Town Sports International Holdings, Inc. (TSI), operating under the brand names “New York Sports Clubs,” “Boston Sports Clubs,” “Washington Sports Clubs,” “Philadelphia Sports Clubs” and “BFX Studio,” announced that the company’s president and CEO Dan Gallagher is leaving the company, effective June 19, 2015.
Patrick Walsh, chairman of the board of directors, will serve as executive chairman while the board conducts a search for Gallagher’s successor.
“We want to thank Dan for his 16 years of service to Town Sports International,” said Walsh. “Dan helped the company navigate through periods of significant growth and industry change. His leadership efforts, particularly in finance and operations, are greatly appreciated by the entire board. We wish Dan all the best in his future endeavors.”
“I look forward to partnering with the executive team at TSI as we continue to focus on our key initiatives to drive sales, effectuate cost management and increase member satisfaction across all clubs. I am very confident in the team’s ability to seamlessly manage through this transition,” continued Walsh.
New York-based Town Sports International Holdings, Inc. is one of the leading owners and operators of fitness clubs in the Northeast and mid-Atlantic regions of the U.S. and, through its subsidiaries, operated 158 fitness clubs as of March 31, 2015, comprising 108 New York Sports Clubs, 29 Boston Sports Clubs, 13 Washington Sports Clubs (two of which are partly-owned), five Philadelphia Sports Clubs, and three clubs located in Switzerland, and two BFX Studio locations.
These clubs collectively served approximately 505,000 members.
