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Albers Steps Down at Specialized

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MORGAN HILL, CA/USA (31 July 2000) — Tom Albers has resigned as president of Specialized Bicycles, with founder and chairman Mike Sinyard taking over responsibilities for leadership of the company, it was announced Thursday. Albers, who joined Specialized in 1997, said that the goals that had been mandated by the company’s board of directors, “while not 100 percent accomplished,” […]

MORGAN HILL, CA/USA (31 July 2000) — Tom Albers has resigned as president of Specialized Bicycles, with founder and chairman Mike Sinyard taking over responsibilities for leadership of the company, it was announced Thursday. Albers, who joined Specialized in 1997, said that the goals that had been mandated by the company’s board of directors, “while not 100 percent accomplished,” were now in place, allowing him to step down. Those goals included a more focused strategy for the United States; worldwide sales growth, improved customer service, better earnings, and more solid financial base, and a stronger corporate structure. “On a personal note,” he said, “I’m turning 60 this year and I’m ready to spend more time with my children and grandchildren in the Midwest.” Albers will continue on the Specialized Dealer Alliance Advisory Council and the management team of Specialized Dealer Direct, the internet sales company in which Specialized dealers hold a majority of control. He will also service the company as vice chair of the board of directors. Board member John Lillie will become the chairman of the board. The change was effectively immediately, although Albers said he would stay on full time in a transitional role until after the Interbike show in September. (WJ)

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