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Scott Watterson

Scott Watterson

Title:  Chairman, CEO, & Co-Founder
Company:  ICON Health & Fitness, Inc.
Location:  Logan, Utah

Education

BS, Marketing, Utah State University, 1979

Huntsman School Interactions

Entrepreneur Leadership Series - Wednesday, February 20, 2013
Utah State University Board of Trustees Member
"Entrepreneurship Week" Keynote Speaker - April 8, 2011

Biography

Scott R. Watterson, Chairman and Chief Executive Officer, co-founded ICON Health & Fitness, Inc., in 1977. Together, Scott and co-founder Gary Stevenson have built ICON into the world’s largest manufacturer and marketer of fitness equipment, with sales reaching over $1 billion. In his role as Chairman and CEO, Scott served as the leader in product development, manufacturing, importation, marketing, sales and distribution of consumer products.

The company, headquartered in Logan, Utah, manufactures and markets equipment under the following company-owned brand names: NordicTrack, ProForm, HealthRider, Weslo, Weider, Image, and iFIT. ICON also licenses the Reebok and Gold’s Gym brands. ICON distributes products in nearly every possible retail channel including department stores, sporting goods stores, mass merchandisers, direct response, specialty catalogs and television shopping networks. ICON’s branded fitness equipment can be found in leading retailers such as Sears, Wal-Mart, Target, The Sports Authority, Dick’s Sporting Goods, Costco, and Home Shopping Network.

ICON recently expanded into the institutional fitness equipment market with its acquisition of FreeMotion Fitness, which designs, manufactures and markets strength and cardio equipment to health clubs, corporate wellness centers and training facilities. In fact, a complete circuit of the patented Free Motion strength training equipment is used by elite athletes at the training center for the United States Ski and Snowboard Team in Park City, the United States Olympic Training Center in Colorado Springs, and professional sports teams such as the Oakland Raiders, the Boston Red Sox and others.

ICON leads the fitness industry in innovation, and holds more than 200 patents and more than 500 trademarks. In early 2000, the company developed the first interactive Web site, iFIT.com, which enables fitness equipment to be controlled via patented iFIT technology and the Internet.

Among ICON’s numerous outstanding achievement awards, the world’s fitness leader was recently awarded 2000 Hardlines Vendor of the Year from Sears. ICON set the standard in the fitness industry when they were pronounced the first fitness company to be awarded the ISO 9001, an achievement they have re-earned every year for the last 11 years.

Scott graduated from Logan High School with a sports scholarship and later served as a full-time missionary in Taiwan for The Church of Jesus Christ of Latter-Day Saints. Upon completion of his mission, he graduated from Utah State University, Cum Laude, in 1979 with a degree in business marketing and a minor in Chinese. He received multiple business awards, including the Skaggs Outstanding Business Student Award and the Kiwanis Business Student of the Year Award. Scott was the recipient of INC. Magazine Entrepreneur of the Year for the Inter-Mountain Region in 1996. Scott served as Chairman of the Board for KUSU FM, Utah Public Radio. He has also served on the Board for Utah State University Foundation, the Board of Trustees for the Make-A-Wish Foundation of Utah and the Utah Foundation and is currently serving on the Utah State University Board of Trustees.

Scott has been married for 31 years to Michele, and together they have five children, three daughter-in-laws and three granddaughters.

Related Huntsman News Articles

Entrepreneur Leadership Series is Hosting Weekly Speakers (The Huntsman Post - February 2013)

Video

Lectures in Entrepreneurship: February 13, 2013