Posted 2/29/2024, 7:13:51 AM
Oprah Winfrey departs Weight Watchers board after nearly 10 years as company struggles
- Oprah Winfrey leaving Weight Watchers board after nearly a decade, will not stand for re-election in May
- Recently revealed using weight-loss drugs for "maintenance," company struggling against popularity of new anti-obesity medications
- Weight Watchers shares plunged 27% on news of her departure
- Will donate all her shares, about 10% stake, to National Museum of African American History and Culture
- Weight Watchers acquiring digital health company Sequence, provider of weight loss plans including prescription drugs like Ozempic