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Jun 27

24 Hour Fitness Announces Promotion of Five Senior Executives — Chief Executive Officer Carl Liebert Adds President to …

SAN RAMON, Calif.--(BUSINESS WIRE)--

24 Hour Fitnesstoday announced the promotion ofa number ofkey executivesonits senior leadership team, effective June 1.These important promotions areinaddition tothe companysrecently announced new club grand openings, renovation programs across the nation and ongoing sponsorshipof the United States Olympic Committee and U.S. Olympicand Paralympic Teams.

Chief Executive OfficerCarl Liebertaddspresidentto his title; sincejoining in 2006, Liebert has overseen the companys operations of more than 400fitnessclubs across the United States and in Asia. He has played a strategic role in growing thecompanys headcount from 17,000 to 22,000 team members, expanding membership from 2.8 million toapproximatelyfour million and increasing the company's profit margins significantly.

Jeff Boyer, who joined 24 Hour Fitness in 2008 as chief financial officer, has been named chief operating officer. In this role he will overseeU.S.field operations,fitness, marketingand business development. Boyer will serve a criticalrole as the company aligns its corporate operations and initiatives with its field leadership teamto drive growth and further expand profitability.

Replacing Boyer,Patrick Flanaganhas been named chief financial officer.With more than 10 years of experience at24 Hour Fitness, Flanagan will oversee theaccounting, treasury, tax,financial planning, strategy and internal audit functions. Prior to these responsibilities, Flanaganheldtheposition of senior vice president of finance and treasurer.

Bill Quinnhas beenappointedchief marketing officer, a role that he led on an interim basis following the departure ofthe previous CMOin April. AsCMO,Quinn will be responsible for allbrand management, communications,marketing, web/mobileand member servicessupport.

Jim McPhail, chief developmentand merchandisingofficer,will continue to overseethecompanysreal estate and development strategy. McPhail has the added responsibilities ofleadingthe companys retail and merchandising functions. He has been with 24 Hour Fitness for more than six years and has 20 years of retail, real estate and development experience.

Myleadership teamhasgreatly contributed to the growth and development of24 Hour Fitness, helpingour company maintain its competitive advantage throughclubexpansion while elevatingbrandawareness in communities across the country, said Carl Liebert, president and CEO, 24 Hour Fitness.I am proud to announce such well-deserved internal promotions and am fortunate to work with and lead such an exemplary group of leaders who understand how to deliver business results in a values-centered environment.

24 Hour Fitness is a leading health club industry pioneer whose continuing mission is to improve the lives of its members through fitness. For more information, please visit24hourfitness.com.

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24 Hour Fitness Announces Promotion of Five Senior Executives — Chief Executive Officer Carl Liebert Adds President to ...

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