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Basic Materials - Chemicals - Specialty - NYSE - US
$ 36.46
-2.93 %
$ 739 M
Market Cap
10.36
P/E
1. INTRINSIC VALUE

Koppers Holdings Inc. provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC). The RUPS segment procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings. It also provides rail joint bars to join rails together for railroads; transmission and distribution poles for electric and telephone utilities; and pilings. This segment also provides railroad services, such as engineering, design, repair, and inspection services for railroad bridges.[ Read More ]

The intrinsic value of one KOP stock under the base case scenario is HIDDEN Compared to the current market price of 36.5 USD, Koppers Holdings Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart KOP

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FINANCIALS
2.15 B REVENUE
8.77%
195 M OPERATING INCOME
41.76%
89.2 M NET INCOME
41.14%
146 M OPERATING CASH FLOW
42.82%
-116 M INVESTING CASH FLOW
-1.05%
2.6 M FINANCING CASH FLOW
-45.83%
554 M REVENUE
-1.58%
49.7 M OPERATING INCOME
-11.57%
19 M NET INCOME
-29.10%
29.8 M OPERATING CASH FLOW
9.56%
-12.8 M INVESTING CASH FLOW
88.95%
-23.2 M FINANCING CASH FLOW
-26.19%
Balance Sheet Decomposition Koppers Holdings Inc.
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Current Assets 699 M
Cash & Short-Term Investments 66.5 M
Receivables 202 M
Other Current Assets 430 M
Non-Current Assets 1.14 B
Long-Term Investments 0
PP&E 722 M
Other Non-Current Assets 414 M
Current Liabilities 326 M
Accounts Payable 203 M
Short-Term Debt 50.8 M
Other Current Liabilities 72.2 M
Non-Current Liabilities 1.01 B
Long-Term Debt 903 M
Other Non-Current Liabilities 104 M
EFFICIENCY
Earnings Waterfall Koppers Holdings Inc.
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Revenue 2.15 B
Cost Of Revenue 1.79 B
Gross Profit 367 M
Operating Expenses 174 M
Operating Income 195 M
Other Expenses 106 M
Net Income 89.2 M
RATIOS
17.02% GROSS MARGIN
17.02%
9.06% OPERATING MARGIN
9.06%
4.14% NET MARGIN
4.14%
17.88% ROE
17.88%
4.86% ROA
4.86%
10.33% ROIC
10.33%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Koppers Holdings Inc.
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Net Income 89.2 M
Depreciation & Amortization 57 M
Capital Expenditures -120 M
Stock-Based Compensation 17.3 M
Change in Working Capital -26.4 M
Others -400 K
Free Cash Flow 25.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Koppers Holdings Inc.
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KOP has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.20% DIVIDEND YIELD
0.07 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Koppers Holdings Inc.
image
Sold
0-3 MONTHS
966 K USD 3
3-6 MONTHS
786 K USD 2
6-9 MONTHS
6.61 M USD 5
9-12 MONTHS
6.22 M USD 5
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
5 days ago
Nov 12, 2024
Sell 153 K USD
BALL M LEROY
CEO
- 4045
37.85 USD
4 days ago
Nov 13, 2024
Sell 155 K USD
BALL M LEROY
CEO
- 4102
37.81 USD
5 days ago
Nov 12, 2024
Sell 36.5 K USD
BALL M LEROY
CEO
- 955
38.22 USD
5 days ago
Nov 12, 2024
Sell 112 K USD
Pearce Bradley A
Chief Accounting Officer
- 3000
37.19 USD
2 months ago
Aug 29, 2024
Sell 146 K USD
BALL M LEROY
CEO
- 3803
38.35 USD
2 months ago
Aug 27, 2024
Sell 156 K USD
BALL M LEROY
CEO
- 4000
39.06 USD
2 months ago
Aug 19, 2024
Sell 208 K USD
Dowd Joseph P
VP, Zero Harm
- 5516
37.72 USD
4 months ago
Jun 20, 2024
Sell 90 K USD
BALL M LEROY
CEO
- 2265
39.73 USD
5 months ago
Jun 06, 2024
Sell 109 K USD
BALL M LEROY
CEO
- 2500
43.69 USD
