March 2018 Australian Financial Review
Cochlear chief executive Dig Howitt discussed the secrets of global success at the AFR's Business Summit.
Dig Howitt is clear on the ingredients that combined to make Cochlear a world leader in hearing implants and one of Australia's most successful global companies: a global mindset, long-term vision and investment in continued innovation. But the Cochlear chief executive is not so sure Australia has the recipe exactly right to create more global successes like Cochlear, which was floated in 1994 at $2 a share and last traded at $179. Mr Howitt has been Cochlear chief executive for two months. His 17-year career at Cochlear has until now been preoccupied with overseeing manufacturing and the global supply chain, then running Asian operations. Cochlear invests around 12 per cent of revenue each year in research and development, reaching between $160 million to $170 million this financial year. That has allowed it to develop new products like the Nucleus 7, a world-first sound processor that allows patients to stream sound straight from an iPhone, iPod touch or iPad to their hearing implant.
Read more: Cochlear's Dig Howitt says it 'doesn't make sense' to cut R&D breaks
March 2018 Daily Telegraph
After almost 60 years, the Royal Institute of Deaf and Blind Children is relocating from its site at North Rocks which just been listed for sale through expressions of interest. The prime 12.6ha estate located across the road from a shopping centre, primary and high school, could make the charity in excess of $200m, to be used to create an endowment to fund long term activities. The not-for-profit group are set to move most of their services and educational facilities to an ‘Australian Hearing Hub’ located at Macquarie University that also includes Cochlear Limited. “It is a really wonderful precinct that really keeps Australia at the forefront of hearing health and hearing services, and of course, we are bringing the vision services to it as well,’’ said RIDBC chief executive Chris Rehn. “It is so compelling and exciting to be part of a bigger precinct focusing on lifting that Australian bar so when we considered rebuilding here, we couldn’t ignore the exciting development that were happening on the campus at Macquarie University.’’
Read more: Royal Institute of Deaf and Blind Children to sell estate for $200m profit
- Geelong Cochlear Care Centre will expand access to specialist audiologist support for Victorians living with severe to profound hearing loss
- Official opening coincides with National Hearing Awareness Week
- Professor Graeme Clark, the inventor of the multi-channel cochlear implant and the Hon. Jill Hennessy MP, Minister for Health, will officially open the Centre
Geelong, Australia – 27 February 2018: Cochlear Limited (ASX: COH), the global leader in implantable hearing solutions in collaboration with the Royal Victorian Eye and Ear Hospital and the Victorian Government, represented by Health Minister, The Hon. Jill Hennessy, officially opened the first regional Cochlear Care Centre, set to provide services for Geelong and surrounding communities.
Read more: Cochlear and The Royal Victorian Eye and Ear Hospital Open the Geelong Cochlear Care Centre - a...