Moog Music Sold To Employees

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Asheville, N.C.—June 11, 2015: Mike Adams, Moog Music Inc. President/CEO, has announced that he has sold the company to its employees.

Moog Music Inc., the electronic musical instrument company, was founded by the late synthesiser pioneer Dr. Bob Moog.

“The employees at Moog Music Inc. are what make this company successful,” said Adams. “I feel the best way to recognize their passion and hard work is to give them ownership.”

Robert Moog
Robert Moog

Adams’ decision is said to be in line with the vision of Moog. Dr. Ileana Grams-Moog, Dr. Moog’s widow, said “Bob and I consulted an expert in worker-owned businesses in 2001, but weren’t able to make employee ownership at Moog a reality. Bob would be thrilled that Mike Adams realised this shared dream 14 years later.”

Mike Adams will remain the Moog Music Inc. President and CEO and he has reported that Moog Music Inc. has experienced significant growth in recent months and years with an an average of 18% revenue growth for the past 12 years with revenue up 46% over 2014. The company has grown from 27 full time employees five years ago to the current number of 62

Moog’s synthesisers, processors and other instruments are all still made in downtown Asheville. The company also hosts an annual electronic music festival, called Moogfest.

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Brian Wise

Brian Wise was the Editor of Addicted To Noise‘s Australian site from 1997 – 2002. The site won two ONYA Awards as Best Online Music Magazine in 1999 & 2000. He has also been Editor since its reincarnation in 2013. He also presents the weekly music interview program Off The Record on 102.7 Triple R-FM (rrr.org.au) in Melbourne. It is networked to 45+ stations across Australia on the Community Radio Network and is a four-time winner of the Best Music Program Award from the Community Broadcasting Association of Australia. In 2012, it was nominated as a finalist in the Excellence in Music Programming category. Brian was also the Founding Editor & Publisher of Rhythms Magazine and is now its Senior Contributing Editor.

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