johnny99

https://www.bicycleretailer.com/news/...tail/1637.html

07/29/2008 5:00 PM MST
Mannelly Leaving Cannondale

BETHEL, CT (BRAIN)—Matt Mannelly, president and chief executive officer of Cannondale, is leaving Cannondale.

He has agreed to stay for a transition period until September. Jeff Frehner, president and chief executive officer of Dorel's Cannondale Sports Group, will be assuming all direct leadership responsibilities for the company.

Mannelly was appointed president of Cannondale in 2003 and named chief executive officer in 2005.

"Cannondale as a brand is second to none in any industry and has incredible potential with an extraordinary culture of dedicated and passionate people. The team here has done a tremendous job over the last five years. More importantly, the future is very bright for the brand and there is an excellent leadership team in place led by Jeff Frehner," Mannelly said. "I've enjoyed the people at Cannondale. We make the best product in the cycling industry. I will continue to be a Cannondale advocate as long as I can pedal. I'm looking forward to my next opportunity; one I earnestly hope has people as passionate and a brand as strong as Cannondale."

Following the Dorel acquisition, Frehner, formerly president and chief executive officer of Pacific Cycle, was appointed president and chief executive officer of the Cannondale Sports Group, a new Dorel division established and dedicated to growing the Independent Bicycle Dealer channel (IBD).

"We appreciate Matt's significant contributions during his tenure at Cannondale. I'm looking forward to working directly with the passionate bike folks at Cannondale as well as the rest of the Cannondale Sports Group. Our goal is to be the leader in the IBD channel—so there's still a lot of opportunity out there for us. I wish Matt the best and I'm pleased that we will be able to continue to seek his counsel from time to time," Frehner said.

BananaTugger

Ruh, roh.

roadwarrior

Two people can't be in charge.

It's pretty simple. When I buy a company, I want my people running it.

Nothing to see here....move along.

BTW...I wonder how much the severance package was.

BananaTugger

When I buy a company, I want the right people running it.

Whatever Cannondale was doing post-bankruptcy, it was working, and Mr. Mannelly was on it.

patentcad

Apparently my angry phone call to Customer Service about my failed Cannondale CF si crankset this morning has had deep reverberations within the company.

As well it should.

Namenda

Enough to make him stick around til September with a smile on his face, apparently.

jfmckenna

I wonder if that means I will finally get my 29er now that's been on back order for the last 4 weeks!

roadwarrior

Told you. I warned you about that...remember when you bought that bike and I asked you if you'd found out about the cranks from the person who sold it to you.

ridethecliche

I wonder if the decision to cut down on models for '09 was partly Dorel's decision?

roadwarrior

Thanks. Having been through about half billion in acquisitions, I appreciate the advice.

Cannondale made great products pre and post bankruptcy. The money came from another source, and the founders, the Mongtomery's were asked to leave. The motorcycle thingy.

If I buy you, then I am going to think that my people are the right people. That's the beautiful thing about being the buyer.

Mannelly's job was simply to make Cannondale attractive to someone else. The venture capitalists were not there to own a bike company. He did that. Now he gets to reap the rewards.

He wasn't fired folks.

roadwarrior

No. They make too many models. Many of us are jumping for joy that they streamlined the line.

Super Six, Six, and Caad9. Nice and easy to work with and to sell.

patentcad

It seems to me that such a caveat would apply to every CF crankset out there.

Banzai

That doesn't give me a warm fuzzy.

Unless anyone else here has particularly good feelings about Pacific Cycles.

BananaTugger

Every bad CF crankset.

CastIron

Not my square taper Campy, buck-o.


As to C-dale: Get 'em while they're hot. Or in Target.

Banzai

But my Six13 is pure magic. Magic, I tell ya.

patentcad

All I know is alu cranksets don't have bonded sleeves for pedal threads and spline engagement. Nothing to un-bond.

BananaTugger

Bad cranks are cranks that rely only on the bonding agent to hold them together.

Good cranks have a mechanical interlock between the aluminum lugs and the carbon arms.

Zipp, THM, Stronglight, and more recently, FSA, do this.

roadwarrior

No...the crankset on the bike you bought had been recalled. When you bought it, I mentioned that in the thread, to make sure yo knew about it As I recall, you either spoke to the guy from whom you bought it, or checked it out with your shop and all was well.

The new ones are fine. We've sold a number of bikes without that setup with any issues. And it wasn't all of them as I recall, just a certain run, but they recalled all of them.

roadwarrior

That's why Hollograms are better, lighter, stiffer, and more expensive.

ridethecliche

This is definitely true. I couldn't keep the carbon models straight for the life of me. The similar nomenclature made it confusing to the customer as well.

Everything but the 9 will have BB30 though right? With the 9 having it on custom/team orders?

shabbasuraj

CANUCKDALE... the future is here

https://www.dorel.com/press/2008/112785_Dorel.pdf

BananaTugger

BB30 on the CAAD 9 is available for teams to order, yes.

BarracksSi

Makes sense. Reduce redundancy: "What's the difference between a Six13 and a SystemSix?" Carbon head tube. "Um, that's all? Okay..."

Well, they brought flashy bikes to the masses..

Hopefully, he won't be going, "This is what worked with Pacific, so we're gonna do it here," and instead say, "I wish we could've done this at Pacific, but we had to keep making cheap crap."

I've got three Cannondales -- roadie, hybrid, and MTB. I can wait a while before worrying about what they do next. The '09's are looking slick, though.

Ih8lucky13

Having been involved in and read about numerous changes in ownership,(takeovers, and acquisitions).

This has always been the case, the thought in the business world is if you are on the buyees side you are a loser, and you are not wanted.