Xponential Fitness, Inc. Appoints Chelsea A. Grayson to Board of Directors
October 21 2021 - 4:05PM
Business Wire
Grayson’s Appointment Establishes the Board’s
Independency, Expanding Current Board to Four Members
Xponential Fitness, Inc. (NYSE: XPOF) (“Xponential” or “the
Company”), a curator of leading boutique fitness brands, announced
that effective today Chelsea A. Grayson has been appointed to serve
as an independent director. Ms. Grayson will also serve on the
Company’s Audit Committee.
Mark Grabowski, Chairman of the Board of Xponential Fitness,
commented, “We are thrilled to welcome Chelsea to Xponential’s
Board of Directors. Chelsea is an experienced public company CEO
and board member for global companies. Her current role on the
board of Spark Networks, which, similar to that of Xponential, also
manages a portfolio of leading brands, should prove especially
beneficial. Chelsea will add an important perspective as we
continue to execute Xponential’s growth strategies.”
Anthony Geisler, CEO of Xponential Fitness, added, “I am honored
to welcome Chelsea to our Board. Chelsea’s deep experience growing
leading apparel and retail brands should be exceptionally helpful
to Xponential as we work to grow retail and merchandise sales
across our network of over 2,000 studios. I look forward to working
closely with Chelsea to continue our efforts to make boutique
fitness accessible to all.”
Ms. Grayson currently serves as an Executive-in-Residence at
Wunderkind (formerly BounceX), a leading marketing technologies
provider. Prior to her current role, Ms. Grayson served as CEO of
True Religion, Inc., a formerly public denim company based in Los
Angeles. Before True Religion, she was the CEO and a member of the
Board of Directors at American Apparel Inc., a formerly public,
vertically integrated apparel manufacturer also based in Los
Angeles, which Ms. Grayson ultimately helped to successfully sell
to Gildan Activewear Inc. Ms. Grayson began her career in the legal
space and was a partner in the M&A practice for Jones Day,
where she ran the firm’s M&A practice for the California
region.
Ms. Grayson currently serves on several other boards of
directors, including that of Spark Networks, Goodness Growth
Holdings and iHerb, and is Chairperson of the Board of Directors of
Lapmaster Group Holdings. She is a member of the UCLA Board of
Visitors in the English Department and a Board Leadership Fellow
with the National Association of Corporate Directors. Ms. Greyson
received her JD from Loyola Law School and a BA from the University
of California, Los Angeles.
About Xponential Fitness, Inc.
Founded in 2017 and headquartered in Irvine, California,
Xponential Fitness, Inc. (NYSE: XPOF) is a curator of leading
boutique fitness brands across multiple verticals. Through its
mission to make boutique fitness accessible to everyone, the
Company has built and curated a diversified platform of ten
boutique fitness brands spanning across verticals including
Pilates, indoor cycling, barre, stretching, rowing, dancing,
boxing, running, functional training and yoga. In partnership with
its franchisees, Xponential Fitness offers energetic, accessible,
and personalized workout experiences led by highly-qualified
instructors in studio locations across the 48 U.S. states and
Canada, and through master franchise or international expansion
agreements in 10 additional countries as of October 13, 2021.
Xponential Fitness' portfolio of brands includes Club Pilates, the
nation's largest Pilates brand; CycleBar, the nation's largest
indoor cycling brand; StretchLab, a concept offering one-on-one and
group stretching services; Row House, a high-energy, low-impact
indoor rowing workout; AKT, a dance-based cardio workout combining
toning, interval and circuit training; YogaSix, the largest
franchised yoga brand; Pure Barre, a total body workout that uses
the ballet barre to perform small isometric movements; STRIDE, a
treadmill-based cardio and strength training concept; Rumble, a
boxing-inspired full-body workout; and Body Fit Training, a
functional training and strength-based program. 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 financial performance. These
forward-looking statements include, but are not limited to,
statement relating to the execution of the Company’s growth
strategies. 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, the impact of COVID-19
pandemic on our business and franchisees; difficulties and
challenges in opening studios by franchisees; the ability of
franchisees to generate sufficient revenues; risks relating to
expansion into international market; and loss or reputation and
brand awareness; and other risks as described in the filings of
Xponential with the Securities and Exchange Commission, including
the Quarterly Report on Form 10-Q. 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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version on businesswire.com: https://www.businesswire.com/news/home/20211021005999/en/
Kimberly Esterkin Addo Investor Relations
investor@xponential.com (310) 829-5400
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