Just weeks after Sweetwater Sound shared the news that a firm out of Providence, Rhode Island was investing in the company, founder and CEO Churck Surack has announced that he’s “stepping up” from his role.
In a letter sent to employees in late July, Surack explained that he would be transitioning from his role as CEO and beoming Chairman of the Sweetwater Board.
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These changes were effective July 15. The new CEO is longtime Executive Vice President and C.O.O. John Hopkins.
Surack confirmed that Providence Equity Partners with now be the majority owner of Sweetwater Sound.