Tag: Beltone

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GN Hearing to Delay Key 2021 Product Launches, Restructure R&D

GN Hearing, the parent company of ReSound and Beltone, announced in a profit warning that it is experiencing delays in product development deliverables leading to postponement of key product launches planned for H2 2021. The company has decided to initiate a transformation of R&D with the objective to increase quality, predictability of delivery times, and R&D efficiency.

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GN Hearing Names Scott Davis as President, GN Hearing North America

Davis will join the company June 1. In this role, Davis will oversee the company’s ReSound, Beltone, Audigy, and FalCom businesses in the United States and Canada. As part of GN Hearing’s global leadership team, he will report directly into GN Hearing CEO Jakob Gudbrand.

GN Reports Solid Organic Revenue Growth for Q3; Concludes Financial Fraud Investigation of Beltone

GN reports that full year organic growth and EBITA guidance are maintained for GN ReSound and GN Netcom, with growth likely ending in the low end of the 3%-5% organic growth range. The investigation regarding the accounting fraud committed by the former VP of Finance at Beltone has now been finalized, and confirms what was communicated in the Interim Report Q2 2015. Teleconference scheduled for today (Oct. 30) at 2:00 PM CET.

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Beltone Introduces Ally Wireless Hearing Aids

Beltone has announced the launch of Beltone Ally, a line of hearing aids that use 2.4 GHz direct wireless technology and advanced sound processing features. According to Beltone, the full product line offers a selection of hearing aid models that can fit more than 90% of all patients with hearing loss, ranging from mild to severe.

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Todd Murray Resigns from GN and Beltone

Todd Murray, a well-respected and long-time leader in the hearing industry, has decided to resign from his position as president of Beltone and GN North America senior vice president. GN says it respects his decision and wishes him the best in his future endeavors.

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Updated: GN Reports Good Growth in Q2 but Disappoints Analysts; Financial Fraud Reported at Beltone

GN Store Nord reported 8% organic growth and increased its EBITA by 7% in the second quarter of 2015, but fell short of the high expectations of the financial community. GN also reported the discovery that Beltone’s VP of Finance had committed accounting fraud, resulting in a one-time Q2 loss of $22.3 million and Todd Murray’s resignation as senior VP of the company.

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