Tymphany Corporation, the industry's leading provider of innovative audio transducers, today announced the appointment of seasoned industry veteran, Tom Jacoby as Chief Executive Officer. Former CEO Mike Hackworth will continue to serve as Chairman of the Board for Tymphany Corporation. Jacoby will apply his 30 years of audio industry experience to help drive the next stage of company growth.
With Jacoby's appointment, Tymphany boasts one of the strongest management teams in the audio industry. Tymphany recently added Michael Oslac, President and Chief Operating Officer, and a former executive at Harman International, and Jay Wessell, Chief Financial Officer, and a former executive with two Harman International companies as well as Recoton Home Audio, to its executive team.
"Tom's proven track record in leading audio companies makes him the perfect choice for CEO," said Tymphany Chairman Michael Hackworth. "His successes at Harman and Klipsch demonstrate that he has the experience in strategy and operations in global organizations, to lead Tymphany through the next critical stage in its evolution. I look forward to working closely with Tom to help build Tymphany into a world-class company."
"For over 80 years, the company has been renowned for its ScanSpeak, Vifa and Peerless brands, and most recently for the introduction of the innovative Tymphany Linear Array Transducer (Tymphany LAT)," said Jacoby. "Couple the most respected brands in audio transducers, with our top-notch Danish engineering team, and a world-class manufacturing facility in China, and we have a firm foundation to expand our delivery of high quality acoustic solutions in the marketplace."
Jacoby comes to Tymphany from Klipsch Group Inc., where he served as Vice Chairman and Corporate Development Officer. Jacoby was instrumental in expanding Klipsch's presence in the home consumer market, resulting in the acquisition and integration of premium loudspeaker brands Jamo, Energy, Mirage and Athena.
Prior to Klipsch, Jacoby spent 20 years with Harman International Industries, Inc., in various executive roles. While serving as CEO and President of Harman Consumer Group, Jacoby led a 4,000 employee division to triple sales revenue. He also turned an operating loss to strong profitability through organic growth, cost savings utilizing new sourcing concepts, inventory reduction, and four acquisitions that positioned the company in the highly profitable systems integration market.
Jacoby will be a board member of Tymphany and presently serves on the board of directors for Klipsch Group Inc., California Clean Energy Fund and Homeland Energy Resource Development, Inc.
Jacoby holds a Bachelor of Arts degree from Carnegie Mellon University.
About Tymphany
Tymphany Corporation is the leading provider of innovative, high quality audio transducers and acoustical engineering customization services for manufacturers of both lifestyle consumer electronic products and audiophile-quality, high-end solutions. The company offers a wide range of products and form factors unmatched in the industry, and sells these products under the renowned ScanSpeak and Peerless brands, and the Tymphany LAT (Linear Array Transducer) brand. Tymphany's products are manufactured in an ISO-certified facility in Denmark, and in the company's state-of-the-art, ISO-certified facility in PanYu, China. With over 80 years of audio transducer design, development and customization expertise, Tymphany's brands provide the optimum audio solution for many of the world's leading audio brands. Tymphany is a privately held corporation. More information about the company is available at www.tymphany.com.
