The Board of Directors of PreSonus Audio Electronics, Inc., have announced that COO Stephen Fraser has become the Firm's Chief Executive Officer, effective Feb. 10. The Directors also announced that Founder and former Chief Strategy Officer, Jim Odom will become President.
Kevin Couhig, Board Chairman, said, "We believe Stephen is ideally suited to lead PreSonus forward as Chief Executive. In his five years as PreSonus COO, he has developed highly effective strategies backed by strong operating skills and relentless execution. Outgoing CEO Jim Mack will be a 'tough act to follow', but we're confident that Stephen will continue a great track record as CEO."
"At the same time, we are delighted that Founder Jim Odom has chosen to take an even more active day-to-day role, concentrating on building relationships at the sales, distribution and technology levels," noted Couhig.
New CEO Fraser's career began in corporate banking at Bankers Trust Company and he held senior positions at Credit Du Nord and Banque Bruxelles Lambert, where he was head of Corporate Finance. His post-banking career included senior positions as ICE PLC Managing Director and president of the U.S. operations of sister company Lenlyn Limited. In 2004, Fraser joined Behringer Group where he was president of the North America subsidiary before moving to Singapore as Behringer Group COO and then Chief of Staff. Fraser joined the PreSonus team in January 2010.
"I have the privilege of working with a very strong management team here at PreSonus," said Fraser, "Combined with our unique technology and an outstanding industry reputation, I anticipate strong growth in the future."
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