Fox Racing Appoints Jeff McGuane as Chief Executive Officer

IRVINE, Calif., May 16, 2019 /PRNewswire/ -- Fox Racing (Fox), the global innovation leader in motocross and mountain bike gear and apparel, today announced that after a thorough search process conducted by its Board of Directors, Jeffrey McGuane will be joining Fox as Chief Executive Officer, effective June 3, 2019. Paul Harrington, Operating Partner of Altamont Capital Partners, who has served as Fox CEO since 2015, will move to the Board of Directors and assist with the transition.

"The Board and I are thrilled to have Jeff join the Fox team as CEO," said Paul Harrington. "During the search process it was clear he is a proven leader with an impressive track record of creating innovative products and successful go-to-market strategies around the world.  We are confident Jeff is the ideal person to lead the company through its next chapter."

Jeff comes to Fox from Specialized Bicycles as the U.S. General Manager and Leader of Global Markets where he returned the company to double digit growth over the past three years, expanded market share and increased gross margin dollars for both Specialized and their retail partners. Prior to joining Specialized, Jeff was President and CEO of ONE Industries from 2013 to 2015. From 1994 to 2013, Jeff was part of the executive team at Cannondale which grew the company from a $50 million industry niche player to a $500 million global business and the third largest premium bike brand in the world. Additionally, as a Director of the Board of Transamerican Auto Parts, Jeff worked to successfully transition the company from private equity ownership to Polaris Industries in 2016.

"With deep roots in motocross history, Fox has built a strong, authentic brand that consumers trust and respect, proven by decades of success," said Keoni Schwartz, Co-Founder and Managing Director of Altamont Capital Partners. "As investors in Fox, Altamont is extremely pleased to welcome Jeff as the new CEO. Jeff's extensive experience of growing businesses and creating winning strategies across MTB and MX products make him a natural fit."

"I am really excited to join the Fox Racing team," said Jeffrey McGuane. "I have always admired the Fox brand and all its commitment since 1974 to design and create innovative products that inspire riders around the world. I look forward to building on this vision and legacy of global leadership in technical gear and apparel."

About Fox Racing

For over 4 decades, Fox Racing has been the global leader in motocross and mountain biking gear and apparel. Fox outfits the world's best competitive action sport athletes and enthusiasts with innovative products rooted in the brand's original competitive motocross spirit. The company is based in Irvine, CA, with offices, retail stores, and an international roster of sponsored athletes, located around the world.

For more information, visit www.foxhead.com and follow @foxheadinc.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $2.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm's principals have significant experience building business success stories across a range of industries, including healthcare, consumer/retail, industrials, and financial services.

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SOURCE Altamont Capital Partners