Town Sports International, New York, appointed Gregory Bartoli as the company's chief operating officer on Monday. He begins the position Wednesday.
Bartoli, 38, has been providing advisory services to TSI as an outside consultant. Since 2013, Bartoli has served as founder and president of J.E.M. Partners LLC, a Florida-based real estate holding company specializing in outdoor family entertainment and amusement parks.
Bartoli's background includes years of progressive experience in financial and entrepreneurial leadership roles. He worked in the Investment Banking Division at JPMorgan from 2007-2013, serving as the managing director of the Interest Rate Trading Group from 2009-2013.
Bartoli's base salary is $500,000, and he will report directly to TSI Executive Chairman Patrick Walsh and/or the executive chairman of the board, according to a filing with the Securities and Exchange Commission.
Bartoli's appointment is the latest management move this year at Town Sports International.
Former CEO, president and COO Daniel Gallagher left the company in June for undisclosed reasons. Walsh was appointed to the executive chairman position until the board of directors finds a new CEO.
Gallagher was promoted to CEO in February when former CEO Bob Giardina was appointed executive chairman of the board. TSI reworked its board in March, and Giardana became a non-employee member of the board.