Tomra Systems Management
Management criteria checks 3/4
Tomra Systems' CEO is Tove Andersen, appointed in Aug 2021, has a tenure of 2.75 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 $492.00K. The average tenure of the management team and the board of directors is 3.3 years and 3.5 years respectively.
Key information
Tove Andersen
Chief executive officer
kr9.5m
Total compensation
| CEO salary percentage | 51.1% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.01% |
| Management average tenure | 3.3yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | kr588m |
| Dec 31 2023 | n/a | n/a | kr697m |
| Sep 30 2023 | n/a | n/a | kr972m |
| Jun 30 2023 | n/a | n/a | kr1b |
| Mar 31 2023 | n/a | n/a | kr1b |
| Dec 31 2022 | kr9m | kr5m | kr1b |
| Sep 30 2022 | n/a | n/a | kr950m |
| Jun 30 2022 | n/a | n/a | kr1b |
| Mar 31 2022 | n/a | n/a | kr1b |
| Dec 31 2021 | kr7m | kr2m | kr1b |
Compensation vs Market: Tove's total compensation ($USD871.48K) is below average for companies of similar size in the US market ($USD6.66M).
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)
2.8yrs
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 |
|---|---|---|---|---|
| President & CEO | 2.8yrs | kr9.47m | 0.013% NOK 492.0k | |
| Chief Financial Officer | 2.2yrs | kr3.27m | 0.0022% NOK 86.9k | |
| Executive VP & Head of Tomra Food | 20.3yrs | kr7.45m | 0.031% NOK 1.2m | |
| Executive VP & Head of Recycling | 4.6yrs | kr8.94m | 0.011% NOK 434.6k | |
| Executive VP & Head of Group Strategy | 2.2yrs | kr3.38m | 0.00099% NOK 38.4k | |
| Director of Investor Relations | 3.8yrs | no data | no data | |
| VP & Head of TOMRA Group Compliance | no data | no data | no data | |
| Global Sales & Marketing Director | 6.9yrs | no data | no data | |
| Executive Vice President of People & Organization | 1.1yrs | no data | 0.0014% NOK 55.1k | |
| VP & Head of Collection Solutions Asia | 3.8yrs | no data | no data | |
| Senior Vice President of Marketing & Communications | no data | no data | no data | |
| Executive VP & Head of Collection | less than a year | no data | no data |
3.3yrs
Average Tenure
52yo
Average Age
Experienced Management: TMRA.Y's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 11.1yrs | kr593.29k | 0.0012% NOK 46.2k | |
| Independent Director | 5yrs | kr572.68k | 0.0018% NOK 68.3k | |
| Chairperson | 2.1yrs | kr515.00k | 0.0024% NOK 92.0k | |
| Independent Director | 5yrs | kr582.68k | 0.0016% NOK 61.3k | |
| Independent Director | 10.3yrs | kr623.73k | 0.0012% NOK 46.2k | |
| Employee Elected Director | 1.3yrs | no data | no data | |
| Employee Elected Director | 1.3yrs | no data | no data | |
| Employee Elected Director | 1.3yrs | no data | 0.00028% NOK 10.9k |
3.5yrs
Average Tenure
55.5yo
Average Age
Experienced Board: TMRA.Y's board of directors are considered experienced (3.5 years average tenure).