Sonova Announces New Chief Financial Officer

Group Media & Investor Release

Sonova appoints Elodie Carr-Cingari as new Chief Financial Officer (CFO), effective no later than July 2025. She succeeds Birgit Conix who is leaving Sonova to pursue non-executive Board opportunities outside the company. To ensure a seamless transition, Matthias Düllmann will serve as interim CFO starting January 2025.

Stäfa (Switzerland) December 11, 2024 - Sonova Holding AG (SWX: SOON), a leading provider of innovative hearing care solutions, is pleased to announce the appointment of Elodie Carr-Cingari as the new Chief Financial Officer (CFO). She will start her role no later than July 2025, following the completion of contractual obligations with her current employer. Elodie will succeed Birgit Conix, who has decided to pursue her career outside of Sonova, focusing on non-executive Board positions. Birgit will leave the company end of January 2025. To ensure a seamless transition, Sonova has appointed Matthias Düllmann as interim CFO who will assume the role starting January 2025. Matthias brings over 18 years of experience, including most recent roles as CEO and CFO at SR Technics. He has a strong consulting background and holds an MBA from the University of St. Gallen.

Elodie Carr-Cingari is a seasoned CFO with more than 25 years of global experience in mid- and large-scale organizations and a proven track record in driving growth and operational excellence for publicly listed companies across various industries. A French and Swiss national, she joins Sonova from Landis+Gyr Group, where she served as Group CFO since 2020. Her previous roles include CFO positions at Hoerbiger, General Electric/Alstom, and senior financial positions in Hewlett-Packard. Additionally, Elodie is a Member of the Board of Directors and Chairwoman of the Audit Committee of Siegfried Holding. She holds a Finance MBA from Bocconi University, Italy.

"We deeply respect Birgit’s decision to start a new professional chapter and are pleased to welcome Matthias and Elodie to Sonova," says Arnd Kaldowski, CEO. "Elodie’s strong expertise in strategic and operational financial management as well as her M&A background make her an ideal fit for Sonova as we continue to expand our global footprint and innovate in the hearing care market. This, in combination with her strong leadership skills will be invaluable as we continue to drive growth and deliver value to our stakeholders. We would also like to extend our heartfelt thanks to Birgit Conix for her significant contributions and leadership since joining us in 2021."

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About Sonova
Sonova is a global leader in innovative hearing care solutions: from personal audio devices and wireless communication systems to audiological care services, hearing aids and cochlear implants. The Group was founded in 1947 and is headquartered in Stäfa, Switzerland.

Sonova operates through four businesses – Hearing Instruments, Audiological Care, Consumer Hearing and Cochlear Implants – and the core brands Phonak, Unitron, AudioNova, Sennheiser (under license) and Advanced Bionics as well as recognized regional brands. The Group’s globally diversified sales and distribution channels serve an ever growing consumer base in more than 100 countries.

In the 2023/24 financial year, the Group generated sales of CHF 3.6 billion, with a net profit of CHF 610 million. Over 18,000 employees are working on achieving Sonova’s vision of a world where everyone enjoys the delight of hearing.

For more information please visit www.sonova.com.

Disclaimer
This Media Release contains forward-looking statements, which offer no guarantee with regard to future performance. These statements are made on the basis of management’s views and assumptions regarding future events and business performance at the time the statements are made. They are subject to risks and uncertainties including, but not confined to, future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside Sonova’s control. Should one or more of these risks or un-certainties materialize or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. Each forward-looking statement speaks only as of the date of the particular statement, and Sonova undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.