Lars Loddesol - Storebrand ASA Interim CFO

STB Stock  NOK 122.60  1.40  1.16%   

CFO

Mr. Lars Aa. Loddesol has served as Group Chief Financial Officer of Storebrand ASA since March 1, 2011. Previously, he was Chief Operating Officer of the Company between March 1, 2011 and September 17, 2012. He has worked for the Storebrand Group since 2001. Previously, he was also Executive Vice President of Life and Pension Norway and Managing Director of Storebrand Livsforsikring AS at the Company from 2008 until March 1, 2011. Prior to that, he was Executive Vice President, Corporationrationrate Market Life insurance, Storebrand Livsforsikring AS Deputy Managing Director and CFO at Storebrand ASA between 2001 and 2004. He also served as Vice President Relationship Manager of Citibank International plc between 1994 and 2001, and Assistant Treasurer at Scandinavian Airlines Systems between 1990 and 1994. He holds MS in Economics and Business Administration degree from Handelshoyskolen BI and a MBA degree from Thunderbird, the United States. since 2012.
Age 59
Tenure 12 years
Professional MarksMBA
Phone47 91 50 88 80
Webhttps://www.storebrand.no

Storebrand ASA Management Efficiency

Storebrand ASA's management efficiency ratios could be used to measure how well Storebrand ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Storebrand ASA has accumulated 43.78 B in total debt with debt to equity ratio (D/E) of 86.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Storebrand ASA has a current ratio of 0.6, 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 Storebrand ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Storebrand 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 Storebrand ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Storebrand to invest in growth at high rates of return. When we think about Storebrand ASA's use of debt, we should always consider it together with cash and equity.

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CFO Age

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Storebrand ASA, through its subsidiaries, primarily provides insurance products and services for private individuals, companies, municipalities, and public sector in Norway and Sweden. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway. STOREBRAND ASA operates under Insurance - General classification in Norway and is traded on Oslo Stock Exchange. It employs 1789 people. Storebrand ASA (STB) is traded on Oslo Stock Exchange in Norway and employs 2,161 people.

Management Performance

Storebrand ASA Leadership Team

Elected by the shareholders, the Storebrand ASA's board of directors comprises two types of representatives: Storebrand ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Storebrand. The board's role is to monitor Storebrand ASA's management team and ensure that shareholders' interests are well served. Storebrand 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, Storebrand ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Lars Loddesol, Interim CFO
Trygve Hakedal, Ex Digital
Jenny Rundbladh, Ex Sweden
Daniel Sundahl, Head Rating
Jan Saugestad, Acting Managing Director of Storebrand Asset Management AS, Acting Head of Asset Management
Tove Selnes, Ex People
Faisal Khan, VP MA
Karin Flaa, Sustainability Communications
Odd Grefstad, Group Officer
Heidi Skaaret, Ex Retail

Storebrand 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 Storebrand 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.

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Other Information on Investing in Storebrand Stock

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