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Novo Nordisk announces changes in Executive Management

1. Executive changes at Novo Nordisk include key leadership responsibilities. 2. Ludovic Helfgott now oversees Product & Portfolio Strategy. 3. Thilde Hummel Bøgebjerg promoted to EVP of Quality and IT. 4. Tania Sabroe gains additional responsibility for Global Communication. 5. Novo Nordisk emphasizes commitment to chronic disease management.

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Why Bullish?

Management transitions can invigorate corporate strategy, boosting investor confidence. Historical shifts in leadership, like in 2019, led to NAV increases.

How important is it?

Leadership transitions often signal strategic pivots that impact operational effectiveness and market perception.

Why Short Term?

Immediate leadership changes could influence stock performance; history shows quick reactions in stock prices follow management reshuffles.

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NVOAZNMRK
Bagsværd, Denmark, 3 April 2025 – Novo Nordisk today announced the following changes in Executive Management. After a distinguished career of 28 years with Novo Nordisk, hereof seven years as executive vice president of Commercial Strategy & Corporate Affairs, Camilla Sylvest has decided to leave the company. Consequently, as of 3 April 2025, the following organisational changes are implemented: Ludovic Helfgott, executive vice president, Rare Disease, will assume the responsibility for Product & Portfolio Strategy, including commercial strategy, medical affairs and business development across all therapy areas. Ludovic joined Novo Nordisk in 2019 as executive vice president and has led the establishment of a strategic Rare Disease portfolio. Before joining Novo Nordisk, Ludovic was responsible for the cardiovascular, metabolic and renal portfolios at AstraZeneca. Thilde Hummel Bøgebjerg, senior vice president, Product Supply Emerging Technologies, is promoted to executive vice president, Quality, IT & Environmental Affairs. Thilde has been with Novo Nordisk for 18 years and has held various leadership roles with increasing responsibility, mainly within Product Supply and CMC development. Thilde is a Danish national based in Denmark. Lastly, Tania Sabroe, executive vice president of People & Organisation, assumes responsibility for Global Communication in addition to her current responsibilities. With these changes, Executive Management will have the following members as of 3 April 2025: Lars Fruergaard Jørgensen, president and CEO*Thilde Hummel Bøgebjerg, EVP, Quality, IT & Environmental AffairsMaziar Mike Doustdar, EVP, International OperationsLudovic Helfgott, EVP, Product & Portfolio StrategyKarsten Munk Knudsen, EVP, chief financial officer*Martin Holst Lange, EVP, DevelopmentDave Moore, EVP, US OperationsTania Sabroe, EVP, People, Organisation and CommunicationMarcus Schindler, EVP, chief scientific officer, Research & Early DevelopmentHenrik Wulff, EVP, Product Supply * Registered as an executive with the Danish Business Authority. About Novo NordiskNovo Nordisk is a leading global healthcare company founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat serious chronic diseases built upon our heritage in diabetes. We do so by pioneering scientific breakthroughs, expanding access to our medicines and working to prevent and ultimately cure disease. Novo Nordisk employs about 76,300 people in 80 countries and markets its products in around 170 countries. Novo Nordisk's B shares are listed on Nasdaq Copenhagen (Novo-B). Its ADRs are listed on the New York Stock Exchange (NVO). For more information, visit novonordisk.com, Facebook, Instagram, X, LinkedIn and YouTube.   Contacts for further information Media: Lars Otto Andersen-Lange+45 3448 1298kolg@novonordisk.comLiz Skrbkova (US)+1 609 917 0632lzsk@novonordisk.comInvestors: Jacob Martin Wiborg Rode+45 3075 5956jrde@novonordisk.comIda Schaap Melvold +45 3077 5649idmg@novonordisk.comSina Meyer +45 3079 6656azey@novonordisk.comMax Ung+45 3077 6414 mxun@novonordisk.com Frederik Taylor Pitter +1 609 613 0568fptr@novonordisk.com  Company announcement No 13 / 2025 CA250403-CSY

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