Fallbrook Technologies Moves HQ To Cedar Park

Fallbrook Technologies, a developer of continuously variable planetary (CVP) transmissions for the electric bicycle and automobile market, said today that it has moved its headquarters to Cedar Park, Texas. The company--which was based in San Diego, California--said the move came as it appointed John K. Penver as its CFO. Penver is known locally for his work with Active Power, where he was CFO, VP Finance, and Secretary. Penver has also served at such firms as Silicon Gaming, Deloitte & Touche, and three Austin companies (PerformanceRetail, Factory Logic, Yclip). The company said it made the headquarters move since most of its employees are already in Texas.