US Markets

Novozymes appoints Ester Baiget from Dow as new CEO

Enzymes maker Novozymes said on Wednesday it had appointed Ester Baiget from Dow as the firm looks to boost its sales growth on the back of several profit warnings.

COPENHAGEN, Oct 30 (Reuters) - Enzymes maker Novozymes NZYMb.CO said on Wednesday it had appointed Ester Baiget from DowDOW.N as the firm looks to boost its sales growth on the back of several profit warnings.

Baiget is currently business president of Dow's Industrial Solutions business unit and will take over the reins at the Danish firm from February 2020.

Novozymes, which has repeatedly cut it 2019 sales outlook, said earlier this month that current CEO Peder Holk Nielsen would step down as it was time to "bring in new leadership".

(Reporting by Andreas Mortensen, editing by Louise Heavens)

((andreas.mortensen@thomsonreuters.com; +45 33 96 96 75;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More