Lehman Trikes recently reported a 37 percent increase in its 2007 fiscal year revenue.
The manufacturer totaled more than $19.7 million in sales in its 2007 fiscal year, which ended Nov. 30. The company earned more than $14.4 million in its previous fiscal year.
In other company news, Lehman announced Larry Strilchuk has resigned as the CEO and president effective March 31. Strilchuk had previously announced his intent to retire once a suitable replacement had been identified.
Daniel Patterson Sr. has been appointed by the company’s board of directors to serve as the interim CEO and president. Patterson has been a member of the Lehman Board of Directors since July 2004. He is presently the chief operating officer of Lehman Trikes Inc. and CEO and president of Lehman Trikes USA.
Strilchuk will remain on the board.