Flags with the Novo Nordisk logo flutter outside their Danish company’s offices in Copenhagen, Denmark, September 26, 2023. REUTERS/Tom Little/File Photo Purchase Licensing Rights , opens new tab

June 9 (Reuters) – Activist hedge fund Parvus Asset Management is building a stake in Novo Nordisk (NOVOb.CO) , opens new tab amid investor concerns that the Danish drugmaker has lost its first-mover advantage in the lucrative weight-loss drug market, the Financial Times reported on Monday.

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Novo told Reuters in an email that it does not “have anything to add.” Parvus did not immediately respond to a request for comment.

In May, the company announced its CEO Lars Fruergaard Jorgensen would step down after shares plunged from a record-high in June last year as competition, particularly from U.S. rival Eli Lilly (LLY.N) , opens new tab , makes inroads into Novo’s market share, while its pipeline of new drugs has failed to impress investors.

Novo also expects its Wegovy weight-loss drug sales in the United States to start recovering once a ban on compound copycats is enforced this month, Jorgensen said in May after the company cut its 2025 forecasts.

The FT report said that Parvus did not disclose the size of its stake in Novo Nordisk. In Danish securities law, if the stake surpasses the 5% threshold, shareholders are required to disclose their holdings and changes in holdings to the issuer and the Danish Financial Supervisory Authority (FSA).

Parvus, which previously built a stake in UniCredit, approved its CEO Andrea Orcel’s pay package in 2023. The fund dissolved its stake in Ryanair in April, but also holds a 4.3% stake in Flutter Entertainment (FLTRF.L) , opens new tab , according to data compiled by LSEG.

Reporting by Gnaneshwar Rajan and Puyaan Singh in Bengaluru; Additional reporting by Christy Santhosh; Editing by Alan Barona

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Back to news Company Announcement: 08:30 CET • 15 Jan 2025

Jakob Wegge-Larsen to become Vestas’ new Chief Financial Officer

Vestas Wind Systems A/S, Aarhus, 15 January 2025

Company Announcement no. 01/2025

Vestas is pleased to announce that Jakob Wegge-Larsen will become Chief Financial Officer (CFO) at Vestas and member of Executive Management. He is expected to take up the position as CFO during the second quarter of 2025.

Jakob Wegge-Larsen joins Vestas from DB Schenker where he currently serves as CFO and member of the Management Board. Prior to becoming CFO at DB Schenker in 2023, Jakob obtained extensive international experience through global and regional CFO roles within the Maersk Group, Hamburg Süd, and MSC Denmark.

Vestas President and Chief Executive Officer, Henrik Andersen, says “I am thrilled that Jakob Wegge-Larsen will join Vestas as our next CFO following a rigorous process. Jakob will spearhead our Finance organisation as we aim to achieve our long-term target of double-digit profitability and I am confident his extensive experience from several large, global companies will be instrumental for our continued progress. I would also like to thank Rasmus Gram on behalf of the Board and the Executive Management team for the great job he is doing as interim CFO”.

Vestas’ incoming CFO, Jakob Wegge-Larsen, says “I am truly excited to join Vestas at a point where the world needs energy more than ever, and collaborate with the Executive Management team and my other 30,000 new colleagues to ensure Vestas plays a key role in meeting the world’s energy needs. Having spent more than 20 years within logistics and shipping, I look forward to using my experience from global businesses to help Vestas continue its upwards trajectory. I would like to thank Henrik and the Board for their confidence as I’m about to begin this new, exciting chapter”.

Rasmus Gram will continue as interim CFO until Jakob Wegge-Larsen starts and conduct a thorough handover as part of Jakob’s induction.

Jakob Wegge-Larsen is 48 years old, holds an MBA from Henley Business School in the UK, and lives in Denmark with his wife and two kids. Detailed biography is attached as an appendix. Jakob succeeds Hans Martin Smith who left Vestas in December 2024 to pursue new challenges after more than 20 years at Vestas, ref. Company Announcement no. 20/2024.

