The bankrupt manufacturer of Gibson guitars has kept its current CEO, Henry Juszkiewicz, on in an advisory role as the Nashville-based company navigates Chapter 11, with the help of lenders and advisors. And Juszkiewicz has said he expects to remain in that role for perhaps a year or two.
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Gibson, of course, makes electric and acoustic guitars, including a hall-of-fame array of historic models, including the Les Paul, the 335, the SG and many others.
Gibson filed for Chapter 11 protection from creditors in May, saying it was shouldering anywhere from $100 million to $500 million in debt.
Juszkiewicz bought Gibson in 1986 with a group of investors and moved the company from Michigan to Nashville, Tenn.