Norman Becker - PNM Old Lead Independent Director

PNMDelisted Stock  USD 43.25  0.21  0.48%   

Director

Mr. Norman P. Becker is a Independent Director of the Company. He is a resident of Albuquerque, New Mexico, and has more than 30 years of insurance and health care industry experience. He currently serves as President and CEO of New Mexico Mutual Casualty Company, an insurance provider, a position he has held since 2008. Mr. Becker previously served as SVP of Manuel Lujan Agencies, an insurance agency, and as President of Lovelace Health System, a system of hospitals and medical centers in greater Albuquerque. His former roles include 20 years with Blue Cross Blue Shield plans, with the last seven of those years as President and CEO of Blue Cross Blue Shield of New Mexico. Mr. Becker also has extensive community and public interest involvement and serves or has served in leadership roles at United Way of Central New Mexico, Blue Cross and Blue Shield Association, the First Community Bank Advisory Board, the National Hispanic Cultural Center, the Albuquerque Hispano Chamber of Commerce, the NM Hospitals and Health Systems Association, the Bank of Albuquerque Community Board, and the Greater Albuquerque Chamber of Commerce. Mr. Becker earned his masters degree in Health Administration from the University of Colorado. Mr. Beckers qualifications to serve as director include his extensive leadership experience within a highly regulated industry, strong record of community and business involvement, and business contacts and relationships within PNMs service area. Mr. Becker brings valuable insight to our Board as a result of his broad range of business skills and financial expertise, as well as his expertise and exposure to an industry that has multiple stakeholders, including customers and regulators. Mr. Becker currently serves as chair of the Finance Committee and as a member of the Compensation Committee. since 2021.
Age 65
Tenure 4 years
Phone505 241 2700
Webhttps://www.pnmresources.com
Becker earned his master’s degree in Health Administration from the University of Colorado.

PNM Old Management Efficiency

The company has Return on Asset of 0.014 % which means that on every $100 spent on assets, it made $0.014 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0413 %, implying that it generated $0.0413 on every 100 dollars invested. PNM Old's management efficiency ratios could be used to measure how well PNM Old manages its routine affairs as well as how well it operates its assets and liabilities.
PNM Old has 4.96 B in debt with debt to equity (D/E) ratio of 1.91, which is OK given its current industry classification. PNM Old has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for PNM to invest in growth at high rates of return.

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PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico. PNM Resources operates under UtilitiesRegulated Electric classification in the United States and is traded on New York Stock Exchange. It employs 1646 people. PNM Old (PNM) is traded on NASDAQ Exchange in USA and employs 1,635 people.

Management Performance

PNM Old Leadership Team

Elected by the shareholders, the PNM Old's board of directors comprises two types of representatives: PNM Old inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PNM. The board's role is to monitor PNM Old's management team and ensure that shareholders' interests are well served. PNM Old'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, PNM Old's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sabrina Greinel, VP Treasurer
Bruce Wilkinson, Lead Independent Director
Vicky Bailey, Independent Director
Lisa Goodman, Executive Relations
Gerald Bischoff, Vice Controller
E Conley, Independent Director
Charles Eldred, Executive Vice President - Corporate Development and Finance
James Hughes, Independent Director
Alan Fohrer, Independent Director
Patricia Collawn, Chairman of the Board, President, Chief Executive Officer
Norman Becker, Lead Independent Director
Joseph Tarry, Principal Accounting Officer, Vice President Corporate Controller
Ronald Darnell, Senior Vice President - Public Policy
Elisabeth Eden, Senior CFO
Patrick Apodaca, Senior Vice President, General Counsel, Secretary
Chris Olson, Senior Vice President - Utility Operations
Sheila Mendez, VP Officer
Maureen Mullarkey, Independent Director
SIDNEY GUTIERREZ, Independent Director
Henry Monroy, Vice President Controller
Donald Schwanz, Independent Director
Michael Mertz, VP Officer
Patricia VincentCollawn, Chairman CEO
Rebecca Teague, Vice Resources

PNM 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 PNM Old 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 Consideration for investing in PNM Stock

If you are still planning to invest in PNM Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the PNM Old's history and understand the potential risks before investing.
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