SOURCE: GlobalFit

June 12, 2006 14:20 ET

Napolitano Named President and CEO

PHILADELPHIA, PA -- (MARKET WIRE) -- June 12, 2006 -- GlobalFit announced today that it has named Frank J. Napolitano, Jr., Esq. President and Chief Executive Officer.

Mr. Napolitano most recently was Senior VP, Strategic Planning & Special Projects for Town Sports International, Inc. (TSI). TSI is an owner and operator of athletic clubs in the Northeastern United States that recently completed its initial public offering of stock. Mr. Napolitano brings to GlobalFit 22 years of experience in the health club industry, as well as various roles in business operations. He had previously practiced accounting and law with two nationally recognized firms.

Mr. Napolitano is Past President of the International Health, Racquet and Sportsclub Association (IHRSA), having served on its Board of Directors from 1993-1997, and currently serving a second term on that Board.

"Frank brings a wealth of leadership and experience to our company," stated David Giampaolo, a member of the Board of Directors of GlobalFit. "As GlobalFit continues to increase its share of the health and fitness industry market through a stronger national presence and expanded product offering, Frank was clearly the most knowledgeable and dynamic person we felt could lead the charge."

GlobalFit is the nation's leading provider of employee and group fitness benefits. Founded in 1992 and headquartered in Philadelphia, GlobalFit offers a comprehensive range of health and fitness products and services including discount memberships to more than 2,000 fitness clubs nationwide. For more information on GlobalFit please visit www.globalfit.com.

Contact Information

  • For more information contact:
    Lisa White
    Director of Marketing
    215-320-4204

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