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Danish drug-making firm Novo Nordisk has named Mazir Mike Doustdar as its new Chief Government Officer on Tuesday.
The corporate, recognized for its blockbuster diabetes and weight-loss medicine Ozempic and Wegovy, made this announcement alongside reducing its earnings forecasts once more.
Doustdar, an govt within the firm for over three a long time, has been given the accountability to sort out “latest market challenges”.
Doustdar’s background: Training, household and previous roles
Maziar Mike Doustdar has been working with Novo Nordisk since 1992. He began working within the firm as an workplace clerk. Nevertheless, he rapidly rose via the ranks and have become a key determine within the firm’s core enterprise.
He holds a BA in Worldwide Enterprise from Webster College, Vienna (1994), and later went on to pursue an govt training from the Harvard Enterprise Faculty, specialising in Management & Technique for Pharmaceutical & Biotech (2012).
Doustdar at the moment lives in Switzerland along with his spouse and youthful son who’re each Dutch residents. He additionally has an elder son who lives in Scotland for his larger training.
Roles and duties
Novo Nordisk introduced the departure of its chief govt Lars Fruergaard in Could this 12 months, citing “market challenges” as the rationale.
Fruergaard’s place will likely be changed by Maziar Mike Doustdar, who’s at the moment serving as the corporate’s vp for worldwide operationsreported AFP.
In his present position, he leads virtually 20,000 workers throughout 5 areas. Apart from being an govt at Novo Nordisk, Doustdar additionally serves on Orion Company’s board and the Worldwide Neighborhood Faculty in Zurich’s Board of Trustees.
“We’re assured that he’s the most effective particular person to guide Novo Nordisk via its subsequent development section,” board chairman Helge Lund stated.
Additional explaining the “market challenges,” which prompted the departure of the previous CEO, Lund added that “The market is growing quickly, and the corporate wants to handle latest market challenges with velocity and ambition.”
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