Fitness financials: Nautilus' international equipment president to leave, plus Town Sports, Cybex
Nautilus reported that its international equipment president would leave, Town Sports hired a new COO, and Cybex was downgraded from "buy" to "neutral".
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Nautilus’ international equipment president to leave
Nautilus reported in a filing with the SEC that the employment of Darryl K. Thomas, the company’s president, international equipment business, would terminate on April 18. Noreason was given by Nautilus for Thomas’ departure.
Thomas joined Nautilus in January 2004 as senior vice president, strategic planning and assumed the senior vice president, international operations responsibilities in May 2004. He was promoted to president of the international equipment business in January 2006. Prior to Nautilus, Thomas worked for Levi Strauss and Company.
Town Sports hires new COO
Town Sports International Holdings (Nasdaq: CLUB) has named Martin Annese as its chief operating officer, effective April 28. Annese replaces Randall Stephens, who resigned in January.
In his new role, Annese will head Town Sports’ fitness club and marketing operations. He previously worked as senior vice president for Starbucks Corp.
Cybex downgraded
On April 14, research firm Dougherty& Co. downgraded Cybex International (Nasdaq: CYBI) from “buy” to “neutral.” In morning trading Cybex dropped $0.10, or 2.51 percent, to $3.88. Its 52-week range has been $3.75 to $7.32.
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