DSM provides update on Nutrition organization to support growth
May 03 2016 - 2:15AM
|
Royal
DSM
media.contacts@dsm.com
www.dsm.com |
Royal DSM, a global science-based
company active in health, nutrition and materials, today provides
an update on the development of its Nutrition organization and
several key positions to further support its growth plans.
In November 2015, DSM presented its Strategy 2018:
Driving Profitable Growth. Key elements of the
strategy for its Nutrition business are market-focused growth with
global products and local solutions; continued innovation resulting
in new ingredients, forms and custom-tailored premixes; expansion
in new segments and geographies; as well as productivity
improvements and cost reductions. As announced, the Nutrition
strategy is designed to result in sales growth above the average
market growth, with high single digit percentage EBITDA growth, an
EBITDA margin of 18-20% and a high double digit basis point ROCE
growth.
As part of the further execution of this strategy,
DSM Nutritional Products has established a Global Products &
Strategic Alliances Group under the leadership of André Bos, which
includes product and category management as well as large,
cross-industry business development programs. During 2015, under
the leadership of Hans-Christian Ambjerg, the innovation efforts
were further focused on a core number of technology and
product/application platforms. Following a successful period of
interim management by André Bos, the Human Nutrition & Health
business will be led by Jeremy (Jinghuai) Xu, who recently joined
from DuPont. DSM has also further strengthened the global sales
organization at Human Nutrition & Health, especially in North
America. The Animal Nutrition & Health business will be led by
David Blakemore, who recently joined from Dow. David will build
further on the great growth trajectory put in place by Mark Stock,
who will be retiring in the autumn after an impressive 36-year
career. The company's ambitious growth plans for its Personal Care
& Aroma Ingredients business will continue to be led by Wilfrid
Gambade. In all three Nutritional Products businesses, DSM has
developed a clear road map for further growth through global
products, local solutions and strengthened customer management.
DSM Nutritional Products' manufacturing and
purchasing operations continue to be led by Luca Rosetto and remain
focused on delivering important productivity improvements and cost
reductions. Christian Nilsson joined the company from Tyco in the
autumn of 2015, when he became the new CFO for DSM Nutritional
Products, while Human Resources continues to be led by Jacoline van
Blokland. Together with Philip Eykerman, DSM's Executive Vice
President Corporate Strategy, these key individuals are part of the
Executive Leadership Team of DSM Nutritional Products, led by Chris
Goppelsroeder, President and CEO of DNP and also a member of the
DSM Executive Committee.
DSM Food Specialties, active in bio-based
ingredients such as enzymes, cultures, food preservation
ingredients, and savory flavors, led by Ilona Haaijer, is executing
its ambitious growth plans. The texturizing/hydrocolloids
businesses, which are run from China, are also progressing
well.
Feike Sijbesma, CEO Royal DSM said: "I am convinced that the Nutrition organization, under the
leadership of DSM Board Member Stephan Tanda and DNP President and
CEO Chris Goppelsroeder, is well prepared to capture the attractive
market growth opportunities for its businesses and to deliver on
its communicated goals."
DSM - Bright Science. Brighter
Living.(TM)
Royal DSM is a global science-based company active in health,
nutrition and materials. By connecting its unique competences in
life sciences and materials sciences DSM is driving economic
prosperity, environmental progress and social advances to create
sustainable value for all stakeholders simultaneously. DSM delivers
innovative solutions that nourish, protect and improve performance
in global markets such as food and dietary supplements, personal
care, feed, medical devices, automotive, paints, electrical and
electronics, life protection, alternative energy and bio-based
materials. DSM and its associated companies deliver annual net
sales of about €10 billion with approximately 25,000
employees. The company is listed on Euronext Amsterdam. More
information can be found at www.dsm.com.
Or find us on:
For more information:
Media
Relations
Stephen Hufton
tel. +31 (0) 45 5787029
e-mail media.contacts@dsm.com |
Investor
Relations
Dave Huizing
tel. +31 (0) 45 5782864
e-mail investor.relations@dsm.com |
Press release-pdf
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: DSM N.V. via Globenewswire
HUG#2009006
BNY Mellon Strategic Mun... (NYSE:DSM)
Historical Stock Chart
From Sep 2024 to Oct 2024
BNY Mellon Strategic Mun... (NYSE:DSM)
Historical Stock Chart
From Oct 2023 to Oct 2024