XWELL, Inc. Names Valerie Lightfoot Chief Financial Officer
XWELL, Inc. (Nasdaq: XWEL), an authority in health and wellness
solutions for people on the go, today announced that Valerie
Lightfoot has been named Chief Financial Officer, effective June
12, 2023. Ms. Lightfoot joins XWELL with over 25 years of financial
leadership experience. During her career, she has helped companies
successfully execute organic growth initiatives, integrate
acquisitions as well as implement process improvements and achieve
“We are extremely pleased to welcome Valerie
Lightfoot as our new Chief Financial Officer,” commented Scott
Milford, XWELL’s Chief Executive Officer. “Valerie is a talented
executive with a wealth of financial experience and operating
expertise across a variety of industry sectors. I’m confident she
will help us in achieving XWELL’s operating goals and we look
forward to her contributions to our leadership team.”
Ms. Lightfoot succeeds Omar Haynes, who has been
diligently serving as Interim Chief Financial Officer since June
2022. Mr. Haynes will remain with the Company and resume his former
role at Vice President, Finance and Treasury. “I want to personally
thank Omar for stepping into the Interim role and helping to
advance our core strategies during these past months,” commented
Prior to joining XWELL, Ms. Lightfoot served as
CFO for Green River Spirits—a leading manufacturer of spirit brands
and home to one of Kentucky’s oldest whiskey distilleries, until it
was acquired in 2022. Previously, as CFO for medical device
supplier Belimed, she helped drive disciplined growth and favorable
operating earnings. Prior, she had served as Director of Product
Finance for Blackbaud, a leading cloud software company powering
social good, and held several senior management roles for J Three
Consulting, a CFO consulting and services firm. Prior, Ms.
Lightfoot was CFO for not-for-profit Alliant Credit Union and spent
five years at DX, a global provider of technology enabled business
solutions and services. She began her professional career at Baxter
Ms. Lightfoot holds an MBA in Management from
Kellogg School of Management at Northwestern University and a BS in
finance from the University of Colorado, Boulder.
About XWELL, Inc.
XWELL, Inc. (Nasdaq: XWEL) is a leading
global health and wellness holding company operating four brands:
XpresSpa®, Treat, XpresCheck® and HyperPointe™
- XpresSpa is a
leading airport retailer of wellness services and related products,
with 35 locations in 15 airports globally.
- Treat is a
travel health and wellness brand and a fully integrated concept
blending technology with traditional brick and mortar offerings to
provide a holistic approach to physical and mental well-being for
- XpresCheck is a
provider of screening and diagnostic testing in partnership with
the CDC and Concentric by Ginkgo, conducting bio-surveillance
monitoring in its airport locations to identify new SARS-CoV2
variants of interest and concern as well as other pathogens
entering the country from across the world.
- HyperPointe is a
leading digital healthcare and data analytics relationship company
serving the global healthcare industry.
This press release may contain "forward-looking"
statements within the meaning of Section 27A of the Securities Act
of 1933, and Section 21E of the Securities Exchange Act of 1934.
These include statements preceded by, followed by or that otherwise
include the words "believes," "expects," "anticipates,"
"estimates," "projects," "intends," "should," "seeks," "future,"
"continue," or the negative of such terms, or other comparable
terminology. Forward-looking statements relating to expectations
about future results or events are based upon information available
to XWELL as of today's date and are not guarantees of the future
performance of the Company, and actual results may vary materially
from the results and expectations discussed. Additional information
concerning these and other risks is contained in the Company’s
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K, and other Securities and Exchange
Commission filings (which reports were filed under the Company’s
former name, XpresSpa Group, Inc., prior to its previously
announced name change effective October 25, 2022). All subsequent
written and oral forward-looking statements concerning XWELL, or
other matters and attributable to XWELL or any person acting on its
behalf are expressly qualified in their entirety by the cautionary
statements above. XWELL does not undertake any obligation to
publicly update any of these forward-looking statements to reflect
events or circumstances that may arise after the date hereof.
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