Lars Fruergaard Jørgensen, CEO of Novo Nordisk, has joined Danmarks Nationalbank’s board of directors with effect from April 1.

Danmarks Nationalbank’s main task is to ensure stable economic conditions in Denmark, and the 25-person board of directors is the central bank’s supreme authority, which, among other things, conducts quarterly inspections, approves the annual accounts and sets the framework for appointments and salaries.

The board of directors consists of permanent secretaries appointed by the Minister of Trade and Industry, members of the Danish Parliament and representatives from the Danish business community and organizations. Members are elected for five years at a time and can be re-elected a maximum of two times.

Five of the members of the board of directors are appointed to Danmarks Nationalbank’s committee of directors. The current committee has been in office since Oct. 1, 2023.

Translated using DeepL with additional editing by Kristoffer Grønbæk