BUZZ-Xponential Fitness CEO Mark King announces retirement; shares fall

Reuters
15 May
BUZZ-Xponential Fitness CEO Mark King announces retirement; shares fall

** Shares of boutique fitness franchiser Xponential Fitness XPOF.N down as much as 21.2% at $7.75 in early trading

** Co announces CEO Mark King to retire due to health reasons

** Says King will continue to serve as CEO while co searches for his successor

** King was appointed in his role in June last year and had previously served as CEO of Yum Brands-owned YUM.N Taco Bell

** Including session's moves, stock has fallen ~40% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10