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Stevens to Retire from Steinway

Steinway Musical Instruments has announced that Bruce Stevens will retire from his position as president and CEO of Steinway & Sons by the end of this year.

During his 22 years at Steinway, the company revitalized its distribution network, improved product quality and introduced exclusive dealer territories. Steinway also launched several new piano categories, including the Crown Jewel Collection, Limited Editions, Art Case pianos and the Legendary Collection. The company’s piano sales have also more than tripled, from $60 million to more than $200 million in 2006.

“We thank Bruce for his 22 years of outstanding service to Steinway and for his lasting contributions to the Steinway legacy,” said Dana Messina, CEO of Steinway. “Bruce has had a profound impact on Steinway and the industry, and his contributions will be felt for years to come. We wish him and his family the very best in his retirement.

“We are evaluating candidates from inside our organization, as well as those presented by [executive search consulting firm] Spencer Stuart. Given the strength and prestige of our organization, we are confident that we will find a great candidate.”