Sport&Health announced Mark Fisher as the company’s new CEO. Fisher replaces Jonathan Adler, who served as CEO since 2008. Adler will remain with Sport&Health as vice chairman and will focus efforts on business development. The announcement comes on the heels of the company achieving the best performance in its 38-year history during 2010.
“Mark Fisher has earned the trust and respect of our 2,200 employees in his capacity as president and COO for the last three years, and also has gained the confidence of financiers and industry peers alike,” said Adler. “Equally important, Mark shares our passion for improving the lives of our members, and as CEO he will continue to build a great team and culture that will deliver on the Sport&Health mission, purpose and value proposition for years to come.”
“Today Sport & Health is stronger than ever as we strive to improve our member experience through rejuvenation of our clubs, investment in technology and personnel, and thoughtful expansion throughout the Washington, D.C. Metro Area,” said Fisher. “As Sport&Health approaches 40 years of industry leadership and dedication to excellence in fitness for our members, it is an honor to steer the course and support a team of leaders for our company’s future.”
Since joining Sport&Health in 2003, Fisher has successfully reorganized the operational structure, developed a new sales strategy and positioned the company for future growth. Additionally, he implemented a $25 million capital improvement program aimed at renovating 10 clubs and the opening of a new club in Brambleton, Va., in June 2010. The company recently announced two new locations in Gainesville and Woodbridge, Va., scheduled to open in December 2011, and the acquisition of a former Gold’s Gym in Frederick, Md.
“I am pleased to continue working with such an amazing team of talented fitness professionals at Sport & Health, and excited about the future opportunities,” Fisher said.
