Tom Knutzen, Soren Bjerre-Nielsen to Resign from Danisco
Danisco said on Wednesday that both its CEO Tom Knutzen and CFO Soren Bjerre-Nielsen will resign from June 17 in agreement with U.S chemicals group DuPont. After an uncertain time of negotiation, DuPont was able to win its $6.4 billion battle for Danisco in May, with 92.2% of the Danish food ingredients maker's shares tendered in support of a deal. Shortly after, the company announced it had begun a squeeze-out of minority shareholders .
most read
Orion Announced Plans to Shut Down Carbon Black Plants
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Ratcliffe: Chemical Industry in Europe at a Tipping Point
Ineos CEO Ineos calls on European politicians to save the chemical industry.
BASF Sells Majority Stake in Coatings Business
BASF sells a majority stake in its coatings business to the investor Carlyle.
Novo Nordisk to Cut 9,000 Jobs Globally in Major Restructuring
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Dow to Shut Down Three Upstream European Assets
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.