
By Stine Jacobsen and Maggie Fick
COPENHAGEN, March 26 (Reuters) - Novo Nordisk has appointed Poul Weihrauch, CEO of U.S. candy giant Mars, as board observer as the drugmaker seeks to strengthen its position in the highly competitive U.S. obesity market.
The maker of weight-loss drug Wegovy announced the appointment at Thursday's annual general meeting, where shareholders also elected pharmaceutical veterans Jan van de Winkel and Ramona Sequeira to the board, along with Helena Saxon, a board member at fashion retailer H&M.
Novo Nordisk and its majority shareholder, the Novo Nordisk Foundation, carried out a leadership shake-up last year, replacing the CEO and restructuring the board. This included the consolidation of Lars Rebien Sorensen's leadership role through his appointment as board chairman in addition to his role of chairman of the foundation.
NOVO AIMS TO BOOST CONSUMER CREDENTIALS
Sorensen has promised to strengthen the board's pharmaceutical and commercial expertise after criticising the previous board for being slow to address U.S. market challenges.
Novo is trying to boost consumer credentials in the U.S. market in a number of ways under its new management. In January it launched its Wegovy pill across multiple cash-pay channels, rather than solely through traditional insurance routes.
The company is leaning into telehealth, retail partnerships and direct-to-consumer access, as well as cutting prices under pressure from the Trump administration and to win cash-pay patients. Novo and chief rival Eli Lilly and Co have said the obesity market is becoming increasingly consumer-driven.
"We need to start to see our community more as customers than as patients," Sorensen told reporters after Thursday's meeting, adding that it was studying consumer behaviour to better understand what drives people to seek treatment, where they prefer to access it and when they are most likely to buy.
Sorensen said that Novo had looked at over-the-counter medicines for insight but added that companies in fast-moving consumer goods may provide a closer comparison because of their expertise in tracking purchasing habits and identifying unmet demand.
Those kinds of consumer insights could improve how Novo addresses the needs of overweight people and identify where GLP-1 drugs or other treatments might fit, Sorensen said.
Asked about the apparent contradictions in the appointment of a confectionery company executive by a manufacturer of obesity drugs, Sorensen said both types of companies are highly sophisticated in understanding customers and their needs.
(Reporting by Stine Jacobsen and Maggie FickEditing by Anna Ringstrom, Barbara Lewis and David Goodman)
LATEST POSTS
- 1
Grasping the Basics of Business Land Regulation - 2
Like many holiday traditions, lighting candles and fireplaces is best done in moderation - 3
Careful Connections: Building Association and Trust - 4
Glamour Shots once ruled the mall. I went to one of the last ones standing. - 5
Witness the elegance of the cosmic butterfly in a remarkable telescope photo
Find the Standards of Viable Refereeing: Settling Debates with Strategy
New images reveal interstellar comet 3I/ATLAS approaching Earth
The most effective method to Comprehend the Variables Affecting Medical attendant Pay rates
Rachael Ray is navigating grief this holiday season. She doesn't have time for 'negative energy' on the internet.
Family-Accommodating Snow Sports Experiences
Figure out how to Guarantee Your Dental Embeds Endure forever
7 Powerful Techniques to Boost Efficiency with Your Cell Phone: A Far reaching Guide
Figure out How to Assess the Unwavering quality of SUVs for Seniors
It's time for Artemis II to break Apollo 13's distance record. What to know about the moon flyby













