Billy Malkovich, the CEO of Mountainside Fitness, announced that he would be leaving the company amicably at the conclusion of this week. “I had 17 amazing years with the company — the past eight as CEO — with incredible, talented people I will truly miss,” he said. “But, it was time.”
Malkovich began working at Mountainside Fitness when he was 18 years old. He explained that it’s now time for him to pursue other opportunities, and a bit of rest. “I’m looking forward to just catching my breath. I’ve had a job since I was 16-years-old. I’m taking a breather,” he said. “I’m really excited at the diversity of opportunities ahead of me. It allows for continued growth.”
According to Malkovich, he will assist the company in the transition. “This is a very, very amicable split and I will always be appreciative of the company and the founder,” he said.
Currently, a replacement for Malkovich has not been announced.
In February 2014, Mountainside Fitness announced it had partnered with PNC Mezzanine Capital, a division of The PNC Financial Services Group, Inc. The partnership was expected to provide Mountainside Fitness with growth capital of up to $40 million. As a result, Mountainside expected to add 1,500 to 2,000 new jobs in Arizona and nationwide.
In 2015, Mountainside has plans to open three additional gyms in Arizona.
By Heather Hartmann & Rachel Zabonick
