EL SEGUNDO, CA–(BUSINESS WIRE)–The Beachbody Company, Inc. (NYSE: BODY) (the “Company” or “Beachbody”), a leading subscription-based health and wellness company, today announced the appointment of Ann Lundy as senior vice president of corporate finance and internal audit , announced Activision Blizzard as a member of the Board of Directors and Chair of the Audit Committee, effective January 3, 2023. The appointment of Ann Lundy to the Board of Directors reflects an expansion of the Board membership from seven to eight, of which five are independent .
Carl Daikeler, Beachbody’s Co-Founder, Chairman and Chief Executive Officer, said, “We are very pleased to welcome Ann to our Board of Directors. She is a solutions-oriented finance and strategy executive with over 25 years of experience in Fortune 500 and private equity companies. Ann has a proven track record and extensive finance, governance and supply chain experience that will be an exceptional resource as we leverage our growth opportunities to drive profitability and free cash flow generation.”
Ann Lundy is currently senior vice president of corporate finance and internal audit at Activision Blizzard, a developer and publisher of interactive entertainment content and services. Prior to her current role, Ann was Chief Audit Executive for the firm from 2019 to 2021 and Senior Vice President, Corporate Finance from 2021 to April 2022. Prior to Activision Blizzard, Ms. Lundy was a management consultant and senior vice president and chief accounting officer of Internet Brands, a company that operates online media, community and e-commerce sites. Prior to that, Ms. Lundy spent 15 years at Mattel in a variety of leadership roles, including senior vice president of finance & strategy, global development and product supply. At Mattel, Lundy provided financial and strategic leadership for the company’s supply chain function, led Mattel’s Global Enterprise Quality program and oversaw Mattel’s toy store operations. In addition, Ann held several internal audit and financial planning roles at The Walt Disney Company, where she built the company’s international labor standards program. Ms. Lundy earned a BS in Accounting from Oakland University.
“I’m thrilled to join the Beachbody Board of Directors and be a part of this amazing company that helps millions of people improve their health,” said Lundy. “I see a significant growth opportunity for the brand and look forward to contributing to its success.”
About The Beachbody Company, Inc.
Headquartered in Southern California, Beachbody is a leading digital fitness and nutrition subscription company with over two decades of experience creating innovative content and strong brands. The Beachbody Company is the parent company of the Beachbody On Demand (BOD) streaming platform, including its live digital streaming subscription BODi, and the company’s connected indoor bike, Beachbody Bike powered by MYXfitness. Visit TheBeachbodyCompany.com for more information.
This press release contains “forward-looking” statements within the meaning of the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that are not statements of historical fact or forward-looking statements. These statements include, but are not limited to, statements about the Company’s future performance and market opportunities, including expected fourth quarter and full year financial results, its business strategy, plans and objectives, and future operations. You can identify these statements by the use of words such as “believe”, “plan”, “expect”, “will”, “should”, “could”, “estimate”, “anticipate” or similar forward-looking words. You should not rely on these forward-looking statements because they involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
Forward-looking statements are based on various estimates, assumptions and information known to the Company as of the date of this release and are subject to risks and uncertainties. Accordingly, actual results could differ materially based on a variety of factors, including: the company’s ability to compete effectively in the fitness and nutrition industry; the ability to successfully acquire and integrate new operations; dependence on some key products; market conditions and global and economic factors beyond the Company’s control; intense competition and competitive pressures from other companies worldwide in the industries in which the company operates; and litigation, and the ability to adequately protect the Company’s intellectual property rights. For more information about the risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, and risks related to our business generally, please see the “Risk Factors” section of the Company’s filings at of the Securities and Exchange Commission (“SEC”), including the risks and uncertainties contained in Form 10-K filed with the SEC on March 1, 2022 and the Quarterly Reports on Form 10-Q filed on the Investor Relations Pages are available on the Beachbody website at https://investors.thebeachbodycompany.com and on the SEC website at www.sec.gov.
The events and circumstances reflected in the forward-looking statements may not occur or occur. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance or achievements. The Company undertakes no obligation to update these forward-looking statements for any reason after the date of this press release, or to conform these statements to actual results or revised expectations, except as required by law. Undue reliance should not be placed on forward-looking statements.
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