Mindbody, the technology platform for the wellness industry, announced that the company’s Co-Founder Rick Stollmeyer is transitioning from the role of chief executive officer to executive chair and that the Mindbody Board of Directors has appointed current President Josh McCarter to CEO effective August 1.
McCarter is the co-founder and former CEO of Booker Software, a cloud-based spa and salon business management company that Mindbody acquired in 2018. After the acquisition, he joined Mindbody as chief strategy officer and was elevated to president the following year to support the company’s growth.
Stollmeyer will continue to serve on the Mindbody board, participate in the company’s strategic planning and engage in wellness industry thought leadership. Stollmeyer’s forthcoming book, “Building a Wellness Business That Lasts,” is expected to release this fall, providing insights into the future of entrepreneurship in the category.
The Mindbody board unanimously voted to promote McCarter. Current chief technology officer Sunil Rajasekar will assume the role of president, in addition to his CTO responsibilities. Aaron Stead, current SVP of North American sales, will assume the role of chief revenue officer.
“I’m excited to begin the next chapter of my journey here at Mindbody,” said McCarter. “Rick has built something truly special and I think I speak for everyone at the company when I thank him for his exceptional leadership and vision. The team Rick has assembled is unmatched in this industry and will be key to our success as we continue to evolve the brand. As executive chair, Rick will continue to provide invaluable guidance as we work to enable our customers’ success.”
“Mindbody has been my career and a singular passion for more than two decades, and I am most proud of the entrepreneurs we have helped and the jobs we have created,” Stollmeyer said. “It has been an exciting 20 years, but these are still the early innings for Mindbody and the wellness industry. Enormous growth opportunities lie ahead and those are made even more important and compelling by COVID-19. With Josh McCarter now at the helm, Sunil Rajasekar as president/CTO, and the strongest team in our history, Mindbody is well-positioned to expand our leadership in the years ahead. There is no doubt we will succeed, and I look forward to supporting the company as executive chair.”
Photo courtesy Mindbody