GN Store Nord announces changes to the Board of Directors
January 26 2023 - 3:34AM
GN Store Nord announces changes to the Board of Directors
- GN Chair of the Board, Per Wold-Olsen, will not seek
re-election at the AGM
- The Board will propose Deputy Chair Jukka Pekka Pertola as the
new Chair of the Board and will propose the AGM to elect Klaus
Holse as new member of the Board
GN’s long serving Chair of the Board, Per Wold-Olsen, today
informed the Board that he will retire from the Board at the Annual
General Meeting in March.
In accordance with the recommended best practices for corporate
governance, Per Wold-Olsen had planned to retire earlier, but large
shareholders requested him to stay on. This was in order to ensure
continuity following a new composition of the Board in March 2020
with three new external members joining and following the
extraordinary circumstances resulting from the COVID-19 pandemic,
the war in Ukraine and, finally, following GN’s strategic
acquisitions of Lively and SteelSeries.
With this now behind us – and with Per Wold-Olsen recently
becoming “overboarded” and also no longer being viewed as an
independent board member in GN – time has come to for him to step
down. The Board’s Deputy Chair since 2020, Jukka Pekka Pertola,
will stand for re-election and the current Board has informed the
company that it intends to constitute itself with Jukka Pekka
Pertola as the new Chair of the Board. In this connection, Jukka
Pekka Pertola has announced that he will reduce his number of other
board and chair positions latest in August 2023 to fully comply
with governance standards and investor requirements.
Further, the Board will at the Annual General Meeting propose
Klaus Holse to be elected as new member of the Board of Directors
for GN Store Nord. Klaus Holse is a long time executive in global
technology companies such as Oracle, Microsoft, and most recently
as CEO of SimCorp. Today, Klaus Holse works as a full-time board
professional in technology driven businesses. He is also Chair for
the Confederation of Danish Industry.
Per Wold-Olsen has led GN through major
transformationsPer Wold-Olsen joined the Board in 2008 as Chair
and has led GN Store Nord’s Board through 15 years that have
fundamentally transformed the company – from a Danish-based hearing
aid and headset company to a truly global technology company
delivering innovation leadership across multiple user segments in
select attractive markets characterized by high growth and high
entry barriers.
Deputy Chair Jukka Pekka Pertola comments: “Per Wold-Olsen has
had immense importance for the positive development that GN has
undergone, taking over in years of crisis and turnaround leadership
and now handing over a company with very strong market positions
and strong performance despite the current macro-economic
headwinds. I’m honored to pick up the baton and look forward to
continuing working closely with the Board and Management in driving
the company forward based on our highly successful strategy.”
Chair Per Wold-Olsen comments: “It has been my pleasure to serve
as chair of the Board of this great company for the past 15 of its
150-year legacy. We have taken GN from a loss-making DKK 6 billion
revenue company in 2008, more than tripled that revenue, and have
transformed it into a highly profitable innovation leader in
carefully selected and attractive market segments. With a
future-proof strategy and a strong organization and leadership in
place, it is now time for me pass on to my successor the
responsibility for taking advantage of the many great opportunities
ahead of GN. I would like to express my sincere gratitude to my
current and past colleagues on the Board, our leadership team as
well as to the thousands of engaged and talented GN managers and
employees across the world who tirelessly and with much ingenuity
work to benefit GN’s customers with world-class products and
services, and thereby benefit GN’s shareholders.”
The notice to convene the Annual General Meeting on March 15,
2023, is expected to be issued on February 20, 2023.
For further information, please contact:
Investor RelationsAnne 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 GN
GN facilitates communication between people through intelligent
hearing, audio, video, and gaming technology. Inspired by people
and driven by our passion for innovation, we leverage technologies
to deliver unique user experiences that bring people closer through
the power of sound and vision.
GN was founded more than 150 years ago with a vision to connect
the world. Today, we proudly honor that legacy with our
world-leading expertise in the human ear, audio, video and speech,
wireless technologies, software, miniaturization, and collaboration
with leading technology partners. GN's solutions are marketed by
the brands ReSound, SteelSeries, Jabra, Beltone, Interton,
BlueParrott, Danavox and FalCom in 100 countries. Founded in 1869,
the GN Group employs 8,000 people and is listed on Nasdaq
Copenhagen (GN.CO).
Visit our homepage GN.com - and connect with us on LinkedIn,
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- Announcement 3 - GN announces changes to Board of
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