{"id":122243,"date":"2021-10-02T09:28:28","date_gmt":"2021-10-02T09:28:28","guid":{"rendered":"https:\/\/fin2me.com\/?p=122243"},"modified":"2021-10-02T09:28:28","modified_gmt":"2021-10-02T09:28:28","slug":"oprah-thanks-ww-international-ceo-mindy-grossman-as-she-steps-down","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/oprah-thanks-ww-international-ceo-mindy-grossman-as-she-steps-down\/","title":{"rendered":"Oprah thanks WW International CEO Mindy Grossman as she steps down"},"content":{"rendered":"
Fox Business Flash top headlines for September 30<\/h2>\n
Check out what’s clicking on FoxBusiness.com.\n<\/p>\n
WW International president and CEO Mindy Grossman will step down from her role after the first quarter of 2022 drawing praise from the company's largest single shareholder, Oprah Winfrey. <\/p>\n
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Ticker<\/th>\n
Security<\/th>\n
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Change %<\/th>\n<\/tr>\n<\/thead>\n
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WW<\/td>\n
WW INTERNATIONAL<\/td>\n
18.70<\/td>\n
+0.45<\/td>\n
+2.44%<\/td>\n<\/tr>\n
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Since taking over the helm of the weight-loss management company in 2017 previously known as Weight Watchers, Grossman has helped transform the WW International brand into a personalized digital health, wellness and science-based weight-loss platform.<\/p>\n
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"Leading the transformation of WW has been one of the most rewarding experiences of my professional career," Grossman said in a statement. "Over the past four years, we repositioned the brand and the business, and have grown our membership base, with retention now at all-time highs. It has been an honor to work with such a talented and passionate team to transform the lives of millions of people by providing them with the tools to become the best, healthiest versions of themselves." <\/p>\n
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Oprah Winfrey (left) and Mindy Grossman<\/span> (Reuters \/ Reuters Photos)<\/span><\/p>\n
Winfrey, who also serves as a celebrity spokesperson and has been a director on the company's board since 2015, called Grossman a "bold marketing visionary, partner and friend."<\/p>\n
"She has transformed the brand to the WW of today – one that represents the many dimensions of weight loss and wellness," Winfrey said. "It has been an honor to work alongside Mindy, and learn from her. I am grateful for her passion, vision and deep impact on WW."<\/p>\n
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WW International said Grossman will continue on in her role until the board of directors finds a successor. <\/p>\n
"As we work to identify the next leader of the company, my team and I will remain strongly focused on continuing to drive our strategic priorities and executing with excellence, including the upcoming launch of our most exciting food program innovation in years," Grossman said. <\/p>\n
Grossman, who is also resigning from her role as a board director, will receive approximately $2.47 million, or two times her base pay, over two years following her departure under a separation agreement.<\/p>\n
WW International shares have risen more than 82% during Grossman's tenure. The stock is up approximately 3% during Friday's trading session as of the time of publication.<\/p>\n
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