- Peter M. Perez is appointed a president of Steinway & Sons, replacing Robert P. Bull.
- One of Peter M. Perez’s first directives as Steinway & Sons’ president is to re-instate William T. Steinway to his position at Steinway & Sons’ Engineering and Design department.
- The appointment of Peter M. Perez, unfortunately, will not alleviate the rumors about the decline in quality of Steinway & Sons pianos, and he will remain the company’s president for less than two years.