Xponential Fitness, Inc. Appoints Jair Clarke to Board of Directors
July 21 2022 - 4:05PM
Business Wire
Xponential Fitness, Inc. (NYSE: XPOF) (“Xponential” or “the
Company”), the largest global franchisor of boutique fitness
brands, announced that effective today, Jair Clarke has been
appointed to serve on the Company’s Board of Directors. Mr. Clarke
will also serve on the Company’s Audit and Human Capital Management
Committees.
Mark Grabowski, Chairman of the Board of Xponential Fitness,
commented, “Optimizing complex systems, data, and business
intelligence is an integral part of successfully scaling
Xponential’s global footprint. Given Jair’s current role as Global
Chief Technology Officer of Commercial Systems at Microsoft
Corporation and his prior senior digital leadership roles at Disney
and IBM, it’s hard to imagine anyone who could be a better fit for
the board.”
Anthony Geisler, CEO of Xponential Fitness, added, “Every day we
strive to put our global franchisees in a position to succeed in a
dynamic, fast-paced industry. Our board is constantly evolving to
ensure that we have the right skillsets to guide and oversee our
growth. Given how important technology is to Xponential and its
franchisees, I know I speak for all the other board members in
saying that we can’t wait to begin working with Jair.”
Mr. Clarke’s extensive experience across four Fortune 100
companies includes product management, digital transformation,
digital marketing, cybersecurity, data science, emerging technology
and experiences and worldwide innovation. Currently, he serves as
the Global Chief Technology Officer of Commercial Systems at
Microsoft Corporation. In this role, Mr. Clarke is responsible for
overseeing commercial systems, business intelligence and processes
across all industries for Microsoft Customers and Partner
Solutions’ over $100 billion business. Prior to his current role,
Mr. Clarke served as Executive, Business Strategy, Digital
Intelligence & Technology at the Walt Disney Company, where he
was responsible for Disney’s digital analytics, business strategy
technologies and roadmaps supporting the Chief Commercial Officer.
Before Disney, he was an IT & Business Development Executive at
IBM, and worked in IT at Lockheed Martin. Mr. Clarke holds a B.B.A.
degree in computer information systems from the University of
Miami. During his time at the University of Miami, he was a member
of the school’s football team, helping them achieve a national
championship title in 2001.
About Xponential Fitness, Inc.
Xponential Fitness, Inc. (NYSE: XPOF) is the largest global
franchisor of boutique fitness brands. Through its mission to make
boutique fitness accessible to everyone, the Company operates a
diversified platform of ten brands spanning across verticals
including Pilates, indoor cycling, barre, stretching, rowing,
dancing, boxing, running, functional training and yoga. In
partnership with its franchisees, Xponential offers energetic,
accessible, and personalized workout experiences led by highly
qualified instructors in studio locations across 48 U.S. states and
Canada, and through master franchise or international expansion
agreements in 12 additional countries. Xponential Fitness'
portfolio of brands includes Club Pilates, the nation's largest
Pilates brand; CycleBar, the nation's largest indoor cycling brand;
StretchLab, the largest assisted stretching brand in the United
States; 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 BFT, a functional training, and strength-based
program. For more information, please visit the Company’s website
at https://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 technology solutions and capabilities of
the Board of Directors. 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 the
COVID-19 pandemic on our business and franchisees; our
relationships with master franchisees and franchisees; 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; material weakness in our internal control over financial
reporting; and other risks as described in our SEC filings,
including our Annual Report on Form 10-K for the full year ended
December 31, 2021 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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version on businesswire.com: https://www.businesswire.com/news/home/20220721005126/en/
Kimberly Esterkin Addo Investor Relations
investor@xponential.com (310) 829-5400
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