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CEO Tjeerd Jegen: “It feels a natural moment to transition the leadership of the company.” – Photo Accell Group

Accell Group CEO steps down in favour of chief operating officer

HEERENVEEN, the Netherlands - Accell Group's chief operating officer (COO) Jonas Nilsson, will become CEO of the group, succeeding Tjeerd Jegen, who is stepping down and will transition to chair of the group's supervisory board. The CEO transition will take place over the coming months, up until 1 April, 2025, with the Chair transition taking place later this year, to allow for a cool-off period in line with good governance practices.

Since assuming the role of Chairperson in 2017, Bonnie Tu has driven the group's digital transformation and strategically established manufacturing facilities in Hungary and Vietnam. - Photo Giant

Giant Group appoints new management team as Bonnie Tu retires

TAICHUNG, Taiwan - Giant Group will start 2025 with a new executive leadership team following the announcement that long-standing chairperson Bonnie Tu will officially retire. The Group's board of directors has approved the appointment of current CEO Young Liu as the new Chairman. The current chief branding officer Phoebe Liu has been promoted to CEO. These changes will take effect January 1, 2025.

In a cost-cutting exercise, Accell Group started 2024 with the announcement that it was merging its two facilities in Heerenveen, The Netherlands and relocating some of the current production to Accell's other European manufacturing facilities. – Photo Tweewieler

Accell Group files 2023 accounts with 10% revenue drop but 'recovery...

HEERENVEEN, The Netherlands - As the market continues to be challenging, liquidity will remain a key focus of the Accell Group, according to a business update of the company published yesterday. With accounts for 2023 finalised with a 10% revenue drop, "recovery is well on track across the business," states CEO Tjeerd Jegen.

Giant Group’s ESG efforts throughout 2024 have been rewarded with the DJSI listing and a manufacturing award from the Ministry of Economic Affairs. – Photo Giant Group

Giant Group setting ESG standards with DJSI index listing

TAICHUNG, Taiwan - In recognition of its ESG activities, Giant Group has joined the Dow Jones Sustainability Indices (DJSI) Emerging Markets Index, making it the first company in the bicycle industry to have this distinction.

The latest extension of the Rehe facility of Abus was particularly aimed at increasing the capacity for the mobility sector. - Photos Bike Europe

Abus open doors of high-tech factory at 100th anniversary

REHE, Germany - Welcoming almost 5,000 people at their head office in Wetter, Germany, bike security company Abus celebrated their 100th anniversary in the first week of December. On this occasion the company also opened their doors to visitors of their newly built high-tech production hall for mobility products.

“The team’s entrepreneurial energy and dedication to innovation align perfectly with my vision for growing impactful brands,” said Tomi Viiala when introduced as advisor to the Board of Ahooga. – Photo Ahooga

Former Stromer CEO Tomi Viiala partners with Belgium Ahooga

BRUSSELS, Belgium - Folding bike specialist Ahooga has welcomed Tomi Viiala, former CEO of Stromer, as an advisor to the Board. Known for his instrumental role in transforming Stromer into the global leader in speed pedelecs, Viiala will support Ahooga in advising on driving strategic growth across Europe.

Team Picnic PostNL manager Iwan Spekenbrink (left) and Accell Group CEO Tjeerd Jegen signed the 4-year contract. - Photo Accell Group

Accell Group returns to UCI World Tour team sponsoring

DIJON, France - The news came out already earlier, but was only published officially today. Accell Group's brand Cycles Lapierre is making a return to the to the UCI World Tour as the official bike sponsor for Team Picnic PostNL. The team will compete on Lapierre bicycles for the next four years.

John Zopfi (r.) the new chief commercial officer at Gravaa and CEO Gertjan van Ginderen (l.). – Photo Gravaa

Gravaa appoints new chief commercial officer

EINDHOVEN, the Netherlands - Adaptable tyre pressure technology firm Gravaa has ap-pointed John Zopfi as its new chief commercial officer. With more than 20 years of experi-ence in outdoor and cycling industries, Zopfi took up the role earlier this month after spend-ing the past six years at 7mesh Industries where he most recently served as general manager for global wholesale.

“I wanted to bring fashion and style into this product category,” says Tex-Lock CEO and co-founder Alexandra Baum. – Photo Bike Europe

'Locks should be more than just a safety feature'

LEIPZIG, Germany - For Tex-Lock a bicycle lock is not just that standard heavy weight safety device in black that needs to be used by any cyclist to protect their bike. "I wanted to bring fashion and style into this product category but also improve the usability," says Tex-Lock CEO and co-founder Alexandra Baum. "Locks needed a soft feeling instead of bulky steel."

The financial situation for Bafang has not improved compared with 2023. – Photo Bike Europe

Bafang sales performance not recovering in over supplied market

SUZHOU, China - The oversupply in the industry, even for the category e-bikes, is still resulting in a slowdown in demand for component manufacturers. The excess inventory situation was already reflected at Taichung Bike Week last September but also came forward in Bafang's nine months earnings result which did not improve compared with 2023.