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United States

GN Store Nord A/S (GN.CO)

GN.CO on Copenhagen Stock Exchange

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8 Dec 2017
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Summary

Name Age Since Current Position

Per Wold-Olsen

69 2008 Independent Chairman of the Board

William Hoover

68 2008 Independent Deputy Chairman of the Board

Marcus Desimoni

48 2016 Member of the Executive Management; Chief Financial Officer of GN Store Nord and GN Hearing

Anders Hedegaard

57 President & Chief Executive Officer, GN Store Nord & GN Hearing; Member of the Executive Management

Rene Svendsen-Tune

61 2015 Member of the Executive Management, President and Chief Executive Officer of GN Store Nord & GN Audio

Morten Andersen

54 2011 Director, Employee Representative

Nikolai Bisgaard

66 2006 Director, Employee Representative

Leo Larsen

58 2007 Director, Employee Representative

Ronica Wang

55 2015 Director

Helene Barnekow

53 2013 Independent Director

Carsten Krogsgaard Thomsen

60 2008 Independent Director

Wolfgang Reim

60 2008 Independent Director

Peter Justesen

2015 Vice President Investor Relations & Treasury

Biographies

Name Description

Per Wold-Olsen

Mr. Per Wold-Olsen has served as Independent Chairman of the Board of Directors of GN Store Nord A/S since June 2008. He also chairs the Company’s Remuneration and Nomination Committees and holds a Member position on the Strategy Committee. Mr. Wold-Olsen has over 30 years of executive experience from Merck & Co., Inc. He joined the company in 1991 and held various assignments. From 1994 to 2006 he was Member of the company’s Management Committee. In 2006, he retired from Merck as President of the Intercontinental Division (Europe, Eastern Europe, Africa, the Middle East, India, Latin America and Africa). He started his career as Managing Director in pharmaceutical company MSD Norway (1976-1991). Mr. Wold-Olsen serves as Chairman of the Boards of GN Audio A/S and GN Hearing A/S, Chairman of the Board of Medicines for Malaria Venture and member of the boards of Gilead Sciences Inc. and Novo A/S. He has global leadership experience and knowledge of the healthcare industry. He has capabilities within marketing and product development, as well as commercialization of innovation. He has knowledge of United States market and emerging markets. He obtained a Master of Business Administration degree.

William Hoover

Mr. William Ervin (Bill) Hoover, Jr. has been Independent Deputy Chairman of the Board of Directors of GN Store Nord A/S since 2008. He joined the Board in 2007 as its Independent Director. He is also Member of the Company's Remuneration, Nomination and Strategy Committees. Mr. Hoover worked as Director for the management consulting firm McKinsey & Company, mostly in the Nordic region, for approximately 30 years, until July 2007. He serves as Chairman of the Board of Directors of ReD Associates and the GN Store Nord Foundation, as well as Deputy Chairman of the boards of GN Audio A/S and GN Hearing A/S, and as Member of the boards of Danfoss A/S, Lego Foundation, Neopost SA and Sanistaal A/S. He has knowledge from working with industrial and high-tech companies in the Nordic region within strategy, organization and M&A. He is experienced with supply chain/operations and has practical experience in helping Nordic multinationals rapidly scale up in emerging markets, especially in China and India. He holds a Master of Business Administration degree from Harvard University.

Marcus Desimoni

Mr. Marcus Desimoni has been appointed Member of the Executive Management of GN Store Nord A/S, and Chief Financial Officer (CFO) of the Company and GN Hearing effective as of February 15, 2016. He has more than 15 years of financial leadership experience within international finance and capital markets as well as experience in driving a global growth and profitability agenda. He has extensive experience from the Siemens Group over many years. During 2010-2015, he was group CFO of Siemens (now Sivantos) hearing aids. He holds Dipl.-Kfm. from the University of the Federal Armed Forces in Munich, Germany and a Master of Business Administration from the University of Wales, United Kingdom. Previously, he was Senior Advisor of Sivantos, Singapore (2015), CFO of Sivantos / Siemens Audiology Solutions, Singapore (2010–2015), Vice President and CFO of Siemens K.K., Japan (2008–2010), Head of Investor Relations & Equity Capital Markets of Siemens, Germany (2006–2007), Head of Investor Relations of Siemens, Germany (2001–2002), among others.

