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Novo CEO's salary takes quantum leap - earns more than DKK 40 million

During the past year, Lars Fruergaard Jørgensen's salary increased by 30 percent, ensuring the Novo Nordisk CEO a pay package of more than DKK 40 million. In total, the wage bill for Novo's executive management amounts to DKK 178 million.

Foto: Novo Nordisk

The CEO in Denmark's largest drug group has plenty of reasons to be contented with his salary in 2018.

Last year, Lars Fruergaard Jørgensen raked in totaling DKK 41.3 million (USD 6.36 million) from Novo Nordisk, which is almost DKK 10 million more than his 2017 income of DKK 31.8 million. Fruergaard's salary thus increased by nearly 30 percent, according to Novo Nordisk's annual report, which was presented Friday.

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