AirSculpt Technologies Names Yogi Jashnani Chief Executive Officer
AirSculpt Technologies (NASDAQ:AIRS) has appointed Yogi Jashnani as Chief Executive Officer and Board member, effective January 7, 2025. Jashnani succeeds Interim CEO Dennis Dean, who will continue as Chief Financial Officer. With over two decades of experience, Jashnani joins from Sky Zone where he served as Chief Revenue Officer.
Previously, as Chief Commercial Officer at Ideal Image, Jashnani drove growth through loyalty programs and new services. His experience includes executive roles at Advance Auto Parts, where he doubled eCommerce revenue, and Capital One Financial Services. The appointment aims to capitalize on AirSculpt's market position in premium body contouring procedures.
Jashnani's priorities will focus on accelerating same-center sales growth, enhancing operational efficiencies, and maximizing the potential of the AirSculpt method.
AirSculpt Technologies (NASDAQ:AIRS) ha nominato Yogi Jashnani come Amministratore Delegato e membro del Consiglio di Amministrazione, con effetto dal 7 gennaio 2025. Jashnani succede all'Amministratore Delegato ad interim Dennis Dean, che continuerà nel ruolo di Direttore Finanziario. Con oltre vent'anni di esperienza, Jashnani proviene da Sky Zone, dove ha ricoperto il ruolo di Direttore delle Entrate.
In precedenza, come Direttore Commerciale di Ideal Image, Jashnani ha guidato la crescita attraverso programmi di fidelizzazione e nuovi servizi. La sua esperienza include ruoli dirigenziali in Advance Auto Parts, dove ha raddoppiato le entrate eCommerce, e Capital One Financial Services. La nomina mira a capitalizzare la posizione di mercato di AirSculpt nelle procedure di contorno del corpo premium.
Le priorità di Jashnani si concentreranno sull'accelerazione della crescita delle vendite nei centri esistenti, sul miglioramento dell'efficienza operativa e sul massimizzare il potenziale del metodo AirSculpt.
AirSculpt Technologies (NASDAQ:AIRS) ha nombrado a Yogi Jashnani como Director Ejecutivo y miembro de la Junta, efectivo el 7 de enero de 2025. Jashnani sucede al Director Ejecutivo interino Dennis Dean, quien continuará como Director Financiero. Con más de dos décadas de experiencia, Jashnani llega de Sky Zone, donde se desempeñó como Director de Ingresos.
Anteriormente, como Director Comercial en Ideal Image, Jashnani impulsó el crecimiento a través de programas de lealtad y nuevos servicios. Su experiencia incluye roles ejecutivos en Advance Auto Parts, donde duplicó los ingresos del comercio electrónico, y Capital One Financial Services. La nominación tiene como objetivo capitalizar la posición de mercado de AirSculpt en los procedimientos de contorno corporal premium.
Las prioridades de Jashnani se centrarán en acelerar el crecimiento de ventas en los mismos centros, mejorar la eficiencia operativa y maximizar el potencial del método AirSculpt.
AirSculpt Technologies (NASDAQ:AIRS)는 Yogi Jashnani를 CEO 및 이사회 멤버로 임명한다고 2025년 1월 7일부로 발표했습니다. Jashnani는 CEO 직무대행인 Dennis Dean의 뒤를 이어 소임을 맡으며, Dean은 CFO로 계속 활동할 예정입니다. 20년 이상의 경력을 가진 Jashnani는 Sky Zone에서 수익 책임자로 활동했습니다.
이전에는 Ideal Image의 상업책임자로서 로열티 프로그램과 새로운 서비스를 통해 성장을 이끌었습니다. 그는 Advance Auto Parts에서 전자상거래 수익을 두 배로 늘린 경험과 Capital One Financial Services에서의 경영 역할을 가지고 있습니다. 이번 임명은 AirSculpt의 프리미엄 바디 컨투어링 시술에서의 시장 위치를 활용하기 위한 것입니다.
Jashnani의 우선 사항은 같은 센터 내 매출 성장 가속화, 운영 효율성 향상, AirSculpt 방법의 잠재력 극대화에 중점을 둘 것입니다.
AirSculpt Technologies (NASDAQ:AIRS) a nommé Yogi Jashnani au poste de Directeur Général et membre du Conseil d'Administration, à compter du 7 janvier 2025. Jashnani succède au Directeur Général par intérim Dennis Dean, qui continuera à exercer les fonctions de Directeur Financier. Fort de plus de vingt ans d'expérience, Jashnani arrive de Sky Zone, où il était Directeur des Revenus.
Auparavant, en tant que Directeur Commercial chez Ideal Image, Jashnani a favorisé la croissance grâce à des programmes de fidélisation et de nouveaux services. Son expérience comprend des postes de direction chez Advance Auto Parts, où il a doublé les revenus du commerce électronique, et chez Capital One Financial Services. Cette nomination vise à capitaliser sur la position de marché d'AirSculpt dans les procédures de remodelage corporel haut de gamme.
