Scott Sports Announces Pascal Ducrot & Juwon Kim as Co-CEOs – Pinkbike

Bicycle Retailer reports Scott has concluded its search for a new CEO with the appointment of longtime Scott executive Pascal Ducrot and Juwon Kim, who was head of growth strategy and mergers and acquisitions at Scott Sports’ majority shareholder Youngone Corp. The Youngone Corp provided Scott Sports with a 150 million Swiss francs ($166 million) loan earlier this year. Alongside the appointment of co-CEOs, Scott has expanded the executive leadership team.

The brand has also said it will make the bicycle side of the business its “central priority” as it currently produces over 80% of the company’s revenue. On its bicycle business, Scott Sports said it: “will become the central priority, where Scott will increase its investment into the development of world-class products according to its values of innovation, technology and design, while targeting growth markets including e-bikes and urban mobility.”

Scott also has plans for “additional focus” on its apparel and footwear ranges with continued development across its bike, running, winter and outdoor products.

The latest update of the new co-CEOs comes after the previous CEO Beat Zaugg told Bicycle Retailer that he remained CEO despite the announcement of Juwon Kim taking the position in March. Following this story it was reported police were called to Scott’s headquarters to deal with a dispute. After providing Bicycle Retailer with comments on the dispute previously, Zaugg has not responded to further inquiries.