Anders Hedegaard

Mr. Anders Hedegaard serves as President and Chief Executive Officer of GN Store Nord and GN Hearing and Member of the Executive Management at GN Store Nord A/S. He has been Member of the Executive Management since August 1, 2014. He joined from a position as CEO of Bavarian Nordic A/S. He has managerial experience and has been overall responsible in driving revenue growth and improved productivity in global companies. He has experience in the pharmaceutical and MedTech industries from senior management positions in ALK-Abello A/S, FOSS A/S and Novo Nordisk A/S. He has a master’s degree in chemical engineering from the Technical University of Denmark.

Rene Svendsen-Tune

Mr. Rene Svendsen-Tune has been appointed Member of the Executive Management and President and Chief Executive Officer of GN Store Nord and GN Audio at GN Store Nord A/S, effective as of April 1, 2015. He was Independent Member of the Board of Directors of the Company from 2007 until March 16, 2015. He has also served as Member of the Company's Audit Committee. Mr. Svendsen-Tune has been President of Europe & Latin America at Nokia Solutions and Networks (NSN) and Member of its Executive Board since 2012. Prior to this, he was President and Chief Executive Officer of Teleca AB (2006-2012). He has 25 years of practical experience in the IT and Telecommunications industries. He joined Nokia in 1993 and has over the years held various positions with increasing responsibility. In 2001 he joined the Executive Management team at Nokia’s head office, where he became global Head of Marketing, Sales and Country Operations (Services) at Nokia Networks. Mr. Svendsen-Tune serves as Deputy Chairman of the Board of NKT Holding A/S. He has global management experience along with insight into global technology markets, global sales and technology investments from the fast moving telecommunications and consumer electronics sectors. He is a graduate of Danmarks Ingenioerakademi (now Danmarks Tekniske Universitet), Denmark.

Morten Andersen

Mr. Morten Andersen has served as Employee Representative on the Board of Directors of GN Store Nord A/S since 2011. He is Vice President, Component Manufacturing in Operations at GN Hearing. He joined GN ReSound in 2001 and was initially responsible for the technical departments of Plastic- and Hybrid Productions. In 2006, he was appointed Director for Component Manufacturing in Operations in charge of GN ReSounds production plant in Praestoe. Mr. Andersen holds a Bachelor of Science degree in Mechanical Engineering.

Nikolai Bisgaard

Mr. Nikolai Bisgaard has served as Employee Representative on the Board of Directors of GN Store Nord A/S since March 2006. He is Vice President (VP) External Relations at GN Hearing. He joined the Company in 1978 as Research & Development (R&D) Engineer at GN ReSound. He has been VP IPR since 2006. His other positions within the GN Group included Vice President R&D at GN ReSound (1991-1998), VP Product Marketing & Audiology and Senior Vice President Business Development & Industry Relations. He also worked as President of Viennatone G.m.b.H in Austria from 2001 until mid-2002, and afterwards joined GN Otometrics in Copenhagen as Head of Audiological Data System. Mr. Bisgaard holds a Master of Science degree in Electrical Engineering from Danmarks Tekniske Universitet.

Leo Larsen

Mr. Leo Larsen has served as Employee Representative on the Board of Directors of GN Store Nord A/S since 2007. He is Senior Director, Audio Research at GN Audio. He has previously been Chief Technology Officer at GN Netcom A/S since January 2003. He joined GN Netcom in 1987 and first served as a development engineer and later as a technology manager. Prior to that, he worked for Danmarks Tekniske Universitet and GN Danavox. Mr. Larsen holds a Master of Science degree in Electrical Engineering and a Diploma in Business Administration and International Trade.

