Executive Management


Our management structure

The company has a two-tier management structure consisting of the Board of Directors and Executive Management.

The Board of Directors supervises the performance of the company, its management and organisation on behalf of the shareholders. It also participates in determining the company strategy.

Executive Management, in turn, has responsibility for the company's daily operations.

The two bodies are separate, and no person serves as a member of both.


Executive Management profiles

 

Lars Rebien Sørensen
President and chief executive officer (CEO) 

 

Jesper Brandgaard
Executive vice president and chief financial officer (CFO) 

 

Maziar Mike Doustdar
Executive vice president, International Operations 

 

Lars Fruergaard Jørgensen
Executive vice president and chief of staff 

 

Jerzy Gruhn
Executive vice president, Europe 

 

Jesper Høiland
Executive vice president, US

Jakob Riis
Executive vice president, China, Pacific & Marketing 

 

Mads Krogsgaard Thomsen
Executive vice president and chief science officer 

 

Henrik Wulff
Executive vice president, Product Supply 

 

About Executive management

Executive Management is responsible for the day-to-day management of the company. It consists of the President and chief executive officer (CEO) and eight executives. Executive Management’s responsibilities include overall conduct of the business and all operational matters, organisation of the company as well as allocation of resources, determination and implementation of strategies and policies, direction-setting and ensuring timely reporting and provision of information to the Board and Novo Nordisk’s stakeholders. Executive Management is also responsible for oversight, implementation and audit of environmental, social and related policies.

Executive Management meets at least once a month and often more frequently.


Employment of executives

The Board appoints members of Executive Management and determines its remuneration.

The Chairmanship reviews the performance of the executives. As part of the Organisational Audit process, the Chairmanship identifies successors to executives and presents the names of such candidates to the Board for approval.


Executive Committees

The Executive Management has established a number of executive committees to assist or implement Executive Management's decisions. Such committees include Development Portfolio Committee overseeing, prioritising, and resourcing development projects from an overall portfolio perspective, Social and Environmental Committee identifying, developing and managing social and environmental issues and strategies, and Disclosure Committee supervising the reliability of Novo Nordisk's reporting.