Special Announcement from Cakewalk

Boston, MA, (June 25, 2012) — Cakewalk, the world’s leading developer of powerful and easy to use products for music creation and recording, today announced the resignation of Greg Hendershott as Chief Executive Officer. Michael Hoover, currently Executive Vice President of Products, has been named President and will assume primary responsibility for all day-to-day Company operations, effective July 1st, 2012. Greg Hendershott will remain available as a consultant to support a smooth transition.

As Executive Vice President of Products, Michael Hoover has been instrumental in the direction and success of Cakewalk. Michael has over 20 years’ experience in the MI industry and joined Cakewalk in 1998, as Product Manager, where he made a huge impact with a succession of critically acclaimed products. In 2002, Michael joined the management team as Vice President of Products and Marketing and, more recently, became head of Engineering in his current role as Executive Vice President of Products. Michael has a background in audio engineering, is passionate about music and technology, and loves to play guitar. “I’m confident that Michael is the president Cakewalk needs for its many years ahead,” says Greg Hendershott.

Read the official press release for more information.

Farewell letter from Greg Hendershott

When I started Cakewalk in 1987, I didn’t know where it would lead or how long it would last. Time flew fast! As of last month, it’s been 25 years.

As I approached that 25th anniversary, I took time to reflect. If I’m lucky enough to have another 10 or 20 years of productive life, would I probably want to try something meaningfully different?

I also considered what would be positive for the company. New leadership can preserve the best of a company’s culture and values, while also bringing new energy and ideas. The organization can benefit tremendously.

As a result, I’ve decided the time is right for me to retire from Cakewalk, effective July 1, 2012. Although I will pursue other opportunities, I will remain available to consult for awhile, as needed.

In my place, Michael Hoover, currently our executive vice president of products, will assume the role of president. I’m confident that Michael is the president Cakewalk needs for its many years ahead.

I want to thank everyone I’ve had the opportunity to work with – I learned something valuable from every one of you, and will treasure the experiences.

Most of all, I want to thank our amazing customers. Without you, Cakewalk would not exist today. Your support and feedback has made everything possible. I feel good knowing that you will continue to support Cakewalk, as will I.

2012 is shaping up to be a very big year for Cakewalk. There are exciting product announcements on the horizon. When the time is right, Michael Hoover and the Cakewalk team will share them with you.

Thank you.

With warmest regards,

Greg Hendershott

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