Contact details

Vestas Wind Systems A/S, Denmark

Investors/analysts:

Daniel Patterson, Vice President

Investor Relations

Tel: +45 2669 2725

Frederik Holm Jacobsen, Senior Specialist

Investor Relations

Tel: + 45 2835 3365

Media:

Anders Riis, Vice President

Communications

Tel: +45 4181 3922

Biography for Jakob Wegge-Larsen

Born: 1976

Nationality: Danish

Resident: Copenhagen, Denmark

Education

2013 Henley Business School – Master of Business Administration

2001 Zealand Business College – Graduate Diploma, Accounting

Former positions

2023-2025 Member of the Management Board & CFO, DB Schenker (Germany)

2020-2023 CFO, Maersk Ocean and Logistics (Denmark)

2017-2020 CFO and member of Executive Board, Hamburg Süd (Germany)

2014-2017 Business CFO, Maersk Line Operations (Denmark)

2008-2014 Regional CFO, MSC Denmark A/S (Denmark)

2000-2008 Various positions within the Maersk Group (Singapore, Holland & Denmark)

1996-2000 External auditor, Ernst & Young (Denmark)

Fiduciary positions

Member of the Board of Køge Private School (Denmark).

Christian M. Ingerslev appointed new CEO for Maersk Supply Service

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DENMARK : A.P. Møller Holding A/S has acquired Maersk Supply Service A/S from A.P. Møller – Mærsk A/S, through closing of the transaction previously announced. In connection with the closing of this acquisition, A.P. Moller Holding has elected a new CEO and Board of Directors for Maersk Supply Service A/S Christian M. Ingerslev will take over the Chief Executive Officer (CEO) position from Steen S. Karstensen, who has headed up Maersk Supply Service since 2016. Christian has more than two decades of leadership and industry experience from energy shipping and has for the past seven years led Maersk Tankers through its transformation.

Martin N. Larsen, CFO of A.P. Moller Holding and new Chair of the Board of Directors for Maersk Supply Service, says: “We are pleased to welcome Christian to Maersk Supply Service. He has shown great leadership in his previous roles and, with Christian at the helm, we are confident that we will have a smooth transition into an independent offshore service company, while preparing Maersk Supply Service to grow its business to further support the energy transition.” “Maersk Supply Service is playing an important role in the energy transition. The company and its employees are truly innovative and have shown incredible resilience in a tough market. I look forward to joining the team as it takes its first steps as an independent company while addressing the energy challenges of tomorrow,” says Christian M. Ingerslev, incoming CEO of Maersk Supply Service.

A new Board of Directors for Maersk Supply Service has been appointed, consisting of:

Chair Martin N. Larsen, CFO, A.P. Moller Holding

Vice-Chair Morten Engelstoft, former CEO of APM Terminals

Kristin Holth, non-executive positions including at Gaslog, Hitecvision, Maersk Tankers and Noble Corp.

Maria Pejter, Head of HR, A.P. Moller Holding

Martin Neubert, Group CIO and Partner, Copenhagen Infrastructure Partners

“Maersk Supply Service will continue to be a strong partner to the offshore oil and gas energy industry while transitioning into a leading offshore maritime company servicing the renewables sector, especially the wind industry. I am therefore very pleased that our new Board of Directors includes strong capabilities from both offshore oil & gas and wind industries,” says Martin N. Larsen, Chair of the Board of Directors for Maersk Supply Service.

With the closing of the transaction, Steen S. Karstensen will leave the Group after 37 years

We are very pleased that Maersk Supply Service has now found a new long-term owner, enabling the further transition of the company. This transaction validates the resilience, strategic innovation and dedicated work done by the entire Maersk Supply team through some challenging years. I would also like to specifically thank Steen for leading Maersk Supply Service safely though the last seven years culminating now in Maersk Supply Service being ready for the next phase. I wish Steen and Maersk Supply Service all the best on their next endeavours,” says Henriette Hallberg Thygesen, Executive Vice President at A.P. Møller – Mærsk A/S and former Chair of the Board of Directors for Maersk Supply Service A/S.

About Maersk Supply Service

Maersk Supply Service is a leading provider of marine services and project solutions for offshore energy sectors. With a large fleet of anchor handling and subsea support vessels, the company specialises in towing, mooring, and installing floating units.

Maersk Supply Service is committed to decarbonising its fleet and focuses on energy efficiency and ocean health. The company is expanding into renewable industries such as floating wind and ocean cleaning.

