Francois Fraudeau has been appointed as president and CEO of Novus International, effective immediately. Fraudeau previously held the position of chief operating officer (COO). Thad Simons will retire from CEO of Novus International and become the senior executive advisor to the Novus International board.
"The board is grateful for the tremendous leadership and guidance provided by Thad over his many years with Novus. Novus has achieved unprecedented success under his direction and we are proud to have had his leadership. We are further pleased to announce that Thad will continue as Senior Executive Advisor to the Company," said Katsurao Yoshimori, senior vice president, Mitsui & Co. (USA), Inc.
"Going forward there is no better leader for Novus than Francois Fraudeau," noted Thad Simons, member of the board of directors. "Francois is a proven leader with extensive experience in the feed additive industry and ability to bring people together."
During his career with Novus, Fraudeau held various positions in Europe, Asia and the USA and has an extensive knowledge of methionine and all of our other technologies. Under his leadership, Novus has successfully focused more intensively on core Specialty platforms in addition to strengthening its leadership position in methionine. These are significant achievements as Novus desires to become a global leader in developing sustainable products and solutions for animal production.
"Novus is a unique company with a truly global footprint in the animal nutrition space, and I am honored to be chosen to lead this company forward," noted Fraudeau. "We have great opportunities in front of us as we deliver on the next chapter in Novus's continuing legacy of helping to feed the world affordable, wholesome food and achieve a higher quality of life by making a clear difference in sustainably meeting the growing need for nutrition and health."
"The board is excited about Novus's growth going forward under Francois' leadership," noted Mr. Yoshimori. "We are pleased with this advancement in his placement as CEO and anticipate great future with the focus that he brings to the organization."