Matthew Toone has been appointed as the new CEO of Anova.

Former CEO of Bacharach, Toone will now lead the global provider of Industrial Internet of Things (IIoT) products, following the departure of Chet Reshamwala.

Reshamwala led Anova over the past five years in remote asset monitoring and saw the build-out of a global team, following six acquisitions and software and product innovation.

Martin Carter, Chairman of Anova, said, “Chet has been a tireless customer advocate, innovator and an inclusive principled leader of Anova.”

“We are grateful for the enormous impact he has had on this company and for his leadership through extraordinary times.”

“He leaves Anova well-positioned to extend its leadership position.”

Taking the reins, Toone joins Anova with entrepreneurial and motivational leadership experience, paired with expertise in industrial technology and product development markets.

Matthew Toone CEO Company pic v2 crop

Source: Anova

Welcoming him to the team, Carter continued, “With a proven track record of market and team development, Matt joins us at an exciting time in Anova’s journey.”

“Having worked with Matt before, I am convinced that his clear and entrepreneurial approach will accelerate the realisation of Anova’s potential.” 

Toone added, “I am thrilled to have the opportunity to lead this unique business. Having followed the impressive progress of Anova and Chet over several years, I look forward to building on the company’s success and extending our industry-leading offering.”