Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

Oprah Winfrey exits WeightWatchers board, shares plummet more than 25% – National

rmtsa by rmtsa
February 29, 2024
in DramaAlert
0
Oprah Winfrey exits WeightWatchers board, shares plummet more than 25% – National
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Hotel security says Diddy feared 2016 hotel assault video would ‘ruin him’ – National

Latto Causes Commotion With Copious Cakes At Roots Picnic

“It’s Not A f***ing Game… They’re Coming After You!” • Hollywood Unlocked

Oprah Winfrey announced Wednesday that she will leave her role on the WeightWatchers board of directors, only two months after the talk show host publicly revealed she was taking a weight-loss medication.

Winfrey, who has for the last nine years been widely considered the face of WeightWatchers, joined the company’s board of directors in 2015. A press release from WeightWatchers said Winfrey, 70, decided not to stand for re-election.

The announcement of Winfrey’s departure sent WeightWatchers shares plummeting. During premarket trading on Thursday, shares in the weight-loss company plunged more than 25 per cent.

Winfrey pledged to donate her WeightWatchers stock to the National Museum of African American History and Culture (NMAAHC) in Washington, D.C. The talk-show mogul owns a 10 per cent stake in the company.

“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.

Story continues below advertisement

“Weight Health is a critically important topic and one that needs to be addressed at a broader scale. I plan to participate in a number of public forums and events where I will be a vocal advocate in advancing this conversation.”

The WeightWatchers board of directors said it is “supportive” of Winfrey’s decision to donate her stock in the company. The board wrote that Winfrey’s aim in donating her shares to NMAAHC is to “highlight the contributions of African Americans and to eliminate any perceived conflict of interest around her taking weight loss medications.”

The email you need for the day’s
top news stories from Canada and around the world.

In December 2023, Winfrey told People magazine she was using an unnamed weight-loss drug as a “maintenance tool” for her fluctuating weight. The disclosure came after Winfrey’s social media followers speculated that the star may be taking Ozempic or another similar medication.

Story continues below advertisement

Winfrey told People she made the decision to take a medication that induces weight loss after being “blamed and shamed” for her weight across her 25-year career.

“I realized I’d been blaming myself all these years for being overweight, and I have a predisposition that no amount of willpower is going to control,” she said. “Obesity is a disease. It’s not about willpower — it’s about the brain.”

Winfrey said she “released my own shame” and reached out to her doctor to inquire about medication options.

Trending Now

Trump should be barred from Illinois presidential ballot, judge rules

Ottawa poised to restore visa requirements for Mexicans, Quebec says

“I now use it as I feel I need it, as a tool to manage not yo-yoing,” she said. “The fact that there’s a medically approved prescription for managing weight and staying healthier, in my lifetime, feels like relief, like redemption, like a gift, and not something to hide behind and once again be ridiculed for.”

Alongside her medication, Winfrey said she still uses the WeightWatchers point-counting methodology and drinks a gallon of water every day.

Thilo Semmelbauer, chairman of the WeightWatchers board, said Winfrey has been an “inspiring presence and passionate advocate” within the organization. He thanked Winfrey for her “energy, dedication, and for continuing to play a role as collaborator” with the brand.

Winfrey will donate her stock during the company’s upcoming trading window in March.

Story continues below advertisement

WeightWatchers’ latest financial report on Wednesday showed a total loss of US$88.1 million in the company’s fourth quarter of 2023. WeightWatchers’ gross profit for the same quarter came in at US$124.9 million.

Revenue for the full 2023 fiscal year reached US$889.6 million, almost 15 per cent less than the year prior, the company reported.

Last year, WeightWatchers dipped its toe in the weight-loss drug game and purchased Sequence, a telehealth provider that offers users access to drugs used to treat diabetes and obesity, including Ozempic.

Due to popular demand, the manufacturers of several diabetes drugs, including Ozempic, have experienced shortages that have continued into 2024.


Click to play video: 'Ozempic shortage impact on Canadian patients with Type 2 diabetes'

1:58
Ozempic shortage impact on Canadian patients with Type 2 diabetes


&copy 2024 Global News, a division of Corus Entertainment Inc.



Source link

Tags: BoardExitsNationalOprahPlummetSharesWeightWatchersWinfrey
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Hotel security says Diddy feared 2016 hotel assault video would ‘ruin him’ – National

by rmtsa
June 4, 2025
0
Hotel security says Diddy feared 2016 hotel assault video would ‘ruin him’ – National

NOTE: The following article contains disturbing details and video footage. Please read at your own discretion. Sean “Diddy” Combs told a former Los Angeles hotel guard it would ruin...

Read more

Latto Causes Commotion With Copious Cakes At Roots Picnic

by rmtsa
June 3, 2025
0
Latto Causes Commotion With Copious Cakes At Roots Picnic

Source: Astrida Valigorsky/Getty Images Big mama was back at it again–this time, shutting down the stage this year’s star-studded Roots Picnic where the ‘Big Energy’ rapper stunned in...

Read more

“It’s Not A f***ing Game… They’re Coming After You!” • Hollywood Unlocked

by rmtsa
June 3, 2025
0
“It’s Not A f***ing Game… They’re Coming After You!” • Hollywood Unlocked

The Outburst That Shook the Room: “They’re coming after you!” Day 15 of Diddy’s sex trafficking trial opened with a chaotic moment that had folks in the courtroom...

Read more

Tony Buzbee Declines To Represent Moriah Mills In Case Vs. Zion Williamson

by rmtsa
June 3, 2025
0
Tony Buzbee Declines To Represent Moriah Mills In Case Vs. Zion Williamson

Tony Buzbee Declines To Represent Moriah Mills In Case Vs. Zion Williamson Published June 3, 2025 8:09 AM PDT If Moriah Mills does ultimately decide to file a...

Read more

Phaedra Parks Reveals High Price To Fly Her Family First-Class

by rmtsa
June 3, 2025
0
Phaedra Parks Reveals High Price To Fly Her Family First-Class

by Jeroslyn JoVonn June 3, 2025 Phaedra Parks opens up about her love for first-class flying. Phaedra Parks pulled out the receipts to show the high price she...

Read more
Next Post
One Step Closer announce new album All You Embrace

One Step Closer announce new album All You Embrace

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Brittany Reveals Jax’s Shocking Text About Mortgage
  • Why Did Elon Musk Leave the Trump Administration? Find Out – Hollywood Life
  • BRING HER BACK Is a Brutal and Devestating Descent into Hell — GeekTyrant

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In