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The Joint Corp. Appoints Sanjiv Razdan President and Chief Executive Officer

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The Joint Corp. (NASDAQ: JYNT) has appointed Sanjiv Razdan as its new President and Chief Executive Officer, effective October 14, 2024. Razdan will also join the company's Board of Directors. This announcement coincides with the resignation of Peter D. Holt from his positions as President, CEO, and director.

Razdan brings extensive experience in consumer services and franchise business leadership, having worked with successful organizations such as YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf, and Sweetgreen. His expertise lies in brand building, culture championing, and driving innovation for sustainable growth.

The Joint Corp., the largest franchisor of chiropractic care in the United States through The Joint Chiropractic® network, aims to leverage Razdan's experience to shape its next growth phase and enhance its market position in routine and affordable chiropractic care.

The Joint Corp. (NASDAQ: JYNT) ha nominato Sanjiv Razdan come nuovo Presidente e Amministratore Delegato, con effetto dal 14 ottobre 2024. Razdan entrerà anche a far parte del Consiglio di Amministrazione dell'azienda. Questo annuncio coincide con le dimissioni di Peter D. Holt dalle sue cariche di Presidente, CEO e direttore.

Razdan porta con sé una vasta esperienza nei servizi al consumatore e nella leadership di business in franchising, avendo collaborato con organizzazioni di successo come YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf e Sweetgreen. La sua expertise si concentra nella costruzione del marchio, nel promuovere una cultura aziendale forte e nel guidare l'innovazione per una crescita sostenibile.

The Joint Corp., il più grande franchisor di assistenza chiropratica negli Stati Uniti attraverso la rete The Joint Chiropractic®, mira a sfruttare l'esperienza di Razdan per plasmare la sua prossima fase di crescita e migliorare la sua posizione sul mercato nell'assistenza chiropratica routinaria e accessibile.

The Joint Corp. (NASDAQ: JYNT) ha designado a Sanjiv Razdan como su nuevo Presidente y Director Ejecutivo, con efecto a partir del 14 de octubre de 2024. Razdan también se unirá a la Junta Directiva de la empresa. Este anuncio coincide con la renuncia de Peter D. Holt de sus cargos como Presidente, CEO y director.

Razdan aporta una amplia experiencia en servicios al consumidor y liderazgo en negocios de franquicias, habiendo trabajado con organizaciones exitosas como YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf, y Sweetgreen. Su experiencia se centra en la construcción de marca, la promoción de la cultura y el impulso de la innovación para un crecimiento sostenible.

The Joint Corp., el mayor franquiciante de atención quiropráctica en Estados Unidos a través de la red The Joint Chiropractic®, busca aprovechar la experiencia de Razdan para dar forma a su próxima fase de crecimiento y mejorar su posición en el mercado de atención quiropráctica accesible y rutinaria.

The Joint Corp. (NASDAQ: JYNT)는 Sanjiv Razdan을 새로운 사장 겸 CEO로 임명했으며, 이는 2024년 10월 14일부터 효력을 발휘합니다. Razdan은 회사의 이사회에도 합류할 것입니다. 이 발표는 Peter D. Holt가 사장, CEO 및 이사직에서 사임한 것과 동시에 이루어졌습니다.

Razdan은 YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf, 그리고 Sweetgreen과 같은 성공적인 조직에서 일하면서 소비자 서비스 및 프랜차이즈 비즈니스 리더십에 관한 풍부한 경험을 가지고 있습니다. 그의 전문성은 브랜드 구축, 기업 문화의 선도, 지속 가능한 성장을 위한 혁신 추진에 있습니다.

The Joint Corp.는 The Joint Chiropractic® 네트워크를 통해 미국에서 가장 큰 카이로프랙틱 치료 프랜차이저로서 Razdan의 경험을 활용하여 다음 성장 단계의 형태를 잡고 일상적이고 저렴한 카이로프랙틱 치료 시장에서의 입지를 강화하려고 합니다.

The Joint Corp. (NASDAQ: JYNT) a nommé Sanjiv Razdan comme nouveau Président et Directeur Général, à effet du 14 octobre 2024. Razdan rejoindra également le Conseil d'Administration de l'entreprise. Cette annonce coïncide avec la démission de Peter D. Holt de ses fonctions de Président, CEO et directeur.

Razdan apporte une vaste expérience dans les services aux consommateurs et la direction d'entreprises de franchise, ayant travaillé avec des organisations prospères telles que YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf, et Sweetgreen. Son expertise réside dans la création de marques, la promotion de la culture d'entreprise et la stimulation de l'innovation pour une croissance durable.

The Joint Corp., le plus grand franchiseur de soins chiropratiques aux États-Unis à travers le réseau The Joint Chiropractic®, vise à tirer parti de l'expérience de Razdan pour façonner sa prochaine phase de croissance et améliorer sa position sur le marché des soins chiropratiques accessibles et de routine.

The Joint Corp. (NASDAQ: JYNT) hat Sanjiv Razdan zu seinem neuen Präsidenten und CEO ernannt, der am 14. Oktober 2024 in Kraft tritt. Razdan wird auch Mitglied des Vorstands des Unternehmens. Diese Ankündigung fällt mit dem Rücktritt von Peter D. Holt von seinen Positionen als Präsident, CEO und Direktor zusammen.

