Audio Precision has announced the transition of company ownership from majority shareholder Bruce Hofer to AP’s leadership team. Hofer will remain Principal Hardware Engineer and Chairman of AP’s Board, while AP President Dave Schmoldt will become Chief Executive Officer.

According to the company, the change in ownership ‘supports 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 30 years ago, one of my primary goals has been for the company to be the performance leader in our industry,’ says co-founder and Chief Analog Designer, 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 AP President and CEO, Schmoldt. ‘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.’

More: www.ap.com