Life Time Group Holdings CFO to Depart

Life Time Group Holdings, Inc. reached an agreement on December 22 with Robert Houghton, the Company’s Executive Vice President and Chief Financial Officer, for his resignation from the role of Chief Financial Officer, effective December 31, 2023. His service to the Company will conclude on January 5, 2024. As part of this separation, both the Company and Mr. Houghton have finalized the terms of a Separation Agreement and General Release, to be executed on Mr. Houghton’s last day of employment.

In response to this change, the Company has designated Erik Weaver, the current Senior Vice President and Controller, to assume the role of interim Chief Financial Officer, effective January 1, 2024.

Reporting directly to Bahram Akradi, the Company’s Chairman and Chief Executive Officer, Mr. Weaver, aged 45, has been with the Company since 2004. He has held the roles of Senior Vice President and Controller, as well as Principal Accounting Officer, since April 2022. Previously, Mr. Weaver served as the Company’s Vice President and Controller from 2018 until April 2022 and as Assistant Controller from 2016 to 2018.

In his capacity as Senior Vice President and Controller, Mr. Weaver oversees the Company’s accounting, financial reporting, and tax functions. He holds a Master of Business Administration from Hamline University.

Have you read?
The Human Touch in a Digital Age: The Bottom Line Bookkeeping LLC’s Approach to Modern Financial Management.
Inside The Playbook of Daniel Schwartz, 3G Capital Co-Managing Partner & Prior Restaurant Brands International CEO.
The C-Suite’s Guide to Breaking AI Barriers.
Which subjects hold the utmost significance in medical school?
Tools to boost your emotional intelligence and why it can reap rewards at work.
Strategic Control and the Long Game: Tesla’s EV Strategy.