5 months ago
Jun 07, 2024
Sell 106 K USD
BALL M LEROY
CEO
- 2500
42.45 USD
5 months ago
May 28, 2024
Sell 106 K USD
BALL M LEROY
CEO
- 2491
42.36 USD
5 months ago
May 24, 2024
Sell 108 K USD
BALL M LEROY
CEO
- 2500
43.13 USD
5 months ago
May 28, 2024
Sell 387 USD
BALL M LEROY
CEO
- 9
42.98 USD
6 months ago
May 17, 2024
Sell 262 K USD
Dowd Joseph P
VP, Zero Harm
- 5900
44.45 USD
6 months ago
May 17, 2024
Sell 4.52 K USD
Dowd Joseph P
VP, Zero Harm
- 100
45.21 USD
7 months ago
Mar 21, 2024
Sell 604 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 11246
53.75 USD
7 months ago
Mar 21, 2024
Sell 355 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 6598
53.77 USD
7 months ago
Mar 21, 2024
Sell 74.4 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 1364
54.52 USD
7 months ago
Mar 21, 2024
Sell 174 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 3195
54.51 USD
8 months ago
Mar 06, 2024
Sell 8.81 K USD
Washington Kevin
VP, External Relations
- 170
51.84 USD
8 months ago
Mar 06, 2024
Sell 44.3 K USD
Washington Kevin
VP, External Relations
- 843
52.54 USD
8 months ago
Mar 06, 2024
Sell 16.5 K USD
Washington Kevin
VP, External Relations
- 310
53.12 USD
8 months ago
Mar 06, 2024
Sell 68 K USD
Dowd Joseph P
VP, Zero Harm
- 1300
52.32 USD
8 months ago
Mar 05, 2024
Sell 65.9 K USD
Sullivan James A.
President and COO
- 1245
52.93 USD
8 months ago
Mar 05, 2024
Sell 49.7 K USD
Sullivan James A.
President and COO
- 938
52.95 USD
8 months ago
Mar 05, 2024
Sell 43.9 K USD
Sullivan James A.
President and COO
- 830
52.91 USD
8 months ago
Mar 05, 2024
Sell 27.8 K USD
Sullivan James A.
President and COO
- 525
52.96 USD
8 months ago
Mar 05, 2024
Sell 40.5 K USD
Sullivan James A.
President and COO
- 765
52.91 USD
8 months ago
Mar 05, 2024
Sell 447 K USD
Sullivan James A.
President and COO
- 8367
53.45 USD
8 months ago
Mar 05, 2024
Sell 246 K USD
Sullivan James A.
President and COO
- 4614
53.39 USD
8 months ago
Mar 05, 2024
Sell 312 K USD
Sullivan James A.
President and COO
- 5829
53.46 USD
8 months ago
Mar 05, 2024
Sell 398 K USD
Sullivan James A.
President and COO
- 7446
53.46 USD
8 months ago
Mar 05, 2024
Sell 270 K USD
Sullivan James A.
President and COO
- 5052
53.45 USD
8 months ago
Mar 05, 2024
Sell 27 K USD
Sullivan James A.
President and COO
- 500
54.04 USD
8 months ago
Mar 05, 2024
Sell 21.6 K USD
Sullivan James A.
President and COO
- 400
54.01 USD
8 months ago
Mar 05, 2024
Sell 16 K USD
Sullivan James A.
President and COO
- 296
54.03 USD
8 months ago
Mar 06, 2024
Sell 263 K USD
BALL M LEROY
CEO
- 4970
52.83 USD
8 months ago
Mar 06, 2024
Sell 1.6 K USD
BALL M LEROY
CEO
- 30
53.43 USD
8 months ago
Mar 06, 2024
Sell 125 K USD
BALL M LEROY
CEO
- 2362
52.97 USD
8 months ago
Mar 04, 2024
Sell 5.4 K USD
Sullivan James A.
President and COO
- 100
54.01 USD
8 months ago
Mar 05, 2024
Sell 38.5 K USD
BALL M LEROY
CEO
- 727
52.9 USD
8 months ago
Mar 05, 2024
Sell 282 K USD
BALL M LEROY
CEO
- 5276
53.47 USD
8 months ago
Mar 04, 2024
Sell 268 K USD
BALL M LEROY
CEO
- 5000
53.51 USD
8 months ago
Mar 05, 2024
Sell 5.4 K USD
BALL M LEROY
CEO
- 100
54 USD
8 months ago
Mar 04, 2024
Sell 51.4 K USD
Dowd Joseph P
VP, Zero Harm
- 956
53.74 USD
8 months ago
Mar 04, 2024
Sell 43.7 K USD
Dowd Joseph P
VP, Zero Harm
- 816
53.56 USD
8 months ago
Mar 04, 2024
Sell 91.9 K USD
Dowd Joseph P
VP, Zero Harm
- 1716
53.57 USD
8 months ago
Mar 05, 2024
Sell 695 K USD
Dowd Joseph P
VP, Zero Harm
- 13001
53.47 USD
8 months ago
Mar 05, 2024
Sell 48.4 K USD
Dowd Joseph P
VP, Zero Harm
- 896
54.02 USD
8 months ago
Mar 01, 2024
Sell 105 K USD
Sullivan James A.
