New chairman will select the next CEO of Novozymes

Novozymes has not performed satisfactorily, says the new chairman, who has been given the task of selecting Peder Holk Nielsen's future replacement. The process will be long, yet the main shareholder remains optimistic.

Photo: /ritzau/Carsten Bundgaard/

The new chairman of Novozymes, Jørgen Buhl Rasmussen, has a big task ahead. He is to select a new CEO for the ethanol producer, reports Danish media Børsen.

Meanwhile, the former Carlsberg executive tells media Berlingske that Novozymes has not lived up to expectations with its latest downgrade and the first actual round of layoffs in the company's history, which were recently announeced.

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