lars-rebien-soerensen

Novo chief executive ranked ‘world’s best’

pharmafile | October 14, 2015 | Appointment | Medical Communications, Sales and Marketing Harvard Business Review, Lars Rebien Sorensen, Novo Nordisk 

Novo Nordisk chief executive Lars Rebien Sørensen has been named the best-performing in the world by the Harvard Business Review.

Sørensen came top in the HBR’s chart of the 100 best-performing chief executives, “not just for his company’s financial prowess, but also under environmental, social and governance measures.”

Since Sørensen joined Novo in 2000, the diabetes-focused company has delivered more than a ten-fold return to shareholders’. Its market capitalisation has grown by $169 billion, and has now reached than $356 billion.

All those numbers put Sørensen in 6th place in the financial rankings, of the 907 chief executives analysed. To compile the list, the authors looked at companies that at the end of 2014 were in the S&P Global 1200, an index that comprises 70% of the world’s stock market capitalisation and includes firms in North America, Europe, Asia, Latin America, and Australia. We identified each company’s chief executive as of April 30, 2015.

Advertisement

For several years, the Danish firm has reported its results in light of a ‘triple bottom line’, which attempts to measure Novo’s performance as environmental caretakers, as an employer and as a corporate citizen.

Sørensen believes paying attention to softer measures delivers returns in the long term. He says: “Corporate social responsibility is nothing but maximising the value of your company over a long period. In the long term, social and environmental issues become financial issues.” 

Related Content

hsm_mobile_clinical_trial_istock-872676342

FDA approves Wegovy for treatment of MASH in adults with liver fibrosis

The US Food and Drug Administration (FDA) has granted accelerated approval for Wegovy (semaglutide) as …

BioMed X and Novo Nordisk partner on oral peptide drug delivery innovation

BioMed X has announced a new collaboration with Novo Nordisk to improve oral delivery of …

obesity

Pila Pharma raises SEK 20m to advance new oral obesity treatment

Swedish biotech, Pila Pharma, has raised nearly SEK 20m, equivalent to €1.7m in a capital …

The Gateway to Local Adoption Series

Latest content