WeightWatchers CEO who oversaw diet company's move into weight loss drugs abruptly leaves role
WeightWatchers is shaking up its leadership
NEW YORK (AP) — WeightWatchers is shaking up its leadership.
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.
The New York-based weight loss company 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.”
WeightWatchers, which was founded more 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.
