DEI CEO Jim Minarik Announces Retirement
DEI Holdings Inc., the parent company of Directed Electronics, Polk Audio and Definitive Technology, announced that the company’s CEO Jim Minarik plans to retire from his role on or before July 1. Minarik will continue, however, as the chairman of DEI’s board of directors.
The decision to retire as CEO will bring to a close Minarik’s 40-year career as a full-time operating executive in the consumer electronics business, DEI said. Minarik joined the company as its CEO in 2000 when now-Congressman Darrell Issa sold the business that he started in 1982 (Directed Electronics). Prior to joining DEI, Minarik was the CEO of Clarion Corporation of America where he served for eight years from 1992-2000. Minarik started his career at Altec Lansing Consumer Products.
"I've been privileged to lead one of the greatest teams and companies in the CE business over the past 15 years, but it's time to transfer DEI's helm to a new generation of leadership,” Minarik said in a statement. “I look forward to working with the board and management team during the transition period and to then continue as non-executive Chairman, being available as an advisor.”