New Leadership Proposed for Novo Nordisk A/S Board of Directors
Proposed Board Changes at Novo Nordisk A/S
Recently, Novo Nordisk A/S communicated plans to convene an extraordinary general meeting to elect new members to its Board of Directors. This decision has received strong backing from the Novo Nordisk Foundation, which is excited to propose new board candidates aimed at enhancing the company’s leadership structure.
Candidates for Election
The upcoming extraordinary general meeting will take place on November 14, with the Foundation nominating several key individuals to join the company’s board. Notable nominations include Lars Rebien Sørensen suggested as Chair and Cees de Jong positioned as Vice Chair. These candidates are recognized for their exemplary leadership skills and extensive industry experience.
Full List of Proposed Board Members
In addition to Sørensen and de Jong, the Foundation proposes the following members:
- Lars Rebien Sørensen, Chair
- Cees de Jong, Vice Chair
- Britt Meelby Jensen, Member
- Mikael Dolsten, Member
- Stephan Engels, Member
It's also important to note that the existing member, Kasim Kutay, alongside employee-elected board members, will retain their positions. These include Elisabeth Dahl Christensen, Liselotte Hyveled, Mette Bøjer Jensen, and Thomas Rantzau.
Future Plans for Board Composition
The Foundation has plans to propose additional candidates, including Helena Saxon, for consideration at Novo Nordisk's Annual General Meeting scheduled for March 26, 2026. This will ensure a continually evolving board structure that can adapt to the changing landscape.
Candidates' Qualifications
Details concerning the expertise and status of each nominated member can be found in the accompanying appendix. This information highlights the significance of their roles within the context of the company’s strategy to enhance growth and manage the anticipated succession for upcoming leadership positions.
Goals of the Proposed Chair
The Foundation has proposed Lars Rebien Sørensen to serve as Chair of Novo Nordisk A/S with the intention of a limited tenure of two to three years. The primary objectives behind this decision are two-fold: supporting the company’s management regarding its transformation strategies and appointing a future leader who is capable of guiding the organization into the next decade.
A Vision for Growth
At the heart of this initiative is a commitment to renewing the board by integrating new competencies that can navigate the company through ambitious plans. Notably, Lars Rebien Sørensen has voiced his strong conviction about bringing in fresh perspectives that will support CEO Mike Doustdar and his leadership team. In a rapidly changing environment, it is paramount to engage in board renewal promptly, ensuring the interests of shareholders are upheld.
Leadership Insights
Lars Rebien Sørensen, who also holds the position of Chair of the Novo Nordisk Foundation, expressed gratitude towards the current board for their governance over the years. He emphasized the organization’s unwavering success during a period of remarkable growth, which underscores the importance of innovative leadership.
About the Novo Nordisk Foundation
Established in 1924, the Novo Nordisk Foundation is a philanthropic enterprise foundation based in Denmark. Its core mission is centered on enhancing health and promoting sustainability in society and the environment. The Foundation plays a crucial role as the majority shareholder of companies in the Novo Group, holding significant shares in Novo Nordisk A/S through its subsidiary, Novo Holdings.
Frequently Asked Questions
What is the main purpose of the extraordinary general meeting?
The extraordinary general meeting aims to elect new members to the Board of Directors of Novo Nordisk A/S.
Who are the proposed candidates for the board?
The proposed candidates include Lars Rebien Sørensen as Chair, Cees de Jong as Vice Chair, and additional members.
When will the extraordinary general meeting take place?
The extraordinary general meeting is scheduled for November 14.
What are the objectives of the proposed Chair?
The proposed Chair aims to support management in transformation plans and to appoint a long-term leader for the future.
What is the Novo Nordisk Foundation's mission?
The Novo Nordisk Foundation aims to improve health and sustainability in society.
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