Life Fitness & Octane Fitness
AUGIE NIETO is one of the most successful innovators in the history of the U.S. fitness industry. In 1977, at the age of 19, Nieto bought the marketing rights to the Lifecycle exercise bike. In 1980, he co-founded Lifecycle Inc., and over the next 20 years, the company, now called Life Fitness, Inc., repeatedly multiplied in size under his leadership and grew to be the largest commercial manufacturer of fitness equipment in the world.
Nieto currently serves as chairman of Octane Fitness, an Andover, Minnesota-based designer and distributor of premium elliptical cross-trainers in the high-end, consumer specialty fitness equipment market. He also is an operating advisor of North Castle Partners, a leading private equity investor headquartered in Greenwich, Connecticut, that focuses on consumer businesses that address healthy living and aging trends, and he is on the boards of several companies, including Grand Expeditions in Boca Raton, Florida and Quest Software in Irvine, California.
An active member of the Young Presidents Organization, Nieto is a 1995 recipient of the Ernst & Young Entrepreneur of the Year award in Illinois. He earned a degree in economics with an emphasis in financial accounting from Claremont McKenna College in Claremont, California. He resides in southern California with his wife and four children. More recently, he has devoted much of his time and effort raising funds for research to find a cure of amyotrophic lateral sclerosis, more commonly known as ALS, or Lou Gehrig’s disease, with which he was diagnosed in February 2005.
Please note: This biography was produced from the nominating materials in the candidate’s nominating year, so the information is not current.