Ownership of DT Swiss Group Changed
BIEL, Switzerland – DT Swiss, one of the biggest bike parts makers in Europe, changed its ownership. The company’s longstanding CEO and Chairman Marco Zingg has sold his shares to his two business partners Frank Böckmann and Maurizio D’Alberto.
The changed ownership in what is today the DT Swiss Group is part of a succession planning. That started in June 2015 with Marco Zingg’s departure as CEO.
Shares sold in equal parts
The next step in the transition of ownership of DT Swiss has taken place recently with the sale of Marco Zingg’s shares in the company in equal parts between his two business partners, Frank Böckmann and Maurizio D’Alberto.
Zingg will continue to serve as Chairman of the Board up until the General Meeting in May 2016 and will remain available to the company on a consultancy basis for special tasks.
DT Swiss Group
With effect from the General Meeting on May 10, 2016, Frank Böckmann will replace Marco Zingg as Chairman of the Board. He is also CEO of the DT Swiss Group that currently operates four production sites in Biel, Poland, Taiwan and the USA. The DT Swiss Group employs over 600 people worldwide, including 180 at its head office in Biel, Switzerland.
Frank Böckmann, Maurizio D’Alberto and Marco Zingg founded by a management buyout from the United Wireworks DT Swiss in 1994. At that time DT Swiss only made spokes. Since the DT Swiss range has expanded into hubs, rims, wheels, suspension forks & shocks as well as accessories.