Cannondale gets new CEO

"I’m very attracted to Cannondale’s mix of strengths and opportunities," said Doerr.

"The company has what is undoubtedly one of the strongest brands in the bike business, with a fantastic reputation for innovation and quality. At the same time, there are very real opportunities to improve a number of internal operations that will make us a world class supplier to our dealers, and also a better partner with our vendors."

Doerr joins Cannondale’s existing management team, which is led by long-time employees Scott Montgomery (vice president of Marketing) and Dan Alloway (vice president of Sales).

"We’re extremely excited to have John joining our team," said David Uri, a director of Cannondale and a partner at Cannondale’s parent company, Pegasus Capital Advisors, L.P.

"Our US bike factory is a key competitive advantage for both Cannondale and our dealers, and with John’s help we’re looking forward to taking more complete advantage of the benefits that domestic bike production gives us."

Cannondale is currently working with an independent consulting firm to streamline materials flow and enhance production efficiencies at its Bedford, Pennsylvania bicycle factory, and the company is also actively involved in the search for a new chief financial officer.