I have recently found out through Bicycle Retailer and Urban Velo that Phil Wood has recently passed away at age 84. Phil Wood helped pioneer sealed bearing technology in bicycles, primarily in hubs and bottom brackets.
Phil Wood created a clearly superior hub that has yet to be rivaled in my opinion. Overbuilt for longevity, sealed bearings that felt like butter not matter what conditions they are in. The bearings for the Phil Wood track hubs even will go into cheaper Formula Track hubs. I think all of us in the cycling world have nothing but thanks and well wishes for the Wood’s family after sharing Phil with us for so long.