Latest
issue
GET HCM
magazine
Sign up for the FREE digital edition of HCM magazine and also get the HCM ezine and breaking news email alerts.
Not right now, thanksclose this window I've already subscribed!
Elevate
Elevate
Elevate
Follow Health Club Management on Twitter Like Health Club Management on Facebook Join the discussion with Health Club Management on LinkedIn Follow Health Club Management on Instagram
FITNESS, HEALTH, WELLNESS

Latest news

F45 names Mark Wahlberg as chief brand officer and Tom Dowd as CEO as Adam Gilchrist resigns

Franchised fitness operator, F45, has named Tom Dowd as its new CEO
Dowd – one of the early investors in F45 – succeeds outgoing interim CEO, Ben Coates
F45 investor, actor Mark Wahlberg, has also been named F45’s chief brand officer
Co-founder Adam Gilchrist has resigned from the board

More big moves are underway at F45, as the company reboots its senior management team with the appointment of Tom Dowd as CEO and Mark Wahlberg as chief brand officer. Co-founder Adam Gilchrist resigned from the board on 21 April. He had previously stepped down as CEO in July 2022.

Dowd – an early investor in F45 – succeeds outgoing interim CEO, Ben Coates, who stepped in on Gilchrist's resignation. He remains on the company’s board of directors.

Prior to his new role, he spent 25 years at GNC Holdings in a variety of executive leadership roles and, more recently, co-founded lifestyle nutrition company Performance Inspired.

Actor Mark Wahlberg has been a member of the F45 board since March 2019 and worked with Dowd on Performance Inspired.

Gilchrist, who had a background in franchising collaborated with F45 founder, Rob Deutsch. They went on to establish F45 in Sydney in 2014.

The major executive moves follow the company’s recent announcement that it had secured US$90m worth of new financing to improve its balance sheet from a consortium of investors led by Kennedy Lewis Management, which made an unsolicited bid for the business in September 2022.

Gene Davis, chair of F45, said: "“Tom has significant experience building successful franchise model and consumer goods businesses, cultivating globally resonant lifestyle brands, and developing high-performing teams, making him well suited to lead F45 into the future.

"We're also thrilled that Mark will be deepening his involvement with F45 and look forward to benefitting from his unique blend of business acumen and branding expertise.

"I'm confident that under the leadership of Tom, Mark, and the rest of the management team, F45 will be poised to build on its strengths while evolving to unlock its full potential.

"As we look ahead to the significant opportunities in front of us, I would also like to thank Ben for his contributions as interim CEO during a period of transition.”

Commenting on his new role, Walhberg said: “Just like our incredible training community, F45 has been laser-focused in recent months on getting stronger and stronger.

“I'm confident in our ability to enhance what I believe is already the world’s best workout for studio operators and our more than 300,000 committed members across the globe.”

The company continues to grapple with some fundamental issues and on 14 April, it received a notice from the New York Stock Exchange indicating that it is not in compliance as a result of its failure to file its Annual Report for the year ended December 31, 2022.

NYSE has granted an extension to enable the company to regain compliance before delisting proceedings begin in six months if the accounts are not forthcoming.

F45 has stated that it expects to backdate changes to the results of its 2021 annual report, including increases in allowances for doubtful and bad debts and the downgrading in value of assets acquired by the Company.

F45 was valued at US$1.4bn after its IPO in 2021. Its share prices indicate a current value of US$74.33m – a 90 per cent drop over the last year.

Related news

US judge rules in favour of BFT declaring F45 patent ‘invalid’

01 Dec 2022
In the latest legal battle between Australian franchise chain Body Fit Training (BFT) and US-based ...

F45 is launching its FS8 concept in the US, Canada and UK

01 Nov 2022
FS8, the fitness concept combining Pilates, toning exercises and yoga from functional training franchiser F45, ...