President and COO
- 1929
54.4 USD
8 months ago
Mar 01, 2024
Sell 201 K USD
Sullivan James A.
President and COO
- 3687
54.42 USD
8 months ago
Mar 01, 2024
Sell 66.1 K USD
Sullivan James A.
President and COO
- 1215
54.41 USD
8 months ago
Mar 01, 2024
Sell 83.3 K USD
Sullivan James A.
President and COO
- 1530
54.43 USD
8 months ago
Mar 01, 2024
Sell 69.3 K USD
Sullivan James A.
President and COO
- 1275
54.33 USD
8 months ago
Mar 01, 2024
Sell 11 K USD
Sullivan James A.
President and COO
- 198
55.59 USD
8 months ago
Mar 01, 2024
Sell 5.52 K USD
Sullivan James A.
President and COO
- 100
55.16 USD
8 months ago
Mar 01, 2024
Sell 13.8 K USD
Sullivan James A.
President and COO
- 250
55.19 USD
8 months ago
Mar 01, 2024
Sell 16.6 K USD
Sullivan James A.
President and COO
- 300
55.22 USD
8 months ago
Mar 01, 2024
Sell 12.7 K USD
Sullivan James A.
President and COO
- 230
55.39 USD
8 months ago
Mar 01, 2024
Sell 11 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 200
55 USD
8 months ago
Mar 01, 2024
Sell 11.6 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 210
55.08 USD
8 months ago
Mar 01, 2024
Sell 729 USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 13
56.09 USD
8 months ago
Mar 01, 2024
Sell 1.4 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 25
56.05 USD
8 months ago
Mar 01, 2024
Sell 281 K USD
Dowd Joseph P
VP, Zero Harm
- 5271
53.27 USD
8 months ago
Mar 01, 2024
Sell 217 K USD
Dowd Joseph P
VP, Zero Harm
- 4070
53.3 USD
8 months ago
Mar 01, 2024
Sell 191 K USD
Dowd Joseph P
VP, Zero Harm
- 3579
53.3 USD
8 months ago
Mar 01, 2024
Sell 29.3 K USD
Dowd Joseph P
VP, Zero Harm
- 542
54.11 USD
8 months ago
Mar 01, 2024
Sell 17.7 K USD
Dowd Joseph P
VP, Zero Harm
- 326
54.29 USD
8 months ago
Mar 01, 2024
Sell 12.3 K USD
Dowd Joseph P
VP, Zero Harm
- 226
54.24 USD
8 months ago
Mar 01, 2024
Sell 26.3 K USD
Dowd Joseph P
VP, Zero Harm
- 486
54.07 USD
10 months ago
Dec 20, 2023
Sell 345 K USD
BALL M LEROY
President and CEO
- 7000
49.27 USD
10 months ago
Dec 20, 2023
Sell 49.8 K USD
Pearce Bradley A
Chief Accounting Officer
- 1000
49.824 USD
11 months ago
Dec 14, 2023
Sell 118 K USD
Dowd Joseph P
VP, Zero Harm
- 2600
45.33 USD
11 months ago
Dec 14, 2023
Sell 26.7 K USD
Sullivan James A.
Ex. VP Chief Operating Officer
- 594
45.01 USD
11 months ago
Dec 12, 2023
Sell 17.6 K USD
Sullivan James A.
Ex. VP Chief Operating Officer
- 397
44.29 USD
11 months ago
Dec 13, 2023
Sell 967 K USD
Sullivan James A.
Ex. VP Chief Operating Officer
- 21866
44.22 USD
11 months ago
Dec 11, 2023
Sell 167 K USD
Sullivan James A.
Ex. VP Chief Operating Officer
- 3781
44.09 USD
11 months ago
Dec 08, 2023
Sell 703 K USD
Sullivan James A.
