The Sivantos Group, a global provider of hearing aids, has announced the appointment of Ignacio Martinez as CEO, effective end of November 2016. Martinez joined the Sivantos Group two years ago to lead Global Sales, a then newly created function. He was later appointed COO of Sivantos Group.
According to Sivantos Group, Martinez has more than 30 years of experience in the industry, and has a deep knowledge of the hearing aid business. Martinez succeeds Roger Radke, who has decided to retire from Sivantos but will continue to support the Sivantos journey as a Special Advisor, advising the board and senior management on strategic matters.
“I respect Roger’s decision to step down as he has achieved all the goals we agreed from the beginning of our journey,” said Jens Due Olsen, chairman of Sivantos’ Advisory Board. “Roger has done a great job in transitioning the company from a Siemens Business Unit into an independent mid-cap company with an ambitious plan for the future.”
According to Sivantos, it aims to develop into the world’s leading hearing aid company. In the last two years, the Sivantos Group has outperformed the market, just completing a very successful year. The Sivantos Group’s portfolio comprises several hearing aid brands, including Signia, Siemens, Audio Service, Rexton, A&M, HearUSA, and audibene.
More About Sivantos Group
The business operations of the former Siemens AG hearing aid division have been combined into the Sivantos Group since early 2015. Sivantos is founded 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 835 million euros in the fiscal year 2014/2015 and an operating profit (EBITDA with normalizations) of 206 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. The owners of Sivantos are the anchor investors EQT, along with the Strüngmann family as a co-investor.
Source: Sivantos Group