GN moves to “one company” governance structure; appoints Peter Karlstromer to Group CEO
04 Settembre 2023 - 5:49PM
GN moves to “one company” governance structure; appoints Peter
Karlstromer to Group CEO
The GN Group has a long and proud history as a technology
innovator and, today, enjoys strong positions in attractive
hearing, enterprise collaboration, and consumer gaming markets. In
recent years, GN has increasingly expanded collaboration and
integration across its two business divisions, GN Hearing and GN
Audio, thus benefitting from joint innovation and leveraging
combined scale to drive growth and profitability.
GN’s Board of
Directors has now decided to execute the next step of integration
and transition into a one-company setup, simplifying the Group’s
governance structure to drive further market success and
shareholder value creation as a fully integrated innovation
powerhouse. This includes a transition into one company with one
Board, one Group CEO, and one Group CFO.
The Board has
appointed Peter Karlstromer as the Group CEO. In the coming months
Peter will form the new executive leadership team and design the
new organizational structure of GN.
Gitte Aabo will step
down from her executive roles as CEO of GN Store Nord and GN
Hearing as she wishes to devote herself to a full-time board
career. Going forward, Peter Karlstromer and Group CFO Søren Jelert
will constitute the Executive Management of GN.
These changes will
take effect on October 1, 2023. Gitte Aabo is committed to stay on
through the remainder of 2023 to ensure a seamless
transition.
Chair of the Board,
Jukka Pertola, comments: “The time has come to further align into
one company. The changes we are making will simplify our governance
and strengthen the way we operate. We have significant
opportunities ahead of us and I am pleased that Peter Karlstromer
has accepted the role as Group CEO to lead the business as we move
into the future. On behalf of the Board, I would also like to
express our gratitude for the turnaround of GN Hearing that Gitte
has successfully led over the past four years. Following this, we
respect her decision to now fully focus on her board career as she
leaves our hearing business in great shape. I wish her all the best
for her future.”
Peter Karlstromer,
comments: “I am proud to take on the role as Group CEO. We are in
strong positions across our company, and I am excited to lead a
customer focused organization that brings innovation to our
customers and partners. I believe that moving to “One GN” will make
us a better workplace with benefits to all the valued employees we
have today and will attract in the future. Our simplified
governance will also allow us to further benefit from the scale and
strengths we have across our company and accelerate our path to
success and superior shareholder value creation.”
Gitte Aabo comments:
“Four years ago we set out to modernize hearing care and enable
everybody to find a hearing solution that fits their lifestyle. I
could not be prouder of how our teams have led this innovation and
brought leading products successfully to the market. The time is
right for me to take a next step that will allow me to fully
dedicate myself to support companies in non-executive roles. I
firmly believe that the changes we do now in GN to move to “one
company” is right for our business, our people, and our
shareholders, and I’m looking forward to assisting with making this
transition seamless and successful.”
For further information, please contact:
Investor Relations Anne Sofie Staunsbæk Veyhe
+45 45 75 85 06Rune Sandager +45 45 75 92 57
Media Relations Steen
Frentz Laursen +45 20 65 34 20
About GNGN brings people closer
through our leading intelligent hearing, audio, video, and gaming
solutions. Inspired by people and driven by innovation, we deliver
technology that enhance the senses of hearing and sight. We help
people with hearing loss overcome real-life challenges, improve
communication and collaboration for businesses, and provide great
experiences for audio and gaming enthusiasts.
GN was founded more than 150 years ago with a vision to connect
the world. Today, inspired by our strong heritage, GN touches more
lives than ever with our unique expertise and the broadest
portfolio of products and services in our history – bringing people
closer to what is important to them.
We market our solutions with the
brands Jabra, ReSound, SteelSeries, Beltone, Interton, BlueParrott,
Danavox, and FalCom in 100 countries. Founded in 1869, GN Group
employs more than 7,500 people and is listed on Nasdaq Copenhagen
(GN.CO).
Visit our homepage GN.com - and
connect with us on LinkedIn, Facebook and Twitter
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