Audio Precision Transitions Ownership

Created on 2014-12-31 03:32:00

Co-founder Bruce Hofer hands reins to experienced, in-place leadership team, maintains role as principal hardware engineer and Chairman

BEAVERTON, OREGON, December 31, 2014: Audio Precision, the recognized standard in audio test, announced today the transition of company ownership from majority shareholder Bruce Hofer to AP’s leadership team. Mr. 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 December 16th, 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,” says AP co-founder and Chief Analog Designer, Bruce 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,” adds Dave Schmoldt, AP President and CEO. “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.”

About Audio Precision

Audio Precision is the recognized standard in audio test. Since 1984, AP has offered high performance audio analyzer instruments and applications to help engineers worldwide design and manufacture all types of consumer, professional and industrial audio products. For more information, visit http://www.ap.com/

-end-