Fallbrook Technologies Inc., the privately held developer and licensor of NuVinci’s continuously variable planetary (CVP) transmission technology, has emerged from a restructuring under Ch. 11.
The filing for restructuring was done on February 26, allowing Fallbrook to create a Plan of Reorganization to drive growth through a simpler two division structure; licensing and bike.
“This simple structure allows each business to fully focus on their own core objectives”, says David Hancock, enviolo’s newly appointed President and CEO.
This new structure aims at ensuring partners and customers enjoy a high-quality journey; thus, the new Brand Experience (BX) department now 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.