The appointment of Grayson establishes the independence of the Board of Directors and expands the current Board of Directors to four members
IRVINE, Calif., October 21, 2021 – (BUSINESS WIRE) – Xponential Fitness, Inc. (NYSE: XPOF) (“Xponential” or “the Company”), a curator of leading boutique fitness brands, announced it effective today Chelsea A. Grayson has been appointed 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 very excited to welcome Chelsea to the Xponential Board of Directors. Chelsea is a seasoned CEO of public companies and a board member for global corporations. Her current position on the board of directors of Spark Networks, who, like Xponential, also manages a portfolio of leading brands, should prove particularly beneficial. Chelsea will add an important perspective as we continue to implement Xponential’s growth strategies. “
“2,000 studios. I look forward to working closely with Chelsea to continue our efforts to bring boutique fitness to everyone. “
Ms. Grayson is currently Executive-in-Residence at Wunderkind (formerly BounceX), a leading provider of marketing technology. Prior to her current position, Ms. Grayson was CEO of True Religion, Inc., a former Los Angeles-based denim company. Prior to True Religion, she was CEO and a member of the board of directors of American Apparel Inc., a former publicly traded, vertically integrated apparel manufacturer also based in Los Angeles, which Ms. Grayson eventually successfully sold to Gildan Activewear Inc. Ms. Grayson began her legal career and was a partner in Jones Day’s M&A practice where she led the firm’s M&A practice for the California area.
The story goes on
Ms. Grayson currently serves on several other boards of directors, including that of Spark Networks, Goodness Growth Holdings, and iHerb, and is Chair 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 of 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.
Xponential Fitness, Inc. (NYSE: XPOF) was founded in 2017 and is headquartered in Irvine, California. 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 various industries including pilates, indoor cycling, barre, stretching, rowing, dancing, boxing , Running, functional training and yoga. In collaboration with its franchisees, starting October 13th, Xponential Fitness is offering energetic, accessible, and personalized training experiences led by highly qualified trainers at studio locations in the 48 US states and Canada, and through master’s franchise or international expansion agreements in 10 other countries , 2021. Xponential Fitness’ portfolio of brands includes Club Pilates, the largest Pilates brand in the country; CycleBar, the country’s largest indoor cycling brand; StretchLab, a concept that offers individual and group stretch services; Row House, a high-energy, gentle indoor rowing workout; AKT, a dance-based cardio workout that combines muscle building, interval and circuit training; YogaSix, the largest yoga franchise brand; Pure Barre, a full-body workout that uses the ballet barrow 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 training 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, projections and projections of future performance based on estimates, beliefs, current trends and expected financial performance of management. These forward-looking statements include, among other things, statements relating to the implementation of the company’s growth strategies. Forward-looking statements involve risks and uncertainties that could 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 our franchisees; Difficulties and challenges with franchisees opening studios; the ability of the franchisee to generate sufficient income; Risks associated with expanding into the international market; and loss or reputation and brand awareness; and other risks as described in Xponential’s filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q. Other unknown or unpredictable factors or underlying assumptions that later prove to be incorrect could cause actual results to differ materially from the forward-looking statements. Although we believe that the expectations expressed in the forward-looking statements are reasonable, we cannot guarantee future results, activities, performance or success. You should not place undue reliance on these forward-looking statements. All information in this press release is as of today unless otherwise stated and Xponential undertakes no obligation to update this information unless required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005999/en/
contacts
Kimberly Esterkin
Addo Investor Relations
investor@xponential.com
(310) 829-5400
