WeightWatchers CEO Sima Sistani Abruptly Resigns Amid Financial Struggles
Sistani's departure marks another challenge for the company, which has seen declining profits and subscriber numbers.
- Sima Sistani's resignation comes less than three years after she took the helm, leading the company's pivot to digital health and weight-loss drugs.
- Tara Comonte, a board member and former Shake Shack executive, has been appointed interim CEO.
- WeightWatchers has faced significant financial difficulties, with its market value plummeting from nearly $700 million to $65 million in 2024.
- Oprah Winfrey, a former board member and celebrity endorser, exited the board in February, further impacting the company's stock.
- Experts suggest that WeightWatchers needs to refocus on core customer needs and adapt quickly to the growing popularity of prescription weight-loss medications.