Bike equipment and sporting goods manufacturer Scott has appointed Hsuan Boon Tan (pictured right) as co-CEO.
In this new position, Hsuan Boon Tan will succeed Juwon Kim, who is returning to South Korea to focus on Youngone’s Strategy and Investment division, and will serve alongside co-CEO Pascal Ducrot (pictured left).
The company stated that the appointment marks its progression into a new phase focused on sustained growth and strengthened overall economics, following a stabilisation period after several turbulent years for the industry. This leadership transition also underscores Youngone’s continued investment in Scott’s future, ensuring continuity as the company enters its next stage of momentum.
Moreover, the appointment reflects Youngone’s long-term commitment to strengthening Scott globally, with Hsuan Boon Tan’s capabilities adding further strengths to lead the company into its next chapter of growth.
Both Juwon Kim and Hsuan Boon Tan will continue in their roles as Scott board members. Pascal Ducrot will also be appointed to the Scott board.
“Having served on the Board of Scott for more than two years, I have always been impressed by the passion of the Scott team. I look forward to working with Youngone and the entire Scott organisation as we shape the future of our company and honour its proud heritage,” said Hsuan Boon Tan.
Hsuan Boon Tan brings extensive experience in corporate governance and commercial litigation, alongside long-standing expertise across both Youngone and Scott. Most recently, he served as Youngone’s Head of Legal and Compliance, following earlier roles in private legal practice in Singapore. He has been a member of the Scott Board for two years, playing a central role in stabilising the business after disruptions affecting the bike industry during and after the COVID-19 pandemic, and guiding the organisation back onto a positive growth trajectory.
“It has been a pleasure to work with Juwon Kim during a transformative period for Scott over the past two years. I look forward to collaborating with Hsuan Boon Tan, whose deep understanding of the Scott organisation will support our continued growth and bring us even closer to our parent company, Youngone,” said Pascal Ducrot.