Franklin Park, Ill., November 16, 2021 PRNewswire – Life Fitness, a global leader in commercial fitness and home fitness equipment, is pleased to announce its appointment. Paul Stoneham As CEO, it will take effect immediately.

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. MBA from Harvard University, And in Sociology BA from University of Western Ontario In Kannada.

“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 would like to thank the outgoing CEO Chris Klausen He has worked at Life Fitness for years 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 Fitness Headquarters is nearby. Chicago, In Franklin Park, Illinois. 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, is the sole manager of the KPS Special Conditions Fund, an estimated investment fund family. $ 13.5 billion Property under management (from 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 effectively with competent management teams to improve business, creates value for investors, and invests revenue by improving the strategic position, competitiveness, and profitability of portfolio companies rather than relying primarily on financial gain. KPS fund portfolio companies currently generate approximately annual gross revenue. $ 14.4 billionIt operates 164 manufacturing facilities in 26 countries and employs approximately 41,000 people, both directly and indirectly. June 30, 2021, Pro Forma for Recent Purchases and Exits). KPS Investment Strategy and Portfolio Companies are described in detail above.

Media contact die
Edelman for Life Fitness
Ainsley Shikali
E dying [email protected]
T die +1 239 293 3085

SOURCE Lifestyle

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