Life Time Group CFO Bergmann to retire, shares down

Life Time group

29/08/2022 15:23

** Shares of lifestyle brands and country club owner Life
Time Group Holdings Inc  LTH.N  fall as much as 3% to near
one-month low of $12.61
    ** Stock last down 2.1%, on course for seventh straight
session of losses 
    ** Company says President and CFO Thomas Bergmann has
decided to retire, effective Dec. 31  urn:newsml:reuters.com:*:nPnbtbvf2a
    ** Bergmann joined Life Time Group in February 2016 as CFO
    ** LTH names Robert Houghton as executive vice president and
CFO, effective Aug. 28
    ** Houghton was previously senior vice president for finance
at United Natural Foods Inc  UNFI.N  since May 2020
    ** Stock has fallen ~26% this year 

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))