Eric Bondy has resigned his position of KYMCO USA president and CEO, the company announced Friday morning.
Bondy, who has led all operational aspects of KYMCO USA since 2005, is leaving the company to pursue an unnamed new opportunity. Bondy will stay with the company until Dec. 15, at which time Ming Hsin Lee, current senior vice president of KYMCO USA, will succeed him as president and CEO.
Lee is a native of Taiwan, the country in which KYMCO USA's parent company is located. He has spent the past four years in the United States working as a liaison between KYMCO USA and KYMCO's Taiwanese headquarters. Lee has been with KYMCO since 1984 and has worked in production, R&D, sourcing, quality control, IT, accounting and dealer development.
Bondy, the 2008 Powersports Business Executive of the Year, was instrumental in building KYMCO's current market position. He also helped KYMCO expand its reach with strategic relationships with the Indy Racing League, the National Hot Rod Association, Coca-Cola Co. and Ford Motor Co.
"I've been blessed and honored to be a member of the KYMCO USA team for the past seven years, and the relationships gained over that time are cherished," Bondy said in a press release. "I leave the company in very capable and experienced hands with the naming of Mr. Lee to the CEO position. With the management team inplace, I'm confident we'll see great things in the future from KYMCO in the U.S. market."
Bondy's phone went unanswered when he was contacted for comment.