DARMSTADT, Germany (BRAIN) — Markus Riese will step away from executive duties of e-bike manufacturer Riese & Müller and focus on innovation.
Riese, who co-founded the brand along with Heiko Müller nearly 30 years ago, resigned from his CEO role on Aug. 1. The company has grown from a folding bike start-up to a global e-bike brand with more than 900 employees and turnover of about $351 million.
"My great passion lies in the development of e-bikes and innovative detailed solutions," Riese said. "I want to inspire people with our bikes and advance new forms of mobility. I can't imagine doing anything else. One of the factors in Riese & Müller's success has always been the fact that its corporate work has been performed with this same passion. Heiko and Sandra (Wolf) clearly share this passion."
Wolf also will take on shares in the company. Müller and Wolf will be supported by a newly established management board, alongside department heads. The seven-member management board will advise on company decisions. The board consists of Alexander Eilhauer (chief operating officer), Kai Schmidt (chief technology officer), Christine Vollmer (chief people officer), Jörg Matheis (chief communication officer), Rainer De Mey (chief digital officer), Timo Gührer (chief sales officer) und Markus Papke (chief innovation officer).
