F45 Training Holdings Inc. announced that it has strengthened its leadership team with the naming of a new Chief Executive Officer who together bring to F45 highly relevant expertise and a proven track record of building successful brands worldwide. These key appointments follow the Company's recent announcement of $90 million in new financing to improve its balance sheet and drive the business forward. Tom Dowd has been appointed F45's new CEO, effective immediately.

He succeeds outgoing interim CEO Ben Coates, who remains on the Company's Board of Directors. Mr. Dowd is a seasoned operator who spent 25 years at GNC Holdings in a variety of executive leadership roles and, more recently, co-founded Performance Inspired(TM), a leading active lifestyle nutrition company. Mr. Dowd was one of the early investors in F45.