Strategic appointments will add public company
leadership, finance, operations, marketing and technology
experience
Selina, the fast-growing lifestyle and experiential hospitality
platform targeting millennial and Gen Z travelers, is pleased to
announce the strategic appointment of five new independent
directors to its Board of Directors: Eric J. Foss, who will serve
as the Chair of the Board, Catherine Dunleavy, Eileen Moore
Johnson, Richard S. Stoddart and Adi Soffer Teeni. Their
appointments will be effective upon the closing of the business
combination between Selina and BOA Acquisition Corp., such that the
public-company Board will comprise seven directors in total,
including Rafael Museri and Daniel Rudasevski, the co-founders of
Selina and Chief Executive Officer and Chief Growth Officer,
respectively.
“We’ve spent a considerable amount of time working to identify
highly accomplished corporate leaders with diverse and
complementary backgrounds and skill sets, as well as public company
experience, to add to Selina’s board of directors,” said Rafael
Museri, Co-Founder and Chief Executive Officer of Selina. “Eric,
Catherine, Eileen, Rich and Adi all have impressive backgrounds and
proven track records contributing to the growth of category-leading
organizations like Pepsico, Nike, Caesars, Hasbro and Meta
Platforms. We have no doubt their unique perspectives and knowledge
of the capital markets, together with their leadership, finance,
operations, marketing and technology experience, will add
tremendous value to the enterprise as we grow our platform, execute
our strategy to drive profitability and transition to being a
publicly traded company.”
Eric J. Foss has been Chairman and CEO of two Fortune 500
companies. Mr. Foss is a highly successful leader with a proven
track record of driving growth, creating sustainable shareholder
value, building diverse, inclusive, engaged and high-performance
teams, and creating a purpose-driven legacy for global at scale
companies. Mr. Foss served as Chairman of the Board of Aramark from
February 2015 and served as Chief Executive Officer and President
from May 2012 until his retirement in August 2019. Mr. Foss also
served as Chief Executive Officer of Pepsi Beverages Company from
2010 until December 2011. He served as Chairman and CEO of the
Pepsi Bottling Group from 2008 until 2010, Chief Executive Officer
and President from 2006 until 2008 and as Chief Operating Officer
from 2005 until 2006. Mr. Foss has broad-based public board
experiences regarding governance, risk management, technology,
financial oversight and strategic planning. He currently serves on
the Board of Directors of Cigna. He also serves as Chairman of the
Board at Diversey and serves on the national Board of Directors at
Back on My Feet.
Catherine Dunleavy is Chief Financial Officer of JRSK, Inc.,
doing business as Away, a global lifestyle brand offering an array
of luggage and other travel essentials built for the evolving needs
of the modern traveler, where she leads finance, strategy, data,
consumer insights, accounting and treasury functions. Before
joining Away in 2020, Dunleavy was CFO for Nike, Inc.’s (NYSE: NKE)
Global Operations and Technology Group and Vice President of
Strategic Investments. In this role, she was responsible for
leading Nike’s digital transformation, driving supply chain
strategies and managing Nike’s largest global investments. During
her tenure at Nike, she also served as CFO of the Innovation Group.
Prior to Nike, Ms. Dunleavy worked at Comcast as Executive Vice
President of Content Distribution of NBC Universal Media, LLC;
Executive Vice President and CFO of Cable Entertainment and
Production Studios at NBCUniversal Media, LLC; and Executive Audit
Manager at General Electric Company (NYSE: GE).
Eileen Moore Johnson currently serves as the General Manager of
the Vegas Loop, the first all-electric, zero-emissions underground
public transportation system. Throughout her career, Ms. Johnson
has worked for and developed some of the best hospitality and
gaming brands in the world, including a 21-year tenure with Caesars
Entertainment, where she had oversight across four large casino
resorts, including Flamingo, Harrah’s, LINQ and Cromwell. Her
diverse experience spans corporate strategy, communications,
operations, marketing, information technology and revenue
management. Most recently, Ms. Johnson also served as the Executive
Vice President and Chief Human Resources Officer for Scientific
Games Corporation from June of 2020 until July of 2022. Reporting
to the CEO, she led a global workforce of 9,250 employees in 34
countries and a team of approximately 110 professionals across
human resource functions, including human resources business
partners and operations, executive development, succession
planning, compensation and benefits, talent acquisition, learning
and training, and corporate social responsibility.
