Tobi Pearce steps down as chief executive of $400 million Sweat fitness empire

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Kayla Itsines’ ex-fiancé Tobi Pearce steps down as chief executive of their $400 million Sweat fitness empire after couple split and move on in new relationships










Tobi Pearce is stepping away from the Sweat business empire he founded alongside his ex fiancée Kayla Itsines.

The 29-year-old had served as chief executive of the brand ever since he and his former fiancée sold the business last July, according to the Adelaide Advertiser

Pearce called founding the popular Sweat fitness app, which last year sold for $400 million to a US software company, a ‘life-changing experience’.

Cashed-up: Tobi Pearce is stepping away from the Sweat business empire he founded alongside ex Kayla Itsines. Both pictured

Cashed-up: Tobi Pearce is stepping away from the Sweat business empire he founded alongside ex Kayla Itsines. Both pictured

The multimillionaire will stay on as an adviser for the company, but added that he is ‘open to all opportunities in the future’.

‘I’m also excited about spending more time with the people that are dear and close to me, and that includes my daughter Arna first and foremost.’

He shares his two-year-old daughter with 30-year-old Itsines, from whom he split in August 2020.

Moving on: The 29-year-old had served as chief executive of the brand ever since he and his former fiancée sold the business last July, according to the Adelaide Advertiser. Seen here with new girlfriend Rachel Dillon

Moving on: The 29-year-old had served as chief executive of the brand ever since he and his former fiancée sold the business last July, according to the Adelaide Advertiser. Seen here with new girlfriend Rachel Dillon

Last July, The Australian reported that the former couple enjoyed a ’50-50 split of proceeds’ from the $400 million Sweat sale.  

The former couple, who were together for eight years, co-founded the Bikini Body Training Company – later renamed Sweat – after meeting in late 2012.

The business partners sold their health and fitness empire to U.S. software giant iFIT Health & Fitness Inc for $400million, The Courier Mail reported.

In 2020, the Sweat app generated a staggering $99.5million in revenue, with the majority of sales coming from the American market.

New role: The multimillionaire will stay on as an adviser for the company, but added that he is 'open to all opportunities in the future'

New role: The multimillionaire will stay on as an adviser for the company, but added that he is ‘open to all opportunities in the future’

Pearce went Instagram official with his new girlfriend Rachel Dillon, 28, last month. 

Tobi shared a gallery of loved-up photos of the couple and told his 158,000 followers he had found ‘happiness’ with Rachel.

‘Happiness. I’m glad I stumbled upon you @RacheljDillon,’ he wrote. 

Itsines meanwhile recently debuted her new boyfriend Jai Woodroffe on social media. 

Case of the ex: Itsines meanwhile recently debuted her new boyfriend Jai Woodroffe on social media. Both pictured

Case of the ex: Itsines meanwhile recently debuted her new boyfriend Jai Woodroffe on social media. Both pictured

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