MedWatch

GN Hearing CEO takes pay cut due to downgrade and launch problems

In 2021, the CEO of GN Hearing, Gitte Aabo, has seen her pay reduced by DKK 1.5m (USD 229,741). R&D letdowns under her watch have resulted in a halving of her annual bonus.

Gitte Aabo, CEO of GN Hearing | Photo: GN Hearing / PR

In the year 2021, hearing aid manufacturer GN Hearing was meant to launch two new products. However, a failure from the company’s research and development department delayed the plans, causing both a guidance downgrade to ”around 16 percent” from earlier ”more than 25 percent” and the immediate departure of the man in charge of the team.

”We’ve matched expectations in our revised guidance. That said, I would have liked to see some things perform better in 2021. For example our R&D pipeline, and we have of course also faced headwinds from the pandemic,” CEO of GN Hearing Gitte Aabo tells MedWatch in connection with the company’s 2021 financial report on Thursday.

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