PresseBox
Press release BoxID: 553265 (Sonova Holding AG)
  • Sonova Holding AG
  • Laubisrütistrasse 28
  • 8712 Stäfa
  • http://www.sonova.com
  • Contact person
  • Thomas Bernhardsgrütter
  • +41 (58) 92833-44

Sonova proposes Jinlong Wang for election to the Board of Directors

(PresseBox) (Staefa (Switzerland), ) Sonova Holding AG, the world's leading provider of hearing solutions, announces today that its Board of Directors nominates Jinlong Wang as a new board member for election at the next Annual General Meeting in June 2013. Jinlong Wang is currently serving as senior vice president of Starbucks Corporation and president of Starbucks Asia Pacific Region.

"I am very happy to propose Mr. Jinlong Wang as a new member to the Board of Directors. With his extensive business and legal background both in China and in the United States, he is a valuable addition to the current Board of Directors. His impressive track record of successfully building up the Starbucks coffee brand and business in China, the homeland of tea, is a strong testament of the type of professional experience that is vital for Sonova to fully explore the untapped potential of the market for hearing solutions in Asia and in particular in China", says Robert Spoerry, Chairman of the Board of Directors of Sonova Holding AG.

Jinlong Wang (born 1957 in China, US citizen) has extensive business experience in Asia Pacific, particularly in China, and in the United States. Before taking on his current position, he was Chairman and president of Starbucks Greater China Region from October 2005 to June 2011, where he was critical in the building of Starbucks continued successes in the company's second home market outside of the United States. Under his leadership, Starbucks has established presence in more than 30 cities with over 450 stores in Mainland China within 12 years. He was also instrumental in Starbucks Yunnan Coffee Project in the development of a complete value-chain in China - from seed to cup.

Born in China and initially working as a government official in the country's Ministry of Foreign Economic Relationship and Trade, he subsequently moved to the United States where Wang received his Juris Doctor Degree at Columbia School of Law, Columbia University. After working in the legal field for a number of years, he joined Starbucks Corporation in 1992 as head of Law & Corporate Affairs Department. From 1996 to 2000 he was responsible as VP International Business Development for building the company's international business and operations.

"With my background and experience, I am convinced that I can provide valuable support towards the further success of Sonova, in particular with respect to the company's plan to further grow in China and Asia Pacific", says Jinlong Wang. "At the same time, it allows me to make a contribution to the Chinese society by advancing the concept for better hearing. "

Disclaimer

This Media Release may contain 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 the company’s control.

Sonova Holding AG

Sonova Holding AG, headquartered in Staefa, Switzerland, is the leading manufacturer of innovative hearing care solutions. The group operates through its three core business brands Phonak, Unitron, Advanced Bionics. Sonova develops and distributes advanced hearing care solutions such as hearing instruments, cochlear implants, wireless communication systems for audiological applications as well as professional solutions for hearing protection. With the most extensive product portfolio and the highest R&D investment in the industry, Sonova aims to be the recognized innovation leader in the global hearing care market. Present across the globe in over 90 countries, and with a workforce of over 8,000 dedicated employees, Sonova generated sales of CHF 1,62 billion in the financial year 2011/12 and a net profit of CHF 246 million. A focused corporate strategy drives Sonova sustainably further in a growing and still significantly under-penetrated market. Founded in 1947, the company has been devoted to promoting better understanding and communication for over 65 years, thus considerably improving people's hearing ability and speech intelligibility and thereby their quality of life.

For more information please visit www.sonova.com.

Sonova shares (ticker symbol:SOON) have been listed on the SIX Swiss Exchange since 1994. The securities of Sonova have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States of America except pursuant to an exemption from the registration requirements under the U.S. Securities Act, or outside the United States of America in reliance on Regulation S under the U.S. Securities Act.