January 12, 2023
At Therabody®, we always want to keep moving. Which makes the announcement of wellness industry leader Monty Sharma as President and Chief Executive Officer so meaningful. Co-Founder and CEO Benjamin Nazarian will elevate to Executive Chairman.
As CEO of high-profile health and wellness companies including EAS, Naked Juice, Atkins (now Simply Good Foods), Curves, Jenny Craig and most recently the Better Being Company, Monty Sharma brings over 25 years of leadership experience in Global Sales, Marketing, Product Innovation and Operations. Sharma has a proven track record of sales growth, building industry leading brands, creating best-in-class operations, and increasing shareholder value. At both Atkins and Naked Juice, Sharma doubled sales and tripled earnings in less than three years. At the Better Being Company, Sharma led a significant re-brand and portfolio optimization strategy that led to a greater focus on specific consumer segments in the natural and specialty premium Vitamins, Minerals and Supplements (VMS) space. During his career, he has worked with leading investment firms to produce attractive returns, including the sale of Naked Juice to PepsiCo.
“I am thrilled to join Therabody and partner with Ben and the excellent team. Therabody’s category leading and innovative products solve for various consumer pain points to help them lead healthier and stronger lives. A significant opportunity exists to bring these incredible products to various consumer segments across the world and for our brand to build a strong and clear leadership position in technology-based wellness,” said Sharma.
“We are working to change the way people think about their health and wellness so that they proactively take care of themselves and stop accepting pain as part of life,” says Nazarian. “I am very excited to have Monty join us to help us achieve this goal. Having someone with Monty’s expertise and track record join our company is a testament to our market leadership and speaks to the opportunity ahead of us. I look forward to partnering with Monty to continue to grow and build Therabody into an iconic company that is having a profound impact on people’s lives.”
Serving as the company’s CEO since its founding in 2016, Nazarian revolutionized the business, expanding it from a single product—the category-creating TheragunⓇ—to Therabody, with an ecosystem of premium wellness products for the entire mind and body. During his six-year tenure, the company has grown from a direct-to-consumer business to a global omni-channel wellness technology leader that has created 64 products, generated more than $1 billion in revenue and now sells in 60 countries across more than 10,000 doors. Partnering with Co-Founder and the inventor of Theragun, Dr. Jason Wersland, Nazarian co-created three new disruptive categories beyond Theragun, including award-winning TheraFaceⓇ, wireless RecoveryAirⓇ JetBootsTM, and SmartGogglesTM, the brand’s first smart wearable device with real-time biometric data to improve sleep, stress and focus. In addition, Nazarian has overseen the opening of 16 Therabody-owned brick-and-mortar retail locations and five Reset wellness destinations, secured $165M in funding and led product development that has been granted over 400 patents and earned dozens of awards including Fast Company’s Brands that Matter, TIME Best Inventions 2022 and Popular Science Greatest Inventions 2022. As Executive Chairman, he will lead Therabody’s global business strategy, business development, product development and partnerships.
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