WTS International has snapped up Todd Walter as its new president, following the demise of Mynd Spa & Salon – formerly The Elizabeth Arden Red Door Salon & Spa – where he was CEO.
Walter will oversee the WTS portfolio of managed facilities and design, feasibility and pre-opening work, reporting to CEO and founder Gary Henkin.
Walter spent 14 years as CEO of Mynd, overseeing 25 facilities and 1,300 employees, the company struggled once it was unable to trade under the Red Door name.
Henkin said: “Todd has the right DNA to help us scale and create incredible wellness facility experiences for our clients.”
Walter said: “Gary and the leadership team have created a company culture that is about trust, respect, and teamwork, and I’m thrilled to be part of it.”
WTS has been developing a succession plan for founder, Henkin, with a new investor
announced late last year when private equity firm, CI Capital Partners, acquired a majority stake in the business.
At the time, CI Capital's Steven Rudnitsky was appointed as vice-chair of the WTS board of directors and the company said expansion was planned and the existing management would continue to operate the business.