Mendello to Retire and Changes to Fender

Phoenix59

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Phoenix Business Journal said:
Longtime Fender CEO Bill Mendello to retire

After more than 30 years at the company, Chairman and CEO Bill Mendello announced Tuesday he will retire from Scottsdale’s Fender Musical Instruments Corp. later this year.

The company says a successor to the position of CEO was recently appointed by the board, but Fender is not yet announcing who that is. Mendello will remain on the company’s board.

“I am looking forward to spending more time with my family, traveling and pursuing personal interests,” said Mendello. “I am very proud of the work I have accomplished and the people I have come to know in this industry and I am especially happy to be able to retire with a great amount of confidence in the company’s future.”

Mendello’s career in the music industry began in 1977 when he joined CBS Musical Instruments Division as vice president and controller. That division then included such well-known brand names as Steinway pianos and, of course Fender.

In 1981, Mendello relocated when the division moved to Fullerton, Calif. and was appointed senior vice president of Fender.

On March 12, 1985, Mendello was a key figure in completing a leveraged buy-out of Fender Musical Instruments from CBS Inc. to create the newly named Fender Musical Instruments Corp. Following the buyout, Mendello was part of the management team and was later named president and COO.

There's a report on the Musical Instrument Giveaways Facebook page that former Guitar Center CEO Larry Thomas will become Fender's new CEO. :eek: No information as to the source, however, and I couldn't find anything on Google about it.

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