F45 receives unsolicited US$385m takeover bid

06 Oct 2022
F45 Training has confirmed it received an “unsolicited preliminary non-binding proposal” from Kennedy Lewis Investment ...
Franchised fitness operator, F45, has named Tom Dowd as its new CEO, effective immediately.
PTS,HAF,FIT,IND,PHR
2023/THUMB351163_419534_306487.jpg
Latest News
The HCM team were busy at the recent FIBO Global Fitness event in Cologne, Germany, ...
Latest News
The fitness sector’s pivot to active wellbeing is being discussed in a new weekly podcast, ...
Latest News
Planet Fitness has a new CEO – Colleen Keating. She will take up the position ...
Latest News
UK Active has announced details of its annual health and fitness industry awards ceremony, which ...
Latest News
Social enterprise, Places Leisure, which is part of the Places for People Group, has appointed ...
Latest News
Basic-Fit has signed up to trial Wellhub across its recently expanded Spanish network, giving access ...
Latest News
Having redefined the model of public-private collaboration in Spain, Go Fit is now expanding into ...
Latest News
Planet Fitness has become the subject of a hate campaign by certain groups of consumers ...
HCM promotional features
Sponsored
InBody logged an amazing 100,000 scans in January 2024 alone
HCM promotional features
Sponsored
Nuffield Health has worked with ServiceSport UK for more than ten years, ensuring the equipment in its clubs is commercially optimised
HCM promotional features
Sponsored
Operators, prepare to revolutionise the way members connect with personal trainers in your club, with the ground-breaking Brawn platform.
HCM promotional features
Sponsored
GymNation is pioneering the future of fitness with software specialist Perfect Gym providing a scalable tech platform to power and sustain its growth
HCM promotional features
Sponsored
Epassi, a provider of workplace wellness benefits, is creating a fitter and more productive workforce, one membership at a time 
HCM promotional features
Sponsored
D2F had updated its brand styling to keep pace with business growth. MD, John Lofting and operations director, Matt Aynsley, explain the rationale
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
Sponsored
The New Keiser M3i Studio Bike brings ride data to life to engage and delight members
HCM promotional features
Sponsored
University of Sheffield Sport has opened the doors of its flagship Goodwin Sports Centre following a major refurbishment
HCM promotional features
HCM magazine
I would say those results, along with the team’s total lack of complacency – their desire to keep improving – have been the two big highlights of my first year
HCM magazine
HCM People

Dr Jonathan Leary

Founder, Remedy Place
It was as though the whole world woke up at the same time
HCM magazine
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
HCM magazine
Imposter syndrome about a promotion taught the CEO of SATS that behaving authentically is the most important part of leadership. He talks to Kath Hudson
HCM magazine
HCM People

Cristiano Ronaldo

Footballer and entrepreneur
Taking care of your physical and mental health is essential for a fulfilling life
Featured supplier news
Featured supplier news: Panatta to showcase innovation at major fitness and bodybuilding events in 2024
Panatta will consolidate its global presence throughout 2024 by attending a host of major industry events around the globe.
Featured supplier news
Featured supplier news: Study Active acquires Premier Global name and select branding assets
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets from Assessment Technologies Institute LLC, part of Ascend Learning in the US.
Company profiles
Company profile: InBody UK
InBody provides products that are accurate, medically rated holding a CE mark and certified to ...
Company profiles
Company profile: GANTNER
GANTNER optimizes and simplifies the organisation of fitness clubs....
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Greenwich Leisure Limited press release: Pioneering project boosts business in Basingstoke
A sports complex might not be your first thought when you’re looking for a peaceful and comfortable, drop-in workspace. However, that could soon change thanks to an innovative new project at Basingstoke Leisure Centre.
Featured press releases
The Health & Fitness Institute press release: The future of fitness education: The Health and Fitness Institute champions digital learning
The Health and Fitness Institute (THFI) is leading a revolutionary paradigm shift in fitness education by fully embracing digital learning.
Directory
Cryotherapy
Art of Cryo: Cryotherapy
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Snowroom
TechnoAlpin SpA: Snowroom
Salt therapy products
Himalayan Source: Salt therapy products
Lockers
Crown Sports Lockers: Lockers
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Grantham, Leicestershire
Belvoir Castle
Property & Tenders
Diary dates
22-24 Apr 2024
Galgorm Resort, York,
Diary dates
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
Diary dates
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
Raffles City Convention Centre, Singapore, Singapore
Diary dates
12-13 Jun 2024
ExCeL London, London, United Kingdom
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates

Latest news

F45 names Mark Wahlberg as chief brand officer and Tom Dowd as CEO as Adam Gilchrist resigns

Franchised fitness operator, F45, has named Tom Dowd as its new CEO
Dowd – one of the early investors in F45 – succeeds outgoing interim CEO, Ben Coates
F45 investor, actor Mark Wahlberg, has also been named F45’s chief brand officer
Co-founder Adam Gilchrist has resigned from the board

More big moves are underway at F45, as the company reboots its senior management team with the appointment of Tom Dowd as CEO and Mark Wahlberg as chief brand officer. Co-founder Adam Gilchrist resigned from the board on 21 April. He had previously stepped down as CEO in July 2022.

Dowd – an early investor in F45 – succeeds outgoing interim CEO, Ben Coates, who stepped in on Gilchrist's resignation. He remains on the company’s board of directors.

