Jon Reinhardsen - Telenor ASA Independent Director

TEL Stock  NOK 131.00  1.20  0.92%   

Director

Mr. Jon Erik Reinhardsen was Independent Member of the Board of Directors of Telenor ASA since May 14, 2014. He is Chair of the Company Risk and Audit Committee and Member of the People and Governance Committee. He previously was Member of the Ethics and Sustainability Committee. He was CEO of Petroleum GeoServices, a position he has held from April 2008 till September 2017. Prior to joining PGS, he has held executive positions in Alcoa, Aker Kvaerner and Aker Maritime. He is Member of the Board of Directors of Awilhelmsen Management AS, Borregaard ASA and Oceaneering International, Inc. He served on the Board of Cameron International Corporationration, Hoegh Autoliners AS and Hoegh LNG Holdings Ltd . He obtained a Masters degree in Applied Mathematics and Geophysics from the University of Bergen, Norway. In 1991 he completed the International Executive Program at the Institute for Management Development Lausanne, Switzerland. since 2014.
Age 63
Tenure 10 years
Phone47 81 07 70 00
Webhttps://www.telenor.com

Telenor ASA Management Efficiency

The company has return on total asset (ROA) of 0.0493 % which means that it generated a profit of $0.0493 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2847 %, meaning that it generated $0.2847 on every $100 dollars invested by stockholders. Telenor ASA's management efficiency ratios could be used to measure how well Telenor ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Telenor ASA has accumulated 107.71 B in total debt with debt to equity ratio (D/E) of 4.94, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Telenor ASA has a current ratio of 0.69, 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 Telenor ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Telenor 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 Telenor ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Telenor to invest in growth at high rates of return. When we think about Telenor ASA's use of debt, we should always consider it together with cash and equity.

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Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Telenor ASA was founded in 1855 and is headquartered in Fornebu, Norway. TELENOR ASA operates under Diversified Telecommunications classification in Norway and is traded on Oslo Stock Exchange. It employs 18000 people. Telenor ASA (TEL) is traded on Oslo Stock Exchange in Norway and employs 62 people.

Management Performance

Telenor ASA Leadership Team

Elected by the shareholders, the Telenor ASA's board of directors comprises two types of representatives: Telenor ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Telenor. The board's role is to monitor Telenor ASA's management team and ensure that shareholders' interests are well served. Telenor 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, Telenor ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sigve Brekke, Executive Vice President and Head of the Telenor Asia operations
Jacob Aqraou, Independent Director
Jorgen Kildahl, Independent Deputy Chair of the Board
Esben Smistad, Director, Employee Representative
Jon Reinhardsen, Independent Director
PetterBorre Furberg, Interim CEO of Grameenphone
Ruza Sabanovic, Executive Vice President, Chief Technology Officer
Siri Berge, General Counsel
Irfan Khan, Executive Vice President Emerging Asia Cluster and Chief Executive Officer of Telenor Pakistan
Anne Kvam, Executive Vice President Chief Corporate Affairs Officer
Cecilie Heuch, Executive Vice President Chief People Officer
Tone Bachke, Chief Financial Officer
Grethe Viksaas, Independent Director
Jukka Leinonen, Executive Vice President - Nordic Cluster and Chief Executive Officer of DNA, Finland
Gunn Waersted, Independent Chair of the Board
Jan Eriksen, Director, Employee Representative
Rita Skjaervik, Sustainability People
Atle Lessum, Acting Communications
Albern Murty, Executive Vice President Developed Asia Cluster, Chief Executive Officer of Digi
Lars Thomsen, Acting Executive Vice President Chief Marketing Officer
Jorgen Rostrup, Executive Vice President, Head - Unified Asian Operations
Petter Furberg, Executive Vice President, Chief Executive Officer - Telenor Norway
Jan Engebretsen, Chief Research
Anita Steine, Director, Employee Representative
Marianne Moe, Investor Relations Contact Officer
Sally Davis, Independent Director

Telenor Stock Performance Indicators

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Other Information on Investing in Telenor Stock

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