Klipsch Audio Technologies Restructures Executive Management - T. Paul Jacobs Promoted

1-Nov-00

Fred S. Klipsch, President and Chairman of Klipsch Audio Technologies, announced that T. Paul Jacobs has been promoted to Executive Vice President and Chief Operating Officer of Klipschís Worldwide Products Group. He is responsible for overall direction of the companyís sales, marketing, engineering and product development functions.The promotion is part of an executive management restructuring that divides Klipsch into two key business units - the aforementioned Worldwide Products Group and Worldwide Manufacturing and Supply Management Group, which includes sourcing, logistics and manufacturing operations. According to Fred Klipsch, the new executive management structure allows for more effective communication between two highly diverse business functions, quicker responses to critical issues and, ultimately, a more profitable business model.""With extensive experience in consumer electronics retailing, Paulís contributions to the Klipsch brand over the past decade have been monumental,"" Fred Klipsch said. ""He is responsible for developing the most recognized sales force in the industry, streamlining Klipsch product development and engineering and maintaining the integrity of the Klipsch brand name. As a result, the company has incredible opportunities to expand into other markets as a ëbest of classí premium product line.""A 21-year consumer electronics industry veteran, Jacobs started his career at the retail sales floor level. Today, he is a noted authority on specialty retailing who has spoken to dealer groups and trade associations across the country. Jacobs joined Klipsch in 1991 and has held several executive level positions including Vice President of Worldwide Sales.For more information, visit www.klipsch.com.

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