XWELL, Inc. Appoints Suzanne Scrabis as Chief Financial Officer
XWELL, Inc. (Nasdaq: XWEL), an authority in health and wellness
solutions for people on the go, today announced the appointment of
Suzanne A. Scrabis as Chief Financial Officer of the Company,
effective July 10, 2023. Suzanne brings to the Company more than 25
years of deep financial and operating experience across all stages
“As CFO of MAVERICK Technologies for over a
decade, Suzanne has an established track record of driving
profitable growth, seamlessly integrating acquisitions and
efficiently operating companies at scale,” commented Scott Milford,
XWELL’s Chief Executive Officer. “She’s an excellent choice as
XWELL’s new CFO and we believe her financial leadership and growth
mindset will be of great value to the Company as we continue to
execute strategies to achieve sustainable profitability. We intend
to fully leverage her unique combination of operations and
financial expertise to help XWELL advance efforts to diligently and
thoughtfully remove cost from our business without compromising the
Company’s ability to build long-term profitability through
innovation and acquisition. I’m thrilled to welcome Suzanne to our
management team, and we look forward to working with her to drive
meaningful results for the Company and its stakeholders.”
Ms. Scrabis served as Chief Financial Officer
for MAVERICK Technologies Holdings, LLC, a privately held
independent systems integrator based in Columbia, Illinois from
2006 to December 2019. As CFO, she helped lead the acquisition of
MAVERICK Technologies by Rockwell Automation and, in 2020,
transitioned into a Program Manager role at Rockwell Automation.
Before that, she served as the Director of Operations at MAVERICK
Technologies from 2003 to 2006. Ms. Scrabis also served from 2001
to 2003 as the Director of Logics for Aurora Foods, a packaged
foods manufacturing company that was subsequently acquired by
Pinnacle Foods in 2004. Prior, she served at Ernst & Young as a
senior asset manager for the Pacific and New York Metro regions
from 1996 to 2001.
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 34 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.
MediaHeather Tidwell MWW
A photo accompanying this announcement is available at
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