Fox Factory Holding Corp. on Wednesday announced that after more than 10 years with the company, Zvi Glasman will resign November 1 as CFO to pursue other interests.
His departure will follow the company’s third quarter fiscal-year 2019 earnings. Fox has initiated a search to identify its next CFO and will consider both internal and external candidates with the assistance of a leading executive search firm.
Glasman will remain available to ensure a smooth transition through February 28, 2020. The company also reaffirmed its third quarter and fiscal year 2019 guidance as previously outlined on July 31.
“Zvi has been an integral member of our executive team for over ten years having successfully helped us transition our business from a privately-held to publicly-traded company, executing and integrating five strategic M&A transactions, and consistently aligning our organization to deliver on our financial objectives for the last 24 quarters,” commented Mike Dennison, Fox’s CEO. “Zvi’s expertise and contributions have been significant to our efforts to grow our global product portfolio, drive sales growth and expand margins. On behalf of everyone at Fox, I thank Zvi for his service and I look forward to continuing to work closely with him during the transition.”
Glasman said, “It has been a privilege to work alongside a talented and dedicated global team at Fox that consistently demonstrates a commitment to the product innovation and the growth of the Fox brand. I have great confidence in their ability to achieve our strategic and financial goals, and believe Fox is well-positioned to capitalize on opportunities for value creation well into the future.”
