Novozymes Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Ester Baiget

Chief executive officer

kr.29.1m

Total compensation

CEO salary percentage	33.3%
CEO tenure	4.2yrs
CEO ownership	n/a
Management average tenure	1.7yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ester Baiget's remuneration changed compared to Novozymes's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr.29m	kr.10m	kr.3b
Sep 30 2023	n/a	n/a	kr.3b
Jun 30 2023	n/a	n/a	kr.3b
Mar 31 2023	n/a	n/a	kr.4b
Dec 31 2022	kr.24m	kr.10m	kr.4b
Sep 30 2022	n/a	n/a	kr.3b
Jun 30 2022	n/a	n/a	kr.3b
Mar 31 2022	n/a	n/a	kr.3b
Dec 31 2021	kr.24m	kr.8m	kr.3b
Sep 30 2021	n/a	n/a	kr.3b
Jun 30 2021	n/a	n/a	kr.3b
Mar 31 2021	n/a	n/a	kr.3b
Dec 31 2020	kr.24m	kr.7m	kr.3b

Compensation vs Market: Ester's total compensation ($USD4.18M) is below average for companies of similar size in the US market ($USD13.52M).

Compensation vs Earnings: Ester's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Ester Baiget (52 yo)

4.2yrs

Tenure

kr.29,100,000

Compensation

Ms. Ester Baiget serves as Chief Executive Officer and President of Novozymes A/S since joining on February 1, 2020. She serves as Member of Supervisory Board at Akzo Nobel N.V. since 2022. She served as t...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ester Baiget	President & CEO	4.2yrs	kr.29.10m	no data
Rainer Lehmann	Executive VP & CFO	less than a year	kr.6.40m	no data
Anders Lund	Chief Operating Officer	less than a year	kr.7.70m	no data
Claus Fuglsang	Chief Scientific Officer	3.6yrs	no data	no data
Tobias Bjorklund	Head of Investor Relations	no data	no data	no data
Winnie Bugel	General Counsel of Legal	less than a year	no data	no data
Tue Micheelsen	Vice President of Global Sales & Marketing	no data	no data	no data
Morten Rasmussen	Executive Vice President of People & Stakeholder Relations	3yrs	no data	no data
Tina Fano	Executive Vice President of Planetary Health Biosolutions	8.2yrs	kr.7.60m	no data
Amy Byrick	Executive Vice President of Human Health Biosolutions	3yrs	no data	no data
Henrik Nielsen	Executive Vice President of Strategy & Integration	less than a year	no data	no data
Jacob Paulsen	Executive Vice President of Food & Beverage Biosolutions	less than a year	no data	no data

1.7yrs

Average Tenure

49.5yo

Average Age

Experienced Management: NVZM.F's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jesper Brandgaard	Vice Chair of the Board	less than a year	no data	no data
Cornelis de Jong	Independent Chairman	4.2yrs	kr.1.78m	0.0011% DKK 281.1k
Kim Stratton	Independent Vice Chair	7.2yrs	kr.1.29m	no data
Kasim Kutay	Director	7.2yrs	kr.803.00k	0.00023% DKK 59.9k
Heine Dalsgaard	Director	4.2yrs	kr.1.07m	0.00065% DKK 169.2k
Lise Kaae	Director	less than a year	no data	no data
Anders Knudsen	Employee Representative Director	11.2yrs	kr.535.00k	no data
Sharon James	Independent Director	4.2yrs	kr.1.07m	no data
Anne Breum	Employee Representative Director	3.1yrs	kr.535.00k	0.00010% DKK 26.0k
Preben Nielsen	Employee Representative Director	3.1yrs	kr.803.00k	0.000090% DKK 23.4k
Jens Obro	Employee Representative Director	3.1yrs	kr.535.00k	0.00012% DKK 31.2k
Morten Otto Sommer	Independent Director	2.1yrs	kr.1.03m	0.00022% DKK 57.3k

3.6yrs

Average Tenure

59yo

Average Age

Experienced Board: NVZM.F's board of directors are considered experienced (3.6 years average tenure).

