US EditionBang & Olufsen Shares Drop Sharply After CEO Firing - The Copenhagen Post
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Kristian Teär steps down as CEO of Bang & Olufsen, CFO Nikolaj Wendelboe appointed interim CEO. Preliminary Q2 2025/26 key financials announced, and FY 2025/26 outlook narrowed
Bang & Olufsen announces that CEO Kristian Teär will step down as of today. The search for a new CEO is ongoing. In the meantime, Nikolaj Wendelboe will assume the role of interim...
Bang & Olufsen shares drop sharply after CEO firing - The Copenhagen Post
By Wednesday afternoon at 17:00, Bang & Olufsen’s stock fell by nearly 12.5%. The company announced in a stock exchange release that Kristian Teär, CEO since 2019, was dismissed immediately. Additionally, Bang & Olufsen revised its revenue growth expectations for the current fiscal year from 1-8% to 1-5%. In the first half of its fiscal […]
Kristian Teär fired as CEO of Bang & OlufsenKristian Teär, who has been CEO of Bang & Olufsen since 2019, is stepping down as CEO, which the board of directors has decided. This is stated in a statement.
Kristian Teär, CEO of Bang & Olufsen, is no longer with the company. He was not the right person to take the company through the next phase, the board of directors says.
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