Audio Precision announces ownership change
WORLD: The ownership of US audio testing specialist Audio Precision has shifted from the company’s co-founder, Bruce Hofer, to its existing management team. The deal sees Mr Hofer remain with the company as its principal hardware engineer and chairman of the board, while the company’s president, Dave Schmoldt, has assumed the responsibilities of chief executive officer.
In an official statement from the company, the change – which took effect on December 16th – was described as allowing ‘for a smooth transition of leadership while retaining an existing, well-defined strategy, experienced staff, and a clear focus’.
‘Since helping to establish AP 30 years ago, one of my primary goals has been for the company to be the performance leader in our industry,’ explained Mr Hofer. ‘I have the utmost confidence in AP’s strategy and leadership team going forward, so this evolution of our organisation will allow me to concentrate on pushing the boundaries of performance in audio measurement.’
‘The leadership team is grateful for this vote of confidence from Bruce and the board,’ added president and CEO Dave Schmoldt. ‘Our entire organisation appreciates Bruce’s continued contributions, and strives to emulate his long-standing commitment to our customers and to the advancement of audio test.’