Danish Crown, a major player in the meat industry, is undergoing a significant restructuring. The company aims to improve its profitability by splitting into three separate business units: Danish Crown Industry, Danish Crown Foods, and Danish Crown UK. Each unit will have its own management team and will be independently assessed for performance.
The restructuring is driven by the company's struggle to remain competitive due to high salaries in Denmark and the lack of significant returns from a 2021 merger of its pork and foods divisions.
During the transition, CEO Niels Duedahl will act as interim CEO for all three units until permanent replacements are appointed.