In 2015, two facilities in Columbia, South Carolina and Carrickmacross, Ireland, were closed (with the loss of 300 and 140 jobs respectively), as part of a "global streamlining of Bose's supply chain. The Malaysian Bose factory is located in Batu Kawan and is also the company's distribution hub for the Asia-Pacific and Middle East. The Bose factories in Mexico are located in Tijuana and San Luis Río Colorado. The company's factories in the United States are located in Framingham, Massachusetts (also the site of the company headquarters), Westborough, Massachusetts and Stow, Massachusetts. Production facilities īose's products are manufactured in the United States, Mexico, China and Malaysia. Snyder, who will take her position September 2020, is an MIT alumna, having earned her master’s and Ph.D. In August 2020, Bose named their first female CEO, Lila Snyder, who was formerly an executive at Pitney Bowes. In late January 2020, President and COO Jim Scammon replaced Phil Hess at the helm. They will retain their online presence on their own website, as well as on Target, Best Buy, and Amazon In January 2020, Bose announced that they would be closing all their more than 100 retail stores in North America, Japan, Europe, and Australia. Maresca remained Chairman of the Board however. Īt the end of 2017, Maresca stepped down as CEO and Bose President Phil Hess took the position. Bose operations in Malaysia and Mexico will transfer to Flex. In June 2016, Bose and Flex manufacturing extended their strategic partnership. Following Amar Bose's death in 2013, Bob Maresca became the Chief Executive Officer. However, the conditions of receiving the shares stated that MIT was not allowed to sell them, nor was MIT permitted to participate in the company's management and governance. An annual cash dividend is paid out to "advance the research and education mission of MIT". In 2011, then-chairman and primary stockholder Amar Bose donated the majority of the firm's non-voting shares to his former employer and alma mater, the Massachusetts Institute of Technology. Bose announced it would close all of its retail stores in North America, Europe, Japan, and Australia in 2020, but would keep open another 130 stores in India, Southeast Asia, South Korea, China, and the United Arab Emirates. The first Bose retail store was opened in 1993 in Kittery, Maine. In 1991, a team of Bose researchers debunked a 1989 experiment that claimed to have created energy through cold fusion. The Bose 901 model name was a mainstay of the Bose line-up for many years, being produced from 1968 until 2016. The 901 was an immediate commercial success, and Bose Corporation grew rapidly during the 1970s. The design used in the 901 is unconventional compared with most systems, where mid-range and high-frequency speakers directly face the listener. The purpose of this design was to achieve a dominance of reflected over direct sound in home listening spaces.
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Also in 1968, the company introduced the Bose 901 stereo speaker system, which used eight mid-range drivers pointing towards the wall behind the speaker, and a ninth driver towards the listener. Amar argued that the best measure of audio quality is the listener's perception. Īfter this experience, Amar came to the conclusion that the audio system measurement techniques of the time (such as measuring distortion and frequency response) were not effective ways to evaluate the goal of natural sound reproduction. The 2201 was a failure in the market and was discontinued after three or four years. The 2201 was designed to be located in the corner of a room, using reflections off the walls to increase the apparent size of the room. It was an unusual design consisting of 22 speakers, with many of them facing away from the listener. In 1966, the Bose 2201 became the first product sold by the company. The purpose of the company was to develop speaker systems which used multiple speakers aimed at the surrounding walls to reflect the sound and replicate the sound of a concert hall. Amar's interest in speaker systems had begun in 1956 when he purchased a stereo system and was disappointed with its performance. The company was founded in Massachusetts in 1964 by Amar Bose with angel investor funding, including Amar's thesis advisor and professor, Y. Bose store at the Hong Kong International Airport