Midas Press Release
Date: June 2011

MIDAS and KLARK TEKNIK announce restructuring of management team

Organisational changes at MIDAS and KLARK TEKNIK have seen the departure of former MD John Oakley at the beginning of June.

MIDAS and KLARK TEKNIK are now undergoing a restructuring of the management team to accommodate Oakley's departure and allow for better integration within the shared services of the parent MUSIC Group. Newcomer Ian Riley, who joined MIDAS and KLARK TEKNIK from Harman earlier this year, takes on the role of VP Operations and R&D, while Jonathan Chitty is VP Customer Support, a new division which handles day-to-day commercial and financial matters.

On the manufacturing side, the MUSIC Group has invested $10m in a dedicated manufacturing facility for the MIDAS and KLARK TEKNIK brands, with another $10m in state-of-the-art SMT and optical inspection systems. Also driving the next phase of MIDAS and KLARK TEKNIK's development is the expanding R&D "centre of excellence" in Manchester, established with significant investment from the MUSIC Group to recruit new R&D talent for the brands (http://MIDASconsoles.com/careers.php). Alex Cooper remains as an R&D consultant to MIDAS and KLARK TEKNIK to oversee ongoing and future products.

Uli Behringer, CEO of the MUSIC Group said: "I am sad to see John leave the company after all he has done for MIDAS and KLARK TEKNIK. We wish him all the best for the future. With the strong team we have in place now, MIDAS and KLARK TEKNIK is already seeing a strong increase in revenue streams and the volume of products shipped such as the new Venice F which is in full mass production."

In addition to its ongoing recruitment of R&D engineers, MIDAS and KT are seeking product managers and industrial designers to carry the brands forward. Several new product launches are planned for later this year, heralding an exciting new phase for both brands.

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Further details:
James Godbehear
MIDAS
T:+44 (0)1562 741515
Email: MARKCommMediUK@music-group.com

Press contact:
Caroline Moss
Caroline Moss PR Ltd
T: +44 20 8968 5597
Email: pr@carolinemoss.co.uk

ENDS

All brands and trademarks are recognised.

Editors' information:

MIDAS live performance mixing consoles have been used by the world's most demanding sound engineers, performers and rental companies for four decades. The company strives to raise the standards of sonic quality through its programme of continual research and development, implementing new control functionality and user-friendly desk operation to anticipate and accommodate the ever-evolving needs of audio professionals who specify MIDAS consoles for their major tours, festivals, international events, broadcast projects and prestigious fixed installations.

KLARK TEKNIK was founded in 1974 and in the years immediately following, their innovative approach to design and development allowed them to introduce some truly groundbreaking designs. KLARK TEKNIK was responsible for one of the world's first digital delay and digital reverb units; however it was their concepts for equalisation devices that really changed the world of professional audio resulting in the DN370 and the famous DN360. Today KLARK TEKNIK continues to bring innovation in design and dedication to engineering and sonic quality in both the analogue and digital realm of signal processing, with the Square ONE and Show Command ranges updating the brand.