You might know Andy Rihs as the boss of BMC Racing but he’s become wealthy by creating a hearing aid company, Sonova. A Swiss company, Sonova is the world’s leading manufacturer in this sector. If you haven’t heard of it, you might have known it under its previous name of Phonak. The company was started by cycling aficionado and wealthiest man in cycling Andy Rihs, it’s grown from a tiny start-up into a medical electronics giant.
Only the company took a hit today with its CEO and CFO both tendering their resignations whilst Chairman Andy Rihs is to step down as a result of what the Financial Times calls “an insider trading probe”.









