Randy Clark, President and Founder to be Chairman of the Board and CFO, Scott Helvie to be COO
FOR IMMEDIATE RELEASE
Indianapolis IN (January 15, 2014) – Locally owned Bicycle Garage Indy / BGI Fitness (BGI) today announced a five to ten year plan that will transition ownership of the company from Randy Clark, Founder and President, to Scott Helvie. Helvie spent five years with BGI in various capacities and has since gained an added nine years of experience in the bicycle industry in manufacturing, sales and distribution.
Helvie, 37, has taken a minority ownership in BGI and will function as the company’s Chief Operating Officer with responsibility for day-to-day operations. Clark, age 65, will remain as the Chairman of the Board and Chief Financial Officer of the company.
“All of our values and culture will remain intact, and in fact be strengthened, by Scott’s presence. Our goal is to provide an exceptional value-added shopping experience for each and every customer. As well, we will continue to focus on those things that tie us to the community including: a) advocating for more and safer places to ride a bicycle, b) being good corporate citizens through our Green Team Initiative, c) promoting bicycling as an alternative means of transportation and d) continuing our general and financial support of the community at large.” said Randy Clark of the transition.
Clark said “Scott is fully capable of taking BGI to the next level. We have an outstanding and experienced management team all of whom know and respect Scott’s talents.” Helvie also commented “I’m thrilled to be associated with BGI again in this new role. This is a unique opportunity to work with a very successful group of people whom I can share my passion for cycling and continue to grow cycling and fitness in Central Indiana. I hope to continue the culture and values that have been core to the success of Bicycle Garage Indy and BGI Fitness since the beginning. I am pleased to be a part of this next chapter of BGI.”
BGI was founded locally in 1983 and now maintains three retail locations: North, South and Downtown as well as a distribution center in northeast Indianapolis. The company employs 100 part and full-time employees. BGI is engaged in the sale and service of bicycles (as Bicycle Garage Indy) and residential fitness equipment (as BGI Fitness). The company also has extensive commercial sales in both of these business segments.
Bicycle Garage Indy promotes and supports healthy lifestyle changes in the Central Indiana community by providing a retail experience that “wows” its customers and delivering the following value-added services, 1) educating customers about how to use its products for a healthier lifestyle; 2) building excitement for the use of its products and provide the motivation for a healthier lifestyle, and 3) expanding the opportunities for a healthy lifestyle by increasing the venues for safe and fun cycling. BGI Fitness offers unparalleled customer service, broad equipment and accessory selection and excels in providing the right equipment that will help our customers achieve their exercise goals. For more information visit www.bgindy.com (Bicycle Garage Indy) and www.bgifitness.com (BGI Fitness) or call 317-842-4140 (BGI North, 82nd at Dean Road), 317-885-7194 (BGI South, seconds west of I65), or 317-612-3099 (BGI Downtown, in the Indy Bike YMCA @Indianapolis City Market)
Connie Szabo Schmucker
Bicycle Garage Indy/BGI Fitness
Jay S. Hardcastle
Bicycle Garage Indy/BGI Fitness