[ad_1]
Travis VanderZanden’s slow-motion departure from Hen is now full. The scooter rental firm introduced in a late-Friday information dump that the manager has stepped down from his position as chairperson of Hen’s board, “efficient instantly.”
Changing VanderZanden is John Bitove, who performed a task in saving Hen’s bacon this previous December by way of its merger with Hen Canada.
VanderZanden had led the micromobility firm from its inception as its president and founding CEO, however that every one modified final yr when Hen’s declining inventory value culminated in a delisting warning from the New York Inventory Change. Quickly after, VanderZanden stepped down from his position as president, handing over the title to Hen’s then-chief working officer Shane Torchiana. Torchiana went on to imagine the CEO publish as nicely a number of months later. On the time, VanderZanden known as the reorg a “long-planned transition.”
In accordance with Hen, VanderZanden “determined to step down [from the board] to pursue different ventures.” In a equally obscure but intriguing assertion, VanderZanden added that he intends to return to his “entrepreneurial roots and incubate some new concepts.”
TechCrunch has reached out for extra info on the founder’s departure and can replace this story once we hear again.