Demant announced a change of leadership in its Hearing Implants business area, operating under the Oticon Medical brand. Jes Olsen, President of Oticon Medical, has decided to retire from the company at the beginning of March 2022, and Søren Nielsen, President & CEO of Demant, will take on the role as President of Oticon Medical until a replacement for Jes Olsen has been found. Jes Olsen, who has been with the Demant Group since 1985 and has spearheaded Oticon Medical since the establishment of the company in 2008, will continue in an advisory role for Oticon Medical to ensure a smooth transition. Considering the important business development efforts and ambitious roadmap for Oticon Medical in 2022 and
onwards, Søren Nielsen will take on the leadership of Oticon Medical for the time being in addition to his current responsibilities as CEO of Demant. In order to stay fully focused on implementing and verifying the solution to the issue relating to the recently announced voluntary field corrective action, Demant has chosen to postpone the appointment of a new President of Oticon Medical but will start the search in due course.