Xponential Fitness, Inc. (NYSE: XPOF) has announced the retirement of its Chief Executive Officer, Mark King, due to health reasons. King will continue to serve as CEO during the search process for a successor until his retirement. Under King's leadership, the company focused on stabilizing franchisee health, creating a customer-centric culture, and laying out a growth strategy.
The board of directors is conducting a succession planning process and has expressed gratitude for King's contributions and dedication. The company's upcoming analyst and investor day, scheduled for May 29, 2025, will feature presentations by key members of the management team, including the CFO, president of North America, and COO of North America.
Xponential Fitness, Inc. operates a platform of eight brands in various wellness verticals, including pilates, indoor cycling, barre, stretching, boxing, functional training, metabolic health, and yoga. Its portfolio of brands includes Club Pilates, CycleBar, StretchLab, YogaSix, Pure Barre, Rumble, BFT, and Lindora.
The company has franchise, master franchise, and international expansion agreements in 49 U.S. states, Puerto Rico, and 30 additional countries. Xponential offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations throughout the U.S. and internationally. Today the company's shares have moved -12.46% to a price of $8.605. If you want to know more, read the company's complete 8-K report here.
