
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
Instructions to Pick the Best Album Rates for Your Investment funds - 2
The German series proving subtitles can be sexy — and wildly addictive - 3
The most effective method to Guarantee Simple Availability in Seniors' SUVs - 4
Italy now recognizes the crime of femicide and punishes it with life in prison - 5
New Gaza militia declares war on Hamas: 'Your dirty shoes are more honorable'
Investigate These Retreats Well known With Seniors
5 VIP Voice Exhibitions in Energized Movies
Hundreds of Gazans evacuated from Strip for medical treatment - COGAT
41 Young Men Die in South Africa After Circumcision Initiation
Instructions to Expand Your Smash 1500's Presentation: Tips and Deceives
'Backward and upward and tilted': Spaceflight causes astronauts' brains to shift inside their skulls
Stop the ‘good’ vs ‘bad’ snap judgments and watch your world become more interesting
US measles cases surpass 2,000, highest in 30 years: CDC
As tetanus vaccination rates decline, doctors worry about rising case numbers













