OneSpaWorld Completes Earlier Announced Management Changeover

NASSAU, Bahamas–(Business enterprise WIRE)–OneSpaWorld Holdings Limited (NASDAQ:OSW) (“OneSpaWorld,” or the “Company”), the pre-eminent world wide provider of health and fitness and wellness services and products on board cruise ships and in spot resorts about the globe, introduced that its earlier introduced leadership transitions will just take outcome nowadays, March, 31, 2021.

Glenn Fusfield, Main Govt Officer and member of the Board of Administrators, will retire nowadays immediately after 20 a long time of support. Glenn will continue on to serve as an impartial member of the Board of Administrators, and Leonard Fluxman, Govt Chairman and earlier Main Govt Officer of the Firm from 2001 by means of 2018, will suppose the title of Chief Government Officer when all over again.

As declared on September 16, 2020, Susan Bonner commenced her work as Main Commercial Officer of the Firm on October 13, 2020. In her position, Ms. Bonner is element of the executive leadership staff and has international obligation for overseeing the successful route, preparing and execution of all facets of OneSpaWorld’s profits and working initiatives to further more accelerate the Company’s progress prepare.

Marc Magliacano, OneSpaWorld Board member and Managing Associate of L Catterton, commented: “Today marks the completion of the CEO changeover we declared last September, and I want to personally thank Glenn for his important contributions above the earlier 20 decades at OneSpaWorld. We are delighted to have Leonard reassume the position of Main Government Officer, a job he held with the Corporation for 17 several years. We consider that Leonard’s continuing management as Government Chairman and Main Govt Officer, blended with the abilities of our expansive administration crew that now consists of Susan Bonner as Main Professional officer, positions the Firm to optimize the power of its huge running platform and leadership placement in the operation of health and fitness and wellness centers on board cruise ships, to just take OneSpaWorld to new heights as functions resume.”

Leonard Fluxman, Executive Chairman and Chief Govt Officer, commented: “Glenn is a extended-time partner and I am grateful for his know-how and contributions to the accomplishment of our Organization. I will miss out on functioning along with him and seem forward to benefiting from his insights as a member of the Board.”

Glenn Fusfield commented: “The previous 20 years have been extremely worthwhile for me, and I am honored to have worked with an outstanding staff. Alongside one another we have achieved and exceeded numerous goals, such as securing much more than 90% market place share in the operation of wellness and wellness centers on board cruise ships by offering exceptional general performance and innovation in services for our cruise line and location vacation resort associates and their buyers. I leave with great gratification in all that we have accomplished and I am delighted to be capable to carry on to lead as a member of the Board of Administrators. I continue being self-confident that the finest a long time lie forward for OneSpaWorld.”

About OneSpaWorld

OneSpaWorld is one particular of the major health and wellness solutions corporations in the entire world. OneSpaWorld’s distinguished spas supply attendees a thorough suite of quality well being, wellness, conditioning and natural beauty expert services, treatment options, and products and solutions, at present onboard 166 cruise ships and at 52 location resorts all over the entire world. OneSpaWorld retains a main market place placement in the intercontinental leisure industry constructed on its exceptional services criteria, expansive world-wide recruitment, schooling and logistics platforms, and a heritage of provider and merchandise innovation that has enhanced its guests’ individual care activities though vacationing for above 50 a long time.

On March 19, 2019, OneSpaWorld finished a sequence of mergers pursuant to which OSW Predecessor, comprised of immediate and oblique subsidiaries of Steiner Leisure Ltd., and Haymaker Acquisition Corp. (“Haymaker”), a particular purpose acquisition corporation, every became indirect wholly owned subsidiaries of OneSpaWorld. Haymaker is the acquirer and OSW Predecessor the predecessor, whose historic outcomes have turn into the historic benefits of OneSpaWorld.

Ahead-Searching Statements

This push launch incorporates “forward-on the lookout statements” in just the this means of the “safe harbor” provisions of the Personal Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Enterprise might vary from its real outcomes and as a result, you need to not count on these forward-hunting statements as predictions of future situations. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” or the detrimental or other versions thereof and identical expressions are meant to recognize these types of forward-seeking statements. These forward-hunting statements include things like, without limitation, expectations with respect to long run effectiveness of the Enterprise, which includes projected financial info (which is not audited or reviewed by the Company’s auditors), and the long term plans, operations and options for the Enterprise and other statements that are not historical facts. These statements are based mostly on the current expectations of the Company’s administration and are not predictions of genuine overall performance. These forward-on the lookout statements entail significant hazards and uncertainties that could lead to the precise outcomes to differ materially from the predicted effects. Things that may perhaps induce these types of distinctions contain, but are not restricted to: the influence of the COVID-19 pandemic on our enterprise and our success of procedure and liquidity for the foreseeable foreseeable future the demand for the Company’s companies together with the chance that the Organization may possibly be adversely impacted by other economic, organization, and/or aggressive elements or adjustments in the enterprise environment in which the Corporation operates adjustments in buyer tastes or the industry for the Company’s solutions variations in applicable regulations or laws the availability or opposition for prospects for enlargement of the Company’s organization difficulties of controlling development profitably the reduction of just one or far more members of the Company’s administration group reduction of a important customer and other dangers and uncertainties involved from time to time in the Company’s reviews (which includes all amendments to people reviews) filed with the SEC. The Firm cautions that the foregoing checklist of things is not exceptional. You ought to not place undue reliance on any forward-seeking statements, which speak only as of the date made. The Firm does not undertake or take any obligation or undertaking to launch publicly any updates or revisions to any forward-looking statements to replicate any improve in its anticipations or any modify in functions, conditions, or situation on which any this kind of assertion is based mostly, except as required by legislation. These forward-looking statements ought to not be relied upon as symbolizing the Company’s assessments as of any date subsequent to the day of this communication.