CEOWORLD magazine - Profiles - Scott Watterson
Scott Watterson


  • Scott Watterson is the cofounder of Logan, Utah-based fitness equipment maker iFIT. He stepped down as CEO in February 2022 but remains the chairman.
  • The firm makes interactive treadmills, bikes and other machines and offers fitness content under brands like NordicTrack and ProForm and the iFIT app.
  • Net worth: $1.6 billion
  • Watterson and his college buddy Gary Stevenson started iFIT, then named Weslo, as college students at Utah State in 1977.
  • iFIT raised $200 million from Bernard Arnault-backed private equity firm L Catterton in October 2020 at a $7 billion valuation.
  • The company filed with the Securities and Exchange Commission for a potential IPO in August 2021 but withdrew in April 2022.