Business
XWELL, Inc. Appoints Suzanne Scrabis as Chief Financial Officer
NEW YORK, July 13, 2023 (GLOBE NEWSWIRE) -- XWELL, Inc. (Nasdaq: XWEL), an authority in health and wellness solutions for people on the go, today announced
About this update from Xwell, Inc.
[{"type":"text","content":"NEW YORK, July 13, 2023 (GLOBE NEWSWIRE) -- 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 of growth. “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 glo...