October 14, 2019
Novus announces CEO succession plan
Novus' board of directors has decided to hire former Novus executive Dan Meagher to be the next president and CEO, effective April 1, 2020.
To ensure a smooth transition, Meagher will join the company on October 14 as executive vice president and general manager prior to assuming Fraudeau's roles in April. Meagher previously held the position of president and CEO with Agrivida, Inc.
"After 28 years with Novus and almost eight years at the helm of the company, I've shared with our board of directors my intent to retire at the end of this fiscal year, March 31, 2020. We have largely diversified the company through product development, innovations and acquisitions, while implementing our vision to "Help Feed the World" and holding to our core values," said Fraudeau.
"I know Novus's strong leadership team and our great employees will continue to enhance the company's legacy under Dan's leadership. Dan and I worked together many years prior to Dan joining Agrivida. He is a proven leader with extensive experience in the feed additive and animal nutrition industry and I am happy to see him return."
Fraudeau added: "I know he will build upon Novus's strong foundations to enhance opportunities for our customers, employees and shareholders. Throughout this fiscal year, I will continue to lead the company toward achieving our objectives, while working closely with Dan to ensure a smooth transition of my duties to him."
Tetsu Watanabe, Novus' chairman of the board of directors and senior vice president of Mitsui & Co. (USA), Inc., commented: "Novus's board of directors is grateful for the vision, leadership and guidance provided by François over his many years with Novus. Novus has succeeded in achieving diversification under his direction and the company is now ready to move to the next phase of sustainable growth. We are further pleased to announce that we have identified the next leader for the organisation, and we welcome Dan Meagher in his new role. Animal nutrition and health is one of the focus areas of Mitsui, and we are excited to work with Dan, together with our partner Nippon Soda, to further enhance the Novus business by leveraging the strengths of each company."
During his career in animal nutrition, Meagher held various successful positions with Purina Mills, MBA Poultry, Moark, Novus, and more recently, Agrivida. He has extensive experience in the industry and with customers in the US and abroad.
"Novus has a unique and truly global footprint in the animal nutrition sector. I am happy to rejoin Novus and the people who deliver value to our customers. I am honored to be chosen to succeed François and to lead the company forward," said Meagher.
"I envision a great future pursuing the many opportunities in front of us in the animal nutrition space, as well as animal health, as we deliver on the next chapter in Novus's continuing legacy of "Helping Feed the World.""