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Novonesis AS Board/Management Information 2016
3377_rns_2016-02-08_6c920207-fcef-4bc6-9ab7-ec5c1d089d8f.pdf
Board/Management Information
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Changes in organizational structure and Executive Leadership Team
Today, Novozymes announces the formation of three divisions: Household Care & Technical Industries, Agriculture & Bioenergy and Food & Beverages. The aim of the organizational change is to enhance Novozymes' ability to deliver more innovation to customers with more speed and commercial impact.
Furthermore, Novozymes wishes to strengthen its technology and market leadership through the establishment of a central Research, Innovation & Supply organization spanning the value chain from discovery to market.
Changes to the Executive Leadership Team
To lead the three divisions, Novozymes has appointed former Vice President of Sales Tina Sejersgård Fanø as Executive Vice President (EVP), Agriculture & Bioenergy; former Vice President of Sales Anders Lund as EVP, Household Care & Technical Industries; and former EVP, Business Operations, Andrew Fordyce, who will transfer into the role of EVP, Food & Beverages.
The three divisions will be supported by one central Research, Innovation & Supply organization headed by COO & EVP Thomas Videbæk and Corporate Functions headed by CFO & EVP Benny D. Loft. Peder Holk Nielsen will continue as CEO & President. As a consequence of the changes to the organizational structure, Per Falholt, Head of R&D, will step down from the Executive Leadership Team. Mr. Falholt will continue at Novozymes in a consulting role on technology scouting with reference to EVP & COO Thomas Videbæk. Thomas Nagy, Head of Supply Operations, will leave Novozymes.
With effect of today, Novozymes' organization and Executive Leadership Team look as follows:
February, 8 2016
Company announcement
No. 3, 2016
Peder Holk Nielsen, President and CEO of Novozymes, comments:
"We can make an even bigger difference with our biological solutions than we do today. We have not unlocked our full growth potential. With this change in structure we aim to deliver more significant innovation to our customers faster and create the agility to act swiftly on market needs. This will further strengthen our technology and market leadership. As a result of the change, Per Falholt and Thomas Nagy will step down from the Executive Leadership Team. I would like to express my gratitude to both of them for their long careers with Novozymes and their outstanding contributions in making Novozymes a world leader in industrial biotechnology."
Rethink Tomorrow
novozymes
Company announcement No. 3, 2016
2/2
The two new members of Novozymes' Executive Leadership Team have both had a long career within the company. Tina Sejersgård Fanø, 47, holds a Master of Science in Chemical Engineering from the Technical University of Denmark, as well as a bachelor's degree in philosophy and education from Copenhagen University, Denmark. Tina Sejersgård Fanø started her career with the company in 1993 and has held various positions within R&D, Marketing, Business Development and Sales. Anders Lund, 42, holds a Master of Science in Economics from Aarhus University, Denmark. Anders Lund started his career with the company in 1999 and has held various leadership positions across Marketing, Sales and as Head of Supply Chain.
Financial implications
Novozymes expects that total costs associated with the reorganization will be DKK 60-70 million. The costs are expected to be realized in Q1 2016 and within the financial outlook provided on January 19, 2016; hence the full-year 2016 outlook remains unchanged as communicated in Company announcement no. 1, 2016.
Contact information
Investor Relations:
| Thomas Bomhoff (DK) | +45 3077 1226 | [email protected] |
|---|---|---|
| Klaus Sindahl (DK) | +45 5363 0134 | [email protected] |
| Martin Riise (USA) | +1 919 649 2565 | [email protected] |
Press and media:
| Johan Melchior | +45 3077 0690 | [email protected] |
|---|---|---|
| Rene Tronborg | +45 3077 2274 | [email protected] |
About Novozymes
Novozymes is the world leader in biological solutions. Together with customers, partners and the global community, we improve industrial performance while preserving the planet's resources and helping build better lives. As the world's largest provider of enzyme and microbial technologies, our bioinnovation enables higher agricultural yields, low-temperature washing, energy-efficient production, renewable fuel and many other benefits that we rely on today and in the future. We call it Rethink Tomorrow. www.novozymes.com
Novozymes A/S CVR number: 55 00 71 27
Rethink Tomorrow
Novozymes A/S
Krogshojejy 36
2880 Bagsvaerd
Denmark
Phone: +45 4446 0000
novozymes