KOBLENZ, Germany (BRAIN) — Armin Landgraf will step down as Canyon Bicycles CEO at the end of the month, and Chief Financial Officer Winfried Rapp will assume the role on an interim basis.
Landgraf cited personal reasons for his resignation. He will remain a Canyon consultant until the end of the year.
Canyon founder Roman Arnold will continue to support management as executive chairman of the advisory board. The company said the management team will be expanded in the future.
"Armin's contribution has been highly valuable for Canyon," Arnold said. "Over the past 2 ½ years, he has played a major role in shaping Canyon's success. We are deeply grateful for his commitment and achievements and wish him all the best for the future."
Rapp, an avid cyclist, joined Canyon in June and shortly afterward became CFO. Previously, Rapp was head of the Cologne-based cable network operator Unitymedia and guided the merger with Vodafone. He also held national and international management positions at SAP, Deutsche Telekom, and T Mobile UK.
"With his enthusiasm for the brand and product, Winni has familiarized himself extremely quickly with Canyon and has become an important shaper and contact person in the company in a short time," Arnold said.
