Sector News

Novozymes CFO steps down

June 16, 2017
Energy & Chemical Value Chain

Novozymes today announces that Benny D. Loft, Executive Vice President and CFO, Corporate Functions, will step down and leave the company. After many successful years at Novozymes, Benny D. Loft and the Board of Directors have mutually agreed that now is the right time for a change – in the interests of both parties.

Chairman of the Board of Directors Jørgen Buhl Rasmussen and President & CEO Peder Holk Nielsen comment: “It has been mutually agreed between the Board of Directors and Benny that, having been part of Novozymes’ successful demerger from Novo Nordisk, and having been with Novozymes for some 17 years, including more than 10 years as EVP and CFO, the time has come for a change for both parties. We’d like to thank Benny for his leadership, steady course and significant contributions to the development of Novozymes, and wish him every success in the future.”

EVP & CFO, Corporate Functions Benny D. Loft says: “Novozymes is a fantastic company with a great past and future. It’s been an honor to work here for 17 years and to serve as CFO during a period where we have grown our business and profit significantly to the benefit of our employees and other stakeholders. However, I believe now is the right time for a change, both for the Company and for me personally. I shall miss the great colleagues, partners and investors, and I will continue to follow Novozymes with interest.”

The search for a successor has begun. Benny has agreed to be available until September 1, 2017.

This change to the Executive Leadership Team has no impact on the financial outlook for 2017.

Source: Novozymes

comments closed

Related News

July 14, 2024

Europe ethylene spot prices turn firmer on demand, feedstock, looming cracker turnarounds

Energy & Chemical Value Chain

European ethylene spot prices have firmed week on week on the back of better-than-expected demand amid higher feedstock values and an increasing focus on upcoming planned cracker maintenance outages. Spot deals this week have been reported at discounts of 32-35% on the pipeline, prior deals had been at discounts of around 38-39%.

July 14, 2024

Marcel Imwinkelried appointed new Siegfried CEO

Energy & Chemical Value Chain

He will succeed Reto Suter, who has led the Siegfried Group as CEO ad interim since the departure of Wolfgang Wienand on May 1, 2024. Suter will now focus on his role as Chief Financial Officer for Siegfried. Wienand will become CEO of Swiss competitor Lonza.

July 14, 2024

Honeywell acquires Air Products’ LNG technology, business for $1.8B

Energy & Chemical Value Chain

Honeywell Inc. (Charlotte, North Carolina) has reached agreement to acquire Air Products’ (Leigh Valley, Pennsylvania) liquefied natural gas process technology and equipment business for $1.81 billion. The deal is expected to close before the end of the year. The price represents a multiple of 13 times the unit’s estimated 2024 EBITDA.

How can we help you?

We're easy to reach