Two months ago longtime WeightWatchers spokesperson Oprah Winfrey admitted using weight loss drugs, after previously calling it cheating [click here if you missed that].
This week at the WeightWatches annual share holders meeting Oprah announced she was stepping down from the board and donating her interest in the company to the National Museum of African American History and Culture...
From Variety
Oprah Winfrey will leave the board of WeightWatchers after almost 10 years, following the entertainment mogul’s revelation that she is using a weight-loss drug.
Winfrey informed the company this week that she decided to not stand for reelection at the annual meeting of shareholders to be held in May 2024. She has served on the company’s board since 2015. when she acquired a 10% stake in WeightWatchers.
“I look forward to continuing to advise and collaborate with WeightWatchers and CEO Sima Sistani in elevating the conversation around recognizing obesity as a chronic condition, working to reduce stigma, and advocating for health equity,” Winfrey said in a statement.
Winfrey’s agreement with WeightWatchers specifies that she “will not engage in any other weight loss or weight management business, program, products or services” during the term of her relationship with the company and for one year afterward, according to the company’s filings with the SEC.
Winfrey said she will donate her interest in WeightWatchers to the National Museum of African American History and Culture. “I have been a long-time supporter of this worthy organization, and I am proud to continue my support,” she said.
No comments:
Post a Comment