GN Store Nord A/S: GN moves to 'one company' governance structure; appoints
Peter Karlstromer to Group CEO

EQS-Ad-hoc: GN Store Nord A/S / Key word(s): Personnel
GN Store Nord A/S: GN moves to 'one company' governance structure; appoints
Peter Karlstromer to Group CEO

04-Sep-2023 / 18:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The GN Group has a long and proud history as a technology innovator and,
today, enjoys strong positions in attractive hearing, enterprise
collaboration, and consumer gaming markets. In recent years, GN has
increasingly expanded collaboration and integration across its two business
divisions, GN Hearing and GN Audio, thus benefitting from joint innovation
and leveraging combined scale to drive growth and profitability.

GN's Board of Directors has now decided to execute the next step of
integration and transition into a one-company setup, simplifying the Group's
governance structure to drive further market success and shareholder value
creation as a fully integrated innovation powerhouse. This includes a
transition into one company with one Board, one Group CEO, and one Group
CFO.

The Board has appointed Peter Karlstromer as the Group CEO. In the coming
months Peter will form the new executive leadership team and design the new
organizational structure of GN.

Gitte Aabo will step down from her executive roles as CEO of GN Store Nord
and GN Hearing as she wishes to devote herself to a full-time board career.
Going forward, Peter Karlstromer and Group CFO Søren Jelert will constitute
the Executive Management of GN.

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.

Chair of the Board, Jukka Pertola, comments: 'The time has come to further
align into one company. The changes we are making will simplify our
governance and strengthen the way we operate. 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. On behalf of the Board, I would also like to express our gratitude
for the turnaround of GN Hearing that Gitte has successfully led over the
past four years. Following this, we respect her decision to now fully focus
on her board career as she leaves our hearing business in great shape. I
wish her all the best for her future.'

Peter Karlstromer, comments: 'I am proud to take on the role as Group CEO.
We are in strong positions across our company, and I am excited to lead a
customer focused organization that brings innovation to our customers and
partners. 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.'

Gitte Aabo comments: 'Four years ago we set out to modernize hearing care
and enable everybody to find a hearing solution that fits their lifestyle. I
could not be prouder of how our teams have led this innovation and brought
leading products successfully to the market. The time is right for me to
take a next step that will allow me to fully dedicate myself to support
companies in non-executive roles. I firmly believe that the changes we do
now in GN to move to 'one company' is right for our business, our people,
and our shareholders, and I'm looking forward to assisting with making this
transition seamless and successful.'

For further information, please contact:

Investor Relations
Anne Sofie Staunsbæk Veyhe +45 45 75 85 06
Rune Sandager +45 45 75 92 57

Media Relations
Steen Frentz Laursen +45 20 65 34 20


About GN
GN brings people closer through our leading intelligent hearing, audio,
video, and gaming solutions. Inspired by people and driven by innovation, we
deliver technology that enhance the senses of hearing and sight. We help
people with hearing loss overcome real-life challenges, improve
communication and collaboration for businesses, and provide great
experiences for audio and gaming enthusiasts.

GN was founded more than 150 years ago with a vision to connect the world.
Today, inspired by our strong heritage, GN touches more lives than ever with
our unique expertise and the broadest portfolio of products and services in
our history - bringing people closer to what is important to them.

We market our solutions with the brands Jabra, ReSound, SteelSeries,
Beltone, Interton, BlueParrott, Danavox, and FalCom in 100 countries.
Founded in 1869, GN Group employs more than 7,500 people and is listed on
Nasdaq Copenhagen (GN.CO).

Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and
Twitter


End of Inside Information

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   Language:       English
   Company:        GN Store Nord A/S
                   Lautrupbjerg 7
                   2750 Ballerup
                   Denmark
   Phone:          +45 457 50000
   E-mail:         investor@gn.com
   Internet:       www.gn.com
   ISIN:           DK0010272632
   WKN:            854734
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Munich, Stuttgart, Tradegate
                   Exchange
   EQS News ID:    1718585

End of Announcement EQS News Service
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1718585 04-Sep-2023 CET/CEST