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Signia Quick Tips - January 2019

New Leadership at Sivantos US

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On March 14, 2017, Steve Mahon joined Sivantos as the CEO and President of Sivantos U.S. Steve brings strong leadership, strategic vision, and broad experience to continue to grow Sivantos’ share and success in the U.S. market. Steve joins us from Sonova, where he has been since 2004, his last role being CEO of Phonak in Canada. Steve has spent his entire career in leadership roles within medical device companies, including several divisions of Johnson & Johnson. Steve holds an MBA from Rotman School of Business at The University of Toronto.

Reporting to Steve, Eric Timm has been appointed Chief Operating Officer. Eric will be responsible for customer strategy and operations, bringing extensive managerial sales and marketing expertise in the U.S. healthcare industry. Most recently, he worked at Phonak U.S. from 2008 to 2016, serving as Vice-President of Marketing and National Sales. Prior to Phonak, Eric held leadership positions at Cardinal Health, 3M, and Bristol-Meyers-Squibb. Eric holds an MBA from the University of Wisconsin-Madison.

About the Sivantos Group

The business operations of the former Siemens AG hearing aid division have been combined into the Sivantos Group since early 2015. Sivantos can look back on more than 130 years of German engineering and countless global innovations. Today Sivantos is one of the leading hearing aid manufacturers worldwide. With its more than 5,000 employees, the group recorded revenues of 933 million euros in the fiscal year 2015/2016 and an operating profit (Adj. EBITDA) of 221 million euros. Sivantos' international sales organization supplies hearing care specialists and sales partners in more than 120 countries. Particularly high value is placed on product development. Sivantos aims to become the market leader in the coming years with its brands Signia, Siemens, Audio Service, Rexton, A&M, HearUSA and audibene. The owners of Sivantos are the anchor investors EQT along with the Strüngmann family as a co-investor.

Sivantos GmbH is a brand license holder of Siemens AG.

More information can be found at www.sivantos.com.  More information on Signia can be found at www.prosigniausa.com, and on the Signia Expo on AudiologyOnline.

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