Topic: How To Invest

Stock Pickers Digest Hotline – Friday, April 28, 2017

Article Excerpt

WEIGHT WATCHERS INTERNATIONAL INC., $20.88, symbol WTW on New York, offers weight-loss services in 23 countries. The company promotes a program of lifestyle changes through 36,000 weekly meetings and its website. Weight Watchers began its search for a new CEO in September 2016 when Jim Chambers resigned after three years in the position. Oprah Winfrey, who owns 10% of the company and sits on the board of directors, took part in the search for a replacement. Weight Watchers aimed to recruit a new CEO with a strong background in technology. That’s key for the company’s future growth. Weight Watchers has now hired Mindy Grossman to fill the position. She was CEO of retailer HSN Inc. There, Grossman expanded the sales platform for the company’s Home Shopping Network to include online and digital sales. As a teenager, she also attended Weight Watchers meetings with her mother in Long Island and is currently a member. Weight Watchers faces increased competition for clients from mobile apps and smartphone…