Who is Maziar Mike Doustdar? Novo Nordisk calls a new CEO to tackle 'market challenges' | Company Business News

Danish drugs Novo Nordisk named Mazir Mike Doustdar on Tuesday as his new CEO. The company, which is known for its block-turn diabetes and weight loss medicine Ozempic and Wegovy, made this announcement, along with lowering its earnings forecasts. Doustdar, an executive in the business, has been responsible for tackling ‘recent market challenges’ for more than three decades. Doustdar’s background: Education, family and previous roles Maziar Mike Doustdar has been working with Novo Nordisk since 1992. He started working as an office clerk in the business. However, he quickly rose through the ranks and became a key figure in the core enterprise of the business. He has a BA in international affairs at Webster University, Vienna (1994), and later has an executive training of Harvard Business School, which specializes in Leadership & Strategy for Pharmaceutical & Biotech (2012). Doustdar currently lives in Switzerland with his wife and younger son who are both Dutch citizens. He also has an older boy living in Scotland for his higher education. Role and responsibilities Novo Nordisk announced the departure of its CEO, Lars Fruergaard, in May this year, citing “market challenges” as the reason. Fruergaard’s position will be replaced by Maziar Mike Doustdar, who currently serves as the vice president of the company for international operations, AFP reports. In his current role, he leads nearly 20,000 employees in five regions. In addition to being an executive officer at Novo Nordisk, Doustdar also serves on the Council of Orion Corporation and the International Community School in Zurich’s board of trustees. “We are confident that he is the best person to lead Novo Nordisk through his next growth phase,” said Helge Lund, chairman of the council. Lund further declared the ‘market challenges’, who urged the former CEO of the former CEO, and added that “the market is developing rapidly, and that the company should tackle recent market challenges with speed and ambition.”