Fox Factory Holding Corp. (Nasdaq: FOXF) (the “Company” or “FOX”)
has announced the appointment of three key new leadership additions
as the Company continues to lay the foundation for its next phase
of growth.
“Thanks to our existing team, we have
experienced tremendous growth and portfolio diversification. In
order to achieve the breakthrough results we aspire to reach, we
have to do things thoughtfully and with our strategic vision in
mind,” commented Mike Dennison, FOX’s Chief Executive Officer. “The
changes we are announcing today are part of our evolution as a
company. We are investing in our future by expanding the scope of
our leadership team with deliberate intention and purpose.”
President, PVG Business & Corporate
Strategy
Mr. Tom L. Fletcher has been promoted to
President, PVG Business & Corporate Strategy. He joined FOX in
July 2020 as Senior Vice President of Strategy and Platform
Development. In his expanded role, Mr. Fletcher will leverage his
diverse engineering and business experience to strengthen the front
end of the PVG business, which includes the go-to-market strategy,
product offerings, product engineering, sales, and marketing. “In
light of FOX’s growth over the past several years, and the PVG
business in particular, it has become increasingly necessary for
our senior executives to be empowered to focus on their core areas
of expertise,” commented Mr. Dennison. “The continued success of
the PVG business requires us to invest in additional resources to
foster further growth. Mr. Fletcher’s promotion will benefit our
current PVG operations by allowing Rich Winters, President, Powered
Vehicles Group, to focus exclusively on the operational aspects of
the business, including supply chain, manufacturing, manufacturing
support infrastructure, and the streamlining of efforts to achieve
the Company’s business strategy.”
Mr. Fletcher comes to the Company with a breadth
of experience across a variety of disciplines, including business
and technical executive leadership, strategy development, and
operations. Prior to joining the Company, Mr. Fletcher held various
leadership positions at Flex Ltd. (Nasdaq: FLEX) and was
responsible for developing and deploying growth strategies and
solutions for several Fortune 100 companies including Apple, Nike,
HP, and RIM. As a senior executive, he has demonstrated expertise
in establishing strategic initiatives leading to the creation of
new markets, increased operational and financial objectives, and
exceeded customer expectations. Mr. Fletcher has also led numerous
high- performing teams through systems engineering processes and
simulation, integration and validation for the best and fastest
go-to-market strategy. Before Flex, Mr. Fletcher held a variety of
technical, business, and customer advocacy leadership roles in both
hardware and software companies including Lockheed Martin, Ariba,
Rasna, and Freedom Motors. Mr. Fletcher has a Master of Science
degree from Stanford University in Aero/Astronautics, as well as
Mechanical and Aeronautical Engineering degrees from the University
of California, Davis Campus.
Chief Legal Officer &
Secretary
Mr. Toby D. Merchant joins the Company as its
first Chief Legal Officer and Secretary. Mr. Merchant has over 16
years of experience working with public and private companies on a
variety of matters ranging from corporate governance, securities
matters, and company-specific issues, to leading domestic and
international mergers, acquisitions, and divestitures. Prior to
joining the Company, Mr. Merchant was the Chief Operating Officer
and General Counsel to McKenna & Associates, LLC, a boutique
advisory firm that manages its own proprietary capital. Before
that, Mr. Merchant was a partner at Squire Patton Boggs (US) LLP
where he was a member of the firm’s global Corporate and Financial
Services practice groups from October 2006 until November 2019.
Prior to Squire Patton Boggs (US) LLP, Mr. Merchant was an
associate at Dinsmore & Shohl LLP in the firm’s corporate
practice group. Mr. Merchant graduated with a B.S. degree from
Cornell University and earned his Juris Doctor at Case Western
Reserve University where he graduated cum laude.
Chief Purpose & Inclusion
Officer
Additionally, the Company recently promoted Ms.
Jackie B. Martin to Chief Purpose & Inclusion Officer. She
joined the Company in September 2020 as Vice President, Inclusion,
Diversity & Engagement. In her expanded role, Ms. Martin will
be responsible for driving a global strategy around the Company’s
commitment to (but not limited to) Inclusion, Diversity, &
Engagement (ID&E), Environment, Social & Governance (ESG)
Change Management, and Workforce Development. These efforts will be
grounded in a purpose-led approach, engaging employees, customers,
shareholders, and other key stakeholders in fostering a culture
that makes a sustainable positive impact in the communities where
we live, work, and play. Prior to joining FOX, she worked at
PricewaterhouseCoopers (PwC) where she partnered with Human Capital
to drive equity throughout the Southeast market talent life cycle.
From there, she transitioned into a national role developing and
executing firm-wide innovative solutions focused on building
empathy and upskilling to collectively raise awareness, mitigate
unconscious bias, and create a culture of belonging for all. Ms.
Martin started her career in operations as a Quality Engineer at
General Mills. She also worked at Kimberly-Clark Professional where
she accelerated her career, leading strategic B2B innovation,
marketing, and growth projects for major consumer brands like
KLEENEX®, including earning her first U.S. patent. Following this,
she led the marketing capability and functional talent acquisition
efforts which opened the door to become Kimberly-Clark
Professional’s first ever Diversity & Inclusion Leader,
implementing a strategic culture shift which led to a significant
diversification of the overall leadership pipeline. She is also a
certified life and executive coach. Ms. Martin has her MBA in
Marketing from Emory University’s Goizueta Business School and an
undergraduate degree from the University of Michigan with dual
degrees in Chemical Engineering and Biochemistry.
About Fox Factory Holding Corp. (Nasdaq:
FOXF)
Fox Factory Holding Corp. designs and
manufactures performance-defining ride dynamics products primarily
for bicycles, on-road and off-road vehicles and trucks,
side-by-side vehicles, all-terrain vehicles, snowmobiles, specialty
vehicles and applications, motorcycles, and commercial trucks. The
Company is a direct supplier to leading powered vehicle original
equipment manufacturers (“OEMs”). Additionally, the Company
supplies top bicycle OEMs and their contract manufacturers, and
provides aftermarket products to retailers and distributors.
FOX is a registered trademark of Fox Factory,
Inc. NASDAQ Global Select Market is a registered trademark of The
NASDAQ OMX Group, Inc. All rights reserved.
Contact
Vivek BhakuniDirector of Investor Relations and Business
DevelopmentFox Factory, Inc.vbhakuni@ridefox.com Direct:
706.471.5241
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