Big news coming out of South Florida’s business world: AirSculpt Technologies is on the lookout for a new CEO. Todd Magazine has stepped down from both his role as CEO and his position on the board of directors. Until they find a permanent replacement, Chief Financial Officer Dennis Dean will take over the reins as interim CEO.
This shake-up comes right after AirSculpt released its second-quarter earnings, which fell to $51 million—down 8.4% compared to last year. Not the kind of news you want to see, especially with Magazine stepping away right when the company’s revenue is facing some challenges.
Dean didn’t mince words about the situation. He acknowledged the disappointing results and the “challenging consumer spending environment” that’s affecting performance. But he’s also optimistic about the future. Dean highlighted that despite the dip in revenue, there’s still strong demand for AirSculpt’s body contouring procedures, and new locations that opened in 2023 are actually outperforming expectations.