New CEO for Bang & Olufsen

Danish high-end AV brand Bang & Olufsen has appointed Henrik Clausen as its new chief executive.

He will take over from current CEO Tue Mantoni on July 1.

Mr Clausen (pictured) joins Bang & Olufsen from the Telenor telecommunications group, where he was CEO of the Danish business from 2005-2010 and CEO of the Malaysian mobile operator DiGi, part of the Telenor group, from 2010-2014.

He has been Telenor’s executive vice president for global strategy and digital and advisor to the group CEO.

Tue Mantoni
Tue Mantoni

Mr Mantoni, who became CEO of Bang & Olufsen in March 2011, will step down when Mr Clausen takes over, but remain available for a transitional period.

Said Ole Andersen, chairman of the board of directors at Bang & Olufsen: “We look forward to welcoming Henrik Clausen. I am confident that he has the international leadership experience required to take Bang & Olufsen to the next level. I want to thank Tue Mantoni for his contributions to Bang & Olufsen. He initiated a dialogue about his long-term commitment with the board of directors some time ago. Following the completion of a number of important projects, he will now step down as CEO.”

Added Mr Clausen: “Bang & Olufsen is a iconic brand, with state-of-the-art quality and a unique heritage. I look very much forward to joining the organisation and working with the team to further exploit the global potential.”