SOURCE: GlobalFit

December 06, 2006 12:08 ET

David Giampaolo Named Chairman of the Board for GlobalFit

PHILADELPHIA, PA -- (MARKET WIRE) -- December 6, 2006 -- GlobalFit, the nation's leading provider of healthy living benefits, is pleased to announce that it has named David Giampaolo as Chairman of the Board. A savvy investor and fitness industry veteran, Giampaolo brings a wealth of experience to the boardroom. He succeeds GlobalFit Founder John Cassady as Chairman, though Cassady remains a member of the Board.

"David's expertise in the fitness industry is unmatched," said Frank Napolitano, President and CEO. "We couldn't ask for a stronger Chairman as GlobalFit enters its next stage of development and product expansion. With Giampaolo and new board member John Fries (Health Resources International) at the table, GlobalFit's Board is stronger than ever."

Giampaolo, Chief Executive at the UK's Pi Capital, brings with him 30 years of fitness industry experience. He previously founded, built and sold several businesses and health club chains in the US and UK. He co-founded Fitness Holdings Europe, which was subsequently acquired by 24 Hour Fitness Worldwide in 1999. In 2005, David advised BC Partners, who acquired Fitness First for $1.55 billion (£840 million) and joined its board as a non-executive director. He is also an active private investor, and serves on the boards of several unquoted companies in the US and UK. He has served on the GlobalFit Board for the past two years.

"GlobalFit's business model presents exciting opportunities for expansion," says Giampaolo. "I look forward to working closely with Frank and his team to help build stronger partnerships which provide more health and fitness options for the millions of employees and members who have access to the GlobalFit benefits package."

"GlobalFit's new Directors possess the skills and knowledge necessary to help us become the single source for health and fitness benefits in the corporate space," said Frank Napolitano. "We anticipate a period of rapid growth in the near future as we increase our members' access to healthier living."

About GlobalFit: GlobalFit is the nation's leading provider of healthy living benefits. As The Source for a Better You, GlobalFit offers a comprehensive selection of programs, products and services designed to create a healthier world by changing the way people think about and access healthy living benefits. Since 1992, GlobalFit's signature offering has been its fitness club network, now with more than 2,000 providers nationwide. For more information on GlobalFit, please visit

Contact Information

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