Franklin Park, Ill., November 16, 2021 (PRNewswire) – Life is pleased to announce the immediate appointment of Paul Stoneham as CEO of Fitness, Business Fitness and Home Entertainment Equipment.

Mr Stoneham is a senior executive with strong consumer brands, high-performance companies and a leading industry leader in brand investment, product design and innovation.

As CEO of Stoneham, he has led three global consumer businesses and achieved market-leading success in various industries. He started his career in Proctor and Gambel Consumer Products and was the President of Global Trade Development at Colgate-Palmolev, leading global divisions. He holds an MBA from Harvard University and a bachelor’s degree in sociology from Western Ontario University in Canada.

“The fitness sector is undergoing rapid change, driven by technological innovation and consumer aspirations, all behind an unprecedented turmoil,” Mr Stoneham said. “As a global fitness leader, Life has a strong brand, team and infrastructure to drive creative fitness and provide unparalleled experience from professional athletes to new gym users. I am excited to join such an experienced team and look forward to building on that. Qualifications Deep product heritage and reputation.

The company is grateful to retired CEO Chris Claussen for his service to Life Fitness and wishes him well in his future endeavors.

About life fitness

Life Fitness is a global leader in commercial fitness and home entertainment equipment. The company manufactures and sells a wide range of brands including Strength and Cardiovascular Equipment, Billiard Tablets & Accessories and Game Room Furniture, Hammer Strength, Cybex, ICG®, SCIFIT and Brunswick Billiard. The equipment has been distributed to more than 250,000 fitness centers worldwide. Life is headquartered in Franklin Park, Illinois, near Chicago. Life Fitness is a KPS portfolio company. Visit the Family Fitness Brands for more information

About KPS Capital Partners, LP

KPS Capital Partners, LP (“KPS”), through its affiliates, manages the KPS Special Situations Funds, an investment fund family with an estimated net worth of $ 13.5 billion (as of June 30, 2021). For more than three decades, KPS partners have worked to secure equitable investments in a variety of industries by controlling equitable investments in manufacturing and industrial companies, controlling basic materials, branded consumers, healthcare and luxury products, automotive parts, and capital. Equipment and general production. KPS works in a constructive way to work with well-trained management teams to make it better, and it invests revenue by improving the strategic position, competitiveness, and profitability of its portfolio companies rather than relying primarily on financial gain. KPS Funds Portfolio companies currently generate $ 14.4 billion in annual revenues, operate 164 manufacturing facilities in 26 countries, and have approximately 41,000 employees worldwide, both directly and through partnerships (as of June 30, 2021). Exits). KPS Investment Strategy and Portfolio Companies are described in detail above.

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Edelman for Life Fitness

Ainsley Shikali

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T die +1 239 293 3085

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