Scott Sports has replaced Beat Zaugg as its board of directors appoints Juwon Kim as the new CEO.
Bicycle Retailer reports in a move said to "refresh Scott's development to become a world-class manufacturer in bikes and other outdoor sport categories", Scott Sports will now be led by a previous board of directors member Juwon Kim. The new CEO Juwon Kim will be advised by Steve Meineke and Mathias Seidler, who will offer their insights about the bicycle and outdoor gear industry.
Juwon Kim has 17 years of experience in investment banking and was head of growth strategy and mergers and acquisitions at Scott Sports' majority shareholder Youngone Corp. Recently, the
Youngone Corp loaned Scott Sports 150 million Swiss francs ($166 million), with 100 million Swiss francs due on Jan 2 2025.
Scott Sports' press release announcing the change in CEO said: "The board of directors of Scott emphasizes that the long-standing commitment of majority shareholder Youngone to Scott remains central and is not called into question."
Kihak Sung, Youngone chairman and a member of Scott's board said: "Youngone has been a strong partner and long-term shareholder of Scott. We firmly believe in Scott, its state-of-the-art products, as well as the dedication and quality of its employees. With this change, Scott will strive to gain growth and market share in the future, leaving behind the current crisis in the industry."
Sports company ran by an investment banker. What could possibly go wrong.
When bankers or accountants run technical firms, things go down the tubes…
The moment you hear this “driving shareholder values” or similar BS, you know the firm is on a slippery slope…
Reality check: You don’t need to be a chef to criticise a restaurant for serving tasteless food and you don’t need to be an engineer for criticising a bridge for collapsing.
Investment funds and their directors are the reason for all the shitshow that is bike industry now. But they just knew better, that sales were going to rise to the moon, forever.
Bridges in general are just an example of things where we can generally tell if they are good or not without being an expert.
My merida is via the headset dust cover and its been no harder than a normal routed bike, sometimes easier... only thing thats annoying is when installing a fork... but how often do you really drop the fork....
The bike is sleek though. How does it climb? I have read that the suspension platform is pretty active, so the lock out is used more than you would think.
How are you connecting the cable housing together? Perhaps your way is better.
Still undecided right now if I'm buying a new rig or not. The Spark looks really good though.
But make no mistake, he’s there to guarantee that loan payment gets made in 9 months. Given the current state of the outdoor market, expect some serious cuts to be announced soon.
sources: www.ride-mtb.com/de/news/beat-zaugg-ich-bin-ceo / radmarkt.de/paukenschlag-bei-scott-sports-group-verwaltungsrat-ernennt-neuen-ceo
With any luck it will be "Why aren't people buying our bikes anymore?" and then "You did WHAT?!"
Oh well that’s business I guess.
It's a tough world out there, sometimes.
The alloy bikes feel like giants friday afternoon shifts(giant make scotts) and they are just poor quality.
Contrary to keyboard warrior belief the maintenance is fine. It was second hand and neglected and fitting new bearing +shock maintenance was not complicated. I prefered working on it than on other XC bike because hardware is well thought and not flimsy. With the bottom door routing new cable is easy too. The only complicated job would be upper steering bearing swap obviously but i never had to swap one in the last 25 years.
Things to know :
- I sized up and it's perfect like this to me but it means i had to buy a size S cockpit and have a redundant super expensive size L syncros cockpit. With stock sizing chart i feel it is a bit cramped. Probably works well for Nino that is small and use a huge ass stem with insane drop. On lewer end model stem is not integrated to it's easier to size up.
- I'm mostly certain the chainline on regular drivetrain is compromised to make it work perfectly on sram transmission, on the stock drivetrain the chain was a bit too angled on biggest cog.
- Cable rattles a bit in this huge carbon box. If i cared there are probably solutions.
- Lower steering bearing has a water protector but still water tend to drop on it from cabling and it suffer from it. Swapping is easy tho and there are inox alternatives. But yeah probably storing it wheel up after washing might help.
It's not cheap but when it released there was no really comparable bikes. Mondraker is pretty fine but i'm not a fan of the way the suspension feel under power, alwso no 2 big bottles. Sniper was interesting but full of issues. Epic Evo was bobbing a lot. Either to stiff when locked or inefficient open. Same story for scapel but with a worse shock progression, it was either too stiff or blew threw travel. Plus lefty is a maintenance nightmare. In fact i before i could find a new spark my favourite XC bike was an upgraded 18' spark.
Now the new specialized is a good competitor but that is mostly it.
There are so many brands out there that go so much further and offer lifetime warranties that actually mean something. Cube, HaiBike and Scott are some of the worst, whereas Specialized, Whyte, Cannondale, Trek, Kona and Giant are much better. My personal bike is a Bird and the warranty is lifetime and transferable. This should be standard for brands.
Início de 2023 eu consegui a gancheira IDS long para a Gambler 2010 aqui no Brasil por um valor mais em conta que fora do país.
Final de 2023 optei por trocar o chain stay da minha Gambler DH10 2010 e encontrei o mesmo aqui no Brasil na Scott, a loja que intermediou a venda me passou pelo valor de nota fiscal, a peça saiu já com conversão, por 86,00 dólares
"Giant are much better".
I guess you missed that topic?
Lucky if you're only handling shop serviced bikes but wave a spanner over it at home and giant have had some pretty poor consumer feedback on claim denials.
Intentional or not, it’s still good.
www.linkedin.com/in/kim-juwon-jejuseoulcaracas9001?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app
The claim is painful to read.
www.ride-mtb.com/de/news/transalpes-sorgt-mit-scott-aprilscherz-fuer-verwirrung
CEO: Duuuuurrrrrrr