Here is the text of the press release from Cannondale Europe:

Cannondale appoints Jeff McGuane as president of European operations

(June 15, 2004) Cannondale has appointed longtime Cannondale executive Jeff McGuane as president of Cannondale Europe, its European subsidiary based in Oldenzaal, the Netherlands. McGuane has worked for Cannondale for more than ten years. He joined the Connecticut-based bicycle manufacturer in January 1994 as a credit manager. He subsequently moved into a sales representative role for the Midwest region of the USA. McGuane then became Regional Sales Manager and later President of Cannondale Japan. He has held this position for the last five years.