Jon Sigurdsson, president and CEO of Össur, Reykjavik, Iceland, will be retiring after 26 years.
The board has appointed Össur CFO, Sveinn Sölvason, to succeed Sigurdsson effective April 1, 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 board chairman. “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 $5 million in revenue and 40 employees, to a leading global medical device company with an annual revenue of about $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.”
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 Jacobsen.
“I congratulate Sveinn on his appointment and look forward to working with him on the transition,” said 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. I look forward to watching Össur continue to flourish in the years to come.”
The search for a new CFO will begin immediately.