Lars Rebien Sørensen

Lars Rebien Sørensen (born 10 October 1954) is a Danish businessman and former CEO of the pharmaceutical company Novo Nordisk and current chairman of the board at the Novo Nordisk Foundation (from 2018) and Novo Holdings A/S.

Lars Rebien Sørensen
Born (1954-10-10) October 10, 1954
EducationThe Royal Veterinary and Agricultural University, University of Copenhagen.
Occupation(s)Former CEO at Novo Nordisk, chair of Novo Nordisk Foundation (2020
EmployerNovo Nordisk (until 2016)

Biography

Education

Lars Rebien Sørensen is a MSc forestry graduate[1] from the Royal Veterinary and Agricultural University, now part of the University of Copenhagen (1981) and holds a master's degree from Copenhagen Business School (1983).[2][1]

Career

He was employed by Novo Nordisk in 1982 within marketing of enzymes and became sales and marketing director for the enzyme department in 1989. He joined the Group Executive Board of Novo Nordisk in 1994 and was handed the responsibility of the medical department of Novo Nordisk. In 2000 the enzyme department was de-merged from Novo Nordisk and became its own entity, Novozymes, and Lars Rebien Sørensen took over the position of CEO for Novo Nordisk, after Mads Øvlisen. From 2017 Lars Rebien Sørensen was replaced as CEO by Lars Fruergaard Jørgensen.[3] As part of his severance package, Lars Rebien Sørensen received a "golden handshake" of 65.7 million DKK (approx. US$10.7 million). His annual salary in 2016 was 22.7 million DKK (approx. US$3.7 million).[4]

He was CEO at Novo Nordisk from 2000 until 2016 until he was replaced by Lars Fruergaard Jørgensen.[5]

Lars Rebien Sørensen took on the position as chairman of the board at Novo Nordisk Foundation on 1 July 2018. He is also the chairman of the board at Novo Holdings A/S.[6] The Novo Nordisk Foundation is one of the largest foundations in the world and the foundation which is the majority shareholder in Novo Nordisk, Novozymes and NNIT (Novo Group) along with investments in more than 80 other companies within the life-sciences sector through its 100% owned subsidiary Novo Holdings A/S.

Lars Rebien Sørensen was a representative in the Danish Central bank and he holds a seat at the board of directors in Axcel Management A/S, Thermo Fischer Scientific Inc. (USA), Essity AB (Sweden), Jungbunzlauer Suisse AG (Switzerland) and Novo Holdings A/S.[6]

Board member positions

Lars Rebien Sørensen currently holds the following board member seats:[6]

Private life

Lars Rebien Sørensen is married to Charlotte Idin Sørensen and they have three children.

Recognition

Lars Rebien Sørensen was awarded the "World's Best CEO" by Harvard Business Review in 2015 and 2016.[7][1][8]

References
  1. Communication, UCPH (14 March 2017). "'World's best CEO' named distinguished alumnus at the University of Copenhagen". news.ku.dk. Retrieved 24 September 2021.
  2. "Lars Rebien Sørensen". CBS – Copenhagen Business School. 9 July 2020. Retrieved 24 September 2021.
  3. "Lars Rebien Sørensen to retire as CEO of Novo Nordisk". September 2016. Retrieved 24 September 2021.
  4. "Remuneration Report 2020" (PDF). Retrieved 24 September 2021.
  5. "Lars Fruergaard Jorgensen, Novo Nordisk A/S: Profile and Biography". Bloomberg.com. Retrieved 24 September 2021.
  6. "Lars Rebien Sørensen". Novo Holdings. Retrieved 24 September 2021.
  7. "Novo Nordisk CEO named world's best". Retrieved 24 September 2021.
  8. "This Big Pharma Chief Was Just Named the World's 'Best-Performing' CEO—Again". Fortune. Retrieved 24 September 2021.
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