Interactive Strength appoints Caleb Morgret as CFO

Interactive Strength (TRNR) announced that Caleb Morgret will join the Company as CFO, effective November 15, 2025. Morgret, an American, has spent the majority of his more than 20 years of finance experience in Europe. He is a fluent German speaker, which has been critical for the pending acquisition of Berlin-based Sportstech, and Mr. Morgret has been working with TRNR since September solely on the audit and financial workflows required to complete that acquisition. He is also based in Europe, which is the region that will generate substantially all of TRNR’s expected 2025 pro forma revenue of more than $80M, and so the Company is aligning its senior executives with the most substantial revenue drivers in the group. TRNR’s current CFO, Mike Madigan, will be stepping down following the release of TRNR’s third-quarter earnings on November 14, and Mr. Morgret will immediately take over the role.