Report

Evolva - A new CEO for a new phase of growth

Evolva has appointed Christian Wichert as its new CEO to accelerate growth and lead the company during its next phase. Over the last 18 months Evolva’s manufacturing network has expanded significantly, as the company scales up its products and transitions to a product-based revenue model. Christian has broad international experience spanning the chemicals/life sciences and consumer goods sectors. He is taking over immediately and Oliver Walker, the incumbent CEO, will be available to support Evolva in an advisory role for 12 months. The unexpected announcement comes as the company is in the process of finding a successor for its CFO, Carsten Däweritz, who will step down from his role at the end of May.
Underlying
Evolva Holding SA

Evolva Holding is an international biosynthetic group based in Switzerland. Co. is engaged in discovering and developing ingredients (and technologies for making ingredients) to other companies, in particular in the food and beverage, consumer health and pharmaceutical sectors. Co. maintains a proprietary fermentation-based platform that utilizes yeast. Co.'s internal focus is on high-value ingredients with relatively low production volume. Co.'s operations are organized in two segments: Products (Resveratrol, Vanilla, Stevia, Saffron , Pomecins and Agarwood ) and Legacy Products (EV-077 for diabetic complications and EV-035 for bacterial infections).

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Kate Heseltine

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