DeVesto Steps Down; TIvoli Appoints Interim CEO
Tivoli Audio announced a leadership transition this week, announcing that Tom DeVesto, the only CEO in its history, is transitioning to a consultancy role.
Lisa Kaufman of Levy Capital Partners has stepped in as interim CEO. In addition, Stephen DeFuria has been promoted to vice president of global sales, while Daniel Atanasov is now vice president of finance.
"We want to thank Tom for his many contributions to Tivoli Audio over the years. He is a true industry pioneer with an illustrious career spanning more than 50 years," Kaufman said in a statement.
"He has built a talented global management team with employees worldwide who have played, and will continue to play, an essential role in the company's future success. Our longstanding investors are excited to have taken the company to this level and are looking forward to the next phase of growth, which includes continuing to build the brand, together with our loyal customer base, and expanding our reach in markets where we do not yet have as strong of a presence."