Tomra Systems taps Tove Andersen to lead reverse vending machine company

Reverse vending machine pioneer Tomra Systems ASA said Tove Andersen will be its next president chief executive. She will succeed the current president and chief, Stefan Ranstrand, at the Norway-based company by Nov. 1. Ranstrand has been at the helm since 2009.

Tove joins Tomra Yare International, a provider of agricultural products and environmental protection agents, where she is presently executive vice president Europe.

Yara, also headquartered in Norway, has a turnover of $12.9 billion and around 16,000 employees, and operations in more than 60 countries.

“I’ve seen the great work that Tomra is doing to enable the circular economy while also ensuring resource responsibility and minimizing waste across the food, recycling and mining industries,” Tove said.

Tomra was founded in 1972 by designing, manufacturing and marketing reverse vending machines (RVMs) for automated collection of used beverage containers.

The company said it has about 100,000 installations in more than 80 markets worldwide, and employs some 4,300 people. It is publicly listed on the Oslo Stock Exchange (OSE) under the symbol TOM.