Therabody Appoints Monty Sharma as Chief Executive Officer
Sharma, newly appointed CEO of Therabody, is a veteran of the health and wellness industry
Theraboody has announced Monty Sharma as President and Chief Executive Officer of the wellness technology company. Co-founder and CEO Benjamin Nazarian will transition to Executive Chairman.
Sharma is a health and wellness industry veteran, having served as CEO at companies such as EAS, Naked Juice, Atkins (now Simply Good Foods), Curves, Jenny Craig, and Better Being Company.
Notably, at both Naked Juice and Atkins, Sharma doubled sales and tripled earnings in under three years and helped facilitate 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,” said Monty Sharma. “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.”
Therabody, which evolved from the therapeutic Theragun, has grown into a vast offering of wellness products. The wellness tech company offers compression systems, a facial health product, muscle stimulators, hot and cold wearables, topicals, and ingestibles.
“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, who has served as Therabody’s CEO since founding the wellness tech company in 2016.
“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.”
Therabody closed a $165 million growth equity round last fall and launched eight new products. The wellness tech company said the capital would be used for continued investment in technology, the creation of digital content, and Reset, its whole-body wellness centers.
The company named Julianna Hough as an investor and ambassador in 2021.
