Novo Nordisk (NVO) President & CEO Lars Rebien Sorensen will retire at the end of 2016. EVP and head of Corporate Development Lars Fruergaard Jorgensen will succeed him effective January 1, 2017. A successor to Mr. Jorgensen will be announced later. EVP and head of Region China, Pacific & Marketing Jakob Riis has been appointed EVP and head of North America Operations replacing Jesper Hoiland. EVP and head of International Operations Maziar Mike Doustdar expands his responsibilities to all ex-U.S. territories. The business consists of five regions: Europe; Latin America; Africa, Asia, Middle East & Oceania; Japan & Korea and Region China.