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Life Time Names Erik Weaver Chief Financial Officer

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Life Time Group Holdings, Inc. (NYSE: LTH) has appointed Erik Weaver as Executive Vice President & Chief Financial Officer, effective August 1, 2024. Weaver, who joined the company in 2004, had been serving as Interim CFO since January 1, 2024. His previous roles include Assistant Controller, Vice President and Controller, and Senior Vice President and Controller. Weaver holds an MBA from Hamline University and a B.S. in accounting from St. Cloud State University.

Life Time's Founder, Chairman, and CEO, Bahram Akradi, expressed confidence in Weaver's appointment, citing his two decades of service and recent performance as interim CFO. The decision was unanimously supported by the Board of Directors after a thorough search process.

Life Time Group Holdings, Inc. (NYSE: LTH) ha nominato Erik Weaver come Vicepresidente Esecutivo e Chief Financial Officer, a partire dal 1 agosto 2024. Weaver, che è entrato a far parte dell'azienda nel 2004, aveva ricoperto il ruolo di CFO ad interim dal 1 gennaio 2024. Le sue precedenti posizioni includono Assistente al Controllore, Vicepresidente e Controllore, e Vicepresidente Senior e Controllore. Weaver possiede un MBA presso la Hamline University e una laurea in contabilità presso la St. Cloud State University.

Il Fondatore, Presidente e CEO di Life Time, Bahram Akradi, ha espresso fiducia nella nomina di Weaver, citando i suoi vent'anni di servizio e le prestazioni recenti come CFO ad interim. La decisione è stata sostenuta all'unanimità dal Consiglio di Amministrazione dopo un attento processo di ricerca.

Life Time Group Holdings, Inc. (NYSE: LTH) ha designado a Erik Weaver como Vicepresidente Ejecutivo y Director Financiero, con efecto a partir del 1 de agosto de 2024. Weaver, quien se unió a la empresa en 2004, había estado desempeñándose como CFO interino desde el 1 de enero de 2024. Sus roles anteriores incluyen Controlador Asistente, Vicepresidente y Controlador, y Vicepresidente Senior y Controlador. Weaver tiene un MBA de la Universidad Hamline y una licenciatura en contabilidad de la Universidad Estatal de St. Cloud.

El Fundador, Presidente y CEO de Life Time, Bahram Akradi, expresó confianza en la designación de Weaver, citando sus dos décadas de servicio y su reciente desempeño como CFO interino. La decisión fue apoyada de manera unánime por la Junta Directiva tras un minucioso proceso de búsqueda.

Life Time Group Holdings, Inc. (NYSE: LTH)는 Erik Weaver를 총괄 부사장 겸 최고 재무 책임자로 임명했습니다, 2024년 8월 1일부터 효력이 발생합니다. 2004년에 회사에 합류한 Weaver는 2024년 1월 1일부터 임시 CFO로 재직해왔습니다. 그의 이전 직책에는 보조 감사관, 부사장 및 감사관, 그리고 선임 부사장 및 감사관이 포함됩니다. Weaver는 Hamline University에서 MBA를 취득했고 St. Cloud State University에서 회계 학사 학위를 보유하고 있습니다.

Life Time의 창립자이자 회장 및 CEO인 Bahram Akradi는 두 번째로 많은 서비스와 임시 CFO로서의 최근 성과를 언급하며 Weaver의 임명에 대한 신뢰를 표명했습니다. 이 결정은 철저한 검색 과정을 거쳐 이사회에 의해 만장일치로 지지받았습니다.

Life Time Group Holdings, Inc. (NYSE: LTH) a nommé Erik Weaver au poste de Vice-Président Exécutif et Directeur Financier, à compter du 1er août 2024. Weaver, qui a rejoint l'entreprise en 2004, a exercé les fonctions de CFO par intérim depuis le 1er janvier 2024. Ses précédents rôles comprennent Contrôleur Adjoint, Vice-Président et Contrôleur, et Vice-Président Senior et Contrôleur. Weaver possède un MBA de la Hamline University et une Licence en comptabilité de la St. Cloud State University.

Le Fondateur, Président et CEO de Life Time, Bahram Akradi, a exprimé sa confiance dans la nomination de Weaver, citant ses deux décennies de service et ses performances récentes en tant que CFO par intérim. La décision a été soutenue à l'unanimité par le Conseil d'Administration après un processus de recherche approfondi.

Life Time Group Holdings, Inc. (NYSE: LTH) hat Erik Weaver zum Exekutiv-Vizepräsidenten und Chief Financial Officer ernannt, gültig ab dem 1. August 2024. Weaver, der 2004 in das Unternehmen eintrat, war seit dem 1. Januar 2024 als Interim CFO tätig. Zu seinen vorherigen Positionen gehören Assistenzcontroller, Vizepräsident und Controller sowie Senior Vice President und Controller. Weaver besitzt einen MBA von der Hamline University und einen Bachelor-Abschluss in Rechnungswesen von der St. Cloud State University.

Der Gründer, Vorsitzende und CEO von Life Time, Bahram Akradi, drückte sein Vertrauen in Weavers Ernennung aus und verwies auf seine zwei Jahrzehnte im Dienst und seine jüngsten Leistungen als Interim CFO. Die Entscheidung wurde nach einem gründlichen Suchprozess einstimmig vom Vorstand unterstützt.

Positive
  • Appointment of a long-term employee with 20 years of experience at the company to CFO position
  • Unanimous board approval for the CFO appointment
  • Continuity in financial leadership with the interim CFO transitioning to permanent role
Negative
  • None.

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.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/life-time-names-erik-weaver-chief-financial-officer-302212076.html

SOURCE Life Time Group Holdings, Inc.

FAQ

Who is the new CFO of Life Time Group Holdings (LTH)?

Erik Weaver has been appointed as the new Executive Vice President & Chief Financial Officer of Life Time Group Holdings (NYSE: LTH), effective August 1, 2024.

When did Erik Weaver join Life Time Group Holdings (LTH)?

Erik Weaver joined Life Time Group Holdings (LTH) in 2004, serving in various financial roles before his appointment as CFO.

What was Erik Weaver's previous position at Life Time Group Holdings (LTH)?

Prior to becoming CFO, Erik Weaver served as Senior Vice President and Controller, as well as principal accounting officer at Life Time Group Holdings (LTH) since April 2022.

How many athletic country clubs does Life Time Group Holdings (LTH) operate?

Life Time Group Holdings (LTH) operates more than 170 athletic country clubs across the United States and Canada.

Life Time Group Holdings, Inc.

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