VOXX International (US:VOXX) Prnewswire·2024-08-13 12:30Company Leadership Changes - Ari M. Shalam has been elected as the new Chairman of the Board of Directors of VOXX International Corporation, succeeding John J. Shalam, who becomes Chairman Emeritus after nearly 65 years with the company [1][2] - Beat Kahli will continue to serve as Vice Chairman, ensuring continuity in corporate governance and Board oversight [2] Company Strategy and Operations - The new Chairman emphasized the company's commitment to transforming operations, simplifying business offerings, and improving operational and financial positions [2] - The recent sale of some domestic accessories assets is part of the ongoing restructuring efforts aimed at returning VOXX to profitability [2] Company Overview - VOXX International Corporation is a leading manufacturer and distributor in the Automotive Electronics and Consumer Electronics industries, with a portfolio of approximately 35 trusted brands [3] - The company has established market-leading positions in various segments, including in-vehicle entertainment and automotive security, supported by an extensive distribution network [3]