“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 her announcement that she was leaving the company and selling her interests.
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“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 TV mogul added.
“In addition, I have decided to donate my 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.”
WeightWatchers accepts Winfrey’s decision to leave the organization.
“Ms. Winfrey is making the donation to support the NMAAHC’s goal to promote and highlight the contributions of African Americans and to eliminate any perceived conflict of interest around her taking weight-loss medications. In addition, Ms. Winfrey intends to donate the proceeds from any future exercises of her WW stock options to NMAAHC,” WeightWatchers said in a statement.
However, during the past few years, the company has been trending downward.
WeightWatchers disclosed its 2023 fourth-quarter earnings on Wednesday, revealing a loss of $88.1 million—more than twice the amount lost in the corresponding period of 2022.
