Executive Management
Executive Management is responsible for the day-to-day management of the company.
In March 2006, following a change in the distribution of responsibilities among the members of its Executive Management, Novo Nordisk reduced the number of executives from six to five. In this connection Executive Vice President Lars Almblom Jørgensen left Novo Nordisk by mutual agreement. Consequently, Executive Management consists of the president and CEO, and four other executives.
Executive Management's responsibilities include 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 information to the Board and the stakeholders of Novo Nordisk.
Executive Management is also responsible for oversight, implementation and audit of environmental, social and related policies.
Executive Management meets regularly and at least once a month.
Employment of executives
The Board appoints Executive Management and determines their remuneration. The Chairmanship reviews the performance of the executives. As part of the Organisational Audit process the Board identifies potential successors to executives. Executives must retire having reached the age of 62.
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, Environment & Bioethics Committee identifying, developing and managing environmental and bioethical issues and strategies, and Disclosure Committees supervising the reliability of Novo Nordisk's reporting.
See more about the Executive Committees here.
This page has been assessed by PricewaterhouseCoopers as part of its assessment of Novo Nordisk’s statement that it reports ‘in accordance’ with GRI. Please refer to Audit and assurance for a full description of the nature of assurance offered.
