Strava starts race to find new CEO
Co-founder and current CEO Michael Horvath plans to step back from his role
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Cycling social media platform Strava has started the process to find a successor to CEO Michael Horvath, one of the company's founders.
Horvath was one of six people who started the platform that has grown to be a behemoth in the cycling software world in 2009.
Writing on Strava’s blog Horvath, who stepped away from the company for five years to care for his children and terminally ill wife before returning in 2019, said he had commenced the search for a successor as CEO.
He said: “I am extremely proud that in my second run as CEO, through the dedication of this team and under my leadership, we have expanded who Strava is built for, invested in people and technologies to help more people find the motivation to be more active, and transformed our business success through the simple principle of making the product better.”
He said the “investments” the company was making would “put Strava and our subscription at the centre of connected fitness for many, many more people over the coming decade and beyond”.
He added: “Yet, as co-founder and CEO, it’s only part of my job to ensure we are picking the right path to that destination. The other part of it is to ensure we always recruit and support the right leaders for the right times.
“What got us here will not be exactly the same as what will get us there.
“I have decided that Strava needs a CEO with the experience and skills to help us make the most of this next chapter. The search for Strava’s next CEO is underway and I can’t wait to see how Strava becomes the company and service that motivates the world to move."
Horvath did not elaborate on what his role would be once a successor has been found for the CEO role but said he was “as committed to Strava’s future as ever”.
He added: “I want to ensure that Strava doesn’t miss a beat between now and when we find our new leader.”
Whoever takes over inherits the company at a tricky time. In December last year, Strava announced it would lay-off around 15% of its staff.
Then last month it got into hot water with price hikes that saw increases of nearly 30% for some users but made it extremely difficult for users to see what they would be charged. It later apologised for the “confusing” roll-out of the price increase - the first in many years.
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Having trained as a journalist at Cardiff University I spent eight years working as a business journalist covering everything from social care, to construction to the legal profession and riding my bike at the weekends and evenings. When a friend told me Cycling Weekly was looking for a news editor, I didn't give myself much chance of landing the role, but I did and joined the publication in 2016. Since then I've covered Tours de France, World Championships, hour records, spring classics and races in the Middle East. On top of that, since becoming features editor in 2017 I've also been lucky enough to get myself sent to ride my bike for magazine pieces in Portugal and across the UK. They've all been fun but I have an enduring passion for covering the national track championships. It might not be the most glamorous but it's got a real community feeling to it.
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