Ex. VP Chief Operating Officer
- 15901
44.22 USD
11 months ago
Dec 06, 2023
Sell 93 K USD
Sullivan James A.
Ex. VP Chief Operating Officer
- 2067
44.99 USD
11 months ago
Dec 07, 2023
Sell 646 K USD
Sullivan James A.
Ex. VP Chief Operating Officer
- 14542
44.43 USD
11 months ago
Dec 05, 2023
Sell 792 K USD
Sullivan James A.
Ex. VP Chief Operating Officer
- 17544
45.15 USD
11 months ago
Dec 01, 2023
Sell 400 K USD
BALL M LEROY
President and CEO
- 9000
44.42 USD
11 months ago
Dec 01, 2023
Sell 185 K USD
BALL M LEROY
President and CEO
- 4102
45 USD
11 months ago
Nov 29, 2023
Sell 14.1 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 313
45.01 USD
11 months ago
Nov 29, 2023
Sell 32.6 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 724
45.04 USD
11 months ago
Nov 29, 2023
Sell 18.5 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 410
45.03 USD
11 months ago
Nov 30, 2023
Sell 387 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 8587
45.11 USD
11 months ago
Nov 30, 2023
Sell 218 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 4824
45.12 USD
1 year ago
Nov 17, 2023
Sell 223 K USD
Dowd Joseph P
VP, Zero Harm
- 5250
42.46 USD
1 year ago
Nov 15, 2023
Sell 357 K USD
BALL M LEROY
President and CEO
- 8327
42.83 USD
1 year ago
Nov 15, 2023
Sell 36.5 K USD
BALL M LEROY
President and CEO
- 840
43.5 USD
1 year ago
Nov 14, 2023
Sell 422 K USD
BALL M LEROY
President and CEO
- 10000
42.24 USD
1 year ago
Sep 18, 2023
Sell 361 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 8967
40.31 USD
1 year ago
Sep 18, 2023
Sell 61.7 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 1485
41.52 USD
1 year ago
Sep 01, 2023
Sell 94 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 2351
40 USD
1 year ago
Aug 30, 2023
Sell 77.2 K USD
BALL M LEROY
President and CEO
- 2000
38.5908 USD
1 year ago
Aug 07, 2023
Sell 115 K USD
Pearce Bradley A
Chief Accounting Officer
- 2998
38.45 USD
1 year ago
Aug 01, 2023
Sell 158 K USD
Hyde Leslie S
SVP, Chief Sustainability Offi
- 4096
38.56 USD
1 year ago
Jun 06, 2023
Sell 480 K USD
Dowd Joseph P
Global VP, Zero Harm
- 15265
31.42 USD
1 year ago
Mar 27, 2023
Bought 983 USD
Skrovanek Daniel J
VP, Growth & Innovation
+ 30.066
32.701 USD
1 year ago
Mar 27, 2023
Bought 186 USD
JENSEN TRACI L
Director
+ 5.68
32.699 USD
2 years ago
May 20, 2022
Sell 59.2 K USD
Feng Xudong
director:
- 2430
24.37 USD
2 years ago
Mar 18, 2022
Sell 29.5 K USD
Pearce Bradley A
Chief Accounting Officer
- 1000
29.46 USD
7. News
Koppers Earnings Trounce Estimates, Revenues Fall Short in Q3 KOP's Railroad and Utility Products and Services segment delivers record sales on higher pricing in Q3. zacks.com - 3 days ago
Wall Street Analysts See a 70.05% Upside in Koppers (KOP): Can the Stock Really Move This High? The mean of analysts' price targets for Koppers (KOP) points to a 70.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock. zacks.com - 3 days ago
Are Investors Undervaluing Koppers (KOP) Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 3 days ago
Koppers (KOP) Is Attractively Priced Despite Fast-paced Momentum Koppers (KOP) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices. zacks.com - 3 days ago
Koppers Indicates For A Flat 2025, And I Wait For Lower Prices Koppers' 3Q24 results show stable business segments, with RUPS expected to grow in 2025, while PC and CMC face challenges. Management forecasts flat sales and improved margins for 2025, with RUPS driving revenue and profitability recovery. Valuation remains fair, with a cycle-average yield of 10%, making KOP a Hold, pending potential dips for long-term opportunities. seekingalpha.com - 4 days ago
Koppers Holdings Inc. (KOP) Q3 2024 Earnings Call Transcript Koppers Holdings Inc. (NYSE:KOP ) Q3 2024 Earnings Conference Call November 8, 2024 11:00 AM ET Company Participants Quynh McGuire – Vice President-Investor Relations Leroy Ball – Chief Executive Officer Jimmi Sue Smith – Chief Financial Officer Conference Call Participants Gary Prestopino – Barrington Research David Marsh – Singular Research Operator Good morning, ladies and gentlemen. Thank you for standing by. seekingalpha.com - 1 week ago
