ARCHIVED FORUM -- March 2012 to February 2022READ ONLY FORUM
This is the second Archived Forum which was active between 1st March 2012 and 23rd February 2022
Some of you might even have met him - most of you know of him.
Sadly the news about his dead could be read on the danish DR.dk site
Ole just reached the age of 63.
https://www.dr.dk/nyheder/penge/bo-formand-ole-andersen-er-doed
Ole has been the chairman of the board of the Bang & Olufsen company since 2011 and has been stearing the company in his way through many tuff years.
Bang & Olufsen has changed much in his time as the chairman - some like it less than others.
I have met him on several occations - he was always very engaged when it came to maintaining the spirit of
B&O at times where new initiatives had to be taken.
Ole was involved in some other companies as board member etc as well - but his dearest job was being the chaiman of B&O.
RIP Ole Andersen.
P.S. The extraordinary meeting that is announced for tomorrow is to be held as planed - Juha Christensen will be in charge of the meeting.
MM
There is a tv - and there is a BV
Here is something in english:
https://www.bloomberg.com/news/articles/2020-06-02/bang-olufsen-says-its-chairman-ole-andersen-has-died
sometimes managing a company like B&O with it's rich and long legacy is really hard. But I also believe the recent focus, strategy and product roadmap are pretty good. Hope his dreams for a successful B&O come to fruition. From what I know the proposed fund raise has already been subscribed if the board approves.
I don't think being acquired by Sparkle will help B&O. Better product-market fit will...
B&O in my life 😊:
Jaffrey2230: From what I know the proposed fund raise has already been subscribed if the board approves.
From what I know the proposed fund raise has already been subscribed if the board approves.
No ‘approval’ from the board needed!
II t is a suggestion/a plan from the board - it needs the approval from the shareholders, actually 2/3 of them.
It is supported by the directors of the company.....CEO etc.
Many of the current investors have already given their accept for further investment....given that the shareholders vote yes.
More on this tomorrow after the meeting.
Thank you for sharing the sad news. I'd not heard about it yet hear in the US.
-Gregg