Strategy in TECH...
On Friday, Masimo Corporation (Nasdaq: MASI) notified the Securities and Exchange Commission (SEC) that current director Robert Chapek has tendered his resignation from the Masimo Board of Directors. According to the SEC filing, his resignation is effective as of the date of the 2025 annual meeting, an event that has yet to be scheduled.
Daisy, the new national brand that is both acquiring and franchising custom integration businesses, announced today that it celebrated the Grand Opening of its newest franchise location in Ocala, Florida on January 25th. This new location, owned and operated by Bert Herrero, joins the ever-expanding Daisy universe.
But wait! That name…Bert Herrero…sounds familiar. Isn’t he already a part of the Daisy organization?
Masimo Corporation’s (Nasdaq: MASI) Board of Directors announced late Tuesday afternoon that it has appointed Catherine “Katie” Syzman as the company’s new Chief Executive Officer (CEO) and as a director on the newly expanded board. Current Interim CEO Michelle Brennan will transition to a new role as Chairman of the Masimo Board. Finally, Lead Independent Director Quentin Koffey has been appointed Vice Chairman of the Board.
This announcement sets key pieces of the reconstituted management team in place, holding promise of a new era at the medical products company. All of the above changes take effect on February 12, 2025.
AVPro Global Holdings LLC, a company holding a diversified portfolio of top custom integration brands, such as AudioControl Pro, Murideo, Bullet Train, and more announced on Monday that it has selected Loel Wheeler to be its Vice President of Sales for Murideo – the company’s testing and measurement tools division.
In a move I have been anticipating for weeks, the Sonos Board has finally made a move and dismissed Patrick Spence as CEO as of this morning, Monday, January 13, 2025. The company has named a member of the Board – Tom Conrad – as an interim CEO, while a search has been launched for its next CEO.
Azione Unlimited, a buying group of predominantly custom integration dealers that is part of the Nationwide Marketing Group family of dealer buying organizations, announced recently that it is adding Mike Cleary, Sonance Senior Director of Strategic Accounts, to its Board of Advisors. Unique to Azione, for years it has maintained an advisory board consisting of five dealer members and five vendor members to operate as its “strategic think tank.” The board’s role is to assist group management in fostering innovation, enhancing business success, and strengthening connections within the smart home industry.
Procella Audio BV, a manufacturer of high-performance speakers for residential and commercial cinemas, announced on Tuesday that it has appointed well-known industry executive Tom Gandulla as its U.S. Director of Sales. Gandulla’s appointment was announced by Procella’s USA Managing Director Chuck Back.
Sonance, a leading manufacturer of fine custom integration audio gear, announced last week that it has appointed Glenn Kalinowski as Director of Sales and Strategic Partnerships. Kalinowski, the company says, is a “trusted industry expert” who will oversee key territories in North America, including Canada.
Masimo Corporation (Nasdaq: MASI) announced that it has expanded the company’s Board of Directors with two new appointees. The medical products manufacturer, which also owns the Sound United audio brands, will now have a total of eight directors on its board.
Nationwide Marketing Group, owner of a stable of high-performance dealer buying groups like Oasys, Ellipsys, and Azione Unlimited, announced this week that it has appointed Patrick McCarthy as the new Executive Director of Azione Unlimited. As you most likely know, McCarthy has been a long-time member of the group’s management since 2019 and has served as the Interim Director since June in the wake of Richard Glikes departing the group back in February.
Patrick’s new appointment is effective immediately, which is a good thing as the group is about to launch its Fall Conference, taking place this year in San Diego, CA from October 21st – 23rd.
