McGuire steps down as Tweeter ceo

CANTON, Mass. Joe McGuire president and ceo of Tweeter Newco, has removed himself from this position, effective yesterday, according to reports.

The move follows Schultze Asset Management's, Tweeter's parent company, announcement of major staff reductions throughout the company, but especially at headquarters. According to reports, a successor to McGuire is expected to be named soon.

McGuire joined Tweeter in 1996 as cfo following the chain's acquisition of Bryn Mawr Stereo and Television, where he had served as cfo for 10 years. In July 2005, he succeeded Jeff Stone as president and ceo of Tweeter.