Canyon to find renewed profitability as founder returns to the helm?
KOBLENZ, Germany - Founder, Roman Arnold, is returning to Canyon Bicycles GmbH to assume operational responsibilities as executive chairman, starting September 1st. Following a period where the ongoing challenging market environment had seen owner GBL's investment depreciate by 43% a new approach is now being taken. This means exit "by mutual agreement" for current CEO Nicolas de Ros Wallace.