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Millemissen
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Flensborg, Denmark
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Millemissen posted on Tue, Jun 2 2020 5:58 PM

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.

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Millemissen
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Jaffrey2230
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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 products I use by zones in my home: 

Platform: Apple Home  (iOS/Mac, with Google Wi-fi (mesh), 100% streaming audio (Sirius XM, Apple Music, YouTube Music); TV/Office: Beolab 8002 (Red) + Beolab 2 [Sony 65A1E OLED TV, Apple TV 4K]; Living: Beoplay A9 (MK2), Bedroom: Beolab 6000 (Red) + Beolab 11 + Beosound Core [LG UST Projector directly to wall (appox. 75 inches), Apple TV 4K]; Beoplay, Guest Rooms: Apple HomePods Dining: Beoplay M5 [previously BS Stage] ; Portable in-house: Beosound 1 with dock; Travel/bluetooth: Beoplay P6, BeoPlay H9 (3rd Gen), AirPod Pro

 

Millemissen
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Flensborg, Denmark
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Jaffrey2230:

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.

MM

There is a tv - and there is a BV.

Gregg
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Colorado USA
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Gregg replied on Wed, Jun 3 2020 3:53 AM

Thank you for sharing the sad news. I'd not heard about it yet hear in the US. 

-Gregg

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