Top management team including CEO will be centered at Doro headquarters in Lund, Sweden. Jérôme Arnaud will leave Doro but continue as CEO until the already-initiated recruitment process is completed. Doro also announces the closure of one R&D site in France and some staff optimization in Sweden.
Doro : the goal of accelerating innovation and the integration of the device and telecare activities
While Doro has delivered impressive results by pioneering the senior phone market, the Board of Directors has conducted analysis and discussions with the goal of accelerating innovation and the integration of the device and telecare activities.
The Board has also sought to prepare the company for the next phase in its strategic evolution. Doro reaches over 40 countries today, making it the only global player in the senior phone segment. To manage the complexity of Doro’s global presence, driving growth in existing markets and extending our reach to new markets, the Board has concluded that, even though Mr. Arnaud’s frequent presence in Sweden and visionary leadership throughout the group have served Doro well over the years, centralizing top management and development teams at the Lund headquarters will create the operational synergies needed for success.
Further information about the new management team structure and development plans will be given in the Year-end 2016 report on February 17, 2017.
Mr. Arnaud will remain in his current role until recruitment of a new CEO is completed
“Jérôme has during his nine years as CEO created the vision and led Doro to a unique position as the global leader in the senior phone segment. He has also been vital in preparing and executing the next steps of the Doro strategy by beginning to integrate hardware and services to further strengthen our position in the segment and create possibilities for future growth.
The financial results under Jerome’s leadership speak for themselves where the company has enjoyed high customer satisfaction leading to a compound annual growth rate of around 25% the last 5 years as well as multiplied the market capitalization by more than 10 times during his 9 years as CEO. We extend our deep gratitude to Jérôme for his efforts to improve the life quality of senior citizens and in doing so also create significant shareholder value. We will do our very best to continue to support and develop the Doro brand and market position as we now prepare for a change of CEO and the concentration of the top management team to Lund, Sweden,” says Johan Andsjö, acting Chairman of the Board.
“I have been working for Doro for almost 16 years, of which nine as CEO, and I must say it has been a fantastic professional journey full of challenges and satisfaction. This could not have been achieved without my team, with whom I have established a trusting relationship, board members and shareholders and other stakeholders who have
supported our strategy and growth. I am very thankful for that. I wish the best success for Doro and my successor,” says Jérôme Arnaud, CEO.
Source : press release