Sivantos, Inc —a Singapore-based hearing aid manufacturer—announced that Eric Timm has been appointed to the role of Chief Executive Officer. Timm, who has served as Chief Operating Officer of the company for the past two years, takes over the role from Steve Mahon, who has stepped down.
According to the announcement, 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 was said to have 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 further 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 exceptional people and sophisticated 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 received his bachelor’s degree from Gustavus Adolphus College and an MBA from the University of Wisconsin-Madison.