Dennis Lee, the co-founder of Octane Fitness, will leave the company at the end of December, according to a spokesperson for Octane Fitness, Brooklyn Park, Minnesota.
Octane Fitness was purchased by Nautilus, Vancouver, Washington, in January for $115 million. Since then, Lee has served as vice president, general manager, commercial and specialty at Octane Fitness, but he has decided to transition out of that role, according to the spokesperson. No details were available on what he plans to do next.
Ryan Simat, vice president of sales for Octane since 2003, will step into the general manager role when Lee leaves, the spokesperson said.
Tim Porth, the other co-founder of Octane Fitness, will remain with the company, according to the spokesperson. Porth's role had changed little since the Nautilus purchase, as he maintained his responsibilities as head of product development and marketing.
“Ryan’s depth of knowledge in the commercial and specialty markets and relationship with our customers through his long term tenure with Octane Fitness as one of the first employees, makes him the ideal candidate to fill the role of vice president, general manager, commercial and specialty on the executive team,” said Bill McMahon, COO, Nautilus Inc. “We are well positioned for accelerated growth in these sales channels under Ryan’s leadership.”