Bose Corp., the Framingham maker of high-end speakers and headphones, will have a new leader and, for the first time, an address in Boston.
Chief executive Bob Maresca will retire at year’s end, technology publication CNet reported Monday, and will be succeeded by Phil Hess, Bose’s president.
Hess will be just the third CEO in the history of the privately held company, which was founded in 1964 by Massachusetts Institute of Technology professor Amar Bose, who led it until his death in 2013. Maresca — a longtime executive there — then stepped into the top job.
He led a restructuring that shed jobs while overseeing a shift in Bose’ products to target younger consumers. Maresca will stay on as chairman and a trustee of the company, while handing day-to-day operations over to Hess, who has run Bose’s home entertainment division for more than a decade.
Maresca told employees of his retirement in June, but Bose, which keeps a low profile and makes few public announcements, has not formally announced the move. Maresca told CNet in a recent interview that he didn’t “want people to think I just disappeared.”
A company spokeswoman did not respond to messages seeking comment about the transition late Monday.
The news comes the same day Bose confirmed it will open its first office in Boston. The company has signed a lease for 98,000 square feet of office space at Boston Landing, the large mixed-use campus New Balance is building along the Massachusetts Turnpike in Brighton.
Starting next year, Bose will occupy several floors of a 10-story building above the Warrior Ice Arena, where the Boston Bruins practice. It is one of several companies moving into the campus alongside New Balance’s new corporate headquarters. Bose’s headquarters, and most of its 2,400-person local workforce, will remain in Framingham.
By opening a Boston outpost, Bose will join other suburban companies placing a flag in the city, including PTC and Reebok, which recently relocated from Needham and Canton, respectively, to the Seaport District. A number of tech and consumer-products companies, in particular, have expanded in Boston, hoping to attract more young workers.Tim Logan can be reached at email@example.com. Follow him on Twitter @bytimlogan.