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    Novozymes Changes Organizational Structure and Executive Leadership Team

    08 Feb 2016 --- 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. The three divisions are: 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.

    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.
    FoodIngredientsFirst spoke with Johan Melchior about the changes: "We are making the changes to deliver more significant innovation to our customers faster and increase the agility to act swiftly on market needs – all the way from research to sales."

    Melchior adds: "We are establishing the three divisions, incl. the Food & Beverage division, to create stronger alignment among sales, marketing, technical services and application research. We expect this to lead to stronger customer offerings and innovation."

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    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:
    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
    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.
    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.”
    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.

    To contact our editorial team please email us at editorial@cnsmedia.com


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    Novozymes is the world leader in bioinnovation. Together with customers across a broad array of industries, we create tomorrow’s industrial biosolutions, improving our customers' business and the use of our planet's resources.

    With over 700 products used in 130 countries, Novozymes’ bioinnovations improve industrial performance and safeguard the world’s resources by offering superior and sustainable solutions for tomorrow’s ever-changing marketplace.

    Novozymes’ natural solutions enhance and promote everything, from removing trans fats in food to advancing biofuels to power the world tomorrow. Our never-ending exploration of nature’s potential is evidenced by over 6,000 patents, showing what is possible when nature and technology join forces.

    Our 6,000+ employees working in research, production, and sales around the world are committed to shaping business today and our world tomorrow.

    Novozymes is quoted on NASDAQ OMX Copenhagen A/S.

    With Novozymes’ food solutions, you get reliable quality you can count on. Our effective and natural solutions help prepare your business for tomorrow’s demands.

    • Reduce acrylamide across a wide range of foods with Novozymes Acrylaway®
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