Announcement no. 18/2021
STOCKHOLM, Dec. 9, 2021 /PRNewswire/ -- Jon Sigurdsson to retire after 26 years as Össur
President and CEO, Sveinn Sölvason
appointed President and CEO successor
Jon Sigurdsson has decided
to retire from his position as President and CEO of Össur. The
Board of Directors has appointed Össur CFO, Sveinn Sölvason, to succeed as President and CEO
effective 1 April 2022.
"On behalf of the Board of Directors, the executive management
team, and Össur's 4,000 employees, we want to sincerely thank Jon
for his leadership over his more than two and a half decades with
the Company," said Niels Jacobsen,
Össur Chairman of the Board. "A steadfast leader with a strong
strategic vision, Jon has successfully guided Össur since 1996.
Under his leadership, Össur has grown from being a niche company
with USD 5 million in revenue and 40
employees, to a leading global medical device company with an
annual revenue of approximately USD 700
million and 4,000 employees worldwide. In addition, Jon
spearheaded more than 60 acquisitions over the years and has played
an instrumental part in transforming the landscape of the O&P
industry. I am personally very grateful to Jon for his
contribution."
Sveinn Sölvason has been with Össur since 2009 and CFO since
2013. "I am grateful that Sveinn has accepted this new challenge.
He has a proven track record within Össur and is poised to lead the
organization to further success," said Niels Jacobsen.
"I congratulate Sveinn on his appointment and look forward to
working with him on the transition," said Jon Sigurdsson. "It has been an honor to lead
Össur for the past 26 years. I have had the pleasure of working
with a dedicated team of employees, customers and end-users alike,
all of whom have made Össur the successful business it is today. I
look forward to watching Össur continue to flourish in the years to
come."
"I appreciate the trust given by the Board of Directors and am
pleased to accept the opportunity of serving Össur in a new role as
the President and CEO," said Sveinn Sölvason. "Össur is well
positioned to continue to improve people's mobility with industry
leading innovation and solutions that create value for our
customers and shareholders alike. Together with an exceptional team
of Össur employees worldwide, we will continue to support Life
Without Limitations."
The search for a new CFO will commence immediately.
Further information
Edda Lára Lúðvígsdóttir, Investor Relations Director,
eludvigsdottir@ossur.com, +354 844 4759
Össur press releases by e-mail
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register at http://www.ossur.com/investors
About Össur
Össur (Nasdaq Copenhagen: OSSR) is a global leader in
non-invasive orthopaedics that helps people live a Life Without
Limitations. A recognized "Technology Pioneer" with a rich 50-year
history, Össur focuses on improving people's mobility through the
delivery of innovative technologies in Prosthetics and Bracing
& Supports. Significant investment in research and development
have led to over 2,000 patents, award-winning designs, successful
clinical outcomes, and consistently strong market positions. Össur
is signatory to the UN Global Compact, UN Women's Empowerment
Principles, contributes to the UN Sustainable Development Goals and
will be carbon neutral in 2021. Össur operates globally and employs
around 4,000 employees. www.ossur.com
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