Bose Corp. Founder Amar Bose Passes Away At Age 83

BOSTON (AP) — Amar Bose, founder and chairman of the audio technology company Bose Corp., has died. He was 83.

His death was announced Friday by the company's president, Bob Maresca, and the Massachusetts Institute of Technology, where Bose began his acoustics research and was on the faculty for more than 40 years.

Maresca said Bose "was an incredible mentor and inspiration to Bose employees around the world."

Bose founded the company, based in the Boston suburb of Framingham, in 1964. It is known for making radios and noise-canceling headphones. Maresca said the company will remain privately held.

In 2011, Bose gave MIT the majority of Bose Corp. stock in the form of non-voting shares whose dividends are used to support education and research. MIT does not participate in management or governance of Bose Corp.

Copyright 2013 The Associated Press.