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Reports: Four top executives ousted at Starkey Hearing Technologies

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Four top executives – including the president – have reportedly been ousted from their roles at Twin Cities-based Starkey Hearing Technologies.

MPR reports it has obtained an email that suggests President Jerry Ruzicka, Chief Financial Officer Scott Nelson, Senior Vice President of Operations Keith Guggenberger and Senior Vice President of Human Resources Larry Miller have had their positions terminated with immediate effect.

CEO William F. Austin apparently wrote the email, saying that an investigation is currently being conducted so no further information would be given, MPR notes.

The company, headquartered in Eden Prairie, is the fifth-largest hearing aid maker in the world and the largest in the U.S.

The Star Tribune reports that the names of the four executives were removed from the company's website on Wednesday.

"We can't comment due to an ongoing investigation," Austin told the Star Tribune. "There are no issues that affect our company and it's business as usual."

The Associated Press notes that it is unclear what this investigation involves, but the FBI and police in Eden Prairie have so far played no part in it.

AP notes that the private company employs over 3,600 worldwide.

Starkey is perhaps best known in Minnesota for the star-studded annual fundraising galas put together by its foundation, the latest of which was in July and counted former Presidents Bill Clinton and George Bush among its guests, as well as pop star Katy Perry.

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