Try GOLD - Free
Novo Nordisk fires CEO after losing weight-loss drugs lead
Bangkok Post
|May 20, 2025
Novo Nordisk will replace its CEO, Lars Fruergaard Jorgensen, the company announced Friday, citing a sharp decline in its stock price that stemmed from increased competition for its popular weight-loss drug.
The Danish drugmaker said it was searching for a new CEO to soon replace Mr Jorgensen, who has led Novo Nordisk for eight years.
The move reflects a remarkable fall in fortune for the maker of one of the most well-known drugs in the world, which is sold as Ozempic for diabetes and Wegovy for obesity. The company's stock has fallen by 50% in the past year.
Sales of the weight-loss drug created boom times for Novo Nordisk. In 2023, the company's extraordinary success prompted the Danish central bank to keep interest rates lower than it otherwise would. For more than a year, Novo Nordisk's market value surpassed Denmark's entire gross domestic product.
This story is from the May 20, 2025 edition of Bangkok Post.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Bangkok Post
Bangkok Post
Tropical storm to bring days more rain
The Thai Meteorological Department (TMD) yesterday warned of continued rainfall this week as a result of Tropical Storm Kalmaegi.
1 min
November 03, 2025
Bangkok Post
US strike on alleged drug vessel in Caribbean kills 3
A US strike on an alleged drug-trafficking vessel in the Caribbean killed three people on Saturday, Pentagon chief Pete Hegseth said, the latest such attack in international waters.
1 mins
November 03, 2025
Bangkok Post
Analysts expect crypto bull market to persist
Renewed US-China trade tensions sparked a massive selloff in the crypto market last month, with Bitcoin plunging from US$122,000 to $107,000 at one point, but analysts are referring to it asa “deep but temporary” reset, adding the bull cycle is not over yet.
2 mins
November 03, 2025
Bangkok Post
Salah’s 250th Liverpool goal sinks Villa
Mohamed Salah’s 250th Liverpool goal ended the Premier League champions’ losing streak in a 2-0 win against Aston Villa, while leaders Arsenal beat Burnley to surge seven points clear on Saturday.
2 mins
November 03, 2025
Bangkok Post
Oil Market Outlook
Oil prices rose last week as trade tensions between the US and China eased following the Trump-Xi summit in South Korea.
2 mins
November 03, 2025
Bangkok Post
Turkey to call for action on Gaza Strip
Turkish Foreign Minister Hakan Fidan is expected to call at a meeting in Istanbul today for arrangements to be made as soon as possible to ensure the security and administration of Gaza by Palestinians, a foreign ministry source said yesterday.
1 min
November 03, 2025
Bangkok Post
PM sorry for border gaffe
Under fire for saying both sides at fault
2 mins
November 03, 2025
Bangkok Post
Bros need some bros in times of loneliness
After my mum died, I went to the same movie every day for a week, a buddy comedy about two divorce mediators who sneak into weddings to seduce women.
3 mins
November 03, 2025
Bangkok Post
Leafs down Flyers, Tanev injured again
Jake McCabe and Nicholas Robertson scored second-period goals to help the Toronto Maple Leafs separate from the hosts Philadelphia Flyers en route to a 5-2 victory on Saturday.
1 mins
November 03, 2025
Bangkok Post
Shippers push for balanced trade deal
Nation’s interests must be protected
2 mins
November 03, 2025
Listen
Translate
Change font size