Xponential Fitness (XPOF) has issued an update.
Xponential Fitness, Inc. CEO Anthony Geisler was suspended by the board and replaced with Brenda Morris as interim CEO. Despite his suspension, Geisler will retain his salary, while Morris’s new compensation details are pending. The company also faces an investigation by the U.S. Attorney’s Office, with a special committee appointed to handle the matter. A press release about these changes has been issued, and an executive search firm has been hired for CEO succession planning.
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