A quick look around the just opened Flatbush, Brooklyn location of
Jupiter, Fla. — Home and car electronics distributor Audio America has named Jonathan Elster CEO, replacing Ryan Munder who will remain as chairman.
Elster comes from SED international, where he spent 18 years in a variety of roles, most recently as president and CEO.
“We could not have selected a better person for this position,” said Munder. “Jonathan brings tremendous leadership, experience, and vision to the organization. His energy and enthusiasm is apparent and I know he will lead us to incredible heights and even greater success.”
Hoffman Estates, Ill. — Sears Holdings has appointed Jeff Balagna executive VP and chief information officer.
Balagna joins Sears from Eli Lilly, where he held the same post. In his new role, he will be responsible for all technology and infrastructure initiatives within the company’s support centers and stores.
“Jeff is a proven executive with an analytical approach and experience in transforming complex organizations in rapidly evolving industries,” said Sears chairman/CEO Edward Lampert.
Green Bay, Wisc. — Marla Maney has been hired to the newly created position of marketing manager for outdoor and custom flat-panel TV resource Séura.
Maney will handle the marketing strategy for Séura while working closely with internal teams to the proper brand message is being conveyed to the outside world.
Santa Clara, Calif. — Intel’s board of directors today named company veteran Brian Kryzanich as its next CEO.
Kryzanich, 52, will replace Paul Otellini when he officially steps down from the position on May 16 during the company’s stockholder meeting. Otellini announced last November his intention to leave. He will have spent 38 years with Intel.
Kryzanich joined Intel in 1982.
Tokyo — Dozens of Sony executives, including CEO Kazuo Hirai, are foregoing bonuses this year to atone for the electronics units slumping sales and profit performance, according to reports from Japan Wednesday.
Hirai and approximately 40 top managers will forgo bonuses estimated to amount to several million dollars. Nikkei and AFP reports quoted a Sony spokesman in Japan attributing the action to "to severe business circumstances, including stagnant performance in the electronics sector.”
New York — SiriusXM appointed company veteran Jim Meyer as CEO, replacing Mel Karmazin, who left the company last year before Liberty Media took control in the first quarter.
Meyer has been serving as interim CEO since December following Karmazin’s departure. Previously, Meyer had been president of SiriusXM sales and operations since May 2004.
For his part, Meyer said during an investor’s conference call that SiriusXM and Liberty “very much see eye to eye on strategy.”
Amherst, N.Y. — Stampede Presentation Products has added two executives from Azerty, a division of United Stationers, to its management team.
Kevin Bowman has been named VP of sales, direct response group, and Nancy Miles credit Manager, eastern region, according to Stampede president/COO Kevin Kelly.
Mahwah, N.J. — Sharp Electronics Company of America (SEMCA) said Thursday that John Revie has been promoted to home entertainment sales VP, replacing John Homlish, who has joined Haier America.
Previously, Revie was Sharp’s product marketing VP, having joined the company in August after a long association with Samsung Electronics
In his new role, Revie will be responsible for all home entertainment sales through the national, regional, distribution and specialty channels.
London – Component-audio supplier Musical Fidelity hired a new U.S. national sales manager and appointed two new rep companies for the Northwest and Mid-Atlantic regions.
Santa Ana, Calif. — Global IT distributor Ingram Micro has named Gina Mastantuono finance executive VP.
Formerly international chief financial officer at Revlon, Mastantuono is now responsible for financial planning, analysis, controllership, SEC reporting, treasury and tax for the logistics leader.