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Baldwin Piano's Karen Hendricks Plans to Step Down as CEO in November; CFO Duane Kimble Named President of Baldwin.
Business Editors
MASON, Ohio--(BUSINESS WIRE)--Feb. 28, 2001
Baldwin Piano & Organ Company (NASDAQ:BPAO) announced today that Karen L. Hendricks, chairman and chief executive officer, plans to step down as CEO in November 2001.
She will, however, remain on Baldwin's board of directors. Ms. Hendricks, who has led Baldwin since 1994, has overseen a complete restructuring of piano manufacturing operations and the divestiture of several non-core businesses.
The company also announced that Duane D. Kimble, 40, Baldwin's chief financial officer, has been appointed to the additional post of president effective immediately. The title of president was previously held by Ms. Hendricks.
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