Audiovox Corporation has announced that Paul Jacobs (pictured) has been promoted to president and CEO of one of its subsidiaries, audio manufacturer Klipsch Group.
While former incumbent Fred Klipsch is stepping down from that position, he will remain Klipsch Group chairman and has also agreed to stand for election to the Audiovox board of directors at the company’s annual meeting on 21 July.
Jacobs has a long history with Klipsch, having joined the company in 1992. Since his first position as head of sales, he has held various executive positions, leading up to his most recent as COO.
Pat Lavelle, president and CEO of Audiovox, commented: “When we disclosed the acquisition of Klipsch, we indicated that the management of the company would remain, and the culture and philosophy of Klipsch would not change. This appointment assures that direction. Paul Jacobs has been with Klipsch for nearly 20 years and during that time has worked side by side with Fred Klipsch in developing the products and culture that epitomise the Klipsch brand.”
“Both of these announcements are significant,” added John Shalam, chairman of Audiovox Corporation. “Fred Klipsch is an icon in the consumer electronics industry and we are looking forward to his continued guidance as Chairman of Klipsch, as well as his nomination to the Audiovox board of directors later this summer. He brings a level of experience in the development and marketing of high-end products that will benefit all of our lines and brands. We are confident that Paul will lead Klipsch to new heights as he continues the brands’ legacy and product excellence.”
Paul Jacobs summed up: “It’s a great honour to take on this responsibility and have the opportunity to build on the company’s success. I have dedicated my career and passion to this company, our brands and to the relationships with our valued employees and partners. With a talented team around me, I look forward to celebrating our continued successes together and guiding the company to the next level.”