Founder, Chairman and Chief Executive Officer, President
Eric J. Buss
Chief Financial Officer
Jeffrey G. Zwiefel
Chief Operating Officer and Executive Vice President
Lifetime Fitness was founded in the year 1990. The company has been operational for almost 29 years now. The founder of the company was Bahram Akradi. The former name of the company was FCA Limited. The name of the company was changed in the year 1992 and was renamed to Lifetime Fitness. The first club of the company was opened at Brooklyn Park, Minnesota, USA. Later on, ore locations were also added as well, before the company started to expand in other states of the USA. Most of the centres of the company were located in suburban areas or even exurban areas as well. The areas were also mostly medium to large sized metropolitans too. The oldest facility of the company is situated at Eagan, Minnesota, USA. In the year 2017, the company had announced a new plan for a new facility in Minnesota, USA, replace the previous tenant named JC Penny. By the year 2000, the company had established almost 21 health clubs, and also entered the city of Chicago, USA, in the same year as well.
In the year 2004, the company was sued by its employees for withholding wages. The case was settled in the year 2009, with the court ordering the company to pay the wages to its employees, including overtime wages as well if the number of hours of work is in excess of 40 hours in a week. In the areas, which are more metropolitan, the clubs of the company are known as Life Time Athletic, while the clubs that are established in smaller metropolitan areas are known as Life Time Fitness. In the year 2012, the company had taken over almost more than 200 annual races in the USA. Some of the races that were acquired were namely - Leadville Race Series, Dirty Kanza gravel bicycle race, Life Time Tri Series, the Miami Marathon, etcetera. In the year 2014, the company had become a limited public entity and was also considered to become a Real Estate Investment Trust too. The following year, the company was taken over by private equity firms, known as TPG Capital along with Leonard Green & Partners, together in a partnership buyout. The headquarters of the company is based in 2901 Corporate Place. The name of the place is Chanhassen, while the name of the state is Minnesota, USA. The pin code of the area is 55317.
Lifetime Fitness is an American company that focuses on providing its customers with the platform to use the health clubs, that are established by the company itself. The current CEO and chairman of the company are Bahram Akradi. As of the current date, the number of employees working at the company is more than 7,300. The company currently has more than 106 fitness centres all over Canada and the USA.
The primary services provided by the company include allowing customers to enjoy the chain of the luxury athletic resort of health clubs established by the company itself. The health clubs feature gyms, family recreation centres, sports clubs and also spa destinations as well. The company helps its customers in world-class training, nutrition and also aids in the holistic approach in obtaining wellness.
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