CHANHASSEN, Minn., Aug. 1, 2024
/PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time," "we,"
"our," or the "Company") (NYSE: LTH) today announced that
Erik Weaver has been appointed
Executive Vice President & Chief Financial Officer effective
today, August 1, 2024. Mr. Weaver had
served as the Company's Interim Chief Financial Officer since
January 1, 2024.
Mr. Weaver joined the Company in 2004 and has served in
increasing roles of responsibility, including as the Company's
Assistant Controller from 2016 to 2018, as Vice President and
Controller from 2018 to April 2022
and as Senior Vice President and Controller, as well as principal
accounting officer, since April 2022. As Senior Vice President
and Controller, he was responsible for the Company's accounting,
financial reporting and tax functions. His financial leadership has
played an important role in positioning the Company for growth. Mr.
Weaver holds a Master of Business Administration from Hamline University and earned a B.S. degree in
accounting from St. Cloud State
University.
Commenting on Weaver's appointment, Life Time Founder, Chairman
and Chief Executive Officer, Bahram
Akradi, said, "I'm pleased to announce Erik as our Chief
Financial Officer. He has served the Company well for more than two
decades and has excelled most recently while serving as both our
Chief Accounting Officer and as our interim Chief Financial
Officer. After a thorough search process, our Board of Directors
and I unanimously agreed that Erik is the best candidate for this
position and our Company. I look forward to his continued financial
leadership as part of our executive team."
About Life Time
Life Time (NYSE: LTH) empowers people
to live healthy, happy lives through its portfolio of more than 170
athletic country clubs across the United
States and Canada. The
health and wellness pioneer also delivers a range of healthy way of
life programs and information via its complimentary Life Time
Digital app. The Company's healthy living, healthy aging, healthy
entertainment communities and ecosystem serve people 90 days to 90+
years old and is supported by a team of more than 45,000 dedicated
professionals. In addition to delivering the best programs and
experiences through its clubs, Life Time owns and produces nearly
30 of the most iconic athletic events in the country.
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SOURCE Life Time Group Holdings, Inc.