Posted 2/29/2024, 12:39:58 PM
Oprah Winfrey Steps Down from WeightWatchers Board Amid Company Struggles and Shift to Prescription Drugs
- Oprah Winfrey is leaving the WeightWatchers board after 8 years, dealing a blow as the company faces financial losses and competition from weight-loss drugs.
- WeightWatchers suffered over $88 million in losses in 2023, more than double the previous year, while demand surges for injectable obesity drugs like Ozempic.
- The company has acquired Sequence health and launched a clinic to provide weight-loss drug prescriptions, seeing it as the next step with advances in medications.
- Winfrey said she also uses a prescribed weight-loss medication herself as a "maintenance tool," though she did not name it specifically.
- Winfrey is donating her WeightWatchers stock to the National Museum of African American History and Culture in Washington, D.C.