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FIT TECH News

Fritz Lanman appointed CEO at Mindbody

By
Fritz Lanman will take over from Josh McCarter as Mindbody’s CEO on 3 September 2022
McCarter will transition to Mindbody’s board of directors
Mindbody acquired fitness membership platform ClassPass last October with Lanman as incumbent CEO
Since then Lanman has been president of ClassPass and Mindbody Marketplace
Fritz’s tech and entrepreneurial background, and his CEO experience, make him the perfect fit to lead Mindbody and ClassPass, Josh McCarter, current CEO of Mindbody
Credit: Mindbody
Fritz’s tech and entrepreneurial background, and his CEO experience, make him the perfect fit to lead Mindbody and ClassPass
– Josh McCarter, current CEO of Mindbody

Mindbody has announced that Fritz Lanman will become the company’s new CEO from 3 September 2022. He will succeed Josh McCarter who will join Mindbody’s board of directors.

When Mindbody acquired fitness membership platform ClassPass last October, with Lanman as CEO, McCarter led the combined business – founder Payal Kadakia exited – while Lanman became president of ClassPass and Mindbody Marketplace.

Lanman has been involved with ClassPass since 2014, leading its seed and Series A fundraising, before becoming CEO in 2017. Josh McCarter joined Mindbody as chief strategy officer in 2018, following the company’s acquisition of B2B business management platform Booker, of which he was co-founder and CEO. He was announced as president of Mindbody in 2019 and took over as CEO in August 2020 when founder and existing CEO Rick Stollmeyer moved to become executive chair.

“It’s the right time to pass the baton to Fritz who will lead Mindbody through this next chapter,” said McCarter. “Fritz’s tech and entrepreneurial background and his CEO experience, make him the perfect fit to lead Mindbody and ClassPass.”

Lanman graduated from Yale and started his career at Microsoft where he went on to specialise in M&A evaluations and strategy. He worked on several notable deals, including Microsoft’s multi-million-dollar investment in Facebook. After founding and selling Livestar, a mobile recommendations startup, he became an angel investor in ClassPass – and other companies such as Pinterest and Wish – for Lanman Ventures and Acecap.

“I'm excited to build on the strong foundation the company has built over the years and bring new approaches to help accelerate our growth and deliver greater value for wellness business owners and wellness enthusiasts alike,” said Lanman. “There's tremendous opportunity in the wellness industry right now and Mindbody is poised to capitalise on market changes and challenges.”

When ClassPass and Mindbody merged last year, it benefited from a US$500m investment from Sixth Street. In February 2022, ClassPass demonstrated recovery from COVID-19 by reporting more reservations than in February 2020. One month later, Mindbody launched Mindbody Capital to support client growth as the industry navigates its way out of the pandemic.

More than half of Mindbody’s fitness customers estimate that attendance will be back to 100 per cent of pre-pandemic levels by December 2022.

Booker went through a series of iterations before its sale to Mindbody.

Launched in 2007 as SpaBooker by SpaFinder by co-founders Pete Ellis and patent-holder, Daniel Lizio-Katzen, the company span out of SpaFinder in 2010 as GramercyOne, changing its name to Booker Software Inc in 2012. McCarter took up the post of CEO in 2010.

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EGYM has announced an integration with a leading UK-based software company Fisikal to enhance its capabilities to serve the needs of enterprise customers running multi-site operations.
In just over two years, the fitness industry has experienced major disruptions to gyms, a boom in at-home fitness and the return of in-person workouts.
Founded in 2007 in Gersthofen, Germany, miha bodytec is the market-leading supplier of Electro Muscle ...
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Technogym Ride
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Technogym is proud to unveil the new Technogym Ride. Born from Technogym’s long standing experience in cycling field and as official supplier to the best cyclists and teams around the world, Technogym Ride is the first all-in-one bike that connects all your favorite apps in just one click. Read more
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Fritz Lanman appointed CEO at Mindbody

By
Fritz Lanman will take over from Josh McCarter as Mindbody’s CEO on 3 September 2022
McCarter will transition to Mindbody’s board of directors
Mindbody acquired fitness membership platform ClassPass last October with Lanman as incumbent CEO
Since then Lanman has been president of ClassPass and Mindbody Marketplace
Fritz’s tech and entrepreneurial background, and his CEO experience, make him the perfect fit to lead Mindbody and ClassPass, Josh McCarter, current CEO of Mindbody
Credit: Mindbody
Fritz’s tech and entrepreneurial background, and his CEO experience, make him the perfect fit to lead Mindbody and ClassPass
– Josh McCarter, current CEO of Mindbody

Mindbody has announced that Fritz Lanman will become the company’s new CEO from 3 September 2022. He will succeed Josh McCarter who will join Mindbody’s board of directors.

