June 28 2018, Amsterdam, the Netherlands / Cedar Park, Texas – Fallbrook Technologies Inc., the privately held developer and licensor of the patented NuVinci® continuously variable planetary (CVP) transmission technology, emerged from restructuring under Ch. 11 on June 25, 2018. The filing for restructuring was done on February 26, and allowed Fallbrook to create a Plan of Reorganization to drive growth through its two divisions, licensing and bike.
The restructuring measures taken, along with the Plan of Reorganization, led to a simpler Fallbrook structure, composed of these two focused divisions. ‘This simple structure allows each business to fully focus on their own core objectives’, says David Hancock, enviolo’s newly appointed President and CEO.
Moreover, enviolo saw this as an opportunity to adapt its organizational structure to be more customer centered. This new structure aims at ensuring partners and customers enjoy a high-quality journey, from the moment they get in touch with the division, until after-sales services. Thus, the new Brand Experience (BX) department incorporates the customer experience and marketing teams. The BX Department will take care of all retail orders and partnerships, retail education programs, service questions, and warranty cases.
For further discussions on the new product portfolio and department, or the Chapter 11 emergence, the enviolo team is looking forward to meeting all of its customers at this year’s Eurobike and can answer any related questions.