— Denon’s Stephen Baker Will Lead Effort as Senior Vice President of Sales and Marketing for Latin America; Industry Veteran Joseph Stinziano Appointed Denon’s New Senior Vice President of Sales and Marketing —
MAHWAH, NJ, April 2, 2007–D&M Holdings Inc. (TSE I: 6735), today announced a major expansion initiative into the Latin American market. Key to the initiative is the appointment of Denon President Stephen Baker to the newly created position of Senior Vice President of Sales and Marketing for Latin America. Mr. Baker will begin his new role effective April 9th, reporting directly to Bob Weissburg, President, D&M Sales and Marketing, North America and will assume responsibility for sales and marketing of all D&M brands in Latin American countries, including Denon, Marantz, D&M Professional, Boston Acoustics, Snell, Escient and McIntosh. He will also be responsible for managing all D&M rep firms and distributors in the region. D&M Holdings also announced the appointment of industry veteran Joseph Stinziano to the position of Senior Vice President of Sales and Marketing for Denon Electronics. He will be reporting directly to Mr. Weissburg.
Noted Mr. Weissburg: “There are immense growth opportunities for D&M in the Latin American market, and we’re fortunate to have someone of Stephen’s proven capabilities to help us realize this growth throughout our portfolio of brands. In addition to focusing on sales and marketing of all brands, Stephen will also be responsible for building all D&M brands and establishing systems for logistics, service and product development for the Latin American market.”
Mr. Baker has been with Denon for 23 years, beginning as a Regional Manager and working his way up to President in 2003. During his tenure at Denon, the company grew to become an established leader in the home entertainment market.
Mr. Weissburg continued: “We’re also delighted to welcome Joseph Stinziano to the D&M family. Mr. Stinziano has extensive experience in product sales and marketing, supply chain initiatives and mid-range planning, and we look forward to utilizing his creativity and marketing expertise as we continue growing Denon’s market presence and innovative product portfolio.”
Mr. Stinziano is an 18-year veteran of the consumer products industry, with longtime experience in distribution and sales and creative marketing of consumer electronics. He has served at Sony Electronics for the last nine years, most recently as Senior Vice President of the Media and Applications Solutions Division. Previously, he was the General Manager of Sony’s Home Products. Prior to joining Sony, he was a Product Marketing Manager at AT&T Consumer Markets Division. Mr. Stinziano earned his B.S.E.E. degree from Rutgers College of Engineering.
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About D&M Holdings Inc.
D&M Holdings Inc. (TSE I: 6735) is based in Kawasaki, Japan with North American headquarters in Mahwah, NJ and owns the Denona, Marantza, McIntosha Laboratory, Boston Acousticsa, Snell Acoustics, D&M Professional, D&M Premium Sound Solutions, Denon DJ, ReplayTVa and Escienta brands. Denon, Marantz, McIntosh and D&M Professional are global industry leaders in the specialist home theater, audio/video consumer electronics or professional audio markets, with a strong and long-standing heritage of manufacturing and marketing high-performance audio and video components. Boston Acoustics, with its signature The Boston Sound, is a leader in premium loudspeakers for home and automotive audio markets. Snell is a super premium speaker brand. The ReplayTV and Escient brands represent award-winning technologies in digital home entertainment. D&M Premium Sound Solutions manufactures high-quality, Hi-Fi audio products for the B2B automotive and consumer electronics markets. Additional information is available at www.dm-holdings.com.
Denon and Marantz are registered trademarks of D&M Holdings Inc.; McIntosh is a registered trademark of McIntosh Laboratory, Inc.; Boston Acoustics is a registered trademark of Boston Acoustics, Inc. and ReplayTV and Escient are registered trademarks of Digital Networks North America, Inc.
Statements in this news release regarding D&M Holdings Inc. that are not statements of historical fact may include forward looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual events or results may differ materially. Forward looking statements involve a number of risks and uncertainties surrounding the integration of the company’s acquisitions, competitive and industry conditions, targeted cost savings programs, market acceptance for the company’s products, technological changes, developing industry standards and other factors related to the company’s businesses
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