Novo Nordisk's CEO to step down as competition weighs on Wegovy maker's share price

2 weeks ago 8

Novo Nordisk CEO Lars Jorgensen testifies before a Senate Health, Education, Labor, and Pensions Committee hearing on U.S. prices for the weight loss drugs Ozempic and Wegovy, on Capitol Hill in Washington, U.S., September 24, 2024. 

Piroschka Van De Wouw | Reuters

Novo Nordisk' CEO Lars Fruergaard Jørgensen is stepping down, the Wegovy-maker said Friday, citing recent market challenges.

The Danish pharmaceutical giant said Fruergaard Jørgensen would remain in his post "for a period to support a smooth transition to new leadership."

This is a breaking news story, please check back for updates.

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