Business Leaders - Oren Peleg

Oren Peleg is the former CEO of Fitness First, the largest privately owned health club group in the world. After beginning his career at Citibank, Oren worked at McKinsey and Terra Firma before joining Oaktree Capital, a leading investment management firm. After helping Oaktree to establish its European business, Oren joined a struggling Fitness First as Chairman following its takeover in 2012. He was credited with leading the successful turnaround of the chain, which has 360 clubs worldwide and over 927,000 members in 16 countries. In this in-depth interview, Oren explains why you should hire people more intelligent than you; gives his reasons for encouraging his employees to make mistakes; and stresses the importance of understanding different cultures when running a global business.