Tomra Systems Management

Management criteria checks 3/4

Tomra Systems' CEO is Tove Andersen, appointed in Aug 2021, has a tenure of 2.67 years. total yearly compensation is NOK9.47M, comprised of 51.1% salary and 48.9% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth NOK5.16M. The average tenure of the management team and the board of directors is 3.2 years and 3.5 years respectively.

Key information

Tove Andersen

Chief executive officer

kr9.5m

Total compensation

CEO salary percentage	51.1%
CEO tenure	2.7yrs
CEO ownership	0.01%
Management average tenure	3.2yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tove Andersen's remuneration changed compared to Tomra Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr588m
Dec 31 2023	n/a	n/a	kr697m
Sep 30 2023	n/a	n/a	kr972m
Jun 30 2023	n/a	n/a	kr1b
Mar 31 2023	n/a	n/a	kr1b
Dec 31 2022	kr9m	kr5m	kr1b
Sep 30 2022	n/a	n/a	kr950m
Jun 30 2022	n/a	n/a	kr1b
Mar 31 2022	n/a	n/a	kr1b
Dec 31 2021	kr7m	kr2m	kr1b

Compensation vs Market: Tove's total compensation ($USD852.71K) is below average for companies of similar size in the UK market ($USD2.62M).

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 (53 yo)

2.7yrs

Tenure

kr9,471,879

Compensation

Ms. Tove Andersen serves as President and Chief Executive Officer at Tomra Systems ASA since August 16, 2021. Ms. Andersen served as an Executive Vice President of Europe at Yara International since 2020 u...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tove Andersen	President & CEO	2.7yrs	kr9.47m	0.013% NOK 5.2m
Eva Sagemo	Chief Financial Officer	2.1yrs	kr3.27m	0.0022% NOK 911.5k
Harald Henriksen	Executive VP & Head of Tomra Food	20.3yrs	kr7.45m	0.031% NOK 12.6m
Volker Rehrmann	Executive VP & Head of Recycling	4.5yrs	kr8.94m	0.011% NOK 4.6m
Lars Enge	Executive VP & Head of Group Strategy	2.1yrs	kr3.38m	0.00099% NOK 402.9k
Georgiana Radulescu	Director of Investor Relations	3.7yrs	no data	no data
Arnstein Fjeld	VP & Head of TOMRA Group Compliance	no data	no data	no data
Fabrizio Radice	Global Sales & Marketing Director	6.8yrs	no data	no data
Stefan Schrahe	Executive Vice President of People & Organization	less than a year	no data	0.0014% NOK 577.9k
Bing Zhao	VP & Head of Collection Solutions Asia	3.7yrs	no data	no data
Mithu Mohren	Senior Vice President of Marketing & Communications	no data	no data	no data
Marius Fraurud	Executive VP & Head of Collection	less than a year	no data	no data

3.2yrs

Average Tenure

52yo

Average Age

Experienced Management: 0KV7's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bodil Gallon	Director	11yrs	kr593.29k	0.0012% NOK 484.3k
Bjorn Matre	Independent Director	4.9yrs	kr572.68k	0.0018% NOK 716.2k
Johan Hjertonsson	Chairperson	2yrs	kr515.00k	0.0024% NOK 964.4k
Hege Skryseth	Independent Director	4.9yrs	kr582.68k	0.0016% NOK 643.0k
Pierre Couderc	Independent Director	10.3yrs	kr623.73k	0.0012% NOK 484.3k
Kjell Korneliussen	Employee Elected Director	1.3yrs	no data	no data
Pauline Bergan	Employee Elected Director	1.3yrs	no data	no data
Alexander Verlo	Employee Elected Director	1.3yrs	no data	0.00028% NOK 113.9k

3.5yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 0KV7's board of directors are considered experienced (3.5 years average tenure).

Tomra Systems Management

Management criteria checks 3/4

Key information

Recent management updates

Less than half of directors are independent

President & CEO recently bought kr269k worth of stock

Tomra Systems ASA Announces Appointment of Marius Fraurud as New EVP Head of Collection

Tomra Appoints Marius Fraurud as New EVP Head of Collection, 1 October 2023

Tomra Systems ASA Announces Executive Changes

Less than half of directors are independent

Recent updates

First quarter 2024 earnings released: EPS: kr0.05 (vs kr0.42 in 1Q 2023)

Upcoming dividend of kr1.95 per share

Less than half of directors are independent

Full year 2023 earnings released: EPS: kr2.36 (vs kr3.49 in FY 2022)

Investor sentiment improves as stock rises 15%

Dividend of kr1.95 announced

Full year 2023 earnings released: EPS: kr2.36 (vs kr3.49 in FY 2022)

Investor sentiment improves as stock rises 26%

Tomra Systems ASA Proposes Cash Dividend for the Financial Year 2023, Payable from 10 May 2024

Tomra Systems ASA to Report First Half, 2024 Results on Jul 19, 2024

Third quarter 2023 earnings released: EPS: kr0.60 (vs kr0.97 in 3Q 2022)

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 26%

President & CEO recently bought kr269k worth of stock

Tomra Systems ASA Announces Appointment of Marius Fraurud as New EVP Head of Collection

Tomra Appoints Marius Fraurud as New EVP Head of Collection, 1 October 2023

Second quarter 2023 earnings released: EPS: kr1.04 (vs kr0.78 in 2Q 2022)

Tomra Systems ASA Announces Executive Changes

Less than half of directors are independent

First quarter 2023 earnings released: EPS: kr0.42 (vs kr0.48 in 1Q 2022)

Upcoming dividend of kr1.80 per share at 1.1% yield

Full year 2022 earnings released: EPS: kr3.48 (vs kr3.70 in FY 2021)

Tomra Systems ASA to Report Q1, 2023 Results on Apr 28, 2023

Independent Director recently sold kr1.5m worth of stock

Now 21% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: kr0.97 (vs kr1.12 in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Independent Director recently bought kr131k worth of stock

Second quarter 2022 earnings released: EPS: kr0.80 (vs kr0.90 in 2Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Chairperson recently bought kr1.2m worth of stock

Investor sentiment deteriorated over the past week

Upcoming dividend of kr6.00 per share

Tomra Systems ASA Announces to Distribute Special Dividend, Effective April 29, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Tomra Systems ASA Proposes Special Dividend

President & CEO recently bought kr1.0m worth of stock

Third quarter 2021 earnings released: EPS kr2.25 (vs kr1.96 in 3Q 2020)

Insider recently sold kr7.1m worth of stock

Second quarter 2021 earnings released: EPS kr1.91 (vs kr1.37 in 2Q 2020)

Independent Director recently bought kr138k worth of stock

Independent Director recently bought kr116k worth of stock

Tomra Systems ASA Proposes Cash Dividend, Payable on 14 May 2021

Upcoming dividend of kr3.00 per share

First quarter 2021 earnings released: EPS kr0.76 (vs kr0.20 loss in 1Q 2020)

Full year 2020 earnings released

Full year 2020 earnings released: EPS kr5.25 (vs kr5.57 in FY 2019)

Revenue beats expectations

New 90-day high: kr422

Tomra Systems ASA, Annual General Meeting, May 04, 2021

Deputy CEO & CFO recently sold kr9.5m worth of stock

Tomra Systems ASA to Report Q4, 2020 Results on Feb 23, 2021

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

New 90-day high - kr410

New 90-day high - kr382

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure