Turtle Beach Corporation Announces Planned Retirement of CFO John Hanson
August 08 2024 - 4:16PM
Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming headset
and accessories brand, today announced that Chief Financial Officer
and Treasurer John Hanson, has informed the Company of his intent
to retire after an over 45-year career in leadership, operational,
and strategic finance roles. The Company has retained Korn Ferry,
an executive recruiting firm, to assist in the search for his
successor, and the search will include both external and internal
candidates. Mr. Hanson is expected to remain in his current role
until a successor is appointed and to remain with Turtle Beach in
an advisory capacity following the successor appointment to support
continuity and a smooth transition.
“Throughout his impressive 11-year tenure at
Turtle Beach, John played a pivotal role in propelling the Company
from a gaming audio business to a global leader providing gamers
high-performance accessories, including headsets,” stated Cris
Keirn, Turtle Beach’s Chief Executive Officer. “As an invaluable
resource and advisor during my transition into the CEO role, John
has consistently demonstrated exceptional leadership. The entire
Turtle Beach team joins me in extending warm wishes to him and his
family as he enters retirement.”
“During my tenure at Turtle Beach, I’ve had the
privilege of collaborating with exceptional colleagues on globally
renowned brands, contributing significantly to the Company’s
position as a leader in the industry,” said John Hanson, Turtle
Beach’s Chief Financial Officer. “Second quarter results with 59%
year-over-year revenue growth and an upward revision to our
Adjusted EBITDA guidance demonstrate the Company’s strong position.
As we move forward, I am confident in our well-defined strategy for
sustained growth and profitability, ensuring that Turtle Beach
remains at the forefront of innovation and success.”
About Turtle Beach
CorporationTurtle Beach Corporation (the “Company”)
(www.turtlebeachcorp.com) is one of the world’s leading gaming
accessory providers. The Company’s namesake Turtle Beach brand
(www.turtlebeach.com) is known for designing best-selling gaming
headsets, top-rated game controllers, award-winning PC gaming
peripherals, and groundbreaking gaming simulation accessories.
Innovation, first-to-market features, a broad range of products for
all types of gamers, and top-rated customer support have made
Turtle Beach a fan-favorite brand and the market leader in console
gaming audio for over a decade. Turtle Beach Corporation acquired
Performance Designed Products (www.pdp.com) in 2024. Turtle Beach’s
shares are traded on the Nasdaq Exchange under the symbol:
HEAR.
Cautionary Note on Forward-Looking
StatementsThis press release includes forward-looking
information and statements within the meaning of the federal
securities laws. Except for historical information contained in
this release, statements in this release may constitute
forward-looking statements regarding assumptions, projections,
expectations, targets, intentions, or beliefs about future events.
Statements containing the words “may”, “could”, “would”, “should”,
“believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”,
“goal”, “project”, “intend” and similar expressions, or the
negatives thereof, constitute forward-looking statements.
Forward-looking statements involve known and unknown risks and
uncertainties, which could cause actual results to differ
materially from those contained in any forward-looking statement.
Forward-looking statements are based on management’s current
beliefs and expectations, as well as assumptions made by, and
information currently available to, management.
While the Company believes that its expectations
are based upon reasonable assumptions, there can be no assurances
that its goals and strategy will be realized. Numerous factors,
including risks and uncertainties, may affect actual results and
may cause results to differ materially from those expressed in
forward-looking statements made by the Company or on its behalf.
Some of these factors include, but are not limited to, risks
related to logistic and supply chain challenges, the substantial
uncertainties inherent in the acceptance of existing and future
products, the difficulty of commercializing and protecting new
technology, the impact of competitive products and pricing, general
business and economic conditions, risks associated with the
expansion of our business including the integration of any
businesses we acquire and the integration of such businesses within
our internal control over financial reporting and operations, our
indebtedness, liquidity, and other factors discussed in our
public/// filings, including the risk factors included in the
Company’s most recent Annual Report on Form 10-K, Quarterly Report
on Form 10-Q, and the Company’s other periodic reports filed with
the Securities and Exchange Commission. Except as required by
applicable law, including the securities laws of the United States
and the rules and regulations of the Securities and Exchange
Commission, the Company is under no obligation to publicly update
or revise any forward-looking statement after the date of this
release whether as a result of new information, future developments
or otherwise.
CONTACTS
Investors:hear@icrinc.com(646)
277-1285
Public Relations &
Media:MacLean MarshallSr.
Director, Global CommunicationsTurtle Beach
Corporation(858)
914-5093maclean.marshall@turtlebeach.com
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