IntriCon announces upcoming appointment of Scott Longval to its Board of Directors as next CEO

– USA, MN –  IntriCon Corporation (NASDAQ: IIN), a designer, developer and manufacturer of miniature interventional, implantable and body-worn medical devices, today announced that Scott Longval, who has served as its CFO since July 2006 and COO since 2019, has been appointed President and CEO, effective October 1, 2020. He will also be appointed to the IntriCon board effective October 1, 2020.

Mr. Longval will succeed Mark Gorder, who will retire as President and CEO effective September 30, 2020, positions he has held since 2001.

“We are fortunate to have Scott well-prepared to step into the role of CEO. His deep knowledge of the company’s operations, financial structure, and strategic vision made him the ideal choice. Importantly, the board has had the opportunity to work closely with Scott for several years and has the upmost confidence in his ability to lead our company through its next phase of growth and to enhance shareholder value,” said Board Chairman, Philip Smith. “In addition, Scott has built a strong finance team that will support a managed transition once we have identified a new CFO.”

Mr. Smith added, “On behalf of everyone at IntriCon and its Board of Directors, I want to thank Mark for his significant contributions during his more than 40-year tenure with the company and wish him all the best. As one of the founding leaders, his vision was a driving force behind its successful positioning as the joint development manufacturing partner of choice for many important miniature medical device advancements. Mark has also been instrumental in establishing a stable financial foundation and a deep bench of executive talent to propel the company in the future. We appreciate his long-standing commitment to the company and its shareholders.”

Mr. Longval stated, “I am honored to succeed Mark as the company’s next President and CEO and am excited about the opportunity to lead our company forward. IntriCon has a healthy financial foundation and a dedicated team focused on performance. I look forward to continuing to work alongside this talented executive team, board of directors, and all of our team members to advance our strategy and create value for our customers and shareholders.”

About IntriCon Corporation

Headquartered in Arden Hills, Minn., IntriCon Corporation designs, develops and manufactures miniature interventional, implantable and body-worn devices. These advanced products help medical, healthcare and professional communications companies meet the rising demand for smaller, more intelligent and better-connected devices. IntriCon has facilities in the United States, Asia, and Europe.

For more information: https://www.intricon.com

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Talent4Boards Team

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