William Demant Holding A/S
Extension of the Executive Board of William Demant

DGAP-News: William Demant Holding A/S

2015-06-16 / 10:29

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Company announcement no 2015-09                              16 June 2015



Extension of the Executive Board of William Demant





William Demant Holding A/S has employed René Schneider to fill a newly created
position as Chief Financial Officer, CFO, and promoted Søren Nielsen to Chief
Operating Officer, COO. Both René Schneider and Søren Nielsen will become
members of the Executive Board of William Demant, headed by President & CEO,
Niels Jacobsen. 



René Schneider comes from a position as CFO with Auriga Industries, which he
has held since 2013. He has formerly also been employed with NNIT, Novo Nordisk
and NeuroSearch. 



Søren Nielsen has been employed with William Demant since 1995. For the past
two decades, he has held different positions with the Group, and since 2008, he
has been President of Oticon A/S. 



'William Demant has seen impressive growth for more than 20 years and is today
one of the biggest players in its industry on a global scale. From previously
mainly being known for developing and manufacturing hearing instruments, we are
today active within several other important areas, the purpose of which is to
treat and alleviate hearing loss. In a changing market, with growing
investments and increasing complexity, we are now extending the Executive Board
with a view to supporting our ambition of becoming a global market leader in
hearing healthcare,' says Lars Nørby Johansen, Chairman of the Board. 'Implants
and bone-anchored hearing systems are both areas that hold considerable
potential. At the same time, our existing hearing instrument and diagnostics
businesses are growing in a market with increasing competition.' 



With the acquisition of Audika, the Group will at the end of the year reach
annualised revenue of approx. DKK 11 billion. The number of staff will
consequently exceed 11,000. Continued, considerable investments in Oticon
Medical are expected to result in a significant expansion of our business in
the coming years. 



'René Schneider will become overall responsible for implementing the Group's
already initiated change and efficiency improvement projects in Shared
Services, e.g. IT, Finance and Administration as well as Operations and Supply
Chain,' says Niels Jacobsen, President & CEO of William Demant. 'Søren Nielsen
will continue to be responsible for our entire wholesale hearing instrument
business. In addition, one of his main tasks will be to ensure that we realise
synergies across all our business activities.' 



Going forward, the Management group of William Demant will consist of six
people. Apart from the Executive Board, the Management group will consist of
Arne Boye Nielsen (Diagnostics), Niels Wagner (Retail) and Svend Thomsen
(Finance). 



Stefan Ingildsen, Senior Vice President, Finance, will continue in his present
position as responsible for Finance and Investor Relations etc. until 1
September 2015 when René Schneider will take up his position as CFO. 



'Stefan Ingildsen has worked closely with me for the past ten years and has
during that time made a tremendous effort in Finance and Investor Relations. He
will leave the Group at his own request,' says Niels Jacobsen. 





                                  ¨ ¨ ¨ ¨ ¨ ¨ ¨





Further information:

Lars Nørby Johansen, Chairman of the Board

Niels Jacobsen, President & CEO

Phone +45 3917 7300

www.demant.com













Enclosures: Biographies of René Schneider and Søren Nielsen
News Source: NASDAQ OMX



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Language:    English                     
Company:     William Demant Holding A/S  
 
 
             Denmark                     
ISIN:        DK0010268440                
 
 
End of News    DGAP News-Service  
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368651 2015-06-16