Novozymes Management

Management criteria checks 2/4

Key information

Recent management updates

Novozymes A/S Announces Board Appointments

Novozymes A/S and Chr. Hansen Announce Executive Leadership Team and Organizational Structure

Novozymes A/S Announces Change to the Executive Leadership Team

Novozymes A/S Announces Jørgen Buhl Rasmussen Decides Not to Seek Re-Election as Member of its Board of Directors

Novozymes A/S Announces Executive Appointments, Effective April 2021

Novozymes A/S Announces Executive Changes

Recent updates

Novozymes A/S Proposes Dividend for the Last Four Months Ended December 31, 2023

Novonesis Provides Earnings Guidance for the Year 2024

Novonesis to Unveil Fit-for-Food Mood-Support Probiotic at Natural Product Expo West

Novozymes A/S Announces Board Appointments

Novozymes A/S to Report First Half, 2024 Results on Aug 28, 2024

Novozymes A/S (CPSE:NZYM B) completed the acquisition of Chr. Hansen Holding A/S (CPSE:CHR).

Novozymes A/S (CPSE:NZYM B) completed the acquisition of Chr. Hansen Holding A/S (CPSE:CHR).

Novozymes A/S to Report Fiscal Year 2023 Final Results on Apr 08, 2024

Novozymes Launches Quara(R) Lowp for Renewable Diesel Feedstock Pre-T Treatment

Novozymes Launches ProSilience™ HU58

Novozymes A/S Approves Interim Dividend, Payable on October 17, 2023

Novozymes A/S and Chr. Hansen Announce Executive Leadership Team and Organizational Structure

Novozymes A/S Announces Change to the Executive Leadership Team

Novozymes A/S Provides Earnings Guidance for the Year 2023

Novozymes A/S Announces Jørgen Buhl Rasmussen Decides Not to Seek Re-Election as Member of its Board of Directors

Novozymes A/S (CPSE:NZYM B) agreed to acquire Chr. Hansen Holding A/S (CPSE:CHR).

Novozymes A/S (CPSE:NZYM B) agreed to acquire Chr. Hansen Holding A/S (CPSE:CHR).

Novozymes A/S Provides Earnings Guidance for the Year 2022

Biotalys Nv and Novozymes A/S Announces Successful Evoca™ Feasibility Study

Novozymes A/S to Report Q3, 2022 Results on Nov 03, 2022

Novozymes A/S Provides Earnings Guidance for the Year 2022

Novozymes A/S to Report First Half, 2023 Results on Aug 09, 2023

Novozymes Extends the Lifetime of Textiles with Sustainable Innovation

Novozymes A/S Raises Full-Year Financial Guidance for 2022

Novozymes A/S Provides Revenue Guidance for 2022

Novozymes A/S (CPSE:NZYM B) completed the acquisition of a 60% stake in Synergia Life Sciences Pvt. Ltd. for DKK 1 billion.

Novozymes A/S Provides Earnings Guidance for the Full Year 2021

Novozymes A/S Reaffirms Sales Guidance for the Year 2021

Univar Solutions and Novozymes® Partner to Bring Innovative, Sustainable Biotechnology Products to Customers in the United States and Canada

Novozymes Acquires Data Science Platform of Biota to Strengthen Microbiome R&D Capabilities in Probiotic Development

Novozymes A/S (CPSE:NZYM B) acquired the Microbiome R&D Team and Data Science Platform from Biota Technology, Inc.

Novozymes A/S Announces Executive Appointments, Effective April 2021

Fmc Corporation Collaborates with Novozymes A/S to Co-Develop Enzyme Solutions

Novozymes A/S (CPSE:NZYM B) completed the acquisition of Microbiome Labs.

Novozymes A/S (CPSE:NZYM B) entered into an agreement to acquire Microbiome Labs for $250 million

Novozymes A/S to Report Fiscal Year 2020 Results on Jan 01, 2021

Novozymes A/S Announces Executive Changes

Novozymes A/S Announces Executive Changes

Firmenich and Novozymes Partner for Great-Tasting Yogurt with Unprecedented Sugar Reduction Performance

Novozymes A/S (CPSE:NZYM B) acquired Precisionbiotics Group Limited for €80 million.

Novozymes Omits to Provide Outlook for Second Half and Full Year of 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age