Dorel announces departure of Cannondale Sports Group President

About this update from Dorel Industries Inc. Class A

[{"type":"text","content":"\n\n\n\nMONTREAL, Aug. 27 /CNW Telbec/ - Dorel Industries Inc. (TSX: DII.A,\nDII.B) today announced that Jeff Frehner, President and CEO of the Cannondale\nSports Group (CSG) has decided to leave the Company for family reasons. CSG,\ndedicated to serving the independent bicycle dealers channel, is one of two\ndivisions of Dorel's Recreational/Leisure segment. Robert P. Baird, Jr.,\nPresident of the segment, will oversee operations at CSG until a replacement\nis named.\n\n\n"We are sorry to see Jeff leave. As the former President of Madison,\nWisconsin based Pacific Cycle, Jeff and his family have developed strong roots\nin that community. He has found it difficult to accommodate an extensive\nbusiness travel schedule and the need to be physically present in Bethel,\nConnecticut, headquarters of the Cannondale Sports Group," explained Mr.\nBaird.\n\n\n"There is an excellent, highly energized senior management team in place\nat CSG. Business at the division has never been better. We have a clear plan,\nand are committed to being the partner of choice for the independent bike\ndealer," he concluded.\n\n\nProfile\n\n\nDorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile\nproducts and bicycle company. Established in 1962, Dorel creates style and\nexcitement in equal measure to safety, quality and value. The Company's\nlifestyle leadership position is pronounced in both its Juvenile and bicycle\ncategories with an array of trend-setting products. In the Juvenile segment,\nDorel's powerfully branded products such as Quinny, Maxi-Cosi, Safety 1st and\nBebe Confort have shown the way to safety, originality and fashion. Similarly,\nits highly popular brands such as Cannondale, Schwinn, GT, Mongoose and Sugoi\nhave made Dorel a principal player with both independent bicycle dealers and\nmass merchants. Dorel's Home Furnishings segment markets a wide assortment of\nfurniture products, both domestically produced and imported. The Company\nexerts relentless innovation and marketing flair across all of its divisions.\nDorel is a $2 billion company with forty-six hundred employees, facilities in\nseventeen countries, and sales worldwide.\n\n\nUS operations include Dorel Juvenile Group USA; the Cannondale Sports\nGroup; Pacific Cycle; Ameriwood Industries which produces ready-to-assemble\nfurniture; Altra Furni...

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