Les priorités de Jashnani se concentreront sur l'accélération de la croissance des ventes dans les mêmes centres, l'amélioration de l'efficacité opérationnelle et la maximisation du potentiel de la méthode AirSculpt.
AirSculpt Technologies (NASDAQ:AIRS) hat Yogi Jashnani zum CEO und Mitglied des Vorstands ernannt, und zwar mit Wirkung zum 7. Januar 2025. Jashnani folgt dem Interim-CEO Dennis Dean nach, der weiterhin als CFO tätig bleibt. Mit über zwei Jahrzehnten Erfahrung wechselt Jashnani von Sky Zone, wo er als Chief Revenue Officer tätig war.
Zuvor war er als Chief Commercial Officer bei Ideal Image tätig, wo er das Wachstum durch Treueprogramme und neue Dienstleistungen vorantrieb. Zu seinen Erfahrungen gehören Führungsrollen bei Advance Auto Parts, wo er den E-Commerce-Umsatz verdoppelte, sowie bei Capital One Financial Services. Die Ernennung zielt darauf ab, die Marktposition von AirSculpt im Bereich Premium Körperskulptur zu nutzen.
Jashnanis Prioritäten werden sich auf die Beschleunigung des Umsatzwachstums in den bestehenden Zentren, die Verbesserung der Betriebseffizienz und die Maximierung des Potenzials der AirSculpt-Methode konzentrieren.
- Appointment of experienced executive with proven track record in revenue growth
- New CEO brings specific expertise in marketing, technology, and operational strategies
- Previous success in implementing loyalty programs and e-commerce growth
- Strategic focus on same-center sales growth and operational efficiencies
- Implies need for operational improvement and sales stabilization
- Recent requirement for 'back-to-basics' approach suggests previous operational issues
Insights
The appointment of Yogi Jashnani as CEO of AirSculpt Technologies represents a strategic shift in leadership, bringing valuable experience from the aesthetics and retail sectors. His track record at Ideal Image is particularly relevant, where he successfully implemented a loyalty membership program and expanded service offerings. The body contouring market presents significant growth opportunities, with AirSculpt positioned to capitalize on increasing consumer demand for aesthetic procedures.
Jashnani's expertise in digital marketing and technology-driven growth strategies could help modernize AirSculpt's approach to customer acquisition and retention. His experience in developing membership models and scaling operations across multiple locations aligns well with AirSculpt's growth objectives. However, the immediate challenge will be stabilizing same-center sales growth and improving operational efficiencies in a competitive market landscape.
From a financial perspective, this leadership transition comes at a important time for AirSculpt. The company's recent "back-to-basics" approach under interim CEO Dennis Dean has already improved the expense base, providing a foundation for potential growth. Jashnani's experience in driving revenue growth and operational efficiencies at both Ideal Image and Advance Auto Parts suggests potential for improved financial performance.
The focus on same-center sales growth and operational efficiencies indicates a disciplined approach to value creation. However, investors should monitor the execution of these strategies and their impact on margins and profitability. The transition period will be critical as new initiatives are implemented, with any benefits likely to materialize in the medium term.
MIAMI BEACH, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- AirSculpt Technologies, Inc. (NASDAQ:AIRS) (“AirSculpt” or the “Company”), an industry leader and provider of premium body contouring procedures, today announced the appointment of Yogi Jashnani as Chief Executive Officer (“CEO”) and a member of the Board of Directors. He succeeds Dennis Dean, Interim Chief Executive Officer and Chief Financial Officer who will continue as Chief Financial Officer, all effective January 7, 2025.
A highly-talented, results oriented executive with an accomplished career spanning more than two decades, Mr. Jashnani has architected successful transformations for public and private companies in the aesthetics, retail and finance industries with particular strengths developing, executing and leading marketing, technology, and operational strategies that drove consistent revenue and profit growth. Mr. Jashnani comes to AirSculpt from Sky Zone where he was Chief Revenue Officer and prior to this he held executive roles at Ideal Image, Advance Auto Parts and Capital One Financial Services.
Dr. Aaron Rollins, Executive Chairman of the Board, stated: “Yogi is the perfect choice to lead AirSculpt as CEO. He has demonstrated a deep understanding of our consumer and possesses a proven track record creating the strategies and empowering organizations with the tools and skill sets that delivered meaningful revenue and profit growth. I am confident in his ability to increase value for our Company and shareholders as we more fully capitalize on the inherent strengths of AirSculpt, including our positive performance record, the proprietary technology we possess, and the large addressable market in which we participate. I also want to thank Dennis for his many contributions over the past few months as Interim Chief Executive Officer and Chief Financial Officer. His swift actions to a back-to-basics approach improved our expense base and the foundation to more powerfully grow AirSculpt.”