Koppers (KOP) Reports Q3 Earnings: What Key Metrics Have to Say Although the revenue and EPS for Koppers (KOP) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com - 1 week ago
Koppers (KOP) Surpasses Q3 Earnings Estimates Koppers (KOP) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.32 per share a year ago. zacks.com - 1 week ago
Koppers Reports Third Quarter 2024 Results; Reaffirms 2024 Outlook Record Third Quarter Sales of $554.3 Million vs. $550.4 Million in Prior Year Quarter Third Quarter Diluted EPS of $1.09 vs. prnewswire.com - 1 week ago
Koppers Holdings Inc. Declares Quarterly Cash Dividend PITTSBURGH , Nov. 7, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that its Board of Directors has declared a quarterly cash dividend of $0.07 per share of Koppers common stock.  The dividend is payable on December 16, 2024, to shareholders of record as of the close of trading on November 29, 2024. prnewswire.com - 1 week ago
Koppers Holdings Inc. Schedules Third Quarter 2024 Conference Call PITTSBURGH , Oct. 25, 2024 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company plans to release its financial results for the third quarter of 2024 before the market opens on Friday, November 8, 2024, and discuss its outlook on a conference call later that day at 11:00 a.m. Eastern Time. prnewswire.com - 3 weeks ago
Fuller & Thaler Asset Management's Strategic Reduction in Koppers Holdings Inc. On September 30, 2024, Fuller & Thaler Asset Management, Inc., a renowned investment management firm, executed a significant transaction involving the sale of 870,902 shares of Koppers Holdings Inc. (KOP, Financial). This move marked a reduction in their holdings, adjusting their position in the company to 1,192,580 shares. gurufocus.com - 1 month ago
8. Profile Summary

Koppers Holdings Inc. KOP

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COUNTRY US
INDUSTRY Chemicals - Specialty
MARKET CAP $ 739 M
Dividend Yield 0.20%
Description Koppers Holdings Inc. provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC). The RUPS segment procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings. It also provides rail joint bars to join rails together for railroads; transmission and distribution poles for electric and telephone utilities; and pilings. This segment also provides railroad services, such as engineering, design, repair, and inspection services for railroad bridges. The PC segment develops, manufactures, and markets copper-based wood preservatives, including micronized copper azole, micronized pigments, alkaline copper quaternary, amine copper azole, and chromated copper arsenate for decking, fencing, utility poles, construction lumber and timbers, and various agricultural uses; and supplies fire-retardant chemicals for pressure treatment of wood primarily in commercial construction. The CMC segment manufactures creosote for the treatment of wood or as a feedstock in the production of carbon black; carbon pitch, a raw material used in the production of aluminum and steel; naphthalene for use as a feedstock in the production of phthalic anhydride and as a surfactant in the production of concrete; phthalic anhydride for the production of plasticizers, polyester resins, and alkyd paints; and carbon black feedstock for use in the production of carbon black. The company serves the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction industries. Koppers Holdings Inc. was founded in 1988 and is headquartered in Pittsburgh, Pennsylvania.
Contact 436 Seventh Avenue, Pittsburgh, PA, 15219-1800 https://www.koppers.com
IPO Date Feb. 1, 2006
Employees 2108
Officers Ms. Leslie S. Hyde Senior Vice President & Chief Sustainability Officer of Koppers Inc. Ms. Jimmi Sue Smith Chief Financial Officer Ms. Quynh T. McGuire Vice President of Investor Relations Mr. Bradley A. Pearce Chief Accounting Officer Mr. Christian A. Nielsen Senior Vice President of Global Carbon Materials & Chemicals Mr. Leroy Mangus Ball Jr. Chief Executive Officer & Director Mr. James A. Sullivan President & Chief Operating Officer Ms. Jessica Franklin Manager of Corporate Communications, Branding & Giving Mr. Douglas J. Fenwick President of Koppers Performance Chemicals Ms. Stephanie L. Apostolou General Counsel & Secretary