Novo Nordisk Appoints Mike Doustdar as New CEO Amid Executive Reshuffle
Delhi: Global healthcare major Novo Nordisk has announced the appointment of Maziar Mike Doustdar as its new President and Chief Executive Officer, effective 7 August 2025. The move comes as part of a broader leadership transition, with current CEO Lars Fruergaard Jørgensen stepping down after an impactful 34-year tenure at the company.
Mike Doustdar currently serves as Executive Vice President of International Operations at Novo Nordisk and has been instrumental in driving significant growth across international markets. Under his leadership, the company’s international operations more than doubled sales to DKK 112 billion in 2024, covering all regions outside the U.S. and employing nearly 20,000 people.
The decision follows a comprehensive selection process that evaluated both internal and external candidates. The Novo Nordisk Foundation has fully endorsed the Board’s appointment of Doustdar.
Chairman Helge Lund praised the incoming CEO, stating, “Mike is an exceptional leader and has the unanimous support of the Board. We are confident that he is the best person to lead Novo Nordisk through its next growth phase.” Lund added that Doustdar’s proven track record of strong commercial execution and his ability to build high-performing teams will be crucial in steering the company through evolving market dynamics.
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