Novozymes CEO to step down
Enzymes producer, Novozymes, announced mid-October that its chief executive, Peder Holk Nielsen, would step down early next year, stressing it was time to “bring in new leadership”.
“Novozymes has been challenged in recent years and needs to deliver higher revenue growth,” added the company.
Holk Nielsen will continue in his role as CEO of the company until a successor is in place, which will most likely be in early 2020, said its Board of Directors.
The CEO commented on the development: “After 35 years with Novozymes and 25 years as a member of the executive team, I feel I have done what I can for the company and that this is a good time to let others take over. I am very excited about Novozymes’ position today, our global reach to customers and our technology."