We are elated to announce that Rick Stollmeyer is joining the Yoga Experiences Africa advisory board. Rick co-founded MindBody, Inc. in 2001 and recently transitioned to the role of Executive Chairman after serving over 16 years as the organization’s Chief Executive Officer.
He is also MindBody’s principal visionary, ensuring that everything the organization embraces serves the company’s vision: Leveraging technology to improve the wellness of the world. MindBody’s annual wellness and beauty conference, BOLD, has featured such speakers as former First Lady Michelle Obama, Billie Jean King, Arianna Huffington, Magic Johnson, Jillian Michaels and Deepak Chopra.
Mindbody, Inc. is a San Luis Obispo, California-based software-as-a-service company that provides cloud-based online scheduling and other business management software for the wellness services industry. Founded in 2001, the company services over 58,000 health and wellness businesses with about 35 million consumers in over 130 countries and territories. Since October 2021, the company has owned ClassPass. It is majority owned by Vista Equity Partners, a private equity firm.
The Mindbody mobile app is integrated with Fitbit and Under Armour’s MyFitnessPal. As an advisor-turned-partner, Mr. Stollmeyer helped transform MindBody from a homebased operation with 12 clients to a full-fledged software development company serving more than 500,000 beauty, health and wellness practitioners at 53,000 businesses in more than 130 countries. In 2005, he took MindBody’s business management system fully to the cloud. A decade later, the company raised more than $100 million in its initial public offering. As of June 2018, the company was valued at more than $1.8 billion. In December of the same year, MindBody announced its acquisition by Vista Equity Partners for $1.9 billion.
Currently the CEO of Inspired Flight Technologies and advisor to the Global Wellness Institute, he will play a crucial role in supporting our fundraising journey and growth.
In discussing this new development, Founder of Yoga Experiences Africa Leah, had this to say; “Meeting Rick was one of the best things to happen to me this year. It’s like I met a kindred spirit. He understood exactly what we are trying to do, where we are and where we are going. The best part is that he believes in me and the vision. I feel like it was a double win for us at the Global Wellness Summit.”
We are so excited to have Rick on board and looking forward to the amazing impact Yoga Experiences will have, with his support.