Sonova Holding AG announced that Alexander Zschokke, Group Vice President (GVP) Channel Solutions, has decided to leave the company to assume the role of CEO for the Franke Group as of October 1, 2012. He will remain in his current position until the end of August, 2012. Alexander Zschokke joined Sonova in July 2006 as GVP Marketing. In February 2010, he took over the company's retail business in the role of GVP Channel Solutions. After the departure of Valentin Chapero in March 2011, Mr. Zschokke took on the position of interim CEO until end of October 2011, when Lukas Braunschweiler joined Sonova as CEO. Looking forward, Franz Petermann will take over as VP Channel Solutions and report directly to Lukas Braunschweiler. During Mr. Zschokke's tenure as interim CEO, Mr. Petermann already successfully led the global Channel Solutions organization.