Rad Power Bikes CEO Mike Radenbaugh stepped down, replaced by Phil Molyneux, who joined the Seattle-based e-bike company as president and COO earlier this year.

Radenbaugh will remain as chairman.

Molyneux previously was president at Sony Electronics and Dyson America. He was, most recently, CEO at Wrethink.

“With Phil now leading the day-to-day operations, Mike will focus on e-bike advocacy and innovation. Together they are devoted to accelerating the e-bike revolution,” Rad said in a statement to GeekWire.