F45 Training Shares Tumble as CEO Quits, Wahlberg Sells
July 29, 2022
Australian fitness class company F45 Training saw shares plummet more than 60% this week following the departure of chief executive and co-founder Adam Gilchrist.
Gilchrist relinquishing his role as CEO comes amid a strategic reorganization by F45 to adhere to “changing macroeconomic and business conditions.” The reorganization also cut 110 jobs at the Austin, Texas-based company — about 45% of its workforce. FOS