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Novo Nordisk CEO stepping down

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Lars Fruergaard Jørgensen, the CEO of Danish pharmaceutical company Novo Nordisk, is stepping down.

Jørgensen is staying on board through the naming of a successor.

“Novo Nordisk’s strategy remains unchanged, and the board is confident in the company’s current business plans and its ability to execute on the plans,” Chair Helge Lund said in a statement.

Read more from CNBC.

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