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Ambu's CEO remains confident of job security despite run of bad news

One downgrade has been followed by another at medtech company Ambu, and CEO Juan Jose Gonzalez has yet to show shareholders any share value growth – but if his seat his getting warmer, he isn’t feeling it.

Ambu's CEO Juan Jose Gonzalez isn't showing signs of pressure despite having had to announce a string of downgrades to the company's guidance, as share price continues to plummet | Photo: Carsten Snejbjerg/Ritzau Scanpix

Despite a string of downgrades and adjustments in Ambu’s past three consecutive quarters, as well as circulating rumors that CEO Juan Jose Gonzalez’s seat is getting hotter, the man himself rejects the notion that his position is in jeopardy.

In May 2019, Gonzalez stepped into Ambu’s headquarters in the Danish town of Ballerup for the first time. Since then, he has been the company’s figurehead as six downgrades and adjustments have come and gone – the latest of which occurred today, in connection with Tuesday’s quarterly report. Share price growth, which despite some fluctuations has been on a steady decline of 12 percent since he was appointed, has been conspicuously absent.

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