Michael Kraft stepped down as president and CEO of Lingo Media Corp. and accepted the position of board chairman.

COO Gali Bar-Ziv will now serve as president and CEO, and was appointed to Lingo's board.

The management changes followed the company's annual and special shareholders meeting Dec. 11. At the meeting, shareholders re-elected Jerry Grafstein, Robert Martellacci, Martin Bernholtz, Tommy Weibing Gong and Kraft as directors.

Lingo Media develops, markets and supports various English language learning services.