Gerry Faust, Ph.D., president of Faust Management Corporation and longtime IHRSA supplier member, died earlier this week at the age of 77.
Faust was involved in the health club industry since 1984 and had an outstanding career as an entrepreneur, consultant, professor, author, and speaker.
“When I recruited Gerry in 1984 to the health club industry, it was because I learned that we were ignorant of the concept of a business life cycle, not clear where a club fit into the concept and full of current and future club challenges,” Rick Caro, president of Management Vision, told Club Insider. “I learned that we did not truly understand the building blocks of organizational structure, culture and a methodology to deal with key company projects. So, Gerry came along at a time when the industry was dominated by entrepreneurs who had a penchant to learn and a need for improvement.”