Life Time®Group Holdings, Inc. announced that President Thomas (Tom)Bergmann, has decided to retire from the Company on December 31, 2022. In conjunction with Bergmann's retirement, the Company also announced that Robert (Bob) Houghton has been named Executive Vice President, effective August 28, 2022. Bergmann relinquished his Chief Financial Officer role concurrent with Houghton's election and will remain President to support the transition through the end of 2022.

Bergmann joined Life Time in February 2016 as President and Chief Financial Officer. His operational and financial leadership has played a central role in the Company's continued expansion and growth, positioning Life Time well for the future. In addition to building a strong finance team, he also led significant equity and debt transactions for the Company, including minority equity investments, multiple debt capital market transactions and the October 2021 initial public offering.

Houghton brings to Life Time broad experience in finance, extensive financial planning and analysis (FP&A) skills and senior leadership experience, having served as Senior Vice President – Finance at United Natural Foods, Inc. (UNFI), a North American distributor of natural and conventional grocery and non-food products, since May 2020. While at UNFI, Houghton led the strategy, development and execution of enterprise-wide FP&A, investor relations, financial systems, finance integration and business continuity programs. Prior to that, he served as Vice President – Corporate Finance and Treasurer and Vice President – Investor Relations for C.H. Robinson, a global third-party logistics company, from 2018 to April 2020. Houghton also held finance leadership roles with Sherwin-Williams, Valspar, General Mills and International Paper Company between 1993 and 2018.