Fallbrook’s President Alan Nordin Resigns
CEDER PARK, USA – At the start of the new year, Fallbrook Technologies Inc. announces a major change of its organizational structure. As of December 31, 2012, Alan Nordin who has been President of Fallbrook’s Bicycle Division for eight years, left the company.
Alan Nordin’s resignation comes together with Fallbrook’s decision to relocate the company from San Diego, California to Cedar Park, Texas. “As part of our significant growth in the past years, we have decided to close the San Diego office where Al has been working and move the corporate headquarters to Cedar Park”, says William G. Klehm III, Chairman and CEO of Fallbrook Technologies Inc. “For personal reasons, Al has chosen not to relocate to Texas.”
A search for his replacement is underway and in the interim, David Hancock, executive vice president business units, will head the Bicycle Division.
Increasing manufacturing capability
“The number of bicycles and e-bikes offered with our NuVinci N360 hub and/or our more recently announced NuVinci Harmony auto shifting intelligent drivetrain continues to grow significantly”, says William Klehm. “We are increasing our manufacturing capability to support that growth and believe that NuVinci technology is on its way to becoming a standard in several important segments of the bicycle market.”