Weight Watchers shares dive as Oprah prepares to step down from board
Donation: Oprah Winfrey will give shares value £5m – to the National Museum of African American History and Culture
Almost £60million was wiped off the worth of Weight Watchers as Oprah Winfrey prepares to step down from the board and promote her shares.
The US discuss present host, on the board of the approach to life agency since 2015, is not going to stand for re-election at its subsequent shareholder assembly in May.
She will as an alternative donate her 10pc stake she owned – round 1.13m shares value £5million – to the National Museum of African American History and Culture.
The inventory plunged by virtually 1 / 4, lowering its worth by £57million. Winfrey, who will nonetheless advise the corporate, joined virtually a decade in the past.
Her departure comes as it’s struggling to maintain tempo with a growth in demand for weight-loss medicine made by corporations similar to Novo Nordisk.
She just lately revealed that she used them as a ‘maintenance tool’.
Troy Harmon, chief funding officer at monetary providers agency Henssler Financial, mentioned Winfrey’s departure is ‘just another piece of evidence in the overall picture that people would much rather take a jab than adjust their lifestyle’.
