Industry tech business, Mindbody, has announced its Board of Directors has appointed current president Josh McCarter to the role of CEO.
After a unanimous vote from the board, McCarter will be taking over from the company’s co-founder Rick Stollmeyer – who is transitioning from CEO to executive chair – effective 1 August 2020.
McCarter is an experienced leader as the co-founder and former CEO of Booker Software, a cloud-based spa and salon business management company that Mindbody acquired in 2018.
After the acquisition, he joined Mindbody as chief strategy officer and was promoted to president the following year to support the company’s growth.
“I’m excited to begin the next chapter of my journey here at Mindbody,” said McCarter, “Rick has built something truly special and I think I speak for everyone at the company when I thank him for his exceptional leadership and vision.
“The team Rick has assembled is unmatched in this industry and will be key to our success as we continue to evolve the brand. As executive chair, Rick will continue to provide invaluable guidance as we work to enable our customers’ success.”
Stollmeyer will continue to serve on the Mindbody board, participate in the company’s strategic planning, and engage in wellness industry thought leadership.
“Mindbody has been my career and singular passion for more than two decades,” Stollmeyer said, “and I’m most proud of the entrepreneurs we have helped and the jobs we have created.
“Enormous growth opportunities lie ahead for Mindbody and those are made even more important and compelling by COVID-19. With the strongest team in our history, there is no doubt we will succeed, and I look forward to supporting the company as executive chair.”
Current chief technology officer Sunil Rajasekar will assume McCarter’s role of president, in addition to his CTO responsibilities. Aaron Stead, current SVP of North American sales, will assume the role of chief revenue officer.
This year has been a time of transition for Mindbody, as the company launched an integrated Virtual Wellness Platform in the midst of the initial COVID-19 shutdown.
The platform is designed to enable wellness businesses of the future to seamlessly integrate in-person and virtual experiences, and has been well-received around the world.
Mindbody’s vision for the future of the industry is characterised by hybrid delivery models, smaller in-person class sizes, more home-based services, corporate wellness, and greater access for billions of people.
