The company, initially named the Fender Electric Instrument Manufacturing Company, was founded in Fullerton, California, by Clarence Leonidas Fender in 1946. Its Chairman of the Board of Directors and Chief Executive Officer is William (Bill) Mendello, its President and Chief Operating Officer is Matthew Janopaul, and its Chief Financial Officer is Richard Kerley The company is a privately held corporation, with the controlling majority of its stock owned by a group of its own company officers and managers. Other Fender brands include Guild (acoustic and electric guitars), Rodriguez (classical guitars), Benedetto (jazz guitars), SWR (bass amplification) and Squier (entry level/budget). The company makes instruments such as acoustic guitars, electric basses, mandolins, banjos, and violins, as well as guitar amplifiers, bass amplifiers, and PA (public address) equipment. Leo Fender also designed one of the most, if not the first, commercially successful solid-body electric bass, which is now standard in rock, jazz, country, funk, and all other types of popular music.
The Fender Musical Instruments Corporation, of Scottsdale, Arizona, USA, is famous for making stringed instruments, such as solid-body electric guitars, including the Stratocaster and Telecaster.