Eargo CEO Gormsen to step down, William Brownie named interim

On June 23, the Board approved plans for Christian Gormsen, President, Chief Executive Officer, and member of the Board of Directors, to separate from the Company and to step down from his positions as President, Chief Executive Officer, and director, in each case, effective June 30. The size of the Board will be reduced by one upon Mr. Gormsen’s separation date, resulting in a remaining Board comprised of six directors. Gormsen’s resignation from the Board was not due to any disagreement with the Company, and the Board and management team thank Mr. Gormsen for his years of service. The Board appointed William Brownie as interim Chief Executive Officer of the Company to succeed Mr. Gormsen, effective June 30, Mr. Brownie, will also retain his role as Chief Operating Officer, in which capacity he has served at the Company since April 2019.