Yogi Jashnani, commented: “I am thrilled to join AirSculpt as its CEO and lead the Company into its next phase of growth. AirSculpt’s innovative technology, strong consumer appeal, and significant market opportunities are a powerful foundation for creating lasting value. My priorities will focus on stabilizing and accelerating same-center sales growth, enhancing operational efficiencies, and unlocking the full potential of the AirSculpt method. I am confident we can enhance AirSculpt’s position in body contouring while achieving exceptional results for our customers, employees, and shareholders.”
Commenting on the announcement, Dennis Dean, Interim Chief Executive Officer and Chief Financial Officer remarked: “We are excited to attract Yogi to AirSculpt as CEO. I have been honored to lead the Company over the past few months and I am eager to partner with Yogi and the rest of the AirSculpt team as we begin our next chapter and implement the strategy that takes our business to a much higher level of growth and profitability.”
Mr. Jashnani most recently served as Chief Revenue Officer for Sky Zone, a national leader in indoor active entertainment with over 270 trampoline parks. From 2019 through 2023, he served as Chief Commercial Officer of Ideal Image, America’s #1 Medical Aesthetics provider specializing in laser hair removal, non-invasive fat reduction and skin rejuvenation with over 170 locations nationwide both corporately owned and franchised. While at Ideal Image, Mr. Jashnani drove revenue and profit growth through the creation of its loyalty membership program, the introduction of new aesthetic services and skincare products and the transition of the company’s operations to a national direct to consumer business model.
From fiscal 2017 through 2019, Mr. Jashnani held the position of SVP, Marketing, Insights and Analytics of Advance Auto Parts, a leading automotive aftermarket parts provider in North America that serves the professional installer and do-it-yourself customers operating more than 4,780 stores. During his tenure at Advance Auto Parts, Mr. Jashnani improved retail traffic, nearly doubled eCommerce revenue and improved operating income of the channel to be accretive to the enterprise. Prior to this, Mr. Jashnani was Vice President at Capital One where he was responsible for digital marketing, marketing technology, and marketing analytics for US credit cards.
About AirSculpt
AirSculpt offers a next-generation body contouring treatment designed to optimize both comfort and precision, available exclusively at its 31 centers in North America and one location in the United Kingdom. The Company’s minimally invasive procedure removes fat and tightens skin, while sculpting targeted areas of the body, allowing for quick healing with minimal bruising, tighter skin, and precise results.
To learn more about AirSculpt Technologies, please visit the Company's website at https://investors.elitebodysculpture.com. AirSculpt Technologies uses its website as a channel of distribution for material Company information. Financial and other material information regarding AirSculpt Technologies is routinely posted on the Company's website and is readily accessible.
Forward-Looking Statements
This press release contains forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements, which are subject to risks, uncertainties, and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies, and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. You are cautioned that there are important risks and uncertainties, many of which are beyond our control, that could cause our actual results, level of activity, performance, or achievements to differ materially from the projected results, level of activity, performance or achievements that are expressed or implied by such forward-looking statements. We qualify all of our forward-looking statements by these cautionary statements, including those factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K.
Our future results could be affected by a variety of other factors, including, but not limited to, failure to open and operate new centers in a timely and cost-effective manner; inability to open new centers due to rising interest rates and increased operating expenses due to rising inflation; increased competition in the weight loss and obesity solutions market, including as a result of the recent regulatory approval, increased market acceptance, availability and customer awareness of weight-loss drugs; shortages or quality control issues with third-party manufacturers or suppliers; competition for surgeons; litigation or medical malpractice claims; inability to protect the confidentiality of our proprietary information; changes in the laws governing the corporate practice of medicine or fee-splitting; changes in the regulatory, macroeconomic conditions, including inflation and the threat of recession, economic and other conditions of the states and jurisdictions where our facilities are located; and business disruption or other losses from war, pandemic, terrorist acts or political unrest.
The risk factors discussed in “Item 1A. Risk Factors” in our Annual Report on Form 10-K and in other filings we make from time to time with the U.S. Securities and Exchange Commission could cause our results to differ materially from those expressed in the forward-looking statements made in this press release.
There also may be other risks and uncertainties that are currently unknown to us or that we are unable to predict at this time.
Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Forward-looking statements represent our estimates and assumptions only as of the date they were made, which are inherently subject to change, and we are under no duty and we assume no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated after the date of this press release to conform our prior statements to actual results or revised expectations, except as required by law. Given these uncertainties, investors should not place undue reliance on these forward-looking statements.
Investor Contact
Allison Malkin
ICR, Inc.
airsculpt@icrinc.com
FAQ
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