Zound Industries International AB

Konrad Bergström to leave Zound Industries

Press release   •   May 28, 2018 19:45 -12

The management of Zound Industries has today decided to summarily dismiss Konrad Bergström from his employment with the company. The decision is effective immediately.

The reasons for the summarily dismissal of Konrad Bergström is due to gross material breach of the obligations in his employment, by way of unpermitted disclosure of confidential information to outside parties.

“This is an unfortunate situation but based on what has come to our knowledge we are forced to take appropriate action. Konrad’s actions strongly contradict the Zound values and code of conduct”, said Pernilla Ekman, CEO at Zound Industries.

Tommy Jacobson, Chairman of the Board at Zound Industries commented on the decision:

“Management has full support from the board of directors and key owners in the decision to dismiss Konrad Bergström.”

Zound Industries designs and develops speakers and headphones under the brand names Marshall and Urbanears. With a strong focus on innovative technology and user-centered design, Zound has gone from strength to strength since first hitting the market in 2008, launching a wide range of iconic, award-winning products. Zound currently has around 200 employees, with offices in Stockholm, New York, Paris, Shenzhen and Hong Kong. In 2017 turnover hit an all-time high of SEK 1.4 billion. In February 2018, Zound announced a new partnership with Adidas, with initial products due to hit the market in 2019.