WeightWatchers announced the departure of CEO Sima Sistani, effective immediately, and board member Tara Comonte, former Shake Shack executive, has been named interim CEO. The company did not provide a reason for the change. Still, it highlighted Comonte’s role in addressing operational and financial issues as WeightWatchers struggled with falling profits and a stock drop of over 90% in the past year. WeightWatchers reduced its board from 10 to nine members earlier this year following the departure of former talk show host Oprah Winfrey. Winfrey stepped down in February after she revealed that she was using a weight-loss medication.
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00:00It's Benzinga, and here's what's on the block.
00:03Weight Watchers announced the departure of CEO Seema Sistani, effective immediately,
00:07and board member Tara Kamonti, former Shake Shack executive, has been named interim CEO.
00:12The company did not provide a reason for the change, but highlighted Kamonti's role in
00:16addressing operational and financial issues, as Weight Watchers struggles with falling
00:21profits and a stock drop of over 90% in the past year.
00:25Weight Watchers reduced its board from 10 to 9 members earlier this year, following
00:29the departure of former talk show host Oprah Winfrey.
00:33Winfrey stepped down in February after she revealed that she was using a weight loss
00:36medication.
00:37For all things money, visit Benzinga.com.