Arne Giske - Veidekke ASA CEO and Pres

VEI Stock  NOK 118.00  0.80  0.68%   

CEO

Mr. Arne Giske no longer serves as President and Chief Executive Officer of Veidekke ASA effective as of September 1, 2019. He has held the position since July 1, 2013. Before that, he has served as Executive Vice President of Property Development Division in Scandinavia at the Company from 2007. Before that, he served as Executive Vice President and Chief Financial Officer of the Company between May 2001 and 2007. Prior to joining the Company in 2001, he was General Secretary at The Association for the Promotion of Skiing from 1997 until 2001. Earlier in his career, he worked in various positions, including Executive Vice President and Chief Financial Officer, Deputy Chief Executive Officer from 1992 to 1997 at ABB CFO at Elektrisk Bureau AS Finance Manager at Elektro Union AS and Treasurer at National Elektro AS . Previously he was Board Member in Anthon B Nilsen AS and Chairman of ABB Asea Skandia AS, ABB Komponent AS, ABB Eiendom AS, ABB Financial Services AS, ABB Pensjonskasse and Project Risk Committee . He holds a Masters degree in Business and Economics from Handelshoyskolen BI from 1981 and a MBA degree from the University of Wisconsin from 1982. He also completed International Finance Program at ISNEAD in 1986. since 2013.
Age 61
Tenure 11 years
Professional MarksMBA
Phone47 21 05 50 00
Webhttps://veidekke.com

Veidekke ASA Management Efficiency

The company has return on total asset (ROA) of 0.0526 % which means that it generated a profit of $0.0526 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3956 %, meaning that it generated $0.3956 on every $100 dollars invested by stockholders. Veidekke ASA's management efficiency ratios could be used to measure how well Veidekke ASA manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 762 M in total debt with debt to equity ratio (D/E) of 100.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Veidekke ASA has a current ratio of 1.1, suggesting that it may not have the ability to pay its financial obligations in time and when they become due. Debt can assist Veidekke ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Veidekke 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 Veidekke ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Veidekke to invest in growth at high rates of return. When we think about Veidekke ASA's use of debt, we should always consider it together with cash and equity.

Similar Executives

Found 3 records

CEO Age

Jan HauganAker ASA
N/A
Oyvind EriksenAker ASA
55
Siri BerggreenRomerike Sparebank
55
Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark. The company was founded in 1936 and is headquartered in Oslo, Norway. Veidekke ASA operates under Construction - Industrial And Diversified classification in Norway and is traded on Oslo Stock Exchange. It employs 8461 people. Veidekke ASA (VEI) is traded on Oslo Stock Exchange in Norway and employs 33 people.

Management Performance

Veidekke ASA Leadership Team

Elected by the shareholders, the Veidekke ASA's board of directors comprises two types of representatives: Veidekke ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Veidekke. The board's role is to monitor Veidekke ASA's management team and ensure that shareholders' interests are well served. Veidekke 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, Veidekke ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Lars Skaare, Director, Employee Representative
Hans Srlie, Ex Norway
Ann Gjerdseth, Director
Odd Olsen, Director, Employee Representative
Kristina Andreasson, Ex Branding
Per Dyb, Deputy Chairman of the Board
Terje Larsen, CFO and Executive VP
Daniel Siraj, Director
Arve Fludal, Director, Employee Representative
Anne Thorbjornsen, Executive Vice President for Human Resources and OHS
Jimmy Bengtsson, Executive Vice President Managing Director of Combined Operations in Sweden
Dag Andresen, Executive VP and Managing Director of Veidekke Entreprenør AS
Mats Nystrm, Ex Sweden
Ingolv Hoyland, Director
Arne Giske, CEO and Pres
Martin Maeland, Chairman of the Board of Directors
AnnChristin Andersen, Director
Tone Bachke, Director
Jorgen Porsmyr, Executive Vice President Managing Director of Veidekke Industri AS and Veidekke Eiendom AS
Inge Ramsdal, Director, Employee Representative
Lars Lund, Executive Vice President Communications and Public Affairs
Hans Sorlie, Executive Vice President Building Construction Norway
Charlotta Nilsen, Ex Sweden
Oivind Larsen, Executive Vice President Civil Engineering Norway
Hege Dillner, Executive VP
Annika Billstrom, Director
Svein Brandtzaeg, Chairman of the Board
Anne Thorbjrnsen, Ex Safety
Jrgen Porsmyr, Ex CFO
Jorgen Michelet, Senior Vice President Finance
Gro Bakstad, Director
Ingalill Berglund, Director
Hans Uthmann, Director

Veidekke 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 Veidekke 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Veidekke ASA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Veidekke ASA's short interest history, or implied volatility extrapolated from Veidekke ASA options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veidekke ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Veidekke Stock analysis

When running Veidekke ASA's price analysis, check to measure Veidekke ASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Veidekke ASA is operating at the current time. Most of Veidekke ASA's value examination focuses on studying past and present price action to predict the probability of Veidekke ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veidekke ASA's price. Additionally, you may evaluate how the addition of Veidekke ASA to your portfolios can decrease your overall portfolio volatility.
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Please note, there is a significant difference between Veidekke ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veidekke ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veidekke ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.