Town Sports International (TSI), New York, has hired Carolyn Spatafora as its chief financial officer. She will begin her new job on May 12.
TSI made the announcement last Friday. Spatafora, who had served as CFO of pizza chain Sbarro LLC since December 2009, succeeds Dan Gallagher, who was promoted from CFO to president and COO of TSI in January.
"We are very excited to welcome Carolyn to our team," Bob Giardina, TSI's CEO, said in a statement. "We believe that Carolyn brings the right talent and experiences to the role of chief financial officer, and the company will benefit from her previous oversight and leadership experience."
Prior to joining Sbarro in 2005, Spatafora had worked at KPMG Peat Marwick, Bayside Federal Savings Bank and Adecco. Sbarro filed for bankruptcy in March for the second time in three years and reportedly had 31 potential bidders earlier this month before an auction.
TSI, which operates New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs and Philadelphia Sports Clubs, will report its first quarter 2014 financials Tuesday afternoon.
Two other club companies, Life Time Fitness, Chanhassen, MN, and Gold's Gym International, Dallas, are still searching for permanent CFOs. Life Time Fitness CEO Bahram Akradi said in last week's financial call with analysts that the company expects to have a decision made by the end of June. Eric Buss is serving as interim CFO.
A Gold's Gym spokesperson told Club Industry this week that it is still searching for its CFO. Former CFO Aaron Watkins was promoted to president last November.