Phil Molyneux is stepping down as chief executive of the embattled e-bike company, Electrek reports. The once dominant e-bike company has faced a series of challenges over the years, including layoffs, recalls, import taxes, lawsuits, and regulations. And now it appears to be going through another leadership shakeup. Molyneux, a former Sony and Dyson executive, was Rad Power Bikes’ chief operating officer when founder and CEO Mike Radenbaugh tapped him as his replacement. According to Electrek, the company’s CFO Stephanie Roberts will serve as interim CEO while the board searches for a replacement.