Dorel Industries Inc. reported that Jeff Frehner, president and CEO of the Cannondale Sports Group (CSG), has decided to leave the company for family reasons. Robert P. Baird, Jr., president of the Dorel’s Recreational/Leisure segment, which includes Cannondale, will oversee operations at CSG until a replacement is named.
“We are sorry to see Jeff leave. As the former President of Madison, Wisconsin based Pacific Cycle, Jeff and his family have developed strong roots in that community. He has found it difficult to accommodate an extensive business travel schedule and the need to be physically present in Bethel, Connecticut, headquarters of the Cannondale Sports Group,” explained Baird.
On July 30, Matt Mannelly, president and CEO of Cannondale, announced that he will be leaving Cannondale and agreed to stay for a transition period until September. Frehner was scheduled to assume all direct leadership responsibilities for the company. At the time, Dorel said the move was in line with the strategy developed when Dorel Industries purchased Cannondale in February.