Steiner Leisure Announces Appointment of Leonard Fluxman as Chief Executive Officer and Glenn Fusfield as Chief Operating Officer

Business Wire, Jan 2, 2001

Business Editors

NASSAU, The Bahamas--(BUSINESS WIRE)--Jan. 2, 2001

Steiner Leisure Limited (Nasdaq:STNR) today announced that the Board of Directors has appointed Leonard Fluxman as Chief Executive Officer and Glenn Fusfield as Chief Operating Officer of the company, effective January 1,2001.

Appointment of Mr. Fluxman

Mr. Fluxman, who has been serving as President and Chief Operating Officer of the company, will now have the title of President and Chief Executive Officer. Clive Warshaw, who has served as Chairman of the Board and Chief Executive Officer until Mr. Fluxman's appointment, will continue to serve as Chairman of the Board.

Mr. Warshaw stated: "I am extremely pleased to have Leonard become our Chief Executive Officer. I have worked with Leonard for a number of years, in his capacities as both Chief Financial Officer, and, then, as President and Chief Operating Officer. He has demonstrated an unwavering commitment to maintaining the company's standards of excellence. Leonard's talent, vision and expertise have been principal reasons for the company maintaining its position as the leading worldwide provider of spa services and skin and hair products on board cruise ships. He has also been instrumental in the company's efforts to develop land-based spas and other opportunities. Although I will continue to have involvement in management activities of the company, Leonard's appointment as Chief Executive Officer reflects him becoming the officer principally responsible for the company's day to day executive decision-making and strategic planning. I look forward to working with Leonard in his new capacity as we work for the continued success of the company."

Appointment of Mr. Fusfield

Mr. Fusfield joined the company in November of 2000. Prior to joining Steiner Leisure, Mr. Fusfield was with Carnival Cruise Lines for 12 years, most recently serving as Vice President, Hotel Operations for Carnival.

Leonard Fluxman stated: "We are very pleased and fortunate to have Glenn join Steiner Leisure. He brings with him extensive operational and fiscal management experience that directly relates to our day to day business. His expertise will not only be valuable in connection with our maritime operations, but we also look forward to utilizing his experience and skills as we seek to develop our land-based operations. The addition of Glenn adds strength and depth to our management team, which we look forward to capitalizing on in the coming years."

Steiner Leisure Limited is the leading worldwide provider of spa services and skin and hair products on board cruise ships. In addition, the company develops and markets premium priced, high-quality personal care products, which are sold primarily in connection with the services the company provides. The company currently serves 105 cruise vessels representing 25 cruise lines and operates the Atlantis spa in The Bahamas. The company also operates nine post-secondary schools in the United States offering degree and non-degree programs in massage therapy and skin care and related areas.

This press release contains statements of a forward-looking nature. Shareholders and potential investors are cautioned that such statements are predictions and actual events or results may vary significantly.