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Dave Ahmet is stepping down as CEO of MotorCycle Holdings (ASX: MTO) after 13 years at the helm of the motorcycle retailer to be replaced by Sime Darby Motors Group boss Matthew Wiesner.
Ahmet, who founded of MotorCycle Holdings in 1989 as a single location in 1989, says the move has been triggered by a recent accident with the decision to retire from the role made to focus on his health.
However, as a major shareholder in the group, the founder plans to remain on the company’s board as non-executive director.
MotorCycle Holdings adds that Ahmet will remain “actively involved in shaping the strategic direction of the company” while ensuring smooth handover to Weisner.
“As founder, Dave has succeeded in building the company to be the leading and most successful motorcycle and accessories company in Australia, with turnover in excess of $500 million per annum,” says MotorCycle Holdings chairman Rick Dennis.
“As a board member, we look forward to Dave’s continuing involvement and guidance over the years to come.”
Wiesner, who will step into the CEO’s role in December, brings more than 20 years of senior leadership experience in both the wholesale and retail automotive industries, with an extensive background in original equipment manufacturing.
The company says through his experience in both listed and private companies in Australia and internationally Weisner has demonstrated a “strong ability to drive business performance, transform businesses, and achieve growth through operational excellence and strategic innovation.”
Weisner is currently managing director of Sime Darby Motors Group Australia, which owns 16 motor dealerships across Australia employing more than 780 staff.
“It’s an exciting time to be joining the Motorcycle Holdings team as we look to the next phase of development and growth whilst the broader mobility industry continues to evolve at pace,” says Weisner.
Dennis says the MotorCycle Holdings board is confident that Weisner’s “expertise, vision and strategic acumen will be invaluable as the company strengthens its position in the market and pursues new opportunities for growth’.
Ahmet points out that while he is retiring as CEO he plans to continue to be involved in the “strategic direction of the company and assist Matthew in any capacity I can”.
“I do however need to focus on my health following a recent accident, so the time is right for me to step aside and to pass the baton onto Matthew,” he says.
“I’m sure Motorcycle Holdings will benefit from Matthew’s track record of driving business growth and focus on results.
“I will stay closely involved in the business to ensure a smooth transition and intend to remain a significant shareholder going forward.”
Meanwhile, the company has also announced the appointment of Michael Poynton as chief operating officer effective immediately.
Poynton joined the company in 2022 following the $60 million acquisition of Mojo Motorcycles and brings over 20 years’ experience in the motorcycle industry. He is currently executive director and general manager of Mojo.
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