Forms Office of the Chairman, Names Vice Chairman and New President and CEO
MINNEAPOLIS, Dec. 4 /PRNewswire-FirstCall/ -- Health Fitness
Corporation (OTC Bulletin Board: HFIT) today announced the formation of a
new executive structure to include an Office of the Chairman, effective
January 1, 2007. The new structure is intended to strengthen the senior
management team's capacity in order to capitalize on the significant growth
opportunities in health management, as well as expand and integrate its
leading fitness management business with health management and to implement
the Boards transition plan for leadership succession.
The new executive management team will be composed of Mark W. Sheffert,
Chairman of the Board; Jerry Noyce, formerly the company's President and
CEO, who has been elected Vice Chairman; and Gregg O. Lehman, a member of
Health Fitness' Board of Directors and nationally recognized executive in
the health management business, who has been elected President and CEO.
"The health management sector of our business has tremendous potential
and the Board concluded that an executive with applicable experience would
enable us to better focus on this opportunity. In addition, we are the
largest fitness management provider in the U.S., and we plan to continue to
strengthen this position of leadership," said Chairman Mark Sheffert.
"Over the past six years, Jerry made significant contributions to the
company as President and CEO. He was instrumental in reviving a lagging
company and turned it into a profitable and well positioned organization,"
Sheffert continued. "He also created our current health management service
business by overseeing the acquisition and integration of the health and
wellness division of Johnson and Johnson Health Care Systems and Health
Calc, a technology based health management services business. In addition,
he was recently recognized as an industry leader when he was named to the
President's Council on Physical Fitness and Sport.
We are pleased that Jerry will continue to play an important role and
believe that his insights and guidance will prove invaluable as we search
for acquisition, joint venture or partnership opportunities in our
business."
"It has been a great privilege to help guide the growth of the company
over the past six years. I am pleased that Gregg is joining the leadership
team as President and CEO to take us to the next level," said Noyce.
Lehman, who recently joined Health Fitness' Board of Directors, is a
nationally recognized leader in the health management services business. He
has over 20 years of experience in the healthcare industry and, most
recently, served as President and CEO of INSPIRIS, a Nashville-based
specialty care medical management company. Previously, Lehman was President
and CEO of Gordian Health Solutions, Inc., one of the nations leading
health management companies dedicated to improving the health of employees
and dependents for self insured employers and health plans, until it was
sold to Blue Cross and Blue Shield in 2005, and President and CEO of the
National Business Coalition of Health.
Lehman is the past president of Taylor University, a private Indiana
liberal arts university. He has a PhD and an M.S. from Purdue University in
Higher Education Administration and a B.S. in Business Management and
Marketing from Indiana University. He and his family plan to move to the
Twin Cities in the near future.
"We are fortunate to have an executive of Gregg's caliber leading our
efforts to fully capitalize on the opportunities in the rapidly growing
health management services business. Gregg has a demonstrable track record
of senior management health-related experience, including leading Gordian
Health Solutions to unprecedented growth and profitability and then
orchestrating the successful sale of the business," said Sheffert.
"It is a real honor to join a market leading company such as Health
Fitness Corporation," said Lehman. "With the foundation in place under
Jerry's leadership, I firmly believe that our team will be proactive in
addressing the health and productivity issues of employers with innovative
programs and services that demonstrate value."
Sheffert is Chairman and CEO of Minneapolis-based Manchester Companies,
Inc. an investment banking, corporate renewal and management advisory firm.
He has been a member of Health Fitness' Board for the past five years and
was appointed Chairman of the Board in August 2006. His role in the new
management structure will be to provide a closer link between the Board and
executive management in order to assure continued execution of the
company's strategic plan and effective transition of leadership through the
company's succession plan.
About the Company
Health Fitness Corporation is a leading provider of employee health
improvement services to corporations, hospitals, and communities. Serving
clients for over 30 years, HFC provides fitness and health management
services to more than 400 on-site and remote locations across the U.S. and
Canada. For more information about Health Fitness Corporation, go to
http://www.hfit.com.
Forward Looking Statements
Certain statements in this release, including, without limitation,
those relating to management's belief about future growth are
forward-looking statements. Such information should be used only as an
indication of the activity we have recently experienced in our two business
areas. Any statements that are not based upon historical facts, including
the outcome of events that have not yet occurred and our expectations for
future performance, are forward-looking statements. The words "believe,"
"estimate," "expect," "intend," "may," "could," "will," "plan,"
"anticipate," and similar words and expressions are intended to identify
forward-looking statements. Such statements are based upon the current
beliefs and expectations of our management. Actual results may vary
materially from those contained in forward-looking statements based on a
number of factors including, without limitation, our inability to deliver
the health management services demanded by major corporations, our
inability to successfully cross-sell health management services to our
fitness management clients, and other factors disclosed from time to time
in our filings with the U.S. Securities and Exchange Commission including
our Form 10-K for 2005 as filed with the SEC. You should take such factors
into account when making investment decisions and are cautioned not to
place undue reliance on these forward-looking statements, which speak only
as of the date on which they are made. We undertake no obligation to update
any forward-looking statements.
SOURCE Health Fitness Corporation
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Related links:
http://www.hfit.com
CONTACT:
Wes Winnekins, CFO of Health Fitness
Corporation, +1-952-897-5275; or John Mills of Integrated
Corporate Relations, +1-310-954-1105, for Health Fitness
Corporation
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