Demant Vice Chair sells shares for over USD 5m

Former long-time CEO of Demant Niels Jacobsen, who is currently vice-chairman of the board of directors and CEO of major shareholder William Demant Invest, is selling off private shares.

Former long-standing CEO of Demant, Niels Jacobsen, buys and sells both shares in the company as CEO of William Demant Invest but also personally, having just sold a huge portion of shares. | Photo: Niels Hougaard

by ULRICH QUISTGAARD, MARKETWIRE ‎

Niels Jacobsen, Vice Chairman of the Board of Demant and former CEO for many years, has sold a huge amount of shares in the company, an insider announcement on Wednesday afternoon states.

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Former Demant Executive Vice President Arne Boye Nielsen was found responsible for creating an "unsafe psychological work environment" in an internal legal investigation. | Foto: Demant / Pr

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