XpresSpa Group Board of Directors Elects Chairman
March 05 2018 - 8:00AM
XpresSpa Group Inc. (Nasdaq:XSPA), a health and wellness holding
company, today announced that its Board of Directors has elected
Bruce T. Bernstein as Chairman of the Board.
Mr. Bernstein has served on XpresSpa’s Board since
February 2016, and as an independent director of the audit and
compensation committees. Mr. Bernstein provides over thirty
years of broad global business experience. Mr. Bernstein’s
experience spans both startups and public companies across the
domains of finance, deal structure, supply chain and
branding.
Andrew Perlman, Chief Executive Officer of XpresSpa
Group, said, ”Bruce’s counsel, judgement, leadership and operating
experience over the past two years have been proven to be
particularly valuable as we focus on expanding our footprint and
driving toward profitability in the health and wellness space. The
Board and I are extremely pleased Bruce agreed to accept this
position.”
Mr. Bernstein said, “This is an exciting time in
the growth history of XpresSpa. I look forward to continuing to
work with the management team to guide our operations and strategy
execution. Additionally, focus will be placed on proven strategies
that will unlock growth and faster margin progression, all
laddering up to achieving long-term growth and sustainable value
creation that will enhance shareholder value.”
In previous filings and conference calls, XpresSpa
Group has made clear its intentions to become a focused health and
wellness company. Mr. Bernstein will work with the management
team to assist in simplifying operations as it sheds its non-core
assets, growth and operational planning, and delivering greater
organizational flexibility in a cost-efficient manner.
About XpresSpa Group,
Inc.XpresSpa Group, Inc. (Nasdaq:XSPA) is a health and
wellness holding company. XpresSpa Group’s core asset, XpresSpa, is
the world’s largest airport spa company, with 57 locations in 23
airports globally (as of January 8, 2018), including a one
off-airport spa at Westfield World Trade Center in New York City.
XpresSpa offers services that are tailored specifically to the busy
customer. XpresSpa is committed to providing exceptional customer
experiences with its innovative premium spa services, as well as
exclusive luxury travel products and accessories. XpresSpa serves
almost one million customers per year at its locations in the
United States, Holland, and the United Arab Emirates. XpresSpa
Group’s non-core assets include Group Mobile, Infomedia and
intellectual property assets. To learn more about XpresSpa Group,
visit: www.XpresSpaGroup.com. To learn more about XpresSpa, visit
www.XpresSpa.com.
ContactsXpresSpa Group Jody
Burfening/Carolyn Capaccio LHA 212.838.3777 xspa@lhai.com
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