The Beachbody Company, Inc. announced the appointment of Mark R. Goldston to the newly formed role of Executive Chairman of BODi's Board of Directors (the “Board”), effective June 15, 2023. In this strategic role, Mr. Goldston will be instrumental in partnering with the company's co-founder and CEO Carl Daikeler in guiding the Company's transformation, driving profitability, and leveraging its remarkable assets to unlock opportunities for growth. The appointment of Mr. Goldston marks an important milestone for BODi.

With a proven track record as a turnaround expert, Mr. Goldston brings a wealth of experience and expertise to BODi. Currently serving as the Chairman and CEO of The Goldston Group, a renowned firm specializing in strategic advisory services, venture capital, and investments in emerging growth companies, Mr. Goldston has successfully led numerous companies on the path to achieve long-term shareholder value. In addition to The Goldston Group, Mark is the General Partner of Athletic Propulsion Labs, LLC, a luxury performance athletic footwear company.

Prior to The Goldston Group, Mark held the role of Chairman and CEO of United Online, a publicly traded global consumer and internet conglomerate. In addition, he was Chairman and CEO of NetZero, an internet service provider, which he took public. In connection with Mr. Goldston's appointment, the Chairman position will be retired, and Carl Daikeler, the Company's Co-founder, will continue serving as a director and as the Company's Chief Executive Officer.

Mr. Daikeler will also remain the Company's controlling shareholder.