VersaClimber’s longtime executives take majority ownership, plan trainer education and product investment

VersaClimber announced on November 4 that longtime executives Shane Schieffer and Jim Siegrist had become majority owners. Schieffer became chief executive, while Siegrist became president and chief revenue officer. The founding Charnitski family kept a stake, and Mike Charnitski will advise on engineering, manufacturing and research and development.1,2

The company said it planned to expand trainer education, certification and programming. It also planned to invest in product development, digital experiences and customer support.1,2

VersaClimber said its existing team would remain in place and customer support would continue without interruption. It also planned to work more closely with people who use VersaClimber to shape future products and services.1,2