NEW YORK--(BUSINESS WIRE)--
Town Sports International Holdings, Inc. ("TSI" or the "Company")
(NASDAQ:CLUB) today announced the promotion of Daniel Gallagher from
Chief Financial Officer to President and Chief Operating Officer. In his
new role, Mr. Gallagher will be responsible for all fitness club
operations for the Company, and will continue to report to the CEO,
Robert Giardina. Mr. Gallagher will continue to serve as Chief Financial
Officer until the Company appoints a successor. Mr. Gallagher joined the
Company in 1999 and has served as Chief Financial Officer of the Company
since March 2008.
Bob Giardina, Chief Executive Officer of Town Sports International,
commented: "I am very pleased that Dan will be our new President and
Chief Operating Officer. I have known Dan for the past 15 years, and
have watched him grow with our company. He has been an invaluable member
of the executive team, has strong leadership skills and has earned the
respect of his peers and partners. His deep knowledge of our industry
and our business makes him an excellent choice to lead and I look
forward to working with him for many years to come."
About Town Sports International
New York-based Town Sports International Holdings, Inc. is a leading
owner and operator of fitness clubs in the Northeast and mid-Atlantic
regions of the United States and, through its subsidiaries, operated 162
fitness clubs as of September 30, 2013, comprising 108 New York Sports
Clubs, 29 Boston Sports Clubs, 16 Washington Sports Clubs (two of which
are partly-owned), six Philadelphia Sports Clubs, and three clubs
located in Switzerland. These clubs collectively served approximately
507,000 members, including 42,000 members under its restricted student
and teacher memberships as of September 30, 2013.
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Town Sports International Holdings, Inc., New York
Joseph Teklits / Farah Soi
Source: Town Sports International Holdings, Inc.
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