Prior to his new role, he spent 25 years at GNC Holdings in a variety of executive leadership roles and, more recently, co-founded lifestyle nutrition company Performance Inspired.

Actor Mark Wahlberg has been a member of the F45 board since March 2019 and worked with Dowd on Performance Inspired.

Gilchrist, who had a background in franchising collaborated with F45 founder, Rob Deutsch. They went on to establish F45 in Sydney in 2014.

The major executive moves follow the company’s recent announcement that it had secured US$90m worth of new financing to improve its balance sheet from a consortium of investors led by Kennedy Lewis Management, which made an unsolicited bid for the business in September 2022.

Gene Davis, chair of F45, said: "“Tom has significant experience building successful franchise model and consumer goods businesses, cultivating globally resonant lifestyle brands, and developing high-performing teams, making him well suited to lead F45 into the future.

"We're also thrilled that Mark will be deepening his involvement with F45 and look forward to benefitting from his unique blend of business acumen and branding expertise.

"I'm confident that under the leadership of Tom, Mark, and the rest of the management team, F45 will be poised to build on its strengths while evolving to unlock its full potential.

"As we look ahead to the significant opportunities in front of us, I would also like to thank Ben for his contributions as interim CEO during a period of transition.”

Commenting on his new role, Walhberg said: “Just like our incredible training community, F45 has been laser-focused in recent months on getting stronger and stronger.

“I'm confident in our ability to enhance what I believe is already the world’s best workout for studio operators and our more than 300,000 committed members across the globe.”

The company continues to grapple with some fundamental issues and on 14 April, it received a notice from the New York Stock Exchange indicating that it is not in compliance as a result of its failure to file its Annual Report for the year ended December 31, 2022.

NYSE has granted an extension to enable the company to regain compliance before delisting proceedings begin in six months if the accounts are not forthcoming.

F45 has stated that it expects to backdate changes to the results of its 2021 annual report, including increases in allowances for doubtful and bad debts and the downgrading in value of assets acquired by the Company.

F45 was valued at US$1.4bn after its IPO in 2021. Its share prices indicate a current value of US$74.33m – a 90 per cent drop over the last year.

Related news

US judge rules in favour of BFT declaring F45 patent ‘invalid’

01 Dec 2022
In the latest legal battle between Australian franchise chain Body Fit Training (BFT) and US-based ...

F45 is launching its FS8 concept in the US, Canada and UK

01 Nov 2022
FS8, the fitness concept combining Pilates, toning exercises and yoga from functional training franchiser F45, ...

F45 receives unsolicited US$385m takeover bid

06 Oct 2022
F45 Training has confirmed it received an “unsolicited preliminary non-binding proposal” from Kennedy Lewis Investment ...
Franchised fitness operator, F45, has named Tom Dowd as its new CEO, effective immediately.
PTS,HAF,FIT,IND,PHR
2023/THUMB351163_419534_306487.jpg

