Natus Medical Incorporated announced the implementation of a new organizational structure designed to improve operational performance and make it a stronger, more profitable company. Natus will consolidate its three business units, Neuro, Newborn Care and Otometrics into “One Natus”. This initiative creates a single, unified company with globally led operational teams in Sales & Marketing, Manufacturing, R&D, Quality, and General and Administrative functions. The new structure provides for increased transparency, efficiency and cross-functional collaboration across common technologies, processes and customer channels. Specifically, Natus intends to: Continue to execute proven go-to-market strategies within its market specialties of Neuro, Newborn Care and Audiology; Prioritize product development and design quality by enhancing focus and discipline, and allow these functions to operate more efficiently and effectively; Enhance focus on operational excellence through streamlining processes and developing common platforms throughout the organization; and Position the Company for growth. The Company will immediately transition to the new structure with further implementation stages continuing throughout 2019.

In connection with the organizational redesign, Natus has also created three new senior management positions: Austin F. Noll, Executive Vice President and Chief Commercial Officer; Sean Langan, Vice President of Global Operations; and Ivan Pandiyan, Vice President of Global R&D. In addition to the newly created positions, the existing senior management will continue in their roles reporting directly to Jonathan Kennedy, including: Drew Davies, Executive Vice President and Chief Financial Officer; William Hill, General Counsel; and Martin Woodrow, Vice President of Human Resources. As part of the new structure, Carsten Buhl, President and CEO of Otometrics and Leslie McDonnell, Vice President and General Manager, Newborn Care business unit will depart the Company. As a result, and concurrent with such appointment, Mr. Noll ceased to be Vice President and General Manager, Neurology SBU of Natus on January 15, 2019. Austin F. Noll, III is 52. He joined Natus in August 2012 as the Vice President and General Manager, Neurology SBU. Prior to joining Natus, Mr. Noll served as the President and CEO of Simpirica Spine from June 2009 to August 2012.