Sonic Innovations Appoints New President and COO
August 11 2008 - 4:05PM
PR Newswire (US)
SALT LAKE CITY, Aug. 11 /PRNewswire-FirstCall/ -- Sonic
Innovations, Inc. (NASDAQ:SNCI), the only U.S.-based publicly
traded manufacturer of digital hearing aids, announced today that
Paul R. Wennerholm has joined the company as president and chief
operating officer. Mr. Wennerholm was previously with Patterson
Companies, Inc., a $3.6 billion dental, rehabilitative and health
supply company, with operations throughout the world. Wennerholm
has held several positions of increasing responsibility with
Patterson, and most recently headed one of the most successful
divisions at Patterson. "Paul brings a tremendous amount of
leadership, sales, operational and P&L experience to Sonic, and
I am very pleased we were able to invite him to join our
organization," said Sonic Innovations Chairman and CEO, Sam
Westover. "Paul's primary responsibility in the immediate term will
be to provide his executive sales management expertise to our North
American wholesale organization. He has a proven track record as a
sales executive, and I am looking forward to his immediate
contributions to that organization." Regarding the appointment of a
president and chief operating officer, Mr. Westover noted, "Sonic
has made great strides over the past several years focusing on and
executing a successful strategic plan and we are seeing the
financial results from those initiatives. It is important that we
maintain our focus on those activities, which is what I have asked
Paul to do." Wennerholm holds a Bachelor of Arts degree in
Political Science with minors in Economics and Spanish from Brigham
Young University. He is a former board member of the Horton Valve
Company and is involved in various professional and community
organizations. ABOUT SONIC INNOVATIONS: Sonic Innovations is a
global provider of superior hearing solutions. The company is
passionate about quality, technology, and improving lives through
enhanced hearing. Sonic Innovations is dedicated to the growth and
success of their hearing-healthcare partners. Sonic Innovations,
headquartered in Salt Lake City, Utah, has international offices
and manufacturing centers across the globe. Sonic Innovations and
their distributor partners provide hearing care services and
solutions in more than 25 countries. Sonic Innovations is listed on
the NASDAQ Global Market System (SNCI) and can be found online at
http://www.sonici.com/. Sonic Innovations' partners have prescribed
more than 1,000,000 Sonic hearing instruments. This press release
may contain "forward-looking statements" as defined under
securities laws. Actual results may differ materially and adversely
from those described herein depending on a number of factors
including, but not limited to, the following risks: we face
aggressive competition in our business; acquisitions could be
difficult to integrate and disrupt our current business and
therefore may harm our operating results; we may not launch more
product lines this year; our products may not help people hear
better or more naturally; we may poorly operate newly acquired
businesses; we may lose a large customer or suffer a reduction in
orders from a large customer; we must have innovative,
technologically superior products to compete effectively; our
products, due to their complexity, may contain errors or defects
that are only discovered after sales by our customers, thus harming
our reputation and business; we may have issues with intellectual
property; and we have important international operations, which
expose us to a variety of risks including government reimbursement,
that could impact sales and operating results. For additional
information regarding the risks inherent in our business, please
see "Factors That May Affect Future Performance" included in our
Annual Report on Form 10-K for the year ended December 31, 2007, as
filed with the Securities and Exchange Commission. We undertake no
obligation to revise our forward-looking statements to reflect
events or circumstances after the date hereof as a result of new
information, future events or otherwise. DATASOURCE: Sonic
Innovations, Inc. CONTACT: Therese Clay of XO Marketing,
+1-801-541-9244, for Sonic Innovations, Inc. Web site:
http://www.sonici.com/
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