Joined the Company in 1992 as Executive Vice President and was appointed President & CEO in 1998.
Master of Science in Economics, 1983, from Aarhus University.

LEGO A/S, chairman of the board
A.P. Møller - Mærsk A/S, deputy chairman of the board
KIRKBI A/S, deputy chairman of the board
Thomas B. Thriges Fond (Thomas B. Thrige Foundation), chairman

In addition, Niels Jacobsen holds the following executive positions and directorships in the William Demant Group: William Demant Invest A/S, General Manager; directorships in Group-owned subsidiaries; directorships in the following partly owned companies: Össur hf., chairman of the board; Sennheiser Communications A/S, chairman of the board; HIMPP A/S, chairman of the board; HIMSA A/S, chairman of the board; and HIMSA II A/S, director.

Joined the Board in 1998 and was most recently re-elected in 2011 for one year. Because of his seat on the Board for more than 12 years, he is not considered an independent Director.

The Danish Growth Council, chairman
Codan A/S and one subsidiary, chairman of the board
Danish Growth Capital, chairman of the board
Falck A/S and one subsidiary, chairman of the board
Georg Jensen A/S, chairman of the board
University of Southern Denmark, chairman of the board
DONG Energy A/S, deputy chairman of the board
The Rockwool Foundation, deputy chairman of the board
Arp-Hansen Hotel Group A/S, director
Index Award A/S, director

Lars Nørby Johansen has a degree in social sciences. His strengths include extensive international experience as a corporate manager and a board member in multiple lines of business as well as profound knowledge of the challenges resulting from globalisation. He is also well versed in the political aspects of business.

Joined the Board in 2007 and was most recently re-elected in 2011 for one year. Because of his seat on the Boards the Oticon Foundation and William Demant Invest A/S (the Company's principal shareholder), he is not considered an independent Director.

FOSS A/S, chairman of the board and director in one subsidiary
N. Foss & Co. A/S, deputy chairman of the board
The Oticon Foundation, deputy chairman of the board
William Demant Invest A/S, director
A.R. Holding af 1999 A/S, director

Peter Foss is a Master of Science in Engineering from the Technical University of Denmark (DTU) and also holds a diploma degree in finance and credit law. He has extensive managerial experience from global, market-leading, industrial companies having extensive product development. In addition, he has directorship experience from different lines of business.

Joined the Board in 2008 and was most recently re-elected in 2011 for one year. He is considered an independent Director.

Danfoss A/S, President & CEO and directorships in six subsidiaries
Axcel A/S, chairman of the board
Danske Bank A/S, deputy chairman of the board
Sauer Danfoss Inc., deputy chairman of the board

Niels B. Christiansen is a Master of Science in Engineering from the Technical University of Denmark (DTU) and holds an MBA from INSEAD in France. His experience with international management of major, global, industrial hi-tech corporations is comprehensive. In addition, he has directorship experience from various lines of business.

Joined the Board in 2009 and was most recently re-elected in 2011 for one year. He is chairman of the audit committee. He is considered an independent Director.

NKT Holding A/S, President & CEO and chairman of the board in three subsidiaries
NeuroSearch A/S, chairman of the board
Danish Committee on Corporate Governance, member

Thomas Hofman-Bang is a Master of Science in Business Economics and Auditing and a state-authorised public accountant. He has considerable experience in the management of large, global, industrial corporations, including special competencies within economic and financial affairs. In addition, he has directorship experience from different lines of business.

Staff-elected Director.
Joined the Board in 2003 and was most recently re-elected in 2011 for a term of four years.

Interacoustics A/S, staff-elected director since 2003, deputy chairman of the joint consultative committee.

Ole Lundsgaard was trained as an electronics mechanic at the University of Odense, Institute of Biology. He is Technical Product Manager within Diagnostic Instruments and has been employed with Interacoustics A/S since 1993.

Staff-elected Director.
Joined the Board in 2011 for a term of four years.

Deputy chairman of the local business group under The Danish Society of Engineers (IDA).

Jørgen Møller Nielsen is a Master of Science in Engineering (electrical engineering) and also holds a diploma in business administration (organisation and strategy). He is Project Manager within microelectronics at the Group's amplifier factory in Ballerup, Denmark, and has been wit the company since 2001.

Staff-elected Director.
Joined the Board in 2011 for a term of four years.

3F Thy-Mors, director
Oticon A/S, shop steward, staff-elected director since 2007.

Karin Ubbesen is employed at the Group's factory in Thisted, Denmark, as a fitter and has been with the company since 1987.