Sonova Holding AG, a provider of hearing solutions, announced that as part of medium-term succession planning its Board of Directors will nominate Julie Tay as a new independent Board member for election at the next Annual General Meeting (AGM) in June 2022.
Tay (born in 1966, citizen of Singapore) has served for over eight years in various senior leadership roles at Align Technology, Inc (Nasdaq: ALGN), including most prominently as Senior Vice President and Managing Director, Asia Pacific. Align Technology is a global medical device company that designs, manufactures, and sells the Invisalign system of clear aligners, iTero intraoral scanners, and exocad CAD/CAM software for digital orthodontics and restorative dentistry. Prior to that she held various management positions at Bayer Healthcare, JohnsonDiversey, and Johnson & Johnson Medical. Tay holds an MBA in International Marketing from Curtin University of Technology in Australia.
Robert Spoerry, Chair of the Board of Directors of Sonova Holding AG, said: “With over 20 years of management experience in the medical device sector, Ms Tay is a valuable addition to the Board of Directors. She has a successful track record of driving sustainable and profitable growth in the Asia Pacific region, particularly in China and Japan. Her nomination represents a further step in advancing the diversity of the Board.”
Sonova, headquartered in Stäfa, Switzerland, is a provider of hearing care solutions. The Group operates through its core business brands Phonak, Unitron, Hansaton, Advanced Bionics and the brands of the Audiological Care business, eg, AudioNova, Geers, Boots Hearingcare, Connect Hearing, and Lapperre. Pursuing a vertically integrated business strategy, the Group operates through three core businesses – Hearing Instruments, Audiological Care, and Cochlear Implants – along the entire value chain of the hearing care market. The Group’s sales and distribution network comprises over 50 own wholesale companies and more than 100 independent distributors. This is complemented by Sonova’s Audiological Care business, which offers professional audiological services through a network of around 3,200 locations in 20 key markets.
Founded in 1947, the Group has a workforce of over 14,000 dedicated employees and generated sales of CHF 2.6 billion (USD $2.8 billion) in the financial year 2020/21 as well as a net profit of CHF 585 million (USD $632 million). Across all businesses, and by supporting the Hear the World Foundation, Sonova pursues its vision of a world where “everyone enjoys the delight of hearing and therefore lives a life without limitations.” For more information please visit: www.sonova.com and www.hear-the-world.com.
Image: LinkedIn, Sonova