NEW YORK – WeightWatchers (NASDAQ: WW), a global wellness technology company, announced the expansion of its leadership team with the appointment of three executives with the aim of strengthening its product, legal and insights functions.
Donna Boyer, formerly of Teladoc (NYSE:) Health, is expected to join as chief product officer on May 1. Jacquie Cooke, with experience in biotech legal matters, has been appointed general counsel and secretary. Additionally, Debra Benovitz, a longtime member of the WeightWatchers team, has been promoted to Chief Insights Officer.
Boyer’s previous experience includes leading Teladoc Health’s transition to a multi-product portfolio and her role in product management at Airbnb and Stitch fix (NASDAQ:). Cooke brings extensive legal expertise from her time at 23andMe and Genomic Health, where she helped scale the business and oversee legal and compliance matters.
Benovitz’s promotion recognizes her critical role in integrating consumer insights into WeightWatchers’ scientific and medical teams to improve the company’s points program and overall user experience. Her background spans more than three decades in consumer insights, with significant contributions to companies such as PepsiCo (NASDAQ:), LEGO and Dove.
WeightWatchers CEO Sima Sistani expressed confidence that the new hires will be instrumental in shaping the company’s future, especially as the company focuses on expanding its comprehensive weight health offerings.
WeightWatchers, known for its weight loss and weight management programs, combines technology and community support to help its members achieve and maintain health goals.
The information for this report is based on a press release.
Investing Pro Insights
Given recent executive appointments at WeightWatchers (NASDAQ: WW), investors may be curious about the company’s financial health and market performance. According to data from InvestingPro, WeightWatchers has a market cap of $142.57 million. Despite a challenging environment, reflected in a negative price-to-earnings (P/E) ratio of -1.24 for the trailing twelve months starting in the fourth quarter of 2023, the company boasts a strong gross profit margin of 61.89%. This impressive margin highlights the company’s ability to control costs and could be a positive indicator of new leadership’s potential to increase profitability.
However, the stock has experienced significant volatility, with a 1-week price total return of 11.59% as of the latest data, compared to a high 1-month price total return of -36.24%. This high price volatility suggests that investors should be prepared for possible fluctuations in stock value. WeightWatchers’ recent performance also reflects a significant return over the last week, which could attract the attention of traders looking for short-term opportunities.
For those considering investing in WeightWatchers, it’s worth noting that the company has a solid list of options InvestingPro Tips These include insights such as high shareholder returns and the fact that short-term obligations exceed liquid assets. For a deeper dive into these metrics and more, investors can access additional tips on InvestingPro, with a total of 13 tips listed for WeightWatchers. To get an additional 10% discount on an annual or two-year Pro and Pro+ subscription, readers can use the coupon code PRONEWS24.
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