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Terry Bowles, 17 years with Madison, will be leaving his role as CEO of the Madison Group at the end of 2005 due to a reorganisation of the business by H Young Holdings Plc.

Bowles to bow out at Madison

Bowles stays through until the end of December, grooming his successor as boss of H Young’s two-wheel business.

He said thanks to all of Madison’s "customers, suppliers and journalist friends for their support and partnership over a 17 year period that has witnessed a great deal of positive change within the bicycle industry."

A statement from H Young said: " Terry has been a highly successful CEO within the H Young Group, leading Madison to a premier position within the bicycle industry. Thanks in no small measure to Terry’s effort and vision, and the fine team he has built around him, Madison Cycles has a great future to look forward to."

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