Taking over the company shares of long-time CEO and Chairman of the Board Zingg at DT Swiss: Frank Böckmann (left), Maurizio D'Alberto (right)

After the resignation of Marco Zingg as CEO in June 2015, a smooth succession plan has now been put in place at DT Swiss Group. Marco Zingg has sold half of his company shares to his two business partners Frank Böckmann and Maurizio D'Alberto.

"After more than 20 years of successfully building up the Group together, the three company founders have thus been able to create an ideal solution for the next phase of the company's history, which ensures that the Group can continue to operate as an independent company," writes the Biel-based company in a press release.

Zingg will continue to serve as Chairman of the Board of Directors until the Annual General Meeting in May 2016 and will also be available to the company for special tasks on a mandate basis. Frank Böckmann will succeed Marco Zingg as Chairman of the Board of Directors from the Annual General Meeting on May 10, 2016.

As a result of the succession plan, DT Swiss is also taking a brief look at its financials: The company did well in the 2015 financial year despite the euro crisis and was able to slightly increase sales. The DT Swiss Group operates four production sites in Biel, Poland, Taiwan and the USA and employs around 600 people worldwide, 180 of whom work at the headquarters in Biel.

www.dtswiss.com

Ride has portrayed DT Swiss in three parts:

The company history
The production of spokes
Rim production