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IRVINE, Calif. - Xponential Fitness, Inc. (NYSE: XPOF) has appointed Lily Yang to its Board of Directors effective June 16, 2025, according to a company press release. Yang will also serve as Chair of the Audit Committee. According to InvestingPro data, the appointment comes at a crucial time as the company is expected to return to profitability this year, with analysts forecasting positive earnings.
Yang brings nearly 30 years of experience across technology, healthcare, and high-growth industries to the boutique fitness franchisor. She currently serves as Chief Financial Officer at Strava, Inc. and previously held the position of Chief Accounting Officer at Pinterest, Inc., where she played a key role in the company’s 2019 IPO.
Her prior experience includes Vice President of Finance and Accounting at Medivation and Vice President and Corporate Controller at Gilead Sciences. Yang holds a BS in Accounting and Managerial Information Systems from Boston University and is a Certified Public Accountant (inactive).
"Lily has extensive leadership experience in senior finance and accounting positions at companies in technology, healthcare, and other high growth industries," said Mark Grabowski, Chairman of the Board of Xponential.
Xponential Fitness operates as a franchisor of eight boutique fitness brands including Club Pilates, CycleBar, StretchLab, YogaSix, Pure Barre, Rumble, BFT, and Lindora. The company has franchise agreements in 49 U.S. states and 30 additional countries.
The information in this article is based on a press release statement from Xponential Fitness.
In other recent news, Xponential Fitness announced the impending retirement of its CEO, Mark King, due to health concerns. This leadership change has prompted the company’s Board of Directors to begin searching for a successor, while King will continue in his role until a replacement is found. In the meantime, Xponential Fitness held its annual stockholder meeting, where Mark Grabowski was elected as a Class I director, and Deloitte & Touche LLP was ratified as the independent auditor for 2025.
In terms of financial performance, Jefferies analyst Randal Konik adjusted the price target for Xponential Fitness to $26, down from $32, while maintaining a Buy rating on the stock. This follows the company’s first-quarter results, which showed a normalization in growth with same-store sales increasing by 4%, and membership numbers rising by double digits. Meanwhile, Stifel analysts reiterated a Hold rating with a $12 price target, noting the company’s efforts to support franchisees and address underperforming brands.
The analyst firm suggested that Xponential Fitness might explore strategic options for its StretchLab brand due to structural challenges. As the company continues its strategic initiatives, investors are closely watching for signs of stability and growth under the evolving leadership.
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