WeightWatchers CEO Sima Sistani resigns amid 90% stock decline after strategic shifts.
WeightWatchers International announced the immediate resignation of CEO Sima Sistani, who has been in the role for two years. Under her leadership, the company shifted focus to weight-loss drugs and acquired a telehealth platform, but these changes failed to improve performance, with stock down over 90% this year. Tara Comonte, a former Shake Shack CEO and board member, will serve as interim CEO.
September 27, 2024
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