Management Shakeup At Stanton
The Stanton Group, owners of the Stanton Magtnetics, Cerwin Vega!, and the KRK Systems brands, announced that it has named Timothy Dorwart its new Chief Executive Officer, after the sudden departure of Dave Froker, who left the concern for another company. Mike Quandt was also promoted to the titles of President and Chief Operating Officer.
Stanton’s white-washed press release didn’t reveal much about the shakeup at Stanton and one can only speculate about the reportedly poor performance over the past couple of years of the Stanton DJ line and KRK monitors. This past NAMM show was regarded as a step-back for the concern after Native Instruments dumped them at the alter to debut a competing digital DJ system, and they failed to introduce a significant new product.
A 30-year music industry veteran, Dorwart was promoted from senior vice president of marketing and sales where he was responsible for all strategic sales and marketing programs pertaining to The Stanton Group’s three companies. He began his career as a professional musician and followed that up with successful stints at Bose Corporation and DMX Music where he built up their sales, marketing and distribution divisions and pioneered innovative selling channels. Chairman Rory Brooks’ promotion from within does counter the above rumors since you’d think they’d bring in some outside innovators if they were not content with the current state of affairs.
Quandt was promoted from Chief Financial Officer and Senior Vice President of Operations, and will now serve as President and Chief Operating Officer. He has over 20 years of financial and operational management experience having worked with companies such as AAR Landing Gear Services and Phelps Dodge Corporation.