Anova Welcomes Matthew Toone as CEO

New Providence, N.J. (July 25, 2022) — Anova announced that Matthew “Matt” Toone has been appointed CEO. An experienced and entrepreneurial business leader, Toone succeeds Chet Reshamwala and has assumed responsibilities as of July 18.

As founding CEO, Reshamwala led Anova over the past five years to global leadership in remote asset monitoring. After six acquisitions, significant software and product innovation, and the build-out of a deeply experienced global team, Reshamwala is leaving Anova.

“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,” said Martin Carter, Anova chairman.

Toone is a highly entrepreneurial, motivational leader with deep experience in industrial technology markets and product development.

“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 realization of Anova’s potential,” said Carter.

“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,” said Toone.

Toone was previously the CEO of Bacharach, a leader in gas analysis which was acquired by MSA Inc. in 2021. Prior, Toone spent 11 years with Emerson Inc. in a variety of progressive leadership roles, including leading Cooper Atkins, Vilter manufacturing and Sales and Solutions for the group’s Cold Chain platform.

Toone has a bachelor’s degree in computer science from Indiana State University.