Carsten Stendevad, who was elected as member of the Board of Directors of Novo Holdings A/S on 18 March 2020, has decided to step down from his board position given new investment responsibilities at Bridgewater as co-Chief Investment Officer of Sustainability.

Lars Rebien Sørensen, Chairman of the Board of Directors of Novo Holdings, says: “I would like to express my gratitude to Carsten Stendevad for his contributions to the Board bringing knowledge to the table within economic analysis and investment management.”