WW International announced Friday that CEO Sima Sistani would leave her role effective immediately, citing a focus on improving operational and financial performance. Tara Comonte, a board member and former Shake Shack executive, has been named interim CEO.
Houston’s weekend forecast: cool mornings with hot and dry afternoonsEmergency helicopter carrying person makes emergency landing on middle school baseball field in SW HoustonGet ready to travel this fall with these Insider DealsFILE - This image shows the logo of WeightWatchers on a mobile phone, and the company's website, in New York, Tuesday, March 7, 2023.
WW International announced Friday that CEO Sima Sistani would leave her role effective immediately. Tara Comonte, a WeightWatchers board member and former Shake Shack executive, was made interim chief executive.didn't reveal the reasons behind the abrupt move, but it noted that Comonte would step into the role of CEO at a time when the company is “focused on improving its operational and financial performance.”than 60 years ago, has struggled some recently. Its latest earnings reports showed slipping profits and costs racked up from restructuring efforts. Its stock also has plummeted over time. WW shares are down more than 90% over the last year; now trading as a penny stock, they closed at about 83 cents on Friday. Sistani joined WeightWatchers as CEO more than two years ago. During her tenure, she led the company's recent moves into thePrior to joining WeightWatchers, Sistani co-founded Houseparty, a now-discontinued social networking app that offered group video chatting. In addition to serving as CEO of Houseparty, Sistani was previously a senior leader at Epic Games. Comonte joined WeightWatchers' board back in June 2023. Most recently, she was CEO of fertility company TMRW Life Sciences — and worked as president and CFO of Shake Shack prior to that. Beyond her current position at WeightWatchers, she also serves on the boards of Kindbody and Strava, according to the company. In a statement, Comonte said she looked forward to working with WeightWatcher leadership “as we advance the company’s strategy to expand access and care during this critical period of our transformation.” With Sistani stepping down from her position on the board, WeightWatchers said it would reduce the size of its board from nine to eight members. WeightWatchers previously reduced its board from 10 to nine members earlier this year — after former talk show host Oprah Winfreysince 2015, said in February that she would leave her position and donate all of her interest to the National Museum of African American History and Culture, part of the Smithsonian Institution in Washington. The move came after Winfrey told People magazine that she was using a weight-loss medication in December 2023. At the time of her departure, the company said that Winfrey aimed to “eliminate any perceived conflict of interest." Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Weightwatchers CEO Resignation WW International Tara Comonte
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