Klipsch Group executives Fred Klipsch and Paul Jacobs are changing duties at the company, but staying on as part of a promise by Audiovox, the company’s new owner.
Audiovox said it would retain Klipsch management and the company’s culture and philosophy, according to Audiovox president and CEO, Pat Lavelle.
Paul Jacobs, Klipsch Group president and COO, has been promoted to president and CEO, and Fred Klipsch will relinquish his CEO title, remain Klipsch Group chairman, and stand for election to the Audiovox board of directors at Audiovox’s annual meeting on July 21.
The COO position will not be filled. Klipsch Group is a wholly owned subsidiary of Audiovox, which purchased the company in March, and markets home audio speakers and audio electronics under the Klipsch, Jamo, Mirage and Energy brands.
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