Newsroom

FOR IMMEDIATE RELEASE

FENDER MUSICAL INSTRUMENTS CORPORATION APPOINTS

JAMES A. DRUCKREY TO EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER

SCOTTSDALE, Ariz. (May 10, 2012) – Fender Musical Instruments Corporation (FMIC) is pleased to announce the appointment of James A. Druckrey to the position of Executive Vice President and Chief Operating Officer.

Druckrey joins FMIC from Euro-Pro Operating LLC, where he served as executive vice president of product development and marketing.

In addition to executive leadership experience in global marketing, product development, operations and manufacturing, Druckrey brings to FMIC nearly 15 years of experience in music and audio technology. Druckrey has previously served as vice president for Bose Corporation, a global developer of sound solutions for the entertainment, home audio, aviation and automotive industries. Previously he was president of the Harman multimedia business at Harman International Industries, Inc., a global audio and infotainment provider, and also held a number of senior executive roles at Seagate Technology, Gibson Guitar Corporation and Samsonite Corporation.

“Jim brings to FMIC substantial international, operational and industry experience with global lifestyle brands,” said Larry Thomas, chief executive officer. “He has a proven track record of success as a senior officer and leader, and I am confident he will fit in well with the culture we have established and will be a significant contributor to our company and senior leadership team.”

Druckrey earned his master’s in business administration from the University of Minnesota, Carlson School of Management and also holds a bachelor’s degree in marketing from St. Bonaventure University.

He will report to Thomas and will be based in the Scottsdale, Arizona headquarters office.

About Fender Musical Instruments Corporation

Fender Musical Instruments Corporation (FMIC) is a leading, global musical instruments company whose comprehensive portfolio of brands includes Fender^®, Squier^®, Guild^®, Tacoma^®, Gretsch^®, Jackson^®, Charvel^®, EVH^®, SWR^® and Groove Tubes^®, among others. Fender^® instruments include the Telecaster^®, Stratocaster^®, Precision Bass^® and Jazz Bass^® guitars. For more information, visit www.fender.com.

In 2007, FMIC acquired KMC Music, one of the largest independent U.S. distributors of musical instruments and accessories. In 2011, KMC Music and Musicorp united their sales and catalog divisions as KMCMusicorp, creating a leading wholesaler of musical instruments, accessories and lighting equipment. KMCMusicorp produces and/or distributes Ovation®, Takamine® and Hamer® guitars; Latin Percussion®, Gretsch® Drums, Gibraltar® Hardware, Toca® Percussion, Sabian® cymbals and Genz Benz® amplifiers and more. For more information, visit www.kmcmusicorp.com.

            # # #

Media Contact: Jason Farrell (FMIC)

480‐845‐5559 ph.

jfarrell@fender.com