CANYON APPOINTS CHAD MANUELL TO CHIEF TECHNOLOGY OFFICER

- Canyon continues innovation drive with appointment of renowned industry pioneer

FOR IMMEDIATE RELEASE — To deepen its consumer-led growth and innovation focus, today Canyon Bicycles is announcing a strong addition to its senior leadership. Renowned industry pioneer Chad Manuell will join as Chief Technology Officer and will lead the company’s innovation drive into the future.

He fills a role vacated by Michael Kaiser, who is stepping into a role with Canyon’s Executive Advisory Board, after 17 years of work at Canyon where he played a vital role in turning the company to the world-leading direct-to-consumer bike brand it is known as today.

Manuell will be part of Canyon’s Executive Leadership Team and will be responsible for driving innovation and ensuring successful development and delivery of products to achieve Canyon's long-term objectives.

 Manuell joins Canyon with more than 22 years of experience in the bicycle industry, most recently as Director of Engineering at Trek in Wisconsin, USA and comes with a track record as one of the most respected innovators in the business.

With the ambition for further growth and globalization, Chad Manuell is expected to be another important personnel decision, after Alison Jones joined as COO and Karim Bohn joined as CFO/Managing Director over the past year.

Chad Manuell will commence his employment with Canyon in January 2024.

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