Pon Holdings, which acquired Dorel Sports in January, said Peter Woods, president and CEO of its cycling business, had 
stepped down.
According to a Pon Holdings’ release attained by Bicycle Retailer, the decision was mutually agreed on. Woods will work as a special advisor through the end of 2022 to support integration efforts.
Woods joined Dorel Sports in March 2012 as CFO and became president and CEO in 2014.
Dorel Sports brands include Cannondale, Schwinn, GT, and Mongoose.
Photos courtesy Dorel Sports
