Novo Holdings Strengthens Board of Directors with Global Investment Experts

Novo Holdings Strengthens Board of Directors with New Appointments

In a move that solidifies its commitment to enhancing global perspectives and strategic capabilities, Novo Holdings has appointed four esteemed individuals to its Board of Directors. Effective May 14, 2025, these new members—Jun Sung Kim, Lars Green, N.P. 'Narv' Narvekar, and Torsten Sløk—bring a wealth of experience and expertise that is expected to play a vital role in shaping the company's future direction.

Expanding Horizons with Diverse Expertise

Novo Holdings, which manages the assets of the Novo Nordisk Foundation, aims to improve health and promote sustainability by generating long-term returns. The introduction of these new board members is strategically aligned with this mission, ensuring that the Board has a broader perspective on investment opportunities across both U.S. and international markets.

Lars Rebien Sørensen, the Chair of the Board, expressed his enthusiasm: “We are thrilled to welcome Jun Sung, Lars, Narv, and Torsten to our board. Each of them brings a unique set of skills and experiences that will help us continue to grow and evolve.”

Jun Sung Kim comes with over three decades of investment management experience, having held prominent positions at organizations such as GIC, Warburg Pincus, and Samsung Asset Management. Currently, he oversees the National University of Singapore's endowment fund and serves on the main board of Samsung Electronics. His global investment perspective is seen as essential for Novo Holdings' further expansion, particularly in Asia.

Lars Green, with a long-standing career at Novo Nordisk, previously served as an Executive Vice President and CFO. His deep institutional knowledge and experience across different regions will foster strategic alignment within the Novo Group, ensuring continuity as the company navigates through ongoing transformations.

N.P. 'Narv' Narvekar, recognized for his leadership in investment organizations, has overseen substantial endowments as the CEO of Harvard Management Company. His extensive expertise adds a layer of strategic depth to the board, which is particularly beneficial for Novo Holdings as it seeks to navigate complex financial environments while adhering to its philanthropic objectives.

Lastly, Torsten Sløk, a world-renowned economist currently serving as Chief Economist of Apollo Global Management, is known for his insights into macroeconomic trends and policy implications. His analytical capabilities and background in investment advisory are expected to inform the long-term strategies at Novo Holdings.

Acknowledging Past Contributions

Alongside welcoming newcomers, the organization acknowledges the contributions of outgoing board members Jean-Luc Butel and Jeppe Christiansen. Their leadership has been instrumental in cultivating Novo Holdings' presence in Asia and enhancing its global outlook.

Sørensen expressed heartfelt gratitude towards Butel and Christiansen: “Jean-Luc has been vital in establishing our Singapore office, and after years of dedicated service, Jeppe's foundational work has left a lasting impact on our positioning.”

Looking Forward

With these strategic appointments, Novo Holdings aims to leverage the experiences and knowledge of its new board members to further its mission. The company is committed to generating attractive returns while adhering to its core values of health and sustainability.

As it steps forward into a changing financial landscape, the enhanced Board of Directors positions Novo Holdings at the forefront of the life sciences investment sector, affirming its role as a global leader invested in the future of health and sustainability.

With total assets amounting to EUR 142 billion as of the end of 2024, Novo Holdings is well-prepared to capitalize on the diverse opportunities in the investment landscape ahead. As they embark on this promising journey, the synergy of new insights and established leadership is sure to drive the company towards greater success.

For more information, visit Novo Holdings Official Website.