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1966 - Harald Pedersen dies

Harald Pedersen dies and Hans H. Ussing becomes Chair of the Board of the Novo Foundation. However, Knud Hallas-Møller, Managing Director of Novo Terapeutisk Laboratorium, is the actual leader. A member of the Board of the Novo Foundation since it was established in 1951, he assumes control and overall responsibility after the Pedersen brothers die. Although he is Harald Pedersen’s son-in-law and is part of the family, he transforms the Novo Foundation during the 1960s and 1970s from a family-controlled foundation to a commercial foundation. He retires from the Board of the Foundation in 1983.