C.F. Martin & Company named Thomas Ripsam as new chief executive officer. Ripsam replaces longtime chairman and CEO Christian Frederick Martin IV. He is transitioning into a new corporate role, Executive Chairman.

During his tenure as CEO, Chris Martin guided the company through booms and busts. Recently, coronavirus-generated stay-at-home recommendations drove the popularity of indoor activities, making guitar sales brisk.

In comments related to the announcement, Martin said, “I want to thank everyone in the music products business for their support during my 35-year career as CEO of my family’s business. What a ride!”

He is eager to spend his retirement and new company role as cheerleader for the Martin brand.

Ripsam, his successor, has deep experience with financial oversight, gained from 25 years with Booz Allen & Hamilton and PricewaterhouseCoopers.

He has worked with consumer goods companies, specialty retailers, technology solutions providers, Fortune 50 companies and family owned businesses.

He’s also an avid guitar player.

“I have admired Martin guitars since I was a teenager,” said Ripsam. “My first real acoustic was a Martin guitar, and it has been a close companion to me since.

“I am honored and humbled to join the Martin family and to carry on the legacy of Chris Martin and his predecessors.”