Life Time Group Holdings, Inc. announced that President and Chief Financial Officer Thomas Bergmann would retire from the company on December 31, 2022. The company also announced that Robert Houghton had been named executive vice president and chief financial officer, effective August 28, 2022.
Bergmann relinquished his CFO role concurrent with Houghton’s election and will remain president to support the transition through the end of 2022.
Bergmann joined Life Time in February 2016 as president and chief financial officer. Among his many contributions, he led significant equity and debt transactions for the company, including minority equity investments, multiple debt capital market transactions, and the October 2021 IPO.
Houghton brings to Life Time broad experience in finance, financial planning and analysis and senior leadership as senior vice president of finance at United Natural Foods, Inc. (UNFI) since May 2020. Before that, he was vice president of corporate finance and treasurer and vice president of investor relations for C.H. Robinson from 2018 to April 2020. Houghton also held finance leadership roles with Sherwin-Williams, Valspar, General Mills, and International Paper Company between 1993 and 2018.
Commenting on Bergmann’s retirement from Life Time and Houghton joining the company, Life Time’s Founder, Chairman and CEO Bahram Akradi, said, “I want to thank Tom for his tremendous leadership and contributions as a member of our executive leadership team. I’m very grateful for his partnership, particularly as we returned to the public market last year and navigated our way through the significant impact of the pandemic. I’m also pleased to welcome Bob to our executive leadership team. With his proven track record in financial leadership and FP&A expertise, I look forward to his impact in guiding our finance functions as we continue to build our highly coveted healthy way of life company and brand with unwavering commitment to serve members and shareholders.”
