GN Store Nord announces that René Svendsen-Tune, who recently turned 67, will step down after eight successful years as CEO of GN Audio to devote more time to his board career. As new CEO of GN Audio, GN announced the appointment of Peter Karlstromer (51), who will join GN and assume his new role as of January 16, 2023. Peter Karlstromer joins GN from the Securitas Group, where he was Divisional President, Europe.

Prior to this, Karlstromer has a long leadership track record within telecom and technology and has held several international senior leadership positions in Cisco Systems. Before his Cisco career he was a partner with McKinsey & Company, working with multiple aspects of technology and telecoms around the world. With this leadership transition, GN's Board of Directors wishes to reconfirm GN Audio's strategy and plans. Together with the strong leadership team, talented employees, and agile organization, the Board is convinced that Peter Karlstromer is the right leader to continue GN Audio's development short and long term.

To ensure a seamless transition, the Board is pleased that René Svendsen-Tune has agreed to stay on well into 2023. The Board is confident that this change of CEOs will have no impact on GN Audio's ability to execute in line with its communicated plans. Resume on Peter Karlstromer: Born: 1971; Nationality: Swedish; Education: M.Sc., Management, Business Administration and Economics, Lund University; M.Sc., Electrical and Electronics Engineering, Faculty of Engineering at Lund University.

Career: 2019 - 2021: Divisional President, Europe, Securitas Group; 2012 - 2019: Cisco Systems; 2017 - 2019: Senior Vice President, EMEAR Service Providers; 2015 - 2017: Senior Vice President, Northern Europe; 2012 - 2015: Vice President, Northern Europe; 1997 - 2012: McKinsey & Company; 2007 - 2012: Partner Technology and Telecoms, Middle East, Africa and Asia; and 1997 - 2007: Partner Technology and Telecoms, Europe.