BEAVERTON, OR—A mainstay of test and measurement systems for the pro audio industry, Audio Precision closed out the year by announcing the privately held company changed ownership on December 16. Cofounder and majority shareholder has transferred ownership to AP’s new leadership team, comprised of five members of company management who, combined, have worked at the company more than 54 years.
Hofer will continue forward 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. Marketing manager Eric Hodges told Pro Sound News Europe, “[Hofer] remains a very active member of the AP team, serving both as our principal hardware engineer and as the chairman of AP’s Board. This change does however reflect Bruce’s desire to focus on product development and transition day-to-day management of the company to Dave Schmoldt and the AP leadership team.”
Other members of the board include Jill Nickerson (CFO); Tom Kite, Ph.D. (VP, Engineering); Vickie Sigafoos (VP, Operations); and Spyros Lazaris (VP, Sales and Marketing). The aim for the transition of leadership is to retain 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 30 years ago, one of my primary goals has been for the company to be the performance leader in our industry,” said Hofer. “I have the utmost confidence in AP’s strategy and leadership team going forward, so this evolution of our organization 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,” said Schmoldt. “Our entire organization appreciates Bruce’s continued contributions, and strives to emulate his long-standing commitment to our customers and to the advancement of audio test.”