Current:Home > NewsSurpassing:After nearly a decade, Oprah Winfrey is set to depart the board of WeightWatchers -Streamline Finance
Surpassing:After nearly a decade, Oprah Winfrey is set to depart the board of WeightWatchers
TrendPulse View
Date:2025-04-09 15:51:09
Oprah Winfrey plans on Surpassingleaving WeightWatchers' board of directors after nearly a decade, amid the diet company's waning profits and public support.
WW International, Inc., announced on Wednesday that the billionaire decided not to stand for reelection at its next shareholder meeting in May. Winfrey, who joined the board in 2015, owns 1.13 million shares in the weight loss company, according to Reuters.
"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.
The entertainment mogul added that she intends "to participate in a number of public forums and events where I will be a vocal advocate in advancing this conversation."
WeightWatchers shares fell precipitously after the announcement, dropping around 25% in early trading on Thursday. The company has been facing steadily declining stock prices so far this year as medications like Ozempic and Wegovy, which help manage blood sugar and boost weight loss, have soared in popularity.
Board chairman Thilo Semmelbauer thanked Winfrey for her role in shaping the company over the last eight years, saying that she has been "an inspiring presence and passionate advocate" for members.
Winfrey said she will donate her stake in WeightWatchers and proceeds from any future stock options to the National Museum of African American History and Culture.
The remaining nine board members said they support Winfrey's charitable decision and that it serves "to eliminate any perceived conflict of interest around her taking weight loss medications."
Winfrey came under scrutiny after revealing in December that she has been using medication to lose and maintain her weight. Winfrey said the drug "feels like relief, like redemption, like a gift."
"I'm absolutely done with the shaming from other people and particularly myself," Winfrey told People magazine.
Reflecting on her very public weight loss journey — and the cruel ridicule it sometimes drew — the 70-year-old said that it "occupied five decades of space in my brain, yo-yoing and feeling like why can't I just conquer this thing, believing willpower was my failing,"
Around the same time as Winfrey's exclusive interview with People, WeightWatchers unveiled the rollout of WeightWatchers Clinic, which gives members access to doctors who can prescribe weight loss medications, including Wegovy and Zepbound. The services were made possible after WW's acquisition of a telehealth company called Sequence last spring.
The move to embrace the drugs as part of its weight management program is a massive shift for the company's behavior-based program. For 60 years, WeightWatchers coaches have told members that the path to a thinner, healthier version of themselves consisted of exercise, counting calories, points — and, perhaps most of all, willpower.
That reversal has left many current and former members struggling with their own weight feeling betrayed.
When asked if that advice was wrong, the company's CEO Sistani told NPR, "Yes, that advice was wrong."
Telling people that it was a "choice, not chance" was detrimental to people, she added.
"And ultimately, for every one person that we helped, there was one person who our program did not work for because they were dealing with a chronic relapsing condition, with biology and genetics and environmental underpinnings. So, in order for us to reintroduce ourselves, we need to acknowledge the part that we had in the past," Sistani said.
veryGood! (94491)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Mission: Impossible co-star Simon Pegg talks watching Tom Cruise's stunt: We were all a bit hysterical
- Want To Get Ready in 3 Minutes? Beauty Gurus Love This $5 Makeup Stick for Cheeks, Eyes, and Lips
- New York Embarks on a Massive Climate Resiliency Project to Protect Manhattan’s Lower East Side From Sea Level Rise
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Buttigieg calls for stronger railroad safety rules after East Palestine disaster
- Recession, retail, retaliation
- The Climate Solution Actually Adding Millions of Tons of CO2 Into the Atmosphere
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Mark Zuckerberg Accepts Elon Musk’s Challenge to a Cage Fight
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Temple University cuts tuition and health benefits for striking graduate students
- Is Project Texas enough to save TikTok?
- How Biden's latest student loan forgiveness differs from debt relief blocked by Supreme Court
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- A Bankruptcy Judge Lets Blackjewel Shed Coal Mine Responsibilities in a Case With National Implications
- Sarah Jessica Parker and Matthew Broderick’s Son James Wilkie Has a Red Carpet Glow Up
- Incursions Into Indigenous Lands Not Only Threaten Tribal Food Systems, But the Planet’s Well-Being
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Northwestern fires baseball coach amid misconduct allegations days after football coach dismissed over hazing scandal
Tina Turner's Son Ike Jr. Arrested on Charges of Crack Cocaine Possession
Reframing Your Commute
Louvre will undergo expansion and restoration project, Macron says
Maya Hawke Details Lying to Dad Ethan Hawke the Night She Lost Her Virginity
During February’s Freeze in Texas, Refineries and Petrochemical Plants Released Almost 4 Million Pounds of Extra Pollutants
Warming Trends: A Delay in Autumn Leaves, More Bad News for Corals and the Vicious Cycle of War and Eco-Destruction