Take a Walk on the Supply Side
STAIRMASTER HAS NEW LEADERSHIP
KIRKLAND, Wash. — StairMaster Health & Fitness Products Inc. has a new man in charge. In July, Tom Bryant handed over the reins of president and CEO to Michael R. Quinn. Bryant is leaving StairMaster to become president of Tempur-Pedic in Lexington, Ky.
“During the last two years Tom Bryant has made major contributions to StairMaster, including building a strong management team and overseeing the successful acquisition and integration of Quinton Fitness,” said John Rutledge, chairman of the board of StairMaster, in a news release. “During that time, Michael has been Tom's right hand, and we are confident that he will be able to drive StairMaster to further success.”
Quinn joined StairMaster in 1999 as the company's senior vice president and chief financial officer. In addition to his financial expertise and abilities, Quinn possesses considerable experience in managing manufacturing operations, according to StairMaster. Furthermore, the company also reported that Quinn understands all aspects of StairMaster's business, plus he has been fully exposed to the fitness industry and the company's competitors.
According to StairMaster, Quinn and Bryant have been working together over the last few months to ensure a smooth transition for the company.
Hires & Promotions
FITNESS VENDOR NEWS
- Zelcore Inc.
(Hagerstown, Md.), distributor for Futrex Body Composition Analyzers, has entered into an agreement with BSDI of Chester, N.J., to include BSDI's Fitness Publisher software with every Futrex Body Composition Analyzer. Fitness Publisher is a complete assessment, training and logging software package featuring a large library of fitness assessments, four complete medical screening facilities, 13 different health risk assessments, complete logging facilities and the ability to create illustrated workouts.
A dealership for the specialty fitness industry, Fitness Systems Inc. (Brentwood, Tenn.) has been purchased by members of the management team. Roger Stewart, majority owner of FSI, has sold his interest to a group of individuals within the management of FSI. This group, led by Rod Freeman (president/CEO) and Johnny Clark (treasurer/CFO), will continue to manage FSI and will control 100 percent of FSI stock.
“This transaction is good for all parties concerned,” said Freeman in a news release. “Under Roger's ownership, we have grown and matured as a company. Our experiences over the past two and a half years, while owned by Roger, have been invaluable. We look forward to taking advantage of this opportunity to continue to grow and mature Fitness Systems.”
Outside magazine (June 2001) recently named Ground Zero's Free Motion strength-training system as one of the nation's Top 10 fitness trends.
Gold's Gym International (GGI) announced that it has signed a licensing agreement with ICON Health & Fitness Inc. (Logan, Utah) to manufacture and market a full line of fitness equipment under the Gold's Gym brand name. ICON will design, manufacture and market the products, which will be sold through its current distribution channels, including specialty sporting goods retailers, fitness dealers and department stores such as Sears. The first Gold's Gym fitness product is slated for release in the fall.
“Gold's Gym is a strong, powerful brand. Put it together with the tremendous strength of ICON's R&D and manufacturing prowess, and you've got an amazing product,” said Ed Powderly, Gold's Gym's senior vice president of product licensing, in a news release. “We want to provide fitness enthusiasts with the equipment essential for effective training. Branded fitness equipment is the next logical step for both Gold's Gym and the consumer.”
The full line of Gold's Gym fitness equipment will include cardiovascular equipment, strength-training equipment and light exercise accessories.
<ClubMarket.com (Boston) has formally changed its name to FitCommerce.com. According to the company, this is a move to create a brand more befitting to the changing landscape of the industry. Except for the name change, everything else remains exactly the same, the company reported.
Iron Grip Barbell Co. (Costa Mesa, Calif.) continues to grow, having recently expanded into a new production facility. The new facility boasts a state-of-the-art, custom-designed and -built urethane injection molding line. It also houses Iron Grip's computer-controlled custom-engraving equipment. Iron Grip will use this facility to build its line of urethane free-weight equipment, for engraving its solid steel line of dumbbells and fixed barbells, and for the design and layout of custom-engraved Olympic plates and dumbbells.
Through an agreement with Ironman North America, Star Trac (Irvine, Calif.) was the official bike course sponsor for the Isuzu Ironman USA Lake Placid. The company will also be the official bike course sponsor for the upcoming Janus Ironman Florida for 2001.
As the bike course sponsor and the official fitness equipment manufacturer, Star Trac offers a fully stocked on-site fitness center that displays its full line of equipment. The center also serves as a functional fitness area during race week for event participants or spectators looking for a workout.