New CEO and president for PreSonus
WORLD: The board of PreSonus Audio Electronics Inc has named COO Stephen Fraser as the firm’s new CEO replacing Jim Mack. In a second move, founder and former chief strategy officer, Jim Odom will become president.
‘We believe Stephen is ideally suited to lead PreSonus forward as chief executive,’ said board chairman, Kevin Couhig. ‘In his five years as PreSonus COO, he has developed highly effective strategies backed by strong operating skills and relentless execution. Outgoing CEO Jim Mack will be a “tough act to follow”, but we're confident that Stephen will continue a great track record as CEO.’
The board chairman was equally enthusiastic about Mr Odom becoming president. ‘We are delighted that founder Jim Odom has chosen to take an even more active day-to-day role, concentrating on building relationships at the sales, distribution, and technology levels.’
The new CEO’s career began in corporate banking at Bankers Trust Company and he held senior positions at Credit Du Nord and Banque Bruxelles Lambert, where he was head of Corporate Finance. His post-banking career included senior positions as ICE PLC managing director, and president of the US operations of sister company Lenlyn Limited. In 2004, Mr Fraser joined Behringer Group, where he was president of the North America subsidiary before moving to Singapore as Behringer Group COO and then chief of staff. He joined the PreSonus team in January 2010.
‘I have the privilege of working with a very strong management team here at PreSonus,’ said Mr Fraser. ‘Combined with our unique technology and an outstanding industry reputation, I anticipate strong growth in the future.’