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www.bicycleretailer.com
Cannondale Fires Scott Montgomery, Dan Alloway, Len Konecny
OCTOBER 03, 2003 -- BETHEL, CT (BRAIN)--Cannondale on Wednesday handed vice presidents Scott Montgomery, Dan Alloway and Len Konecny their walking papers.
Montgomery is the son of company founder Joe Montgomery and had been Cannondale's vice president of marketing. Alloway, who had been with the company for more than 15 years, had been its vice president of sales. Konecny was vice president of purchasing.
The firings shocked the industry.
"I am pretty shocked. I feel numb and am disappointed, but I look forward to the new opportunities," said Jay Wolff, general manager of Helen's Cycles in Southern California.
An employee at a Cannondale parts supplier said, "It's not right. I feel like crying."
Matt Mannelly replaces Montgomery. He is the former chief marketing officer for the United States Olympic Committee. He also held management positions at Nike and was Gatorade's director of marketing.
David Manchester, a longtime Cannondale employee, replaces Alloway. Steve Metz, Cannondale's longtime bike product manager, was named vice president of sourcing and product management, is replacing Konecny.
"These changes provide us with the internal organization needed to realize our goals of strengthening and growing Cannondale, and making us a more consumer and market-driven company," said David Uri, a director of Cannondale and a partner at Cannondale's parent company, Pegasus Capital Advisors.
Montgomery and Alloway could not be reached for comment.
Other changes in the Cannondale management team include Jean Benson's promotion to vice president of human resources and Rick Hinson's promotion to director of materials. Additionally, John Doerr, president of operations, is also now serving as chief operating officer.
Uri acknowledged that Montgomery and Alloway played important roles in growing Cannondale from a small manufacturer to a serious player in the international market as well as guide it through bankruptcy and into Pegasus' hands, but he said the company "needs more to go to the next level."
"We listened to dealers and customers to try to understand what made the company great historically. As we did that, we realized we had deficiencies in certain areas. Both are great people--this is not a personal issue--they have done a great job historically and we would not be where we are without them, but we recognize that to be competitive with Trek and Specialized and others we need to be on the top of our game," Uri said. "We needed additional talent and resources. Matt brings a healthy refreshing perspective that people here will learn from, and that the people who are leaving simply don't possess."
Uri said Pegasus remains committed to manufacturing in the United States and to keeping Cannondale's image at the high end.
"We are working with consultants to meet dealer demand efficiently. We need to serve our customers better. We know it won't happen in a week or a month, but we will be very methodical. We want to grow profitably, not just grow," Uri said.
Some who spoke with Bicycle Retailer & Industry News wondered why the company would fire three vice presidents a week before Interbike. Uri said the Pegasus partners were well aware of the timing.
"Pegasus didn't want to go to Interbike and meet with dealers and sales reps with a team that was familiar to them, then come back and make a very significant management change. There probably never is a great time to do something like this, but now we have the opportunity to showcase this management team at Interbike," Uri said.
Uri and the new management team will be meeting with Cannondale dealers and vendors at 9 and 10:30 a.m. on Monday, Oct. 13 in room 102 of the Sands Convention Center, downstairs from the main exhibit hall.
www.bicycleretailer.com
Cannondale Fires Scott Montgomery, Dan Alloway, Len Konecny
OCTOBER 03, 2003 -- BETHEL, CT (BRAIN)--Cannondale on Wednesday handed vice presidents Scott Montgomery, Dan Alloway and Len Konecny their walking papers.
Montgomery is the son of company founder Joe Montgomery and had been Cannondale's vice president of marketing. Alloway, who had been with the company for more than 15 years, had been its vice president of sales. Konecny was vice president of purchasing.
The firings shocked the industry.
"I am pretty shocked. I feel numb and am disappointed, but I look forward to the new opportunities," said Jay Wolff, general manager of Helen's Cycles in Southern California.
An employee at a Cannondale parts supplier said, "It's not right. I feel like crying."
Matt Mannelly replaces Montgomery. He is the former chief marketing officer for the United States Olympic Committee. He also held management positions at Nike and was Gatorade's director of marketing.
David Manchester, a longtime Cannondale employee, replaces Alloway. Steve Metz, Cannondale's longtime bike product manager, was named vice president of sourcing and product management, is replacing Konecny.
"These changes provide us with the internal organization needed to realize our goals of strengthening and growing Cannondale, and making us a more consumer and market-driven company," said David Uri, a director of Cannondale and a partner at Cannondale's parent company, Pegasus Capital Advisors.
Montgomery and Alloway could not be reached for comment.
Other changes in the Cannondale management team include Jean Benson's promotion to vice president of human resources and Rick Hinson's promotion to director of materials. Additionally, John Doerr, president of operations, is also now serving as chief operating officer.
Uri acknowledged that Montgomery and Alloway played important roles in growing Cannondale from a small manufacturer to a serious player in the international market as well as guide it through bankruptcy and into Pegasus' hands, but he said the company "needs more to go to the next level."
"We listened to dealers and customers to try to understand what made the company great historically. As we did that, we realized we had deficiencies in certain areas. Both are great people--this is not a personal issue--they have done a great job historically and we would not be where we are without them, but we recognize that to be competitive with Trek and Specialized and others we need to be on the top of our game," Uri said. "We needed additional talent and resources. Matt brings a healthy refreshing perspective that people here will learn from, and that the people who are leaving simply don't possess."
Uri said Pegasus remains committed to manufacturing in the United States and to keeping Cannondale's image at the high end.
"We are working with consultants to meet dealer demand efficiently. We need to serve our customers better. We know it won't happen in a week or a month, but we will be very methodical. We want to grow profitably, not just grow," Uri said.
Some who spoke with Bicycle Retailer & Industry News wondered why the company would fire three vice presidents a week before Interbike. Uri said the Pegasus partners were well aware of the timing.
"Pegasus didn't want to go to Interbike and meet with dealers and sales reps with a team that was familiar to them, then come back and make a very significant management change. There probably never is a great time to do something like this, but now we have the opportunity to showcase this management team at Interbike," Uri said.
Uri and the new management team will be meeting with Cannondale dealers and vendors at 9 and 10:30 a.m. on Monday, Oct. 13 in room 102 of the Sands Convention Center, downstairs from the main exhibit hall.
