Globe Newswire03.18.19
Audiology technology developer Sivantos Inc. has appointed Eric Timm as CEO. Timm, who has served as chief operating officer (COO) of the company for the past two years, takes over the role from departing chief executive Steve Mahon.
Timm joined Sivantos, the parent company of hearing aid brand Signia, in March 2017. As COO, he worked closely with Mahon to create and execute a new vision and strategy that helped the company achieve strong growth several times the industry standard over the past two years. In his new role, Timm will guide the company’s strategic plans and initiatives to grow its standing in the marketplace.
“I am honored to assume the role of CEO of Sivantos and eager to advance the company’s mission to invent the future of better hearing and understanding,” Timm said. “As the hearing aid industry continues to transform rapidly, Sivantos has the right combination of people and hearing aid technology to rise to the top. I thank Steve for all that he brought to this company and look forward to continuing the vision we created together to achieve further growth and success.”
Throughout his career, Timm has held leadership positions with several organizations in the medical device industry, driving profitable growth in each role. Prior to joining Sivantos, he served as vice president, marketing and national sales for another hearing aid manufacturer. He also held roles in general management, marketing and business development at Cardinal Health, Premier Inc., Monsanto, Bristol-Myers Squibb, and 3M.
In addition to his professional experience, Timm earned a bachelor’s degree from Gustavus Adolphus College and an MBA from the University of Wisconsin-Madison.
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 140 years of German engineering and countless global innovations. Today Sivantos is one of the major hearing aid manufacturers worldwide. With its around 6,000 employees, the group recorded revenues of 967 million euros in the fiscal year 2016/2017 and an adjusted EBITDA of 238 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.
Timm joined Sivantos, the parent company of hearing aid brand Signia, in March 2017. As COO, he worked closely with Mahon to create and execute a new vision and strategy that helped the company achieve strong growth several times the industry standard over the past two years. In his new role, Timm will guide the company’s strategic plans and initiatives to grow its standing in the marketplace.
“I am honored to assume the role of CEO of Sivantos and eager to advance the company’s mission to invent the future of better hearing and understanding,” Timm said. “As the hearing aid industry continues to transform rapidly, Sivantos has the right combination of people and hearing aid technology to rise to the top. I thank Steve for all that he brought to this company and look forward to continuing the vision we created together to achieve further growth and success.”
Throughout his career, Timm has held leadership positions with several organizations in the medical device industry, driving profitable growth in each role. Prior to joining Sivantos, he served as vice president, marketing and national sales for another hearing aid manufacturer. He also held roles in general management, marketing and business development at Cardinal Health, Premier Inc., Monsanto, Bristol-Myers Squibb, and 3M.
In addition to his professional experience, Timm earned a bachelor’s degree from Gustavus Adolphus College and an MBA from the University of Wisconsin-Madison.
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 140 years of German engineering and countless global innovations. Today Sivantos is one of the major hearing aid manufacturers worldwide. With its around 6,000 employees, the group recorded revenues of 967 million euros in the fiscal year 2016/2017 and an adjusted EBITDA of 238 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.