Novo Nordisk Says CEO to Step Down Amid Stock Slump. The Shares Are Down 5%. -- Barrons.com

Dow Jones

05-16

By Elsa Ohlen

Novo Nordisk CEO Lars Fruergaard Jørgensen will step down as CEO of the Danish maker of weight-loss drugs Ozempic and Wegovy after an eight-year tenure during which the it, for a period, became Europe's most valuable company.

It was a "mutual agreement," between Fruergaard Jørgensen and Novo Nordisk Board, the company said in a statement Friday.

"The changes are, however, made in light of the recent market challenges Novo Nordisk has been facing, and the development of the company's share price since mid-2024," the company added.

Novo Nordisk stock fell 4.3% in midday trading in Denmark after having traded higher earlier in the day. Its American depositary receipts were down 5.7% to $62.39 in premarket trading.

The search for Fruergaard Jørgensen's successor is ongoing, and he will continue as CEO for a period to support a the transition, the company added.

The leadership change comes after a sustained period of decline for the stock. Shares are down about 50% over the past 12 months amid increased competition from U.S. rival Eli Lilly and disappointing data for its next-generation weight-loss drug CagriSema.

This is breaking news. Check back for more analysis soon.

Write to Elsa Ohlen at elsa.ohlen@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 16, 2025 07:45 ET (11:45 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The Shares Are Down 5%. -- Barrons.com\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-05-16 19:45</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Elsa Ohlen \n</p>\n<p>\n  Novo Nordisk CEO Lars Fruergaard Jørgensen will step down as CEO of the Danish maker of weight-loss drugs Ozempic and Wegovy after an eight-year tenure during which the it, for a period, became Europe's most valuable company. \n</p>\n<p>\n     It was a \"mutual agreement,\" between Fruergaard Jørgensen and Novo Nordisk Board, the company said in a statement Friday. \n</p>\n<p>\n     \"The changes are, however, made in light of the recent market challenges Novo Nordisk has been facing, and the development of the company's share price since mid-2024,\" the company added. \n</p>\n<p>\n     Novo Nordisk stock fell 4.3% in midday trading in Denmark after having traded higher earlier in the day. Its American depositary receipts were down 5.7% to $62.39 in premarket trading. \n</p>\n<p>\n     The search for Fruergaard Jørgensen's successor is ongoing, and he will continue as CEO for a period to support a the transition, the company added. \n</p>\n<p>\n     The leadership change comes after a sustained period of decline for the stock. Shares are down about 50% over the past 12 months amid increased competition from U.S. rival Eli Lilly and disappointing data for its next-generation weight-loss drug CagriSema. \n</p>\n<p>\n     This is breaking news. Check back for more analysis soon. \n</p>\n<p>\n     Write to Elsa Ohlen at elsa.ohlen@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 16, 2025 07:45 ET (11:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535498399","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535498399","pubTimestamp":1747395900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Novo Nordisk CEO Lars Fruergaard Jrgensen will step down as CEO of the Danish maker of weight-loss drugs Ozempic and Wegovy after an eight-year tenure during which the it, for a period, became Europe's most valuable company.It was a \"mutual agreement,\" between Fruergaard Jrgensen and Novo Nordisk Board, the company said in a statement Friday.\"The changes are, however, made in light of the recent market challenges Novo Nordisk has been facing, and the development of the company's share price since mid-2024,\" the company added.Novo Nordisk stock fell 4.3% in midday trading in Denmark after having traded higher earlier in the day. Its American depositary receipts were down 5.7% to $62.39 in premarket trading.The search for Fruergaard Jrgensen's successor is ongoing, and he will continue as CEO for a period to support a the transition, the company added.The leadership change comes after a sustained period of decline for the stock. 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Its American depositary receipts were down 5.7% to $62.39 in premarket trading. \n\n\n     The search for Fruergaard Jørgensen's successor is ongoing, and he will continue as CEO for a period to support a the transition, the company added. \n\n\n     The leadership change comes after a sustained period of decline for the stock. Shares are down about 50% over the past 12 months amid increased competition from U.S. rival Eli Lilly and disappointing data for its next-generation weight-loss drug CagriSema. \n\n\n     This is breaking news. Check back for more analysis soon. \n\n\n     Write to Elsa Ohlen at elsa.ohlen@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. 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