February 28, 2022
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.
Net income dropped 18% to A$12,447,000 ($9.1 mm) from A$15,260,000 on a 15% sales gain to A$142,874,000 ($105.0 mm) from A$124,819,000 for the fiscal first half ended Dec. 31.
Hirota, who has been Asics’ President and COO for four years, will succeed Motoi Oyama as CEO, also retaining his current responsibilities.
The Columbia-owned brand has been building up its management team since Troy Sicotte was named president last fall, and the latest round includes three internal promotions and two new hires.
The sneaker subscription platform has raised a $3 million second seed round led by SeventySix Capital that values it at $16 million.