What is in this article?:
- 24 Hour Fitness President and CEO Carl Liebert Resigns
- Office of the Chair Announced
Carl Liebert has resigned as president and CEO of 24 Hour Fitness after spending more than six years with the San Ramon, CA-based company.
24 Hour Fitness Worldwide Holdings Inc., San Ramon, CA, announced today that president and CEO Carl Liebert has resigned, effective Friday.
Liebert has accepted the role as president of USAA Capital Corp., a San Antonio-based financial services company, 24 Hour Fitness said in a press release.
“24 Hour Fitness confirms that Carl Liebert has decided to pursue a new career opportunity, effectively concluding his role as president and chief executive officer on May 17, 2013," the company said in a statement. "24 Hour Fitness remains committed to helping people improve their lives through fitness and is grateful for the contributions he made during his tenure that have helped build our company into a fitness industry leader. We wish him the best of luck in his next endeavor.”
Liebert's resignation comes two months to the day after he announced 12 layoffs in the 24 Hour executive team and other organizational moves within the company. A source tells Club Industry that Liebert had intended to resign just a few days after that announcement, but a member of the 24 Hour board of directors encouraged Liebert to stay with the company, according to the source. 24 Hour declined to comment on whether Liebert had intended to resign in March.
Liebert came to 24 Hour Fitness in 2006 from The Home Depot, where he served as executive vice president. The appointment was made a year after Forstmann Little and Co., the New York-based private equity firm, purchased 24 Hour Fitness for $1.6 billion from 24 Hour Fitness founder Mark Mastrov, who stayed with the company as chairman of the board until he resigned in 2008.
"We are all grateful for the dynamic leadership and vision that Carl has provided for our company since November 2006," 24 Hour Fitness Chair Kathleen Broderick said in a statement. "We will miss Carl and we wish him all the best in his new position."