Hearing health

Demant CEO takes pay cut following bottom-line drop in 2022

The Danish hearing firm’s executive board has been paid a total of DKK 38.4m (USD 5.5m) during the now-concluded financial year.
Søren Nielsen, CEO of Demant, got 1.7% less salary in 2022 compared to the year before | Photo: Kenneth Lysbjerg Koustrup/Jyllands-Posten/Ritzau Scanpix
Søren Nielsen, CEO of Demant, got 1.7% less salary in 2022 compared to the year before | Photo: Kenneth Lysbjerg Koustrup/Jyllands-Posten/Ritzau Scanpix
by albert rønning-andersson, translated by daniel pedersen

Chief Executive Officer at Demant Søren Nielsen presented Tuesday the Danish hearing aid manufacturer’s full-year 2022 report, which acknowledged that profit had gone down from the preceding year.

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