Pure Gym names Humphrey Cobbold as new chief executive as it adds 12 sites

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The private equity backed company said Humphrey Cobbold, who previously ran cycling retailer Wiggle, will replace Peter Roberts as its chief executive.

Roberts will become executive chairman, having founded the group in 2009.

Pure Gym has 90 sites open across the country that are open 24-hours-a-day.

Its 450,000 members have access to classes and personal trainers but not luxuries like swimming pools and saunas and pay a monthly fee of up to £25 a month.


“It’s been really interesting to watch Pure Gym’s progress over the past few years as both a fitness enthusiast and businessman,” Cobbold told The Evening Standard.

“Since launching in 2009, Pure Gym has fundamentally changed the gym landscape in the UK and in turn become the largest operator in the country.

“If you’re not into things like Turkish baths, swimming pools and saunas, we can give you everything you want at a really affordable price.”

Pure Gym plans to open 40 new outlets this year. In London, Cobbold said the company plans to open in areas including Bermondsey and Croydon.

It is eventually expected to join the growing list of business listing on the London Stock Exchange, although that is not expected to happen this year.

Roberts said: “I am delighted Humphrey has agreed to join Pure Gym, where he will oversee day-to-day operations and our continued expansion.

“Attracting someone of his calibre is a testament to the business we have built and its future prospects.”

Source Article from http://www.standard.co.uk/business/business-news/pure-gym-names-humphrey-cobbold-as-new-chief-executive-as-it-adds-12-sites-9988690.html

January 20, 2015 |
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