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Lundbeck appoints new CFO and Head of Corporate Functions

CFO

Lundbeck has announced that Joerg Hornstein is appointed Chief Financial Officer (CFO) and member of Lundbeck’s Executive Management.

He will assume the role no later than September 1, 2022.

“Following a thorough internal and external search, we are delighted to welcome Joerg to Lundbeck. He brings extensive experience in delivering results and creating value across increasingly complex financial roles in Merck KGaA, Unternehmensgruppe Theo Mueller, and most recently as CFO of AC Immune. Joerg has a strong mix of understanding of neuroscience and pharma, exceptional operational experience across multiple functions and countries and demonstrated ability to lead through business transformations. The insights he has gained by leading across cultures and through periods of significant change, will be valuable in ensuring Lundbeck continues to be well positioned for sustainable, long-term value creation in the years ahead,” says Deborah Dunsire, CEO of Lundbeck.

Joerg Hornstein

Joerg is an action-oriented, change-driven leader with a strong track record in integrating, restructuring, scaling up, and improving business performance and productivity in pharmaceutical, biotech and fast-moving consumer goods (FMCG) industries, according to Lundbeck. He has proven experience in executive management roles and as a principal financial advisor to Boards of Directors, the company states.

Joerg will join Lundbeck from AC Immune, headquartered in Lausanne, Switzerland, where he currently serves as Executive Vice President and Chief Financial Officer. Over the years, he led a financial transformation of the company’s operations leading to a strengthened financial and investor position. He also implemented state of the art systems and processes across all corporate functions and a new portfolio investment approach. The company is listed on NASDAQ stock exchange in the United States.

Prior to AC Immune, he served as Senior Vice President and Head of Group Controlling for Unternehmensgruppe Theo Mueller, a consumer products company with operations across the entire value chain, with annual revenue of approximately 7 billion Euros. In this role Joerg transformed the financial profile of the business during periods of major acquisitions and significant organic growth.

Joerg started his career with Merck KGaA where he spent 12 years in financial roles of increasing responsibility across different businesses, including roles at the Headquarters in Germany, as well as in Indonesia, China and the USA. He has lived in six countries and is a German national.

Photo: iStock

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