(FranchisePick.com) What’s going on at 24 Hour Fitness?According to a company statement sent to Club Industry’s Fitness Business Pro, Mark Mastrov, the founder of 24 Hour Fitness, has resigned as chairman of the board to “pursue other opportunities.
Mastrov founded the [del]* 24 Hour Fitness in 1983, and has been at the helm for 25 years. According to the Fitness Business Pro article, “24 Hour grew from a one-club company into the highest-revenue producing company in the fitness club industry. 24 Hour serves more than 3 million members in more than 400 clubs worldwide.”
Mastrov was moved to the chairman of the board position in 2006, a year and a half after Forstmann Tiny & Co. bought 24 Hour for $1.6 billion.
Read the article here: Mastrov Resigns as 24 Hour Chairman
SHARE YOUR OPINIONS AND INSIGHTS INTO THE 24 HOUR FITNESS FRANCHISE AND/OR MARK MASTROV’S RESIGNATION.
* This post incorrectly said that 24 Hour Fitness was a franchise. Thanks to Don Beauregard for the correction. 24 Hour Fitness, which has grown to more than 385 clubs and more than 3 Million members worldwide, claims to be ”the largest privately owned and operated fitness center chain in the United Says and world.”
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