Wed. Jun 19th, 2024

Travis VanderZanden’s slow-motion departure from Fowl is now full. The scooter rental firm introduced in a late-Friday information dump that the manager has stepped down from his function as chairperson of Fowl’s board, “efficient instantly.”

Changing VanderZanden is John Bitove, who performed a job in saving Fowl’s bacon this previous December through its merger with Fowl Canada.

VanderZanden had led the micromobility firm from its inception as its president and founding CEO, however that each one modified final yr when Fowl’s declining inventory worth culminated in a delisting warning from the New York Inventory Change. Quickly after, VanderZanden stepped down from his function as president, handing over the title to Fowl’s then-chief working officer Shane Torchiana. Torchiana went on to imagine the CEO put up as properly a number of months later. On the time, VanderZanden known as the reorg a “long-planned transition.”

In keeping with Fowl, VanderZanden “determined to step down [from the board] to pursue different ventures.” In a equally imprecise but intriguing assertion, VanderZanden added that he intends to return to his “entrepreneurial roots and incubate some new concepts.”

TechCrunch has reached out for extra info on the founder’s departure and can replace this story once we hear again.

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