Lars Rebien Sørensen retires as Novo Nordisk CEO; successor announced

1 September 2016

Danish diabetes giant Novo Nordisk (NOV:N) has announced the retirement of its chief executive Lars Rebien Sørensen.

Mr Sørensen, who has been in the role for 16 years, will step down by the end of 2016, and his successor has been announced as Lars Fruergaard Jørgensen, the company’s current executive vice president and head of corporate development.

Göran Ando, chairman of the board of directors at Novo Nordisk, said: “Succeeding Lars, who during 16 years as chief executive has spearheaded Novo Nordisk into a global, very successful and highly respected pharmaceutical company, is a tall order.

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