CEO resigns
Some time ago, CEO Erik Thorsen informed the Board Chair of Tomra Systems ASA that he was considering resigning as chief executive officer. TOMRA has today entered into an agreement with Erik Thorsen that he will leave the company in April 2005.
Board Chair of TOMRA, Jan Chr. Opsahl, says the following in a comment:
"After almost 19 years in the company, of which the last 9 years as CEO, it is on the one hand very sad and on the hand understandable, that Erik Thorsen has decided that the time is right to seek new challenges. The company's revenue during his tenure has increased by 30 times, and the profitability margin in the period has been between 7% and 18%. The company will miss Erik's significant competency level and enormous work capacity. At the same time, with every change come new opportunities.
The Board has initiated a process to find the right candidate to replace Erik Thorsen.
Asker, Norway, 4 February 2005
Jan Chr. Opsahl
Board Chair
Contact information:
Jan Chr. Opsahl, Board Chair; Tele. +47 98 29 00 90
Erik Thorsen, CEO; Tele. +47 66 79 91 00