Audio Precision confirms ownership switch

Co-founder Bruce Hofer hands reins to the company's leadership team, retains his position as chairman.
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The ownership of analyser and test instrument specialist Audio Precision has changed from majority shareholder Bruce Hofer to the company’s leadership team.

Hofer will continue his work as principal hardware engineer, and retain his role as chairman of the board. Dave Schmoldt, the firm's president, will take on the responsibilities of chief executive officer.

“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 Audio Precision (AP) co-founder and chief analogue designer, Bruce Hofer. “I have the utmost confidence in AP’s strategy and leadership team going forward, so this evolution of our organisation will allow me to concentrate on pushing the boundaries of performance in audio measurement.”

Schmoldt added: “The leadership team is grateful for this vote of confidence from Bruce and the Board. 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.”

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