Scott Sports has appointed Pascal Ducrot and Juwon Kim as co-CEOs, following a disputed leadership change involving former CEO Beat Zaugg. Ducrot, a longtime executive at Scott, and Kim, former head of growth strategy and M&A at Scott’s majority shareholder, Youngone Corp, will lead the company with a renewed focus on its core bicycle business, which accounts for over 80% of its revenue. Youngone Corp provided a loan of 150 million Swiss francs to Scott earlier this year. The new leadership aims to stabilize the company and drive innovation in its bike, e-bike, and urban mobility segments, as well as continue development in apparel, running, winter, and outdoor products. The leadership change follows a turbulent period marked by a dispute at Scott’s headquarters.
Sporting Goods, Private Equity,Switzerland, South Korea
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