The CEO of Rad Power Bikes is recessed

The CEO of Rad Power Bikes Phil Mlayneux resigned as part of a wider strategy in the famous electric bicycle company. The company told Techcrunch that financial manager Stephanie Roberts will work as a temporary executive head while the company is looking for an alternative and that Molino will act as a consultant.

News, first I mentioned By Electrek, it comes a few months after its passage The fifth round of workers’ demobilization in less than four years. Mulino took over the role of the CEO in 2022 after he stepped down former CEO Mike Rardbo. The disposal process comes at a time when many of the most obvious brands of electronic bikes are struggling, with two- cake and boring Recently, by restructuring bankruptcy.

The company said in a statement that Rad Power itself in the middle of “a strategic axis to support the most important focus on material retail, which requires reducing our teams participating in the direct work of the consumer.” “Although it is always difficult to make these decisions, we are approaching this transition with the firm sympathy and support of our talented teams and we are confident that this axis will support our best passengers and advance our mission to move forward.”