BUZZ-Novo Nordisk slips as CEO steps down amid market challenges

Reuters

2025/05/16

** U.S.-listed shares of Danish drugmaker Novo Nordisk NOVOb.CO, NVO.N down 3.8% at $63.37 premarket

** NVO says Lars Fruergaard Jørgensen is stepping down as CEO, but will stay on for a while to ensure a smooth transition

** Co is looking for a new CEO to replace him, and an announcement will be made soon

** Co says the change in leadership is due to "recent market challenges" and share price decline since mid-2024

** Jørgensen has been with Novo since 1991 and became CEO in 2017

** As of last close, NVO down 23% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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