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SAN JOSE, Calif., June 10, 2021 (GLOBE NEWSWIRE) – Eargo, Inc. (Nasdaq: EAR), a medical device company dedicated to improving the quality of life for people with hearing loss, today announced the Appointment of Katie Bayne to its Board of Directors, effective June 9, 2021. Ms. Bayne will be a member of the Nomination and Corporate Governance Committee. Ms Bayne’s appointment fills the seat left vacant by Juliet Tammenoms Bakker following her resignation from the Board on June 9, 2021.
Christian Gormsen, President and CEO, said: “We are incredibly lucky to welcome Katie to the Eargo team. She is exceptionally skilled and brings decades of experience building one of the world’s most recognizable brands, Coca-Cola. We believe that it will make a significant contribution to the further construction of the national and ultimately global brand of Eargo.
Josh Makower, MD, Chairman of the Board added, “Katie is a phenomenal addition to our Board of Directors. We believe it will help us accelerate the implementation of one of our most important long-term strategic initiatives: the creation of the Eargo brand. We are fortunate to acquire this level of talent and I am convinced that it will bring considerable added value to our team. We would also like to thank Juliet for her contribution to the Council.
Ms. Bayne brings over 30 years of consumer marketing and operations experience to her new role on the Board of Directors, including more than two decades at The Coca-Cola Company, where she served as President, Brands of North America and Marketing Director for the North. America. Founder and President of strategic advisory and consulting firm Bayne Advisors, Ms. Bayne is also a Senior Advisor at Guggenheim Securities, LLC. She has also been an independent director at Acreage Holdings since January 2021, where she serves on the audit committee and goal-oriented lifestyle brand of Jessica Alba, The Honest Company since November 2018, where she is chair of the committee. compensation and member of the audit committee. She brings over a decade of experience serving on public boards in a variety of industries, including retail.
Ms Bayne commented: “I have been extremely impressed with how Eargo has quickly established itself as a highly differentiated and disruptive player in the field of hearing health. I look forward to working with the team to build on the company’s strong foundation and its recent growth as a stepping stone to accelerate brand awareness and product adoption. The success of these initiatives will help us address the significant stigma and social isolation associated with hearing loss. “
About ErgoEargo is a medical device company dedicated to improving the quality of life of people with hearing loss. Our innovative product and approach to market address key challenges in traditional hearing aid adoption, including social stigma, affordability and cost. We believe our Eargo hearing aids are the first and only virtually invisible, rechargeable, fully in-canal, FDA-regulated, Class I or Class II exempt hearing loss devices. Our differentiated, consumer-centric solution empowers consumers to take control of their hearing. Consumers can shop online or over the phone and get personalized and convenient consultation and support from licensed hearing care professionals via phone, text, email or video chat. The Eargo solution is offered to consumers at approximately half the price of competitive hearing aids purchased through traditional channels in the United States.
The company’s 4th generation product, the Eargo Neo HiFi, was launched in January 2020 and offers enhanced capabilities in terms of audio fidelity and bandwidth. The Eargo Neo HiFi is available for purchase here.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release are forward-looking statements, including statements regarding Ms. Bayne’s contributions to our board of directors, our strategic initiatives and increasing awareness of the company. brand and product adoption. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results and events to differ materially from those anticipated, including, but not limited to, risks, uncertainties and assumptions related to: our expectations regarding additional orders from existing customers; our expectations regarding the potential market size and the size of potential consumer populations for our products and any future products, including our ability to maintain or increase insurance coverage for Eargo hearing aids; our ability to bring new hearing aids to market and the expected features of those hearing aids; developments and projections relating to our competitors and our industry, including competing products; our ability to maintain our competitive technological advantages over new entrants to our industry; the price of our hearing aids; our expectations regarding the ability to make certain complaints about the performance of our hearing aids compared to competitive products; our expectations for changes in the hearing aid regulatory landscape, including the implementation of the current regulatory framework for the over-the-counter hearing aid route; and our estimates regarding the COVID-19 pandemic, including, but not limited to, its duration and its impact on our business and results of operations. These and other risks are described in more detail in the section entitled “Risk Factors” contained in Eargo’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other filings. by the company to the SEC. All forward-looking statements contained in this press release are made in accordance with the Private Securities Litigation Reform Act of 1995, as amended, are based on current expectations, forecasts and assumptions and speak only as of the date of this release. Press. Except as required by law, the company does not undertake to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Related links http://eargo.com
Investor contactNick LaudicoVice President of Investor [email protected]
Media contactBrad [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c85e176-1d4c-4b25-bef4-cf0b575c3175