Xponential Fitness rises on naming former Taco Bell chief Mark King as CEO

Xponential Fitness

17/06/2024 15:11

** Shares of boutique fitness chain operator Xponential
Fitness  XPOF.N  jump nearly 24% at $13.98 in early trade
    ** Company appoints Mark King as CEO, effective immediately 
    ** King served as CEO of Yum Brands-owned  YUM.N  Taco Bell,
most recently
    ** XPOF's interim CEO Brenda Morris will step down from
position and continue as a board member, company says
    ** Stock set for its best intraday session since March 1
    ** In May, XPOF suspended former CEO Anthony Geisler amid a 
probe by the U.S. Securities and Exchange Commission
    ** Including session's moves, stock up 9% this year
    

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com))