Latest news

The HCM team were busy at the recent FIBO Global Fitness event in Cologne, Germany,
The fitness sector’s pivot to active wellbeing is being discussed in a new weekly podcast,
Planet Fitness has a new CEO – Colleen Keating. She will take up the position
UK Active has announced details of its annual health and fitness industry awards ceremony, which
Social enterprise, Places Leisure, which is part of the Places for People Group, has appointed
Basic-Fit has signed up to trial Wellhub across its recently expanded Spanish network, giving access
Questex/McLean Events (Spatec/SIBEC)
Questex/McLean Events (Spatec/SIBEC)
Panatta will consolidate its global presence throughout 2024 by attending a host of major industry
Having redefined the model of public-private collaboration in Spain, Go Fit is now expanding into
Planet Fitness has become the subject of a hate campaign by certain groups of consumers
Recovery, social wellness and longevity were talking points at PerformX recently, tipped by many speakers
Industry experts are gathering in Cologne for today's European Health & Fitness Forum (EHFF), followed
Jason Worthy has been appointed group CEO of Myzone to lead the 'next stage of
John Kersh has announced he is leaving boutique franchisor, Xponential Fitness, after eight years with
Elevate
Elevate
As one of the most energy-intensive industries in the UK, leisure facilities face a critical
Oxygen Consulting is about to launch its first UK Padel Report, which investigates this fast-growing
Global publishing outfit, Leisure Media, has announced details of its new annual conference for decision-makers
Portugese footballer, Cristiano Ronaldo, has launched a health and wellness app that harmonises advice on
Disturbing new research has found BMI completely fails as an accurate measure of obesity in
A new urban city centre in Gothenburg, Sweden is in development with the aim of
The first annual Private Sector Benchmarking report was released today (27 March). A collaboration between
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets
Egym, has signalled its intention to become a dominant force in the corporate wellness sector
With a new master franchisee on board, the rollout of Anytime Fitness in the Middle
1 - 20 of 12,300
HCM promotional features
Sponsored
InBody logged an amazing 100,000 scans in January 2024 alone
HCM promotional features
Sponsored
Nuffield Health has worked with ServiceSport UK for more than ten years, ensuring the equipment in its clubs is commercially optimised
HCM promotional features
Sponsored
Operators, prepare to revolutionise the way members connect with personal trainers in your club, with the ground-breaking Brawn platform.
HCM promotional features
Sponsored
GymNation is pioneering the future of fitness with software specialist Perfect Gym providing a scalable tech platform to power and sustain its growth
HCM promotional features
Sponsored
Epassi, a provider of workplace wellness benefits, is creating a fitter and more productive workforce, one membership at a time 
HCM promotional features
Sponsored
D2F had updated its brand styling to keep pace with business growth. MD, John Lofting and operations director, Matt Aynsley, explain the rationale
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
Sponsored
The New Keiser M3i Studio Bike brings ride data to life to engage and delight members
HCM promotional features
Sponsored
University of Sheffield Sport has opened the doors of its flagship Goodwin Sports Centre following a major refurbishment
HCM promotional features
HCM magazine
I would say those results, along with the team’s total lack of complacency – their desire to keep improving – have been the two big highlights of my first year
HCM magazine
HCM People

Dr Jonathan Leary

Founder, Remedy Place
It was as though the whole world woke up at the same time
HCM magazine
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
HCM magazine
Imposter syndrome about a promotion taught the CEO of SATS that behaving authentically is the most important part of leadership. He talks to Kath Hudson
HCM magazine
HCM People

Cristiano Ronaldo

Footballer and entrepreneur
Taking care of your physical and mental health is essential for a fulfilling life
HCM magazine
Will Orr has been talking to HCM about the company’s new strategy for 2024, as Kath Hudson reports
HCM magazine
Egym has announced deals designed to position it for growth acceleration, as Kath Hudson reports
HCM magazine
Basic-Fit – which has been scaling rapidly across Europe –  is considering franchising to ramp up growth further afield
HCM magazine
New research has found BMI to be a highly inaccurate measure of childhood obesity, leading current thinking and policy based on it into question
HCM magazine
A new study from researchers at Yale shows HIIT can reverse nerve damage caused by Parkinson’s
HCM magazine
Although there’s much talk about working with health services, research from SLC suggests there’s much work to do before the sector is ready for the challenge. Kath Hudson asks the experts to identify barriers and solutions
HCM magazine
Featured supplier news
Featured supplier news: Panatta to showcase innovation at major fitness and bodybuilding events in 2024
Panatta will consolidate its global presence throughout 2024 by attending a host of major industry events around the globe.
Featured supplier news
Featured supplier news: Study Active acquires Premier Global name and select branding assets
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets from Assessment Technologies Institute LLC, part of Ascend Learning in the US.
Company profiles
Company profile: InBody UK
InBody provides products that are accurate, medically rated holding a CE mark and certified to ...
Company profiles
Company profile: GANTNER
GANTNER optimizes and simplifies the organisation of fitness clubs....
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Greenwich Leisure Limited press release: Pioneering project boosts business in Basingstoke
A sports complex might not be your first thought when you’re looking for a peaceful and comfortable, drop-in workspace. However, that could soon change thanks to an innovative new project at Basingstoke Leisure Centre.
Featured press releases
The Health & Fitness Institute press release: The future of fitness education: The Health and Fitness Institute champions digital learning
The Health and Fitness Institute (THFI) is leading a revolutionary paradigm shift in fitness education by fully embracing digital learning.
Directory
Cryotherapy
Art of Cryo: Cryotherapy
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Snowroom
TechnoAlpin SpA: Snowroom
Salt therapy products
Himalayan Source: Salt therapy products
Lockers
Crown Sports Lockers: Lockers
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Grantham, Leicestershire
Belvoir Castle
Property & Tenders
Diary dates
22-24 Apr 2024
Galgorm Resort, York,
Diary dates
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
Diary dates
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
Raffles City Convention Centre, Singapore, Singapore
Diary dates
12-13 Jun 2024
ExCeL London, London, United Kingdom
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
Search news, features & products:
Find a supplier:
Elevate
Elevate
Partner sites