Kre Schultz appointed president and chief executive of Lundbeck
Danish CNS specialist Lundbeck (LUN: CO) has appointed Kåre Schultz as its new president and chief executive.
He will take up his position on May 20, and replace Ulf Wiinberg, who resigned unexpectedly with immediate effect last November. Mr Schultz has been the president and chief operating officer of Danish insulin giant Novo Nordisk (NOV: N) since January 2014 after joining the company in 1989.
Håkan Björklund, chairman of the Lundbeck board, said: "It is a great pleasure to announce that Kåre Schultz will join Lundbeck as president and CEO. With his unique experience from an impressive career in the pharmaceutical industry, Kåre Schultz has all the qualifications to handle the challenges Lundbeck faces.”
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