Enzymes firm Novozymes restructures operation into three divisions

By Vince Bamford contact

- Last updated on GMT

Novozymes is headquartered in Copernhagen and has facilities across the globe
Novozymes is headquartered in Copernhagen and has facilities across the globe

Related tags: Denmark, Management

Enzymes supplier Novozymes is restructuring its business in a move designed to deliver innovation more quickly and with greater commercial impact.

The Danish-headquartered business is creating a central Research, Innovation & Supply operation that will support three divisions: Household Care & Technical Industries, Agriculture & Bioenergy and Food & Beverages.

We can make an even bigger difference with our biological solutions than we do today​,” said Novozymes president and CEO Peder Holk Nielsen. “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​.”

Management shake-up

The restructure is accompanied by a management shake-up that will see Thomas Nagy, head of supply operations, leave Novozymes. Per Falholt, head of R&D, will step down from the executive leadership team but will continue at Novozymes in a consulting role on technology scouting. 

Holk Nielsen thanked Nagy and Falholt for their “long careers with Novozymes and outstanding contributions​”.

The company has promoted two members of staff to the Executive Leadership Team.

Novozymes leadership

With effect today (8 February) Novozymes' organization and Executive Leadership Team is:

  • President & CEO:​ Peder Holk Nielsen
  • Corporate Functions:​ EVP & CFO Benny D. Loft 
  • Research & Supply:​ EVP & COO Thomas Videbæk
  • Agriculture & Bioenergy division:​ EVP Tina Sejersgård Fanø 
  • Food & Beverages division:​ EVP Andrew Fordyce 
  • Household Care & Technical division:​ EVP Anders Lund 

Tina Sejersgård Fanø, who will lead the new Agriculture & Bioenergy division, started her career with the company in 1993 and has held positions within R&D, marketing, business development and sales. She 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

Anders Lund, who will head the Household Care & Technical division, started with the company in 1999 and has held leadership positions across marketing, sales and was head of supply chain. He holds a Master of Science in economics from Aarhus University, Denmark.

Cost of reorganization 

Novozymes expects that total costs associated with the reorganization will be DKK 60-70m ($9-$10.5m). These costs are expected to be realized in Q1 2016, and the company said its full-year 2016 outlook remained unchanged.

Novozymes supplies industrial enzymes, microorganisms, and biopharmaceutical ingredients for applications including bread, beer and wine, animal feed, laundry and dishwashing detergents.

Related topics: Ingredients, Bread, Cakes & Pastries

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