NEW YORK— February 5, 2018—Crunch Fitness, the health club chain renowned for fusing fitness and entertainment, today announced the appointment of Dan Gallagher as its new Chief Financial Officer. Former CFO of KB US Holdings (Kings Supermarkets and Balducci’s Food Lovers Markets) and CFO of Town Sports International Holdings, Inc., Gallagher will be an instrumental leader in growing the Crunch brand.
Gallagher began his career in fitness when he joined Town Sports in 1999. For most of his 16-year tenure, Dan was a strategic finance leader who demonstrated a track record of quickly delivering results. Dan built the accounting and finance team, improved infrastructure, focused on streamlining processes and internal controls, and played an instrumental part in building out financial planning and analysis and external reporting. He worked with club leaders to improve operational processes for all company- owned stores and built internal customer-focused accounting and finance teams. Importantly, Dan led TSI’s efforts through its IPO in 2006.
Dan most recently served as the CFO for Kings Food Markets and Balducci’s Food Lover’s Markets. During his time there, he provided leadership to support the company’s growth plan under new ownership. He was a key member of the Executive Committee, developing growth strategies while improving the company’s financial position.
“Dan’s knowledge and background in the health and fitness industry will help lead the company through this important stage in our evolution and will continue to build a strong foundation that will move the business forward,” said Keith Worts, Chief Executive Officer of Crunch. “His leadership and proven success in finance and accounting makes him the perfect executive to take Crunch to the next level in 2018 and beyond.”
“We are very pleased to have Dan join our team as Chief Financial Officer, his arrival comes at an important time for Crunch. As the fastest growing and #1 brand in the HVLP category, his experience and expertise are a welcomed addition to our team as we look to grow even faster over the coming years,” said Ben Midgley, Chief Executive Officer of Crunch Franchising.
"I couldn't be happier to join the team here at Crunch during this exciting time as we pursue ambitious objectives," said Gallagher of his new position. “My experience gives me the unique ability to help grow the company from multiple perspectives to deliver results. Crunch is a special brand, with something unique and compelling to offer, and I look forward to working with the team.”
Crunch is a gym that believes in making serious exercise fun by fusing fitness and entertainment and pioneering a philosophy of No Judgments. Crunch serves a fitness community for all types of people, with all types of goals, exercising all different ways; working it out at the same place together. Today, we are renowned for creating one-of-a-kind group fitness classes and unique programming for our wildly diverse members. Headquartered in New York City, Crunch serves over 1,200,000 members with over 245 gyms worldwide in 25 states, Puerto Rico and 4 countries. Crunch is rapidly expanding across the U.S. and around the globe.