EY Announces Patrick Walsh, Chairman & Chief Executive Officer of Town Sports International Holdings, Inc. as Entrepreneur ...
May 31 2018 - 9:30AM
Business Wire
EY today announced that Patrick Walsh, Chairman and Chief
Executive of Town Sports International Holdings Inc., (“TSI,”
“Town Sports” or the “Company”) (NASDAQ:CLUB) is a
finalist for the Entrepreneur Of The
Year® 2018 Award in the New York
region. The awards program recognizes
entrepreneurs who are excelling in areas such as innovation,
financial performance and personal commitment to their
businesses and communities. Walsh was selected as
a finalist by a panel of independent judges including
past award recipients, leading CEOs, private capital investors and
other business leaders. Award winners will be announced at a
special gala event on June 12 at the New York
Marriott Marquis.
Patrick Walsh became Chairman of the Board of Town Sports
International in 2015 while the Company was in severe distress and
has served as Chairman and Chief Executive Officer since 2016. In
the years following Patrick's arrival, the Company has experienced
a significant turnaround in the business and performance. Town
Sports stock price traded over $11.00 per share in 2018, an
increase of more than 1,000% from the low of 92 cents in 2016. Town
Sports has recently begun to accelerate its growth, expanding the
business through acquisitions.
“The recognition as Entrepreneur Of The Year finalist from EY is
a testament to the culture, hard work and dedication of the entire
TSI organization. I am proud of the TSI Team and our recent
accomplishments. More importantly, I am extremely excited about
TSI's future as I believe the best is yet to come," said Walsh.
Now in its 32nd year, the Entrepreneur Of The Year®
program has expanded to recognize business
leaders in more than 145 cities and more than 60
countries throughout the world. Past winners include Howard
Schultz of Starbucks (NASDAQ: SBUX), Jeff Bezos of Amazon (NASDAQ:
AMZN), and Sergey Brin and Larry Page of Google Inc. (NASDAQ:
GOOGL).
Sponsors:
Founded and produced by EY, the Entrepreneur Of
The Year Awards are nationally sponsored in the US by SAP
America, Merrill Corporation and the Ewing Marion Kauffman
Foundation. In New York, sponsors also
include Marsh, Empire Valuation Consultants, Kirkland
& Ellis LLP, Pine Hill Group, DLA Piper
and SolomonEdwards Group.
About Entrepreneur Of The Year®:
Entrepreneur Of The Year®, founded by EY, is the world’s
most prestigious business awards program for entrepreneurs, chosen
from an independent panel of judges including entrepreneurs and
prominent leaders from business, finance, and the local community.
The program makes a difference through the way it encourages
entrepreneurial activity among those with potential and recognizes
the contribution of people who inspire others with their vision,
leadership and achievement. As the first and only truly global
awards program of its kind, Entrepreneur Of The Year celebrates
those who are building and leading successful, growing and dynamic
businesses, recognizing them through regional, national and global
awards programs in more than 145 cities and more
than 60 countries. ey.com/eoy
About EY
EY is a global leader in assurance, tax, transaction and
advisory services. The insights and quality services we deliver
help build trust and confidence in the capital markets and in
economies the world over. We develop outstanding leaders who team
to deliver on our promises to all of our stakeholders. In so doing,
we play a critical role in building a better working world for our
people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or
more, of the member firms of Ernst & Young Global Limited,
each of which is a separate legal entity. Ernst & Young Global
Limited, a UK company limited by guarantee, does not provide
services to clients. For more information about our organization,
please visit ey.com.
This news release has been issued by Ernst & Young LLP, a
member of the global EY organization that provides services to
clients in the US.
For more information, please visit ey.com.
About Town Sports International Holdings, Inc.
Town Sports International Holdings, Inc. is a diversified
holding company with subsidiaries engaged in a number of business
and investment activities. The Company’s largest operating
subsidiary has been involved in the fitness industry since 1973 and
has grown to become one of the largest owners and operators of
fitness clubs in the Northeast region of the United States.
TSI’s corporate structure provides flexibility to make investments
across a broad spectrum of industries in order to create long-term
value for shareholders.
For more information, please visit
townsportsinternational.com.
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