FENDER MUSICAL INSTRUMENTS CORPORATION APPOINTS NEW CFO

HOLLYWOOD, CA., January 24, 2022 /PRNewswire/ — Fender Musical Instruments Corporation (FMIC) today announced the appointment of Matt Janopaul as Chief Financial Officer, who will report directly to Andy Mooney, Chief executive officer. Janopaul succeeds Jim Broenen who retired in December 2021 after a distinguished 15-year career with the company, the last 13 of which as Chief Financial Officer. With the transition from private equity to long-term capital provided by Servco Pacific Inc. (Servco), FMIC’s investor since 1985, Janopaul will focus on key strategic growth initiatives. These include pursuing consistent growth with culture-driven brands, optimizing FMIC’s global footprint from a sales and supply perspective, developing a digital ecosystem driven by the consumer who integrates the products and software of his recent acquisition of PreSonus.

“I am happy to welcome Matt Janopaul as the new Chief Financial Officer of FMIC,” said Andy Mooney, CEO of the IMF. “He has been a valued partner to the business for many years through his initial role at Weston Presidio, and most recently at Servco. Matt has extensive knowledge of the history, current operations and future growth plans of FMIC His finance acumen, leadership experience, and business This knowledge will facilitate a smooth transition into FMIC’s finance function and enable him to quickly contribute to FMIC’s world-class management team as we support the 16 million new players who have joined our community over the past two years.”

“One of my first comments on the Fender board when I joined the company in 2015 was, ‘For a company of its size, the finance function is well above its weight class,'” Mooney said.. “Jim’s leadership within FMIC’s finance department has been exceptional. He has built a world-class team that has guided the business through challenges and set the stage for our current success. However, Jim does more than leading the finance function, much more. He has been a trusted advisor to the IMF leadership team in general, and to myself in particular. Every key decision made over the past six years has with his guidance and counsel. Jim has developed many personal friendships over the years. I consider myself lucky to be his friend, and believe that our friendship will last a lifetime. It was a privilege to have worked with him , and I wish him, his wife Gina and his family all the best for the future.

Janopaul brings a unique perspective and long-standing partnership to FMIC, joining his most recent role as Managing Director of Servco Pacific Capital (SPC), the direct investment arm of Servco Pacific, Inc. (Servco), the largest private for-profit company Hawaii. SPC’s biggest investment to date is FMIC’s majority stake. Since 2001, Janopaul has held various positions at Fender, ranging from investor and board member to president and chief operating officer. As COO, he was responsible for the day-to-day operations of the company, including accounting and finance, business development, IT, manufacturing and supply chain. Prior to joining Fender, Janopaul was general partner of Weston Presidio, a leader $3.3 billion private equity firm with offices in San Francisco and Boston, where he was actively involved in management buyouts, recapitalizations, leveraged consolidations and growth financings in the consumer, industrials, services and publishing sectors.

“We are all very grateful for Matt’s contributions to Servco. His leadership has been instrumental in the unprecedented success of our business, including his work with FMIC through Servco Pacific Capital,” said Marc Fukunaga, Chairman and CEO of Servco. “Matt’s passion for the music industry and the success of Fender has always been clear, which makes us confident this is the right decision for Fender and Servco. We congratulate Matt and look forward to working with him. in his new role.

“For the past twenty years, I have cared deeply about Fender and its mission to support artists at every step of their musical journey. What makes FMIC so special are the people throughout the organization. from the factories of Crown and Ensenada to the Global Sales Team it’s an amazing culture,” said Janopaul. “I look forward to the opportunity to work with the industry-leading management team at Andy and Fender, as well as joining the talented financial organization Who Jim Broenen built. It’s an exciting time to be part of this new future and the company’s long-term roadmap for innovative products and digital offerings.”

Headshot and bio for Jim Broenen and Matt Janopaul available here.

For technical specifications, additional information on new Fender products, and to find a dealer near you, visit fender.com. Join the conversation on social media by following @Fender.

ABOUT FENDER MUSICAL INSTRUMENTS CORPORATION:
Since 1946, Fender has revolutionized music and culture as one of the world’s leading manufacturers, marketers and distributors of musical instruments. Fender Musical Instruments Corporation (FMIC) – whose portfolio of owned and licensed brands includes Fender®, Squier®, Gretsch® guitars, Jackson®, EHV®, Charval®, Bobby® and PreSonus® – follows a player-centric approach to creating the highest quality digital instruments and experiences across all genres. Since 2015, Fender’s digital branch has introduced a new ecosystem of products and interactive experiences to support musicians at every stage of their musical journey. This includes innovative apps and learning platforms designed to complement Fender guitars, amplifiers, effects pedals, accessories, and professional audio gear, and inspire players through an immersive musical experience. FMIC is dedicated to unleashing the power of musical expression for all musicians, from beginners to historical legends. In 2021, Fender celebrated 75 years of giving artists “wings to fly”, carrying on the vision of its founder, Leo Fender, and connect gamers through a shared love of music.

FENDER (standard and stylized) are trademarks of Fender Musical Instruments Corporation and/or its affiliates, registered in the United States and other countries.

Fender Musical Instruments Corporation