Managing Director of Genelec, Siamak Naghian, recently issued a statement saying:
“We are deeply saddened to announce that Ilpo Martikainen, the founder of Genelec
and a true pioneer in active audio monitoring has passed away on January 30th
2017, at the age of 69 after struggling with a long-term illness.’

Naghian continued: “During the recent years, focused on involving the next
generation. His children Juho Martikainen, Mikko Martikainen and Maria Martikainen
have grown up as part of the Genelec family. They have been closely involved in
developing the company into the leading global brand in active audio monitoring as
members of the Genelec Board since 2001. The children will continue in ownership
of Genelec together with the other board members Topi Partanen and Ritva
Leinonen who have made their lifework with Genelec. Ritva Leinonen continues as
the Chairperson of Genelec Board.

“We warmly thank Ilpo’s family for supporting him in being an essential part of our
lives and journey too. We hope the whole audio and music industry will join us in
extending thoughts and prayers to his family.

“Even if we greatly miss Ilpo we are privileged and grateful to share in the
wonderful memories, passion, humanistic values, love and evolution of the Genelec
story that we have experienced with Ilpo. This keeps his memory living in our
hearts and deeds. He will continue to live on, through us.’