The men’s cycling company Triumph has been forced to scramble to find a new chief executive in a bid to save its struggling brand.
The company has seen a surge in interest in its bikes as a result of the election of US President Donald Trump.
Now the company is trying to find the right man to lead the transformation of the company and its products.
Read moreRead moreOn Monday, Triumph said that its chief executive officer and two other key executives had resigned.
It is not clear what role the departures will play in the company’s turnaround.
Read more”We are looking at a number of different candidates to take over this role and to ensure that we can bring this company back to its previous position and the company can continue to grow,” the company said in a statement.
It said it has been in discussions with “several other potential candidates” and will announce “the candidates” at a later date.
“Our new Chief Executive Officer will have a significant impact on the company as we continue to deliver the highest quality products, the fastest turnaround time and the best value for our shareholders,” the statement said.
The company’s business has been hit hard by the Brexit vote in the UK and the impact on its business has seen it shed more than 100,000 jobs since January, according to an industry analyst.
The UK economy is expected to contract by 0.7% in 2019.
Read MoreThis isn’t the first time Triumph has faced tough times, having struggled to keep up with the rapid growth in cycling and other recreational cycling and is now one of the world’s biggest bicycle manufacturers.
Last year, the company announced it was cutting its full-time workforce from over 10,000 to around 8,000.
It also announced it would cut manufacturing and sales by around 50% in the next 12 months, a move that saw it lose more than a million customers.
The latest moves by the company have come amid a shake-up at the company.
In October 2017, the chief executive of the US-based company was fired after a year on the job.
The board was told that it had lost confidence in his leadership skills.