Fort Lauderdale-based BikeStreet names a new CEO, lays out plans for aggressive growth

 
 
Gregg Throgmartin, former chief operating officer of h.h.gregg, has been named chief executive of Fort Lauderdale-based BikeStreet.
Gregg Throgmartin, former chief operating officer of h.h.gregg, has been named chief executive of Fort Lauderdale-based BikeStreet.

icordle@MiamiHerald.com

BikeStreet, a Fort Lauderdale-based chain of specialty bike shops, said Monday that Gregg Throgmartin has been named chief executive.

Throgmartin, 36, was formerly h.h.gregg’s executive vice president and chief operating officer and has decades of experience in retail, the company said. He grew his family business from 35 stores and $450 million in revenue to more than 228 stores with $2.5 billion in revenue. He also was an integral part of securing h.h.gregg’s growth capital from private equity sources, and then in taking the company through an initial public offering, BikeStreet said.

BikeStreet, which currently has 17 stores, said that over the next seven years it plans to acquire and/or open nearly 1,000 shops across the nation.

Throgmartin takes over as CEO from Pat Patregnani, who will remain a key part of the BikeStreet team as founder and chairman, the company said. The two have worked together for years, as h.h.gregg is a long-time client of Zimmerman Advertising, where Patregnani is the chief executive.

Read more Business stories from the Miami Herald

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category