COPENHAGEN, Oct 8 (Reuters) - Danish TV and speaker maker Bang & Olufsen said on Tuesday that former vice president at Logitech Kristian Tear would replace Henrik Clausen as chief executive with immediate effect.
Shares in B&O are down more than 70% over the past year as it has been struggling with weak demand for its televisions and has repeatedly cut its sales and profit outlook.
B&O did not provide a reason for the replacement and was not immediately available for a comment. (Reporting by Andreas Mortensen Editing by Shri Navaratnam)
