Business
Fox Factory Bolsters Management to Lay the Foundation for Next Phase of Growth
BRASELTON, Ga., May 06, 2021 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (Nasdaq: FOXF) (the “Company” or “FOX”) has announced the appointment of three key
About this update from Fox Factory Holding Corp.
[{"type":"text","content":"BRASELTON, Ga., May 06, 2021 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (Nasdaq: FOXF) (the “Company” or “FOX”) has announced the appointment of three key new leadership additions as the Company continues to lay the foundation for its next phase of growth. “Thanks to our existing team, we have experienced tremendous growth and portfolio diversification. In order to achieve the breakthrough results we aspire to reach, we have to do things thoughtfully and with our strategic vision in mind,” commented Mike Dennison, FOX’s Chief Executive Officer. “The changes we are announcing today are part of our evolution as a company. We are investing in our future by expanding the scope of our leadership team with deliberate intention and purpose.” President, PVG Business & Corporate Strategy Mr. Tom L. Fletcher has been promoted to President, PVG Business & Corporate Strategy. He joined FOX in July 2020 as Senior Vice President of Strategy and Platform Development. In his expanded role, Mr. Fletcher will leverage his diverse engineering and business experience to strengthen the front end of the PVG business, which includes the go-to-market strategy, product offerings, product engineering, sales, and marketing. “In light of FOX’s growth over the past several years, and the PVG business in particular, it has become increasingly necessary for our senior executives to be empowered to focus on their core areas of expertise,” commented Mr. Dennison. “The continued success of the PVG business requires us to invest in additional resources to foster further growth. Mr. Fletcher’s promotion will benefit our current PVG operations by allowing Rich Winters, President, Powered Vehicles Group, to focus exclusively on the operational aspects of the business, including supply chain, manufacturing, manufacturing support infrastructure, and the streamlining of efforts to achieve the Company’s business strategy.” Mr. Fletcher comes to the Company with a breadth of experience across a variety of disciplines, including business and technical executive leadership, strategy development, and operations. Prior to joining the Company, Mr. Fletcher held various leadership positions at Flex Ltd. (Nasdaq: FLEX) and was responsible for developing and deploying growth strategies and solutions for several Fortune 100 companies including Apple, Nike, HP, and RIM. As a se...