Yara International ASA, Oslo, announced on May 20 that it will move from a segment structure to a regional organizational structure, effective June 1, 2020. The group’s operations will comprise four profit centers, of which three are regional units, with a fourth unit for global production plants and operational excellence, including health and safety. In addition, Yara will establish a new Farming Solutions global function.
“The new structure will sharpen our customer focus in each region, while also driving the transformation of our business for the future. It is a further milestone in executing our crop nutrition strategy as an integrated food value chain player,” said Yara International President and CEO Svein Tore Holsether.
The three regional units – Europe, Americas, Africa & Asia – will all have production, supply chain, and commercial operations, while the fourth unit for global production plants and operational excellence will operate Yara’s largest production plants at Porsgrunn, Norway, and Sluiskil, The Netherlands.
The units will produce and deliver existing Yara solutions, in addition to commercializing and selling new offerings under the guidance of Farming Solutions.
The Farming Solutions function will have a global mandate to drive the transformation of Yara’s core crop nutrition business, developing both existing and new solutions, including premium products, digital business, food value chain collaboration, and climate-neutral solutions.
Tove Andersen, currently EVP Production, will take up the position of EVP Europe. Chrystel Monthean, currently SVP Business Unit Latin America, will head up Africa & Asia as its EVP.
Lair Hanzen, currently EVP Brazil, will take up the position of EVP Americas, while Pål Hestad, currently SVP Production North Europe, will head up Global Plants & Operational Excellence as its EVP. Terje Knutsen, currently EVP Sales & Marketing, will take up the position of EVP Farming Solutions.
Pablo Barrera Lopez, currently EVP Strategy & Supply Chain, takes up the position of EVP Strategy & Communication, while Kristine Ryssdal, currently General Counsel, takes up the position of EVP HR & General Counsel.
Effective June 1, the Yara Group Executive Board will have the following members:
Svein Tore Holsether, President & CEO; Lars Røsæg, EVP & CFO; Tove Andersen, EVP Europe; Chrystel Monthean, EVP Africa & Asia; Lair Hanzen, EVP Americas; Pål Hestad, EVP Global Plants & Operational Excellence; Terje Knutsen, EVP Farming Solutions; Pablo Barrera Lopez, EVP Strategy & Communications; and Kristine Ryssdal, EVP HR & General Counsel,
Yara reported that Lene Trollnes, EVP People and Global Functions, has decided to leave the company to pursue opportunities outside Yara.
Yara said it will report its second-quarter 2020 results according to its existing segment structure, and thereafter report according to the new regional structure with four operating units. Restated financial figures for 2019 and first-half 2020 according to the new regional structure will be published ahead of the company’s third-quarter 2020 financial results.