LeMond Fitness, maker of industry-leading cycling and fitness products, today announced the appointment of Raymond Calvert as senior vice president and chief Financial Officer. Calvert brings over 20 years of strategic business and finance experience to LeMond Fitness, previously leading companies in the medical technology, consumer products, and life science industries.
Before joining LeMond Fitness as CFO, Calvert acted as a financial consultant to various emerging growth companies located in the Pacific Northwest, and prior to that he was vice president of finance and CFO at Northstar Neuroscience, a post he held from 2001-2009. There, Calvert led the company’s finance and administrative functions and managed all capital and strategic transactions. Calvert is a University of Washington alum, graduating Magna Cum Laude with a B.A. in Business Administration.
“As we continue to add strategic personnel and proven leaders, we are thrilled to bring a CFO of Ray’s caliber to our team,” said LeMond Fitness’ CEO, Mark Handfelt. “He is a results-oriented professional with a breadth of experience that will compliment our growing business perfectly. I’ve known Ray for years in a number of different capacities and I’m delighted to be able to add him to the LeMond Fitness team.”
With founder and national and international cycling champion Greg LeMond, LeMond Fitness is aiming to create a suite of product offerings that provide the most realistic stationary and indoor cycling experience on the market.
“As we continue to develop new and innovative products, we will look to Ray’s experience to bring strategic growth to our company,” said Greg LeMond. “His expertise with consumer products brands and engineering organizations aligns with LeMond Fitness’ goal to design, develop and distribute the best performing fitness tools and devices in the indoor and stationary cycling and cycle training market.”
