LeMond Fitness, maker of cycling and fitness products, appointed 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 chief financial officer 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.
LeMond Fitness' CEO, Mark Handfelt commented, “As we continue to add strategic personnel and proven leaders, we are thrilled to bring a CFO of Ray's caliber to our team. 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.”
“As we continue to develop new and innovative products, we will look to Ray's experience to bring strategic growth to our company,” said founder 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.”
