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Article Date: February 2022
Word Count: 293

IFit Founder Steps Down After New Investment

IFit Health & Fitness, which withdrew its initial public offering in Oct. citing difficult market conditions, is now being helmed by co-presidents Steve Barr, the company’s CFO, and Mark Watterson, chief experience officer. Co-founder and CEO Scott Watterson has stepped down from the top job, amid a wider restructuring that includes an unspecified number of job cuts, the Salt Lake Tribune first reported. Watterson, who founded iFit’s predecessor Weslo along with Gary Stevenson in 1977, will remain chairman of the board, but distance himself from day-to-day operations. IFit has been suffering from the same supply chain issues and rising costs ... Log in to view full article.


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