Fox Factory announces Dudley Mendenhall as next Chair of its Board of Directors

– USA, GA –  Fox Factory Holding Corp. (NASDAQ: FOXF) today announced the appointment of Lead Independent Director Dudley Mendenhall as the Chair of the Board of Directors, effective April 2, 2021., succeeding Larry Enterline who will retire as Executive Chair on the same date.

Mr. Mendenhall previously served as Chairman of the Board from July 2017 to June 2019.

“This year marks my second year as the CEO at FOX and, without a doubt, it wouldn’t have been the same without Larry’s mentorship. I am privileged that Larry and the Board have laid a strong foundation for our future success, which we will continue to build upon, as we look to surpass $1 billion in revenue for the first time. On behalf of the Board of Directors and everyone at FOX, we want to thank Larry for all of his contributions over the years,” said CEO, Mike Dennison. 

He added, “Dudley has been a part of the FOX Board in various capacities since June 2013, and Jean has been a part of the FOX Board in various capacities since February 2019. They both understand the vision of FOX and through their financial, operational, and strategic acumen, have been actively contributing to our success. We are very excited for this next phase of FOX’s growth and together we will continue to execute our shared strategic vision.”

Mr. Enterline served as the Executive Chair of the Board since June 2019, before which he served as the CEO of FOX for eight years.

“It has been a privilege to be a part of the FOX family for almost a decade, first as the CEO and then as the Executive Chair of the Board. I consider myself very fortunate to have worked with the most dedicated and talented employees and management team in the industry,” commented Mr. Enterline. “Mike has been instrumental in helping FOX take the necessary actions to succeed in the changing competitive landscape and enter the next phase of growth while remaining committed to preserving the power of the FOX brand.”

About Fox Factory

Fox Factory Holding Corp. designs and manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, side-by-side vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. The Company is a direct supplier to leading powered vehicle OEMs. Additionally, the Company supplies top bicycle OEMs and their contract manufacturers and provides aftermarket products to retailers and distributors.

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