AMSTERDAM (BRAIN) — Fallbrook Technologies Inc., the privately held developer and licenser of the patented NuVinci continuously variable planetary transmission technology, emerged from restructuring under Chapter 11 this week.
The company filed for Chapter 11 in February.
The result is a company divided into two distinct divisions: licensing and bike. Fallbrook's bike division is known as Enviolo.
"This simple structure allows each business to fully focus on their own core objectives," said David Hancock, Enviolo's newly appointed president and CEO.
He said Enviolo has adapted its organizational structure to be more customer centered. This includes the creation of the new Brand Experience (BX) department, which incorporates the customer experience and marketing teams. The BX Department will take care of all retail orders and partnerships, retail education programs, service questions, and warranty cases.
Enviolo will be meeting with customers and displaying its new products at Eurobike next month.
