Jeff Stone Leaves Tweeter for Tivoli
Tweeter Home Entertainment Group announced Jeffrey Stone, the company's president and CEO, will be leaving to become president and CEO of Tivoli Audio, a consumer electronics manufacturer (makers of the Henry Kloss Model One radio) in which Tweeter owns a 25 percent equity stake.
"I have loved leading this company over the past 15 years," Stone says. " I feel very fortunate to have been at the helm during a period of tremendous growth for Tweeter and want to thank all Tweeter associates, past and present, for their many contributions."
Tweeter's board of directors has named Joe McGuire, the company's CFO, to serve as interim CEO effective immediately. The board has initiated a search process and expects to move quickly to name a permanent CEO.