Blink Fitness, New York, announced on May 22 that it has promoted former President Todd Magazine to CEO and former Vice President of Operations David Collignon to senior vice president of operations.
“Todd's vision and tenacity have propelled Blink Fitness into a thriving bi-coastal, multi-state brand," Harvey Spevak, executive chairman and managing partner of Equinox Holdings, Blink Fitness' parent company, said in a media release. "He has simultaneously established the brand as a highly differentiated player and transformed Blink into an autonomous, profitable business. Under his leadership, we look forward to a future of sustained, strong performance and continued growth."
Magazine was hired as Equinox's executive vice president of new business in 2012. He transitioned to the Blink Fitness brand in 2013 as executive vice president and general manager before becoming president. Under Magazine, Blink Fitness has expanded from four locations to 70 locations with 400,000 members. This includes a recent expansion to the West Coast.
To further accelerate growth, the brand recently launched a franchising system to supplement its company-owned clubs. Blink Fitness' first franchise club opened in March 2018 in Long Island, New York.
“The last six years have been the most fun and rewarding of my career," Magazine said in the release. "And the best part is that we are only getting warmed up. The runway for this business is as far as the eyes can see. We have an awesome brand, an incredible business model, and the most dedicated and passionate people I have ever worked with.”
Collignon joined Blink Fitness as vice president of operations in 2016 and has helped the brand expand its geographical footprint.
“Under David’s leadership, the business has seen a significant reduction in member attrition, as well as staff turnover,” Magazine said in the release. “He also helped turbo charge Blink’s personal training and retail businesses, both of which grew exponentially over the past year.”
Blink Fitness expects to operate approximately 90 clubs by the end of 2018 and 300 within five years, Magazine said.