Pribor, Chief Financial Officer, Senior Vice President and Treasurer
Timothy Bernlohr, Independent Director
David Greenberg, Independent Director
Ian Blackley, Independent Director
Lois Zabrocky, President, Chief Executive Officer, Director
Alexandra Blankenship, Independent Director
Douglas Wheat, Non-Executive Chairman of the Board
William Nugent, Vice President and Head of Ship Operations
James III, Senior Officer
Craig Stevenson, Director
Joseph Kronsberg, Director
David Siever, Head Relations
Randee Day, Independent Director
Nadim Qureshi, Independent Director
Thomas Trovato, Vice Relations
James Small, Chief Administrative Officer, Senior Vice President, Secretary and General Counsel
Ty Wallach, Independent Director

International 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 International Seaways 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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