Fertiliser manufacturer Yara International is to restructure its worldwide operations into four profit centres supported by a global Farming Solutions unit.
The Norwegian multinational is moving from a segment structure to a regional organisation from June 1st 2020. The four profit centres comprise three regional units – Europe, Americas and Africa & Asia – plus a fourth unit for global production plants and operational excellence that includes health and safety.
The regional units will manage production, supply chain and commercial operations within their geographies in a fully integrated structure. They will produce and deliver existing Yara products, with the commercialisation and sale of new offers under the guidance of the Farming Solutions unit.
The Global Plants & Operational Excellence unit will directly operate Yara’s two largest production plants at Porsgrunn in Norway and Sluiskil in The Netherlands, while also overseeing operational improvement and competence development across all Yara’s production sites.
Meanwhile the Farming Solutions unit has a global mandate to drive the transformation of Yara’s core crop nutrition business, including the development of existing and new business across premium products, digital agriculture, food value chain collaborations and climate-neutral solutions.
Tove Andersen, a former UK country head who is currently executive vice-president (EVP) Production will lead the Europe unit as EVP Europe. Chrystel Monthean becomes EVP Africa & Asia and Lair Hanzen EVP Americas. Pål Hestad becomes EVP Global Plants & Operational Excellence and Terje Knutsen EVP Farming Solutions. All will be on the Yara Group executive board under president and chief executive Svein Tore Holsether.
“The new structure will sharpen our customer focus in each region, while also driving the transformation of our business for the future,” says Mr Holsether. “An empowered regional setup will strengthen our business, unlock potential and break down barriers. It is a further milestone in executing our crop nutrition strategy as an integrated food value chain player.”