MakeMusic CEO Out, Company to Remain Independent Through “Strategic Repositioning”



Via News Release,

MakeMusic, Inc. (NASDAQ:MMUS), a world leader in music notation and education software, today announced a series of initiatives leading to a strategic repositioning of the company. Major changes include:

  • CEO and Director Ron Raup resigns, Jeff Koch named interim Chief Executive Officer, Karen VanDerBosch appointed Chief Operating Officer
  • Board of Directors appoints Robert Morrison as Chairman, Directors Andy Stephens and Michael Cahr step down as part of a planned reduction in Board size
  • MakeMusic Board completes evaluation of strategic alternatives and decides to remain independent
  • $10 million Stock Repurchase Plan Announced
  • Investment plans initiated to enhance competitive positioning and accelerate long-term growth”

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