Steinway's CEO Retiring

Steinway Musical Instruments, Inc.

today announced that Thomas Kurrer will retire from his position as President and CEO of Steinway & Sons Worldwide by the end of this year. Mr. Kurrer has had an outstanding 23-year career at Steinway & Sons. He joined the company as Managing Director of Steinway Germany and undertook responsibility for Steinway's European and Asian-Pacific operations. During his tenure, Steinway established operations in both Japan and China and grew its retail piano operations in both Europe and the Americas. After his promotion to President Worldwide in 2008, Mr. Kurrer spearheaded Steinway's brand harmonization initiative, establishing consistency of the iconic brand's image across the globe.