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1992 - Novo Nordisk Foundation gets independent management and secretariat

Although the Novo Nordisk Foundation has its own Board, in the first few years after the merger, the executive management of Novo Nordisk A/S, with Mads Øvlisen at the helm, carries out the administrative tasks of the Foundation. Eventually the tasks become too demanding, and the Board decides to establish an independent administration with its own offices and director. Ulrik V. Lassen (photo) is appointed Director of the Novo Nordisk Foundation and steps down as research director of Novo Nordisk A/S.