Razdan bringt umfassende Erfahrungen im Bereich Verbraucherdienste und Führung von Franchise-Unternehmen mit, da er mit erfolgreichen Organisationen wie YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf und Sweetgreen gearbeitet hat. Seine Expertise liegt in der Markenbildung, der Förderung einer Unternehmenskultur und der Förderung von Innovationen für nachhaltiges Wachstum.

Die Joint Corp., der größte Franchisegeber für chiropraktische Versorgung in den Vereinigten Staaten über das Netzwerk The Joint Chiropractic®, zielt darauf ab, Razdans Erfahrungen zu nutzen, um die nächste Wachstumsphase zu gestalten und seine Marktposition im Bereich der routinemäßigen und erschwinglichen chiropraktischen Versorgung zu verbessern.

Positive
  • Appointment of an experienced franchise executive as CEO
  • New CEO's background in successful franchise organizations
  • Potential for fresh perspectives and innovation in company growth strategies
Negative
  • Departure of previous CEO may lead to temporary leadership transition challenges

-Seasoned Franchise Executive to also Join the Company’s Board of Directors-

SCOTTSDALE, Ariz., Oct. 14, 2024 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ: JYNT) (“The Joint or “the Company”), the nation’s largest franchisor of chiropractic care through The Joint Chiropractic® network, welcomes Sanjiv Razdan as its President and Chief Executive Officer effective today. Razdan will also serve as a member of the company’s Board of Directors and, as CEO, will report to the Board. The company also announces the resignation of Peter D. Holt from his positions as President, CEO, and director of the Company.

Sanjiv Razdan- Photo

“Sanjiv is a globally experienced consumer services and franchise business leader,” said Matthew Rubel, the company’s lead director. “His strength is in building brands, being a culture champion and driving innovation for sustainable growth. Sanjiv has a proven track record of leading high performing teams to accelerate growth and performance. He has also enabled new concept development and crafted digitally integrated, consumer-focused and operationally effective retail capabilities.”

Razdan’s experiences, both domestically and internationally, have been with highly successful and inventive franchise organizations, such as YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf and Sweetgreen.

“I am honored to lead The Joint Corp. and excited to work with the talented associates, our committed franchisees and the Board to shape the next phase of the company’s growth,” said Razdan. “By consistently delivering on our mission to improve quality of life through routine and affordable chiropractic care, The Joint is already a global leader in the industry. I am committed to executing exceptional patient experiences and working with our franchisees to unlock the full potential of our highly differentiated market position.”

Rubel added, “We appreciate everything that Peter has done for the company during his tenure and wish him well in his future endeavors.”

About Sanjiv Razdan

Razdan grew up in Mumbai, India and earned his Bachelor of Science degree in Physics and Computer Science from St. Xavier’s College. He also completed a post-graduate program in Hotel Administration with ITC Hotels and holds a certificate from Cornell University in QSR Management.

About The Joint Corp. (NASDAQ: JYNT)

The Joint Corp. (NASDAQ: JYNT) revolutionized access to chiropractic care when it introduced its retail healthcare business model in 2010. Today, it is the nation's largest operator, manager and franchisor of chiropractic clinics through The Joint Chiropractic network. The company is making quality care convenient and affordable, while eliminating the need for insurance, for millions of patients seeking pain relief and ongoing wellness. With more than 950 locations nationwide and over 13 million patient visits annually, The Joint Chiropractic is a key leader in the chiropractic industry. Consistently named to Franchise Times “Top 500+ Franchises” and Entrepreneur’s “Franchise 500” lists and recognized by FRANdata with the TopFUND award, as well as Franchise Business Review’s “Top Franchise for 2023,” “Most Profitable Franchises” and “Top Franchises for Veterans” ranking, The Joint Chiropractic is an innovative force, where healthcare meets retail.

For more information, visit www.thejoint.com. To learn about franchise opportunities, visit www.thejointfranchise.com

The Joint Company Structure

The Joint Corp. is a franchisor and an operator of clinics in Arkansas, California, Colorado, District of Columbia, Florida, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Washington, West Virginia and Wyoming, The Joint Corp. and its franchisees provide management services to affiliated professional chiropractic practices.

Media Contact: Margie Wojciechowski, The Joint Corp., margie.wojciechowski@thejoint.com

Investor Contact: Kirsten Chapman, LHA Investor Relations, 415-433-3777, thejoint@lhai.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/62cabdcd-bc2c-433e-a4a6-ee2792adc9f1


FAQ

Who is the new CEO of The Joint Corp. (JYNT)?

Sanjiv Razdan has been appointed as the new President and Chief Executive Officer of The Joint Corp. (NASDAQ: JYNT), effective October 14, 2024.

What is Sanjiv Razdan's background before joining The Joint Corp. (JYNT)?

Sanjiv Razdan has experience with successful franchise organizations such as YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf, and Sweetgreen, bringing expertise in brand building, culture championing, and driving innovation for sustainable growth.

Who did Sanjiv Razdan replace as CEO of The Joint Corp. (JYNT)?

Sanjiv Razdan replaced Peter D. Holt, who resigned from his positions as President, CEO, and director of The Joint Corp. (JYNT).

Will Sanjiv Razdan join The Joint Corp. (JYNT) Board of Directors?

Yes, Sanjiv Razdan will serve as a member of The Joint Corp. (JYNT) Board of Directors in addition to his roles as President and CEO.

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