NOV. 15 I APPOINTMENTS I MAKEMUSIC
MakeMusic Makes Changes
MakeMusic, a music notation and education software company, has launched a series of initiatives that will lead to a strategic repositioning of the company.
Ron Raup has resigned as CEO and director of MakeMusic. The board of directors has appointed Jeff Koch as interim CEO and Robert Morrison as chairman.
“With Mr. Raup’s resignation, we have realigned the leadership team at MakeMusic,” Morrison said. “We thank Ron for his many efforts and contributions on behalf of the company, and we wish him well in his future endeavors.”
MakeMusic’s board is searching nationally for a permanent CEO.
Additionally, to bring equality between the size of the company and the board, Andy Stephens and Michael Cahr have stepped down as directors of MakeMusic.
As a part of the board’s strategic analysis, MakeMusic also recently entered into an engagement with a national investment banking firm to pursue strategic alternatives, including the possible sale of the company. The board also decided to adopt a plan to repurchase up to $10 million of MakeMusic’s common stock.