Richard S. Stoddart is Chair of Hasbro Inc.’s (Nasdaq: HAS)
Board of Directors and most recently served as the company’s
interim CEO from October 2021 to February 2022. Prior to that, Mr.
Stoddart served as President and CEO of InnerWorkings, Inc.
(Nasdaq: INWK), a global marketing execution firm, from 2018 until
its acquisition in 2020. Prior to that, Mr. Stoddart served as
President of Leo Burnett North America from 2005 until he was
appointed CEO in 2013, and as CEO and Global President of Leo
Burnett Worldwide, one of the world’s largest advertising agencies,
from 2016 to 2018. Mr. Stoddart brings to Selina extensive
experience leading and driving profitable growth at global
organizations, as well as strong expertise in brand-building,
integrated marketing, business transformation, strategic planning,
M&A, marketing supply chain management and the building of
global teams.
Adi Soffer Teeni has served as the Vice President and General
Manager Israel, for Meta Platforms Inc., a company that builds
applications and technologies that help people connect, find
communities and grow businesses, since 2014. Mrs. Soffer Teeni
served as the Managing Director for 888.com, the B2C division of
888 Holdings Plc, from 2008 to 2011. Prior to her time at 888
Holdings Plc, Mrs. Soffer Teeni served as Chief Executive Officer
for the Kidum Group from 2002 to 2007, and for Wall Street
Institute from 1998 to 2001. She also served as the Executive
Chairwoman at Ginger Software, an American and Israeli start-up
specializing in natural language processing and AI. Mrs. Soffer
Teeni earned a Bachelor of Laws, LL.B., at Tel Aviv University in
1997 and a Master’s in Business Administration from Northwestern
University and Tel Aviv University in 2003.
Foss said, "On behalf of the new Directors, we are honored and
excited to be joining the Board of this dynamic and innovative
company at such an important time. Selina is creating a hospitality
lifestyle platform like no other, and it has the potential to be
the brand for a new generation of travelers. Our priorities will be
to ensure that the company executes on a sustainable, commercially
viable strategy for the benefit of all stakeholders and that it
continues to build out its public-company infrastructure.”
About Selina Selina is one of the world's largest
lifestyle and experiential hospitality brands, built to address the
needs and desires of millennial and Gen Z travelers, blending
beautifully designed accommodation with coworking, recreation,
wellness and local experiences. Custom-built for today's nomadic
traveler, Selina provides guests with a global infrastructure to
seamlessly travel and work abroad. Founded in 2014, each Selina
property is designed in partnership with local artists, creators
and tastemakers, breathing new life into existing buildings in
interesting locations around the world — from urban cities to
remote beaches and jungles. Selina's portfolio includes over 163
open or secured properties across 25 countries and six continents.
On December 2, 2021, Selina entered into a definitive merger
agreement with BOA Acquisition Corp. (NYSE: BOAS), the closing of
which, subject to customary conditions, will result in Selina
becoming a publicly listed company.
For further information on Selina, visit www.selina.com or check
out @selina on Instagram, Twitter or Facebook. To explore Selina
real estate partnership opportunities, please contact
partnerships@selina.com.
Additional Information and Where to Find It This document
does not contain all the information that should be considered
concerning the proposed business combination between BOA and Selina
(the “Business Combination”). In connection with the proposed
Business Combination, Selina has filed with the U.S. Securities and
Exchange Commission (the “SEC”) a registration statement on Form
F-4 (the “Registration Statement”), which includes a preliminary
proxy statement of BOA and a prospectus. Additionally, BOA has
filed with the SEC a definitive proxy statement in respect of the
Business Combination. The definitive proxy statement and other
relevant documents will be mailed to stockholders of BOA as of
August 18, 2022, for voting on the Business Combination.
