Michael Hoover, new president of Cakewalk
Boston, MA, (June 26, 2012)—Cakewalk CEO Greg Hendershott has resigned; Michael Hoover, currently Executive Vice President of Products, has been named President.
Hoover will will assume primary responsibility for all day-to-day Company operations starting July 1, while Hendershott will remain as a consultant to support a smooth transition.
Hendershott founded Cakewalk in 1987,as Hoover noted in a statement: “Greg has made immense contributions to the success of Cakewalk. After 25 years, he felt the time was right for a change. We thank Greg for his leadership over the years and wish him all the best. I look forward to carrying on the vision of delivering fun and easy to use music software that empowers musicians to create on their own.”
In a letter to Cakewalk customers, Greg Hendershott explained his decision to retire from the music industry to pursue other endeavors. “As I approached that 25th anniversary, I took time to reflect,” says Greg Hendershott. “New leadership can preserve the best of a company's culture and values, while also bringing new energy and ideas. The organization can benefit tremendously.”
Hoover has more than 20 years’ experience in the MI industry and joined Cakewalk in 1998 as Product Manager. In 2002, he joined the management team as Vice President of Products and Marketing and, more recently, became head of Engineering in his current role as Executive Vice President of Products.
“I'm confident that Michael is the president Cakewalk needs for its many years ahead,” said Hendershott. In addition to serving as President of Cakewalk, Hoover will also become a member of the Board of Directors of Cakewalk. Cakewalk will continue to operate as an independent company, based out of Boston, MA.