President, World Bicycle Relief
Executive Vice President, SRAM Corporation
Frederick (F.K.) Day is a longtime Chicago businessman, entrepreneur and humanitarian. In 1987, Day along with his brother, Stan, and friends founded the leading bicycle component supplier, SRAM Corporation. SRAM produces high-end bicycle components including drive-trains, brakes, suspension and wheels sets with brands including RockShox, Avid, Truvative and Zipp. Today, SRAM operates out of 14 facilities in the U.S., Europe, and Asia, and employs over 2,700 individuals. Driving annual revenues in excess of 500 million USD, SRAM is the largest bicycle component supplier in the U.S. and the second largest in the world.
In 2005, Mr. Day and his wife, Leah Missbach Day, founded World Bicycle Relief, an international non-profit organization providing access to independence and livelihood through the power of bicycles. Applying over 20 years of product development, supply chain management, and business experience, Day led World Bicycle Relief in efforts to deliver large-scale, comprehensive bicycle programs into Asia and Africa. World Bicycle Relief specializes in supply chain management, including: bicycle design, global sourcing, field assembly, mechanic training and spare parts supply for disaster assistance and poverty relief initiatives. They work in close partnership with NGOs and government ministries to execute bicycle programs that provide access to healthcare, education, and economic development. Today, World Bicycle Relief employs over 65 people in the U.S. and Africa, and runs three offices and bicycle assembly facilities in Zambia, Zimbabwe, and Kenya. So far, over 75,000 specially designed, regionally assembled bicycles have been distributed, and over 700 field mechanics have been trained. Recently, Day and World Bicycle Relief were named #12 on Barron’s list of the World‘s Top 25 Most Effective Givers.
In addition to his work in the bicycle industry, Day is actively involved with education and entrepreneurial studies, technologies, alternative energy, environmental conservation and remediation. Day is a long-standing board member of the all-boys college preparatory South Kent School in Western Connecticut.
Mr. Day attended The Hotchkiss School in Lakeville, CT, and graduated from The South Kent School in South Kent, CT, in 1978. Day studied Economics at Wayne State University before attending Tulane University where he majored in Economics and Latin American Studies.