2010 Hall of Fame: Pat Lavelle, Audiovox CEO & President
Lavelle progressed through the ranks, becoming president of Audiovox Electronics Corp. in 1992. Another highlight was establishing a European manufacturing and distribution presence, mainly through the acquisition of Recoton German Holdings, now Audiovox German Holding, which includes more than a dozen product segments, such as car audio, video and security; wireless communications, and a variety of consumer electronics.
Acquiring companies is only half the battle. The key to any acquisition is its successful integration within the main company. The key, Lavelle said, is to set proper and realistic expectations and to treat the new group with respect. "We're not a heavy-handed acquirer," he said.
Lavelle's even-handed approach to business and his successful track record has gained him admiration from the CE industry. He has served as chairman of the Consumer Electronics Association's In-Vehicle Electronics Division and chairman of the executive board, and currently sits on the board as immediate past chair.