Xponential Fitness Provides Update on Leadership Transition
17 Maio 2024 - 6:15PM
Business Wire
Anthony Geisler Resigns as CEO
Xponential Fitness, Inc. (NYSE: XPOF) (“Xponential” or the
“Company”), today announced that Anthony Geisler has resigned as
Chief Executive Officer of Xponential. Brenda Morris will continue
to serve as Xponential’s Interim Chief Executive Officer.
The Board has initiated a search for the Company’s next CEO with
support from the previously retained leading executive search
firm.
“With Brenda serving as Interim CEO, we are confident that
Xponential is poised to continue to build on our successful track
record,” said Mark Grabowski, Chairman of Xponential. “Xponential’s
brands continue to resonate with consumers as evidenced by our
all-time high membership of 796,000 in April, up 1.7% sequentially
from March. We remain focused on ensuring a smooth transition
across our organization and continuing to serve our customers and
franchisees as we execute our growth strategy.”
About Xponential Fitness, Inc.
Xponential Fitness, Inc. (NYSE: XPOF) is one of the leading
global franchisors of boutique health and wellness brands. Through
its mission to make health and wellness accessible to everyone, the
Company operates a diversified platform of ten brands spanning
across verticals including Pilates, indoor cycling, barre,
stretching, rowing, dancing, boxing, strength training, metabolic
health, and yoga. In partnership with its franchisees, Xponential
offers energetic, accessible, and personalized workout experiences
led by highly qualified instructors in studio locations throughout
the U.S. and internationally, with franchise, master franchise and
international expansion agreements in 49 U.S. states and 22
additional countries. Xponential’s portfolio of brands includes
Club Pilates, the largest Pilates brand in the United States;
CycleBar, the largest indoor cycling brand in the United States;
StretchLab, the largest assisted stretching brand in the United
States offering one-on-one and group stretching services; Row
House, the largest franchised indoor rowing brand in the United
States; AKT, a dance-based cardio workout combining toning,
interval and circuit training; YogaSix, the largest yoga brand in
the United States; Pure Barre, a total body workout that uses the
ballet barre to perform small isometric movements, and the largest
Barre brand in the United States; Rumble, a boxing-inspired full
body workout; BFT, a functional training and strength-based
program; and Lindora, a leading provider of medically guided
wellness and metabolic health solutions. For more information,
please visit the Company’s website at xponential.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
based on current expectations, estimates, forecasts and projections
of future performance based on management's judgment, beliefs,
current trends, and anticipated product performance. These
forward-looking statements include, but are not limited to,
statements relating to the affirmation of previously-issued
guidance. Forward-looking statements involve risks and
uncertainties that may cause actual results to differ materially
from those contained in the forward-looking statements. These
factors include, but are not limited to, our relationships with
master franchisees, franchisees and international partners;
difficulties and challenges in opening studios by franchisees; the
ability of franchisees to generate sufficient revenues; risks
relating to expansion into international markets; loss of
reputation and brand awareness; general economic conditions and
industry trends; and other risks as described in our SEC filings,
including our Annual Report on Form 10-K for the full year ended
December 31, 2023, filed by Xponential with the SEC, and other
periodic reports filed with the SEC. Other unknown or unpredictable
factors or underlying assumptions subsequently proving to be
incorrect could cause actual results to differ materially from
those in the forward-looking statements. Although we believe that
the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, level of activity,
performance, or achievements. You should not place undue reliance
on these forward-looking statements. All information provided in
this press release is as of today’s date, unless otherwise stated,
and Xponential undertakes no duty to update such information,
except as required under applicable law.
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Investors Addo Investor Relations investor@xponential.com
(310) 829-5400 Media Joele Frank, Wilkinson Brimmer Katcher
Andi Rose / Lyle Weston / Maggie Carangelo media@xponential.com
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