Swiss police called to intervene amid reports of corporate turmoil, so just what is going on at Scott Sports?

April 6, 2024

Swiss police were called to Scott Sports HQ in Fribourg on Wednesday afternoon after what was described as a “dispute between managers.” The incident has been linked to the appointment of a new CEO, with the bike manufacturing giants calling the change at the top a “refresh.” Last week the Youngone Corporation, Scott’s majority shareholder, replaced longstanding CEO, Beat Zaugg, with Juwon Kim, previously a board member.

It was also reported by Bicycle Retailer that the outgoing CEO, Beat Zaugg, had claimed he was still the brand’s CEO, a minority shareholder and chairman of its parent company board, despite a Scott Sports press release stating that the board had removed him. Zaugg was quoted as saying, “This announcement was made to destabilize the company and its employees.” yahoo!