Rad Power Bikes CEO steps down

Rad Power Bike CEO Phil Molinax has resigned as part of a more extensive strategic reconstruction at the admirer. The company told TechCrunch that Chief Financial Officer Stephanie Roberts would serve as the interim Chief Executive Officer and search for the company to replace and Molinax will serve as an advisor.

News, first Report By electric, it comes a few months after it passes through Fifth round below four yearsThe After the previous CEO Mike Radenbagh resignation, Molinax took the role of CEO in 2022. Shackup comes at a time when mostly visible e-bike brands fought with the two- Cake And Dull – Recently going through bankruptcy reconstruction.

The company said in a statement that Rad Power itself is in the middle of a strategic pive to support a more significant focus on physical retail. “Although these decisions are always challenging, we reached this transformation with sympathy and persistent support for our talented team members and confident that this pivot would better support our drivers and our mission.”