
Andy Cosslett left the helm of IHG in March 2011 to enter new worlds of business and change his perspective. He has just been nominated CEO of Fitness First, a chain of fitness clubs in financial trouble.
No retirement plan for Andy Cosslett, despite the generous £11m 'golden goodbye' from IHG in March 2011. He has been chosen by the owners to replace Chris Stone as Chief Executive Officer for Fitness First.Mr Cosslett will be tasked with reviving Fitness First’s financial health at the same time as expanding the 430-club chain. Chris Stone managed to retructure the £560 million debt of the company. It’s time now for new expansion and preparation of a float at London Stock Exchange.