Tweeter CEO McGuire Resigns
Tweeter Newco, the company attempting to rise from the ashes of the former Tweeter Home Entertainment Group, announced Tuesday that CEO Joe McGuire had resigned, according to the Boston Globe.
The news came just days after Tweeter’s now-parent company, Schultze Asset Management, announced that half of the 160 employees at the company’s headquarters in Canton, Mass., were being let go effective immediately. McGuire was reported to be on vacation last week when the layoffs were announced. According to the Globe, McGuire left the company because he “was unable to execute the corporate strategy” laid out by Schultze’s management.
There was no immediate word on a successor for McGuire.