LeMond Fitness Appoints Raymond Calvert as Chief Financial Officer - SNEWS

LeMond Fitness Appoints Raymond Calvert as Chief Financial Officer

LeMond Fitness, maker of industry-leading cycling and fitness products, today announced the appointment of Raymond Calvert as Senior Vice President and Chief Financial Officer.
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SEATTLE - LeMond Fitness, maker of industry-leading cycling and fitness products, today announced the appointment of Raymond Calvert as Senior Vice President and Chief Financial Officer. Calvert brings over 20 years of strategic business and finance experience to LeMond Fitness, previously leading companies in the medical technology, consumer products, and life science industries.

Before joining LeMond Fitness as CFO, Calvert acted as a financial consultant to various emerging growth companies located in the Pacific Northwest, and prior to that he was Vice President of Finance and Chief Financial Officer at Northstar Neuroscience, a post he held from 2001-2009. There, Calvert led the company’s finance and administrative functions and managed all capital and strategic transactions. Calvert is a University of Washington alum, graduating Magna Cum Laude with a B.A. in Business Administration.

LeMond Fitness’ CEO, Mark Handfelt commented, “As we continue to add strategic personnel and proven leaders, we are thrilled to bring a CFO of Ray’s caliber to our team. He is a results-oriented professional with a breadth of experience that will compliment our growing business perfectly. I’ve known Ray for years in a number of different capacities and I’m delighted to be able to add him to the LeMond Fitness team.”

With founder and national and international cycling champion Greg LeMond, LeMond Fitness is pioneering a suite of product offerings that provide the most realistic stationary and indoor cycling experience on the market. The company’s signature products include the Revolution trainer, an industry-leading direct-drive bicycling trainer and the Power Pilot data capture device, which can work in tandem to give cyclists’ tools for preparing for races, getting and staying fit, and otherwise reaching their personal performance goals.

“As we continue to develop new and innovative products, we will look to Ray’s experience to bring strategic growth to our company,” said Greg LeMond. “His expertise with consumer products brands and engineering organizations aligns with LeMond Fitness’ goal to design, develop and distribute the best performing fitness tools and devices in the indoor and stationary cycling and cycle training market.”

About LeMond Fitness

In 1986, Greg LeMond became the first American to win the Tour de France and he is among the few riders in the history of cycling to repeat that feat three times. LeMond founded the company in 2002 after growing tired of indoor cycling equipment and trainers that do not have the fit or feel of riding a bike outdoors. Designed like great road bikes, all LeMond Fitness exercise and training bikes offer user-friendly adjustments and innovative training programs that allow users to develop and attain their personal performance goals. LeMond Fitness is the official bike trainer sponsor of Team Garmin-Cervelo, the Rapha-Focus professional cyclocross team, Kenda Pro Cycling, world champion triathlete Michellie Jones, and more. Visit www.lemondfitness.com.

For media inquiries or for more information about LeMond Fitness contact Craig Randall, craig@verdepr.com, 303.955.2357.



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