Nonetheless No Reply from Kona Bicycles as Model’s Future is the Discuss of Sea Otter

Sea Otter is in full swing and there are a lot of manufacturers in attendance. However it’s the model that isn’t in attendance that’s producing essentially the most buzz. After showing on website and organising their tent, Kona Bicycles then tore down that very same tent earlier than the present even began. By the point we rolled into the venue on Wednesday on the finish of our experience with Otso Bicycles, the house for Kona’s tent was already vacant (circled above).

The transfer is a head-scratcher for a lot of causes – the model had simply unveiled a new journey bike because the present opened, and it looks like a wierd transfer contemplating they’d already paid to get their sales space to the venue and set it up. Nevertheless, the day after their mysterious exit, it was introduced that Kona’s mum or dad firm, Kent Outdoor, had simply appointed a brand new CFO. Based on the press launch, new CFO Rob Otto has expertise “bettering profitability and operational efficiencies together with managing integrations”. Conspicuously absent from the press launch is any point out of Kona Bicycles.

We’ve poked round Sea Otter to seek out extra particulars, however for now, nobody is keen to make any kind of touch upon the file. BRAIN reported earlier within the week that the corporate anticipated to have a “city corridor” assembly on Thursday, which appears more likely to have taken place, however with none additional information. We’ll hold digging, however for now, the way forward for Kona stays up for interpretation.

PR From Kent Outdoor:

Government Rent is A part of Firm’s Strategic Funding in Management, Innovation and Operations

SALT LAKE CITY, April 18, 2024 /PRNewswire/ — Kent Outdoor (“Kent” or the “Firm”), which has been serving to individuals of their pursuit of outside adventures for greater than 60 years, is happy to announce that it has added Rob Ottoto the corporate’s government administration staff as the corporate’s chief monetary officer. With an exemplary observe file within the shopper packaged items (CPG) house of bettering profitability and operational efficiencies together with managing integrations, Otto brings a wealth of expertise and experience to the Kent staff and portfolio of manufacturers.

“We’re extraordinarily excited to welcome Rob Otto to the Kent staff,” mentioned Kent Government Chairman Lee Belitsky. “He’s an skilled chief who will assist information Kent as we actively pursue new alternatives.”

As a results-oriented finance chief, Otto has been acknowledged for his capability to quickly interpret complicated conditions, formulate options, and make sound selections. He possesses appreciable expertise implementing processes and enterprise options that spur development and enhance operations and profitability.

Otto joins Kent after efficiently finishing the sale of RW Designs, the place he served as the corporate’s chief monetary officer and chief working officer, a wholesale and direct-to-consumer enterprise. Prior, Otto held CFO and COO government management roles at a number of CPG corporations comparable to Z Gallerie, Hudson Denims, Seven For All Mankind, and Affliction Holdings.

“Kent possesses among the most acknowledged names and types within the {industry} and it’s my objective to make sure the corporate stays an {industry} chief whereas enhancing operational capability and processes to make sure our amenities and individuals are working at their peak,” mentioned Otto.

About Kent Outdoor
Based in 1959 in New London, Ohio, Kent Outdoor is a various platform of outside manufacturers with a broad product set spanning private flotation units, wakeboards, water skis, towable tubes, snowboards and extra. The Firm’s portfolio of greater than 15 iconic manufacturers includes industry- main names comparable to HO/Hyperlite, Connelly, O’Brien, Liquid Drive, Onyx, Aquaglide, Barefoot/Fatsac, BOTE, and Arbor Snowboards (managed by settlement with the Arbor Collective), which have all contributed to the Firm’s long-term success in serving a broad base of motion sports activities individuals of all ages and ability ranges.