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NEWS
SoulCycle CEO Melanie Whelan steps down
POSTED 28 Nov 2019 . BY Tom Walker
Whelan will vacate the role with immediate effect and will also step down as director of the company's board Credit: Soul Cycle
SoulCycle chief executive Melanie Whelan has resigned from her role, capping off a challenging few months for the indoor cycling operator.

Whelan will vacate the role with immediate effect and will also step down as director of the company's board.

She will be replaced by chief financial officer Sunder Reddy, who has been named interim CEO.

In an emailed letter sent to Soul Cycle employees – widely reported in the US media – Whelan wrote: "I'm deeply grateful for the opportunity to have led our SoulCycle team and brand during a transformational time for this amazing community.

"Having started with SoulCycle when we had only seven studios and a huge dream – I couldn't be more proud of what this team has accomplished together.

"The magic of SoulCycle has always been in those dark studios. The love, the passion, the energy and the spirit of what we do is more important today than ever before. SoulCycle is a one-of-a-kind organization and I will be cheering on your continued growth and success."

Whelan's resignation comes just three months after SoulCycle and boutique studio operator Equinox faced a fierce backlash over their owner's links to controversial US president Donald Trump.

In August, Stephen Ross, the head of Related Companies – which owns the two fitness brands – threw a US$100k-$250k-a-ticket fundraising event for Trump's re-election at his home in the Hamptons, NY.

It led to members of Equinox and SoulCycle taking to social media and expressing their outrage, with many stating their intention to cancel their membership of the high-end chains.

Both Equinox and SoulCycle have consistently focused their marketing and company culture on a liberal agenda.

Founded in 2006, SoulCycle currently operates nearly 100 studios in the US, Canada and the UK.
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Jobs    News   Products   Magazine
NEWS
SoulCycle CEO Melanie Whelan steps down
POSTED 28 Nov 2019 . BY Tom Walker
Whelan will vacate the role with immediate effect and will also step down as director of the company's board Credit: Soul Cycle
SoulCycle chief executive Melanie Whelan has resigned from her role, capping off a challenging few months for the indoor cycling operator.

Whelan will vacate the role with immediate effect and will also step down as director of the company's board.

She will be replaced by chief financial officer Sunder Reddy, who has been named interim CEO.

In an emailed letter sent to Soul Cycle employees – widely reported in the US media – Whelan wrote: "I'm deeply grateful for the opportunity to have led our SoulCycle team and brand during a transformational time for this amazing community.

"Having started with SoulCycle when we had only seven studios and a huge dream – I couldn't be more proud of what this team has accomplished together.

"The magic of SoulCycle has always been in those dark studios. The love, the passion, the energy and the spirit of what we do is more important today than ever before. SoulCycle is a one-of-a-kind organization and I will be cheering on your continued growth and success."

Whelan's resignation comes just three months after SoulCycle and boutique studio operator Equinox faced a fierce backlash over their owner's links to controversial US president Donald Trump.

In August, Stephen Ross, the head of Related Companies – which owns the two fitness brands – threw a US$100k-$250k-a-ticket fundraising event for Trump's re-election at his home in the Hamptons, NY.

It led to members of Equinox and SoulCycle taking to social media and expressing their outrage, with many stating their intention to cancel their membership of the high-end chains.

Both Equinox and SoulCycle have consistently focused their marketing and company culture on a liberal agenda.

Founded in 2006, SoulCycle currently operates nearly 100 studios in the US, Canada and the UK.
RELATED STORIES
FEATURE: Thought leaders: Equinox, Soul Cycle and Trump


Equinox and Soul Cycle lost members when it became known that the CEO of their parent company hosted a fundraiser for Donald Trump. What can we learn?
MORE NEWS
Peloton considers de-listing to draw a line under pandemic challenges
Peloton Interactive Inc is believed to be working to get its costs under control in a bid to align with the expectations of private equity investors as it considers de-listing.
Equinox teams up with Dr Mark Hyman's Function Health to offer $40k annual healthspan programme
Equinox, has teamed up with health platform, Function Health, to offer 100 comprehensive laboratory tests, giving members vital insights into their internal health.
'Huff and Puff' – Australian research emphasises the importance of keeping up the cardio
Having good levels of cardiorespiratory fitness cuts disease and premature death by 11 to 17 per cent according to new research from the University of South Australia.
Active Oxfordshire secures £1.3 million to tackle shocking levels of inequality
Active Oxfordshire has received £1.3 million to tackle inactivity and inequality and launch a new programme for children.
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Sue Anstiss' Game Changers podcast headed for Elevate 2024
Join us at Elevate from 12-13 June in London for a special one-off live recording of The Game Changers Podcast with Sue Anstiss, CEO of Fearless Women. [more...]

W3Fit EMEA’s innovative programme sets sail for Sardinia, Italy
Following a hugely successful event last year in Split, Croatia, W3Fit EMEA, is heading to the Chia Laguna resort in Sardinia from 8-11 October. [more...]
+ More featured suppliers  
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Mindbody

Mindbody is the leading business management software for the fitness and wellness industries. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


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Tel: +44 (0)1462 431385

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