Life Time Fitness Elects New Members to Board of Directors

Mon Oct 19, 2009 2:05pm EDT
 
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Jack W. Eugster and John K. Lloyd Bring Additional Retail and Healthcare
Expertise to Board
CHANHASSEN, Minn.--(Business Wire)--
Life Time Fitness, Inc. (NYSE: LTM) announced today that Jack W. Eugster and
John K. Lloyd were elected to its board of directors effective October 13, 2009.


From 1980 until his retirement in 2001, Mr. Eugster, 64, served as chairman,
president and CEO of Musicland Corporation, a retail music and home video
company. During his tenure, Musicland grew from $240 million in annual revenues
to $1.9 billion, and 450 stores to more than 1,300, including multiple retail
store concepts and brands. Prior to Musicland, Mr. Eugster held executive
leadership positions with The Gap, Inc. and Target Corporation. He currently
serves on the board of directors of three public companies, including Donaldson
Company, Inc., Graco Inc., and Black Hills Corporation, as well as several
privately held organizations and community entities. Previously, Mr. Eugster
also served on the board of directors of Best Buy Co., Inc., The Gap, Inc.,
ShopKo Stores, Inc. and Golf Galaxy, Inc. He earned his MBA from Stanford
University and bachelor's degree from Carleton College. 

Since 1997, Mr. Lloyd, 63, has served as president of Meridian Health, a $1.1
billion, New Jersey-based integrated health system which encompasses four
hospitals and an extensive network of non-hospital healthcare services, such as
hospice care, nursing, rehabilitation, ambulance services, and physician
practice management and support. During Mr. Lloyd`s tenure, Meridian Health has
evolved into a nationally-recognized health care leader in clinical quality,
nursing excellence and innovative technology applications. Prior to Meridian
Health, Mr. Lloyd held executive leadership positions with Jersey Shore
University Medical Center, Modern Health Affiliates, Inc., and Episcopal
Hospital. He currently serves on the board of directors of QualCare Preferred
Providers and QualCare Alliance Networks, Inc., as well as several other
privately held organizations and community entities. Previously, Mr. Lloyd also
served on the board of directors of Commerce Bancorp, Inc. He earned his MBA
from Temple University and bachelor`s degree from Princeton University. 

"I am pleased to welcome Jack and John to our seasoned board of directors," said
Bahram Akradi, Life Time Fitness chairman, chief executive officer and
president. "Both are proven leaders who bring tremendous retail and healthcare
experience to Life Time Fitness." 

The addition of Messrs. Eugster and Lloyd brings the total number of Life Time
Fitness board of directors members to eight, seven of whom are independent. The
Company expects Messrs. Eugster and Lloyd to be appointed to standing board
committees at upcoming meetings of its board of directors. 

About Life Time Fitness, Inc.

Life Time Fitness, Inc. (NYSE:LTM) operates distinctive and large, multi-use
sports and athletic, professional fitness, family recreation and resort and spa
centers. The Company also provides consumers with personal training services,
full-service spas and cafes, corporate wellness programs, health and nutrition
education, the healthy lifestyle magazine, Experience Life, athletic events and
nutritional products. As of October 19, 2009, Life Time Fitness operated 84
centers in 19 states, including Arizona, Colorado, Florida, Georgia, Illinois,
Indiana, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, New Jersey,
North Carolina, Ohio, Tennessee, Texas, Utah and Virginia. Life Time Fitness is
headquartered in Chanhassen, Minnesota, and can be located on the Web at
lifetimefitness.com. LIFE TIME FITNESS, LIFE TIME ATHLETIC, EXPERIENCE LIFE, and
the LIFE TIME FITNESS TRIATHLON SERIES are trademarks of Life Time Fitness, Inc.
All other trademarks or registered trademarks are the property of their
respective owners.

Life Time Fitness, Inc.
Investor Contact:
Ken Cooper, 952-229-7427
ir@lifetimefitness.com
or
Media Contact:
Jason Thunstrom, 952-229-7435
pr@lifetimefitness.com

Copyright Business Wire 2009

 

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