Minarik Named Chairman, Duffy President, at DEI Holdings
DEI Holdings, parent of the Polk Audio, Definitive Technology and Directed Electronics operating divisions, announced that Jim Minarik has been named chairman of its board of directors while retaining his position as CEO, and that Kevin Duffy has been named as DEI Holdings president.
Duffy, who had been president of Directed Electronics, will retain his position as DEI’s CFO and will continue as a board member. The changes take effect immediately.
Mike Simmons, formerly executive vice president of marketing for Directed Electronics, has been promoted to the position of president; Julien Joly, who was president of Directed’s Canadian division, has been promoted to the position of COO for Directed.
“We acquired DEI in June 2011 based on our underlying belief that the company is well-positioned to capitalize on the increasing presence of a mobile culture, fueled by the rapid adoption of smartphones and tablets,” Michael Choe, managing director of private equity investment firm Charlesbank Capital Partners, said as part of the announcement. “We believe these executive appointments will provide the needed focus and resources to innovate in headphones, personal audio products, and soundbars, as well as accelerate our development of automotive telematics solutions through our successful Viper SmartStart platform.”
Concurrent with these appointments, the company is announcing other management changes at DEI Holdings, including the promotion of Veysel Goker to the newly created position of vice president of finance and information technology, and the hiring of Dan Brockman as corporate controller and treasurer.
There will be no changes in the senior management of either Polk Audio or Definitive Technology, according to the announcement.