Xponential Fitness Board Launches Strategic Review with Jefferies, Appoints Nicole Haughey
Xponential Fitness initiated a Board-led review of strategic alternatives, including a potential sale, merger or other transactions, and has appointed Jefferies LLC as financial advisor. The company added former Fortune 50 executive Nicole Parent Haughey to its Board while three directors stepped down.
1. Strategic Review Initiated
Xponential Fitness’ Board of Directors has begun a comprehensive review of strategic alternatives aimed at maximizing shareholder value. The independent directors will evaluate options such as a sale, merger or other strategic and financial transactions to determine the optimal path forward.
2. Financial Advisor Engagement
To guide the evaluation process, the Board engaged Jefferies LLC as its financial advisor. Jefferies will support the company in assessing valuation, negotiating terms and identifying potential counterparties for any transaction.
3. Board Composition Changes
The Board appointed Nicole Parent Haughey as an independent director, leveraging her two decades of Wall Street and senior operating experience to drive value creation. Simultaneously, Jair Clarke, Chelsea A. Grayson and Bruce Haase resigned from the Board, reflecting a refreshed governance structure.