Maersk Supply Service, as a subsidiary of A.P. Møller – Mærsk A/S, employs around 1100 offshore and 220 onshore staff. Headquartered in Lyngby, Denmark, the company has a global presence in Angola, Australia, Brazil, Canada, Guyana, Mexico, Norway, the Philippines, and the UK.

Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe

The Supervisory Boards of Tryg A/S and Tryg Forsikring A/S announced that Group Chief Executive Officer (CEO) Morten Hübbe has decided to step down.

Hübbe (51) will be succeeded by Chief Commercial Officer Johan Kirstein Brammer (46), effective June 1, 2023.

When Brammer joined Tryg in 2016, he spearheaded a successful transformation of Tryg’s Danish private business and was subsequently appointed CCO and member of the Executive Board in 2018. Brammer had a decisive role in the acquisition of RSA’s Scandinavian activities. Since his appointment to the Executive Board in 2018, Brammer’s potential to one day lead the company has been evident, the company said in a statement.

Brammer holds a law degree from University of Copenhagen and started his career as a lawyer with Kromann Reumert. Later, he added an MBA from Australian Graduate School of Management and a graduate diploma in Finance from Copenhagen Business School. During his career, he also worked at McKinsey & Co, Carlsberg, Egon Zehnder and Danish telco TDC.

Hübbe joined Tryg at the age of 30 and held the position of group CFO for eight years until he was appointed group CEO in 2011. The acquisition of RSA’s Scandinavian activities in 2020 was a milestone in Hübbe’s career. After having led the company for 12 years, he now wants to step down to pursue a career at a non-executive level and have more time for family and other interests.

During his tenure on Tryg’s Executive Board, Hübbe has mentioned publicly he didn’t want to remain in an executive role until typical retirement age. Having held executive positions from a very young age, he has had an aspiration to step back as an operational leader much closer to the age of 50 rather than the more usual age around 60, Tryg explained.

The company also announced the appointment of Mikael Kärrsten as chief technical officer and Alexandra Bastkær Winther as chief commercial officer, both internal promotions.

Kärrsten (47) has more than 20 years of experience in the insurance industry and comes from a position as head of Group PPU (Price, Product, Portfolio Management and Underwriting) in Tryg. He has previously held several senior leadership positions with Codan and Trygg-Hansa, including head of Underwriting.

Winther (37) moves from the position of CEO of Alka Insurance (a stand-alone entity within the Tryg group). She has been with Tryg since 2020 where she (prior to her appointment to Alka), as head of Group Strategy and M&A, played a key role in the acquisition of RSA’s Scandinavian activities (Trygg-Hansa and Codan Norway). As chief commercial officer, Winther will take over Brammer’s current areas of responsibilities, which covers enhancement of commercial value creation across the group, the integration and realization of synergies from acquisitions as well as the corporate strategy function.

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AXA XL Appoints Cerquenich as Senior Risk Consultant, Marine, UK & Lloyd’s

AXA XL announced the appointment of Diego Cerquenich as senior risk consultant, Marine, UK & Lloyd’s, effective immediately.

Capt. Cerquenich will work with the marine underwriting team to further develop risk consultancy capabilities for clients and brokers. He will report to Chris McGuire, Head of Risk Consulting, UK & Lloyd’s while also working closely with Pascal Matthey, Chief Risk Consulting Officer, Marine.

Cerquenich joins AXA XL from ABL Group, the London-based energy and marine consultant.

As a master mariner, Capt. Cerquenich has extensive maritime and shipping knowledge, including command experience on dry bulk cargo vessels. In 2014, he turned his specialist skills to marine consultancy, focusing on investigating naval accident/incident, marine advice and charter party disputes as an expert witness and marine warranty surveyor.

“Our risk consultants play a vital role in helping to guide our clients by providing market leading risk consulting services, while at the same time, supporting our underwriters’ risk selection and assessment,” commented Sundeep Khera, global chief underwriting officer, Marine Hull, and head of Marine, UK & Lloyd’s, AXA XL, said:

“Diego’s valuable seafaring and marine warranty surveying experience, coupled with his loss prevention guidance, will bolster our already strong UK Marine team, supporting our growth ambitions in the region and enhancing our risk management offering to clients. I’m delighted to welcome Diego to the team.”

Topics Carriers Excess Surplus Lloyd’s