Ronica Wang

Ms. Ronica Wang has been Director at GN Store Nord A/S since March 19, 2015. She is Member of the Audit Committee. She holds MBA (Business Administration) and B.A.Sc. (Industrial Engineering). She is Co-founder & global managing director of InnoGrowth Group Ltd. She also serves as Member of the boards of GN Audio A/S and GN Hearing A/S and Member of the boards in Active Kidz Shanghai and Pandora A/S. She has experience in building global brands, business transformation, as well as knowledge of consumer B2C and professional B2B2C marketing and distribution channels and e-commerce platforms in Asia, including digital marketing and social media from among others the FMCG, consumer health.

Helene Barnekow

Ms. Helene Barnekow has been Independent Member of the Board of Directors of GN Store Nord A/S since March 21, 2013. She is Member of the Remuneration Committee of the Company. She is CEO of Telia Sweden. She also serves as Member of the boards of GN Audio A/S and GN Hearing A/S. She has 20 years of experience from go to market, marketing, branding, communications, product management, channel management and general management. She holds a Master of Science degree in International Business from the University of Lund and has also completed master studies at ESCP in Paris and Webster University in Geneva. From 2001 to 2009, she worked for Sony Ericsson Mobile Communications where she held various management positions within marketing. In 2009 she joined EMC Corporation as Vice President, Marketing EMEA. In 2011 she was appointed Senior Vice President, Worldwide Field & Channel Marketing at EMC Corporation.

Carsten Krogsgaard Thomsen

Mr. Carsten Krogsgaard Thomsen has been Independent Member of the Board of Directors of GN Store Nord A/S since 2008. He also serves as Chairman of the Company's Audit Committee. Mr. Krogsgaard Thomsen has been Chief Financial Officer (CFO) of NNIT A/S since 2014. He is Member of the Boards of GN Audio A/S and GN Hearing A/S. He was previously CFO of DONG Energy from 2002 until 2013. Prior to this, he served as Chief Financial Officer of Danish State Railways (DSV) since 1995. He started his career with managerial level positions at Andelsbanken, the Danish Ministry of Finance, and the Danish Ministry of Interior. Hereafter he worked as Management Consultant for McKinsey & Company followed by a position of Finance Director at Copenhagen University Hospital. He has experience within finance, accounting, auditing, risk management and Information technology from executive positions in both the public and private sector. He holds a Master of Science degree in Economics from Koebenhavns Universitet.

Wolfgang Reim

Dr. Wolfgang Reim has been Independent Member of the Board of Directors of GN Store Nord A/S since 2008. He also serves as Member of the Company’s Audit Committee and Chairman of the Strategy Committee. Mr. Reim is professional board member and self-employed consultant within the medical industry. In the past, he spent several years at Siemens AG (1987-2000), where he held various executive management positions in Germany and the United States, including five years within the global executive team. Later on, he was President and Chief Executive Officer of Drager Medical AG (2000-2007). Mr. Reim serves as Chairman of the Board of Ondal Medical Systems GmbH and Member of the Boards of Directors of Elekta A/S, GN Audio A/S and GN Hearing A/S and MedLumics S.L. He has global leadership experience from the healthcare industry and special knowledge in the areas of business process re0engineering, innovation management, global sourcing and supply chain management. He also has M&A understanding. He holds a Doctorate of Philosophy degree in Physics from ETH Zurich, Switzerland.

Peter Justesen

Basic Compensation

Name Fiscal Year Total

Per Wold-Olsen

1,850,000

William Hoover

1,225,000

Marcus Desimoni

9,000,000

Anders Hedegaard

13,400,000

Rene Svendsen-Tune

10,400,000

Morten Andersen

250,000

Nikolai Bisgaard

250,000

Leo Larsen

250,000

Ronica Wang

600,000

Helene Barnekow

600,000

Carsten Krogsgaard Thomsen

750,000

Wolfgang Reim

900,000

Peter Justesen

--
As Of  30 Dec 2016