Stockholders of BOA and other interested persons are advised to
read the definitive proxy statement and any amendments thereto
because such documents contain important information about BOA,
Selina and the proposed transactions. Stockholders will also be
able to obtain copies of the Registration Statement and the
definitive proxy statement without charge, by directing a request
to: BOA Acquisition Corp., 2600 Virginia Ave NW, Suite T23
Management Office, Washington, D.C. 20037. These documents and
BOA’s and Selina’s other filings and reports filed with the SEC can
also be obtained, without charge, from the SEC’s internet site
(http://www.sec.gov).
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY, NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
No Offer or Solicitation This communication is for
informational purpose only and not a proxy statement or
solicitation of a proxy, consent or authorization with respect to
any securities or in respect of the potential transaction and shall
not constitute an offer to sell or a solicitation of an offer to
buy any securities, nor shall there be any sale of any securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction.
Participants in Solicitation BOA, Selina, and their
respective directors and executive officers, other members of
management and employees may be considered participants in the
solicitation of proxies with respect to the potential transaction
described in this communication under the rules of the SEC.
Information about the directors and executive officers of BOA is
set forth in BOA’s and Selina’s filings with the SEC. Information
regarding other persons who may, under the rules of the SEC, be
deemed participants in the solicitation of the stockholders in
connection with the potential transaction and a description of
their direct and indirect interests is set forth in the
Registration Statement (and included in the definitive proxy
statement) and other relevant documents when they are filed with
the SEC. These documents can be obtained free of charge from the
sources indicated above.
Forward-Looking Statements This communication includes
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
relate to future events, including, without limitation, statements
regarding the Business Combination and expectations or plans of
Selina’s management. In some cases, you can identify
forward-looking statements by use of terminology such as “may,”
“should,” “expect,” “intend,” “will,” “estimate,” “anticipate,”
“believe,” “predict,” “potential” or “continue,” or the negative
forms of these terms or variations of them, or similar terminology.
Such forward-looking statements are subject to risks, uncertainties
(some of which are beyond the control of Selina) and other factors
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
forward-looking statements are based upon estimates and assumptions
that, while considered reasonable by Selina and its management, are
inherently uncertain. Factors that may cause actual results to
differ materially from current expectations include, without
limitation: (1) the occurrence of any event, change or other
circumstance that could give rise to the termination of the
definitive agreements respecting the Business Combination; (2) the
outcome of any legal proceedings that may be instituted against
BOA, Selina or others following the announcement of the Business
Combination; (3) inability to complete the Business Combination due
to the failure to obtain approval of the stockholders of BOA or to
satisfy other conditions to closing; (4) changes to the proposed
structure of the Business Combination that may be required or
appropriate as a result of applicable laws or regulations; (5) the
ability of Selina to meet applicable listing standards following
the consummation of the Business Combination; (6) the risk that the
Business Combination disrupts current plans and operations of
Selina as a result of the announcement and consummation of the
Business Combination; (7) the ability to recognize the anticipated
benefits of the Business Combination, which may be affected by,
among other things, competition and the ability of the combined
company to grow and manage growth profitably, maintain
relationships with customers and suppliers, and retain its
management and key employees; (8) costs related to the Business
Combination; (9) changes in applicable laws or regulations; (10)
the possibility that Selina may be adversely affected by other
economic, business and/or competitive factors; (11) the impact of
the COVID-19 pandemic on Selina’s business and/or the ability of
the parties to complete the Business Combination; and (12) other
risks and uncertainties to be contained in the Registration
Statement and the definitive proxy statement included therein. In
addition, there may be additional risks that Selina does not
presently know, or that Selina currently believes are immaterial,
that could also cause actual results to differ from those contained
in the forward-looking statements. Nothing in this communication
should be regarded as a representation by any person that the
forward-looking statements set forth herein will be achieved or
that any of the contemplated results of such forward-looking
statements will be achieved. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. Except as may be required by law, Selina does not
undertake any duty to update these forward-looking statements.
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