Boston Acoustics Names President/COO and Executive Vice President.Business/Technology Editors PEABODY Peabody (pē`bədē, –bädē), city (1990 pop. 47,039), Essex co., NE Mass., a suburb of Boston, on the Danvers River; settled c.1633, inc. as South Danvers 1855, name changed 1868. , Mass.--(BUSINESS WIRE)--Aug. 24, 2000 Boston Acoustics Founded in 1979, Boston Acoustics is a high end manufacturer of home and mobile audio equipment operated out of Peabody, Massachusetts. Boston produces speakers for the home and cars. , Inc. (Nasdaq: BOSA) today announced that the Board of Directors has elected Moses A. Gabbay to the position of President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and Bob Spaner as Executive Vice President of the Corporation. Moses Gabbay, previously Vice President of Engineering, has been with the Company for 20 years and has played a pivotal role in its growth. Over the past three years, Mr. Gabbay spearheaded the operations of Boston's new Multimedia Audio business, a segment equal in size to the Company's core business of home and car audio products. In his new position, Mr. Gabbay will add the responsibilities of Manufacturing and Finance to his current Engineering duties. "Moses assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. the engineering team to develop leading-edge products that have put Boston Acoustics in the forefront of the computer audio business," said Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Andy Kotsatos. "As a result, the Company now has skill sets we didn't did·n't Contraction of did not. didn't did not didn't do have three years ago, and we can offer products to reach new markets in and beyond our traditional audio speaker business." Since joining the Company 12 years ago, Bob Spaner has held the positions of Field Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → , National Sales Manager and most recently Vice President of Sales and Marketing. In his new position, Mr. Spaner will add the responsibilities of Marketing and Sales Administration. "During Bob's tenure here, sales have more than quintupled to $108 million last year," commented Mr. Kotsatos. "He has led with great skill through the dynamic changes in the marketplace, and he and his team successfully established an entirely new department to service the Company's Multimedia business." Mr. Kotsatos continued, "Moses and Bob have not only grown with the Company, they have led that growth. We want to take advantage of their experience and team building expertise as we head into the next phase of our Company." |
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