Swiss police were called to Scott Sports HQ in Fribourg on Wednesday afternoon after what was described as a "dispute between managers" (reported by DayFR Euro). 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.
Scott's new CEO, Juwon Kim, has 17 years of experience in investment banking and was head of growth strategy and mergers and acquisitions at Youngone, who also recently loaned Scott 150 million Swiss francs ($166 million).
