GN CEO steps down as group shifts to "fully integrated innovation powerhouse" governance structure

The Danish hearing giant GN Group has announced a management shake-up that will see a compact executive across its businesses led by Peter Karlstrome ras CEO, who takes over from the departing Gitte Aabo.

Published on 06 September 2023

GN CEO steps down as group shifts to “fully integrated innovation powerhouse” governance structure

In a September 4 announcement lauding its “long and proud history as a technology innovator” and current “strong positions in attractive hearing, enterprise collaboration, and consumer gaming markets”, GN’s board of directors said it is moving to a “one-company governance structure”.

While Aabo steps down from her executive roles as CEO of GN Store Nord and GN Hearing to devote herself to a board career in non-executive positions, Peter Karlstromer and Group CFO Søren Jelert will constitute the Executive Management of GN.

Expressing the Group’s gratitude to Aabo for successfully leading for the past four years and leaving GN Hearing in “great shape”, Chair of the Board, Jukka Pertola commented: “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.

For his part, the new CEO Karlstromer said: “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.”

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.

Source: GOV.UK/Demant