When Mindbody acquired fitness membership platform ClassPass last October, with Lanman as CEO, McCarter led the combined business – founder Payal Kadakia exited – while Lanman became president of ClassPass and Mindbody Marketplace.

Lanman has been involved with ClassPass since 2014, leading its seed and Series A fundraising, before becoming CEO in 2017. Josh McCarter joined Mindbody as chief strategy officer in 2018, following the company’s acquisition of B2B business management platform Booker, of which he was co-founder and CEO. He was announced as president of Mindbody in 2019 and took over as CEO in August 2020 when founder and existing CEO Rick Stollmeyer moved to become executive chair.

“It’s the right time to pass the baton to Fritz who will lead Mindbody through this next chapter,” said McCarter. “Fritz’s tech and entrepreneurial background and his CEO experience, make him the perfect fit to lead Mindbody and ClassPass.”

Lanman graduated from Yale and started his career at Microsoft where he went on to specialise in M&A evaluations and strategy. He worked on several notable deals, including Microsoft’s multi-million-dollar investment in Facebook. After founding and selling Livestar, a mobile recommendations startup, he became an angel investor in ClassPass – and other companies such as Pinterest and Wish – for Lanman Ventures and Acecap.

“I'm excited to build on the strong foundation the company has built over the years and bring new approaches to help accelerate our growth and deliver greater value for wellness business owners and wellness enthusiasts alike,” said Lanman. “There's tremendous opportunity in the wellness industry right now and Mindbody is poised to capitalise on market changes and challenges.”

When ClassPass and Mindbody merged last year, it benefited from a US$500m investment from Sixth Street. In February 2022, ClassPass demonstrated recovery from COVID-19 by reporting more reservations than in February 2020. One month later, Mindbody launched Mindbody Capital to support client growth as the industry navigates its way out of the pandemic.

More than half of Mindbody’s fitness customers estimate that attendance will be back to 100 per cent of pre-pandemic levels by December 2022.

Booker went through a series of iterations before its sale to Mindbody.

Launched in 2007 as SpaBooker by SpaFinder by co-founders Pete Ellis and patent-holder, Daniel Lizio-Katzen, the company span out of SpaFinder in 2010 as GramercyOne, changing its name to Booker Software Inc in 2012. McCarter took up the post of CEO in 2010.

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At-home rower maker Hydrow is one of the latest connected-fitness companies to announce staff cuts. The tech company which won ...
Peter Roberts, former CEO and founder of Pure Gym, has invested in Another Round, a personal training app which utilises ...
Ohm Fitness, a new franchised studio concept, has opened its first location in Scottsdale, Arizona. Delivering small group workouts using ...
A solution dubbed the 'world’s highest quality motion capture system' could help sports scientists, personal trainers and other professionals working ...
Global gym software company ABC Fitness Solutions has entered an agreement to acquire boutique fitness management platform Glofox. The merger ...
Younger men at independent gyms are more likely than any other consumer group to accept increases in their membership fees, ...
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Nowatch, a new contender in the expanding biometric fitness tracker market has developed a wearable device, in partnership with Philips, ...
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EGYM has been pioneering the connected gym floor for more than a decade, partnering with operators and other third-party integrations, ...
Scandinavian fitness chain SATS has reported Q2 results showing a 53 per cent increase in revenue to NOK 1,022m (£85,591,015). ...
Strava and Oura have teamed up to provide users with a more integrated service between the two systems. Oura members ...
Tonal, the at-home strength-training startup backed by Amazon and athletes such as Serena Williams, Maria Sharapova and Mike Tyson, has ...
Peloton has announced that it will exit all owned manufacturing operations, cease making its own products and instead expand its ...
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Speedflex has introduced at-home workout machine Speedflex Blade. The product was launched with the support of former footballers Alan Shearer ...
Brawn has launched InGym, a connected strength-training visual display solution for the free weights lifting community. The technology was recently ...
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