Scott Sports is excited to announce the appointment of Juwon Kim as its new CEO, taking over from Beat Zaugg. This move is part of the company’s efforts to strengthen its position as a leading manufacturer in the biking and outdoor sports industry. Kim brings 17 years of experience in investment banking and expertise in growth strategy and mergers and acquisitions to the role.
Youngone Corp, the majority shareholder of Scott Sports, has recently provided a loan of 150 million Swiss francs to the company, with a significant portion due in 2025. Despite the change in leadership, Youngone Corp’s commitment to Scott Sports remains unwavering, as highlighted by Kihak Sung, the chairman of Youngone and a member of Scott’s board.
Scott Sports is optimistic about its future prospects under Juwon Kim’s leadership. The company aims to overcome the challenges currently facing the industry and achieve growth and market share expansion by leveraging its cutting-edge products and the dedication of its employees. With Kim’s guidance, Steve Meineke and Mathias Seidler, who bring their expertise in bicycle and outdoor gear sector, Scott Sports is well on track for success in the competitive outdoor sports market.
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