NEW YORK--(BUSINESS WIRE)-- Forstmann Little & Co. announced today that Julian Robertson has been named Chairman of the firm.

Mr. Robertson will provide counsel to Forstmann Little regarding its three remaining portfolio companies: IMG Worldwide, the global leader in sports, fashion and media; 24 Hour Fitness, the largest privately owned U.S. fitness club chain; and ENK International, the leading trade show organization for the fashion industry. Mr. Robertson has been elected to the IMG Board of Directors.

Mr. Robertson commented, “Ted was a wonderful man and a close friend for decades. His death is a great loss for all of us. I am honored to provide advice and counsel to the great firm he built.”

Mr. Robertson is an independent investor and active philanthropist. Considered one of the fathers of the hedge fund industry, Mr. Robertson founded the investment firm Tiger Management Corp. and served as its President and Chief Executive Officer for two decades. From startup capital of $8 million, Tiger at its peak managed over $22 billion. Prior to Tiger Management, Mr. Robertson served as the head of Kidder, Peabody & Co.’s asset management division.

Mr. Robertson has established and overseen a number of charitable organizations, including The Robertson Foundation, which he created with his late wife Josie and their family in 1996 for the purpose of driving significant social change in the principal areas of education, the environment, medical research and religion & spirituality; the Tiger Foundation, which he established in 1990 with other employees of Tiger Management; and The Blanche and Julian Robertson Family Foundation, created in memory of his parents as a community-focused foundation. Similarly, Mr. Robertson is the founder and benefactor of the Robertson Scholars Program which awards leadership scholarships for 144 students at Duke University and the University of North Carolina Chapel Hill.

About IMG

IMG Worldwide is a global sports, entertainment and media business, with nearly 3,000 employees operating in 30 countries. IMG's areas of expertise are diverse and wide ranging: IMG College; IMG's Joint Ventures in China, Brazil and India; IMG Media; IMG Events and Federations; IMG Fashion; IMG Models; IMG Art+Commerce; IMG Clients; IMG Academies; IMG Action Sports; IMG Consulting and IMG Licensing.

About 24 Hour Fitness

Headquartered in San Ramon, Calif., 24 Hour Fitness is the largest privately owned U.S. fitness club chain and a leading health club industry pioneer, serving nearly four million members in approximately 420 clubs. Founded in 1983 as a one-club operation, the company is dedicated to helping members change their lives and reach their individual fitness goals. With convenient club locations, personal training services, innovative group exercise classes and a variety of strength, cardio and functional training equipment - 24 Hour Fitness offers fitness solutions for everyone.

About ENK International

ENK International provides the forum for the fashion world to conduct business. It is the leading tradeshow organization serving the upscale fashion marketplace, including the men's, women's, accessories, footwear, and children's categories.

CONTACT:

George Sard/Anna Cordasco
Sard Verbinnen & Co
212-687-8080

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:   Entertainment  Other Sports  Other Entertainment  Health  Fitness & Nutrition  Retail  Communications  Fashion  Other Communications  Other Retail  Sports  General Health

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