Spartanburg, S.C. - Kymco USA announced that Eric Bondy
has resigned his position as President and CEO to pursue a new
opportunity. To assist in the transition to new leadership, Bondy
will continue with the company until Dec. 15, 2011.
Mr. Ming Hsin Lee, current Senior Vice President of Kymco USA, will
assume the title of President and CEO effective Dec. 16, 2011. A native of
Taiwan, Lee spent the past
four years stateside working as a liaison between Kymco USA's strong
team of experienced U.S. Powersports professionals and the overseas factory. He
joined Kymco in 1984 and has since amassed experience in production, R&D,
sourcing, quality control, IT, accounting and dealer development.
Bondy assumed day-to-day responsibility for all operational
aspects of Kymco USA
in 2005 following nine years in various sales and marketing roles with Arctic
Cat, Inc.
Bondy, named "Executive of the Year" in 2008
by Powersports Business magazine, was instrumental in building Kymco USA to its position
among the foremost scooter and ATV suppliers in the nation. Under Bondy's
leadership, the company also expanded its reach beyond the powersports industry
via strategic relationships with partners like the Indy Racing League (IRL),
National Hot Rod Association (NHRA), 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 announcing the reorganization. "I leave the
company in very capable and experienced hands with the naming of Mr. Lee to the
CEO position. With the management team in place, I'm confident we'll see
great things in the future from KYMCO in the US market."
