Tomra Systems Management
Management criteria checks 2/4
Tomra Systems' CEO is Tove Andersen, appointed in Aug 2021, has a tenure of 3.42 years. total yearly compensation is €1.25M, comprised of 38.6% salary and 61.4% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth €658.23K. The average tenure of the management team and the board of directors is 3.4 years and 2.4 years respectively.
Key information
Tove Andersen
Chief executive officer
€1.2m
Total compensation
| CEO salary percentage | 38.6% |
| CEO tenure | 3.4yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3.4yrs |
| Board average tenure | 2.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | €51m |
| Jun 30 2024 | n/a | n/a | €49m |
| Mar 31 2024 | n/a | n/a | €52m |
| Dec 31 2023 | €1m | €482k | €62m |
| Sep 30 2023 | n/a | n/a | €84m |
| Jun 30 2023 | n/a | n/a | €92m |
| Mar 31 2023 | n/a | n/a | €87m |
| Dec 31 2022 | €903k | €462k | €98m |
| Sep 30 2022 | n/a | n/a | €89m |
| Jun 30 2022 | n/a | n/a | €100m |
| Mar 31 2022 | n/a | n/a | €115m |
| Dec 31 2021 | €735k | €188k | €109m |
Compensation vs Market: Tove's total compensation ($USD1.28M) is below average for companies of similar size in the German market ($USD1.89M).
Compensation vs Earnings: Tove's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Tove Andersen (54 yo)
3.4yrs
Tenure
€1,248,413
Compensation
Ms. Tove Andersen had been Independent Director of Equinor ASA since July 1, 2020 until May 14, 2024. She serves as President and Chief Executive Officer at Tomra Systems ASA since August 16, 2021. Ms. And...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 3.4yrs | €1.25m | 0.017% € 658.2k | |
| Chief Financial Officer | 2.8yrs | €443.64k | 0.0031% € 116.7k | |
| Executive Vice President of People & Organization | 1.8yrs | €708.04k | 0.0028% € 107.6k | |
| Executive VP & Head of Tomra Food | 21yrs | €794.80k | 0.033% € 1.3m | |
| Executive VP & Head of Recycling | 5.3yrs | €961.20k | 0.014% € 537.4k | |
| Executive VP & Head of Group Strategy | 2.8yrs | €402.32k | 0.0020% € 74.5k | |
| Executive VP & Head of Collection | 1.3yrs | €161.23k | 0.0030% € 114.8k | |
| VP & Head of Investor Relations | no data | no data | no data | |
| VP & Head of TOMRA Group Compliance | no data | no data | no data | |
| Global Sales & Marketing Director | 7.6yrs | no data | no data | |
| VP & Head of Collection Solutions Asia | 4.4yrs | no data | no data | |
| Senior Vice President of Marketing & Communications | no data | no data | no data |
3.4yrs
Average Tenure
53yo
Average Age
Experienced Management: TMR0's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | less than a year | no data | 0.0014% € 54.0k | |
| Director | 11.8yrs | €55.17k | 0.0014% € 54.0k | |
| Chairperson | 2.8yrs | €99.57k | 0.0034% € 128.5k | |
| Independent Director | 5.7yrs | €54.73k | 0.0016% € 60.0k | |
| Independent Director | 11yrs | €57.44k | 0.0019% € 71.1k | |
| Employee Elected Director | 2yrs | €11.61k | no data | |
| Employee Elected Director | 2yrs | €11.61k | 0.00012% € 4.6k | |
| Employee Elected Director | less than a year | no data | no data |
2.4yrs
Average Tenure
56yo
Average Age
Experienced Board: TMR0's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 17:34 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tomra Systems ASA is covered by 22 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Glenn Kringhaug | ABG Sundal Collier |
| Kenneth Sivertsen | Arctic Securities ASA |
| Gaurav Jain | Barclays |