Audio Precision transitions ownership9 January 2015
Audio Precision, the recognised standard in audio test, has announced the transition of company ownership from majority shareholder Bruce Hofer (pictured) to AP’s leadership team. Hofer will continue to apply his expertise as principal hardware engineer while maintaining his role as chairman of AP’s board. Dave Schmoldt, AP president, will assume the responsibilities of chief executive officer.
The change in ownership, which took effect 16 December, allows for the smooth transition of leadership while retaining an existing, well-defined strategy, experienced staff, and a clear focus on meeting the evolving needs of audio test engineers around the world.
“Since helping to establish AP thirty years ago, one of my primary goals has been for the company to be the performance leader in our industry,” said AP co-founder and chief analogue designer, Bruce 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 Dave Schmoldt, AP president and CEO. “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.”