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New Novozymes CEO

5:42 AM MST | January 25, 2013

Steen Riisgaard will step down as president and CEO of Novozymes, effective 1 April. He will be replaced by Peder Holk Nielsen, who currently serves as executive v.p./enzyme business at Novozymes. Novozymes, meanwhile, reported a 9% year-on-year increase in revenue for the fourth quarter of 2012, to 2.8 billion Danish kroner ($499 million). Net profit for the quarter stood at DK493 million, 36% above the year-earlier quarter. Fourth-quarter operating profit—Ebit—rose by 35%, to DK671 million, from the same period in the previous...

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