William Hoover - GN Store Independent Deputy Chairman of the Board

GGNDF Stock  USD 24.90  0.90  3.49%   

Chairman

Mr. William Ervin Hoover, Jr. was Independent Deputy Chairman of the Board of Directors of GN Store Nord AS since 2008. He joined the Board in 2007 as Independent Director. He is also Member of the Company Remuneration, Nomination and Strategy Committees since 2008.
Age 69
Tenure 16 years
Professional MarksMBA
Phone45 45 75 00 00
Webhttps://www.gn.com
Hoover worked as Director for the management consulting firm McKinsey & Company, mostly in the Nordic region, for approximately 30 years, until July 2007. He serves as Chairman of the Board of Directors of ReD Associates and the GN Store Nord Foundation, as well as Deputy Chairman of the boards of GN Audio A/S and GN Hearing A/S, and as Member of the Boards of Danfoss A/S, Lego Foundation, Neopost SA. He has knowledge from working with industrial and hightech companies in the Nordic region within strategy, organization and M&A. He is experienced with supply chain/operations and has practical experience in helping Nordic multinationals rapidly scale up in emerging markets, especially in China and India. He holds a MBA degree from Harvard University.

GN Store Management Efficiency

The company has return on total asset (ROA) of 0.0376 % which means that it generated a profit of $0.0376 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0875 %, meaning that it generated $0.0875 on every $100 dollars invested by stockholders. GN Store's management efficiency ratios could be used to measure how well GN Store manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 9.87 B in total debt with debt to equity ratio (D/E) of 2.34, implying the company greatly relies on financing operations through barrowing. GN Store Nord has a current ratio of 0.85, 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 GN Store until it has trouble settling it off, either with new capital or with free cash flow. So, GN Store'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 GN Store Nord sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GGNDF to invest in growth at high rates of return. When we think about GN Store's use of debt, we should always consider it together with cash and equity.

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GN Store Nord AS develops, manufactures, and markets audio and video communications solutions for medical, professional, and consumer technology solutions in Denmark, rest of Europe, North America, and internationally. GN Store Nord AS was founded in 1869 and is based in Ballerup, Denmark. Gn Store is traded on OTC Exchange in the United States. GN Store Nord [GGNDF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

GN Store Nord Leadership Team

Elected by the shareholders, the GN Store's board of directors comprises two types of representatives: GN Store inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GGNDF. The board's role is to monitor GN Store's management team and ensure that shareholders' interests are well served. GN Store'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, GN Store's outside directors are responsible for providing unbiased perspectives on the board's policies.
Anne Veyhe, Treasury Relations
Michael Bjergby, VP of IR, Communications, CSR and Treasury
Peter Gormsen, Chief Officer
Peter Justesen, VP of Investor Relations and Treasury
Lars AndersenLange, Head Affairs
Morten Andersen, Director, Employee Representative
Marcus Desimoni, Member of the Executive Management; CFO of GN Store Nord and GN ReSound
Nikolai Bisgaard, Director, Employee Representative
Ronica Wang, Director
Gunther Pausch, Head RD
Aurangzeb Khan, VP Jabra
Leo Larsen, Director, Employee Representative
Ehtisham Rabbani, CEO SteelSeries
Carsten Thomsen, Independent Director
Rene SvendsenTune, Member of the Executive Management Team and Presidentident and CEO of GN Netcom
Anders Hedegaard, Member of the Executive Management Team, CEO of GN ReSound
Jakob Gudbrand, President and CEO of GN Store Nord & GN Hearing, Member of the Executive Management
Gitte Aabo, Chief Hearing
Per WoldOlsen, Independent Chairman of the Board
Wolfgang Reim, Independent Director
Helene Barnekow, Independent Director
Marcus Perathoner, Director, Employee Representative
William Hoover, Independent Deputy Chairman of the Board
Steen Laursen, VP Communication
Brian Pedersen, Chief Officer

GGNDF Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is GN Store 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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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GN Store Nord. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the GN Store Nord information on this page should be used as a complementary analysis to other GN Store's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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Please note, there is a significant difference between GN Store's value and its price as these two are different measures arrived at by different means. Investors typically determine if GN Store is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GN Store'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.