Sector News

Novozymes’ CEO to step down as company looks to rejuvenate sales

October 16, 2019
Chemical Value Chain

Enzymes maker Novozymes, which has repeatedly cut its 2019 sales outlook, said on Tuesday that its chief executive Peder Holk Nielsen would step down early next year as it was time to “bring in new leadership”.

“Novozymes has been challenged in recent years and needs to deliver higher revenue growth,” it said in a statement.

The Danish firm, which among other things has been struggling with a weak U.S. ethanol production after floods in the Midwest this year, said it expected to announce a new CEO within a short period of time.

Shares in the company rose almost 4% in early trade.

By Stine Jacobsen

Source: Reuters

Related News

May 16, 2021

Holistically sustainable alternative for plastics and bioplastics

Chemical Value Chain

The Hamburg-based, female-founded startup traceless materials has developed a holistically sustainable alternative for plastics and bioplastics that is fully compostable in nature, contributing to solve the global plastic pollution.

May 16, 2021

Stora Enso and Pulpex pioneer fiber-based bottle industrialization for competitive prices

Chemical Value Chain

Sohrab Kazemahvazi, senior vice president and head of Stora Enso’s formed fiber business, tells PackagingInsights the partnership aims to create competitive pricing and volumes for fiber-based bottles.

May 16, 2021

Alfa Laval partners with EasyMining to develop new waste-utilization processes

Chemical Value Chain

Alfa Laval’s expertise in mechanical and thermal separation will ensure waste minimization, zero liquid discharge and chemical reuse within EasyMining’s processes.

Send this to a friend