Gold’s Gym Appoints New CEO, President & EVP Leave.

On January 5 the private equity holding company of Gold’s Gym International let franchisees and employees know that their president and executive vice president of operations are no longer with the firm. Gold Gym’s chairman has been appointed CEO, according to Club Industry.

A memo to Gold’s Gym team members from Jim Caldwell, president of TRT Holdings, which has owned Gold’s Gym since 2004, stated: “As of this morning, former President Aaron Watkins and Executive Vice President of Operations David Fowler are no longer with Gold’s Gym. With the rapid evolution of our brand and changing landscape of the industry, we felt that new leadership was in the best interest of the company. Both Aaron and David have put a lot of heart and hard work into growing Gold’s Gym and we are very grateful for all of their contributions.”