WEIGHT WATCHERS INTERNATIONAL, INC. (NYSE:WTW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March11, 2019, Weight Watchers International, Inc. (the “Company”) announced that as of March8, 2019, Stacey Mowbray is no longer serving as President, North America of the Company and will leave the Company effective as of March22, 2019.
On March6, 2019, the Company’s Board of Directors approved Nicholas P. Hotchkin, Chief Financial Officer and President, Emerging Markets of the Company, assuming the additional role of Operating Officer, North America, effective as of March8, 2019. Mr.Hotchkin will remain the Company’s principal financial officer and principal accounting officer.
About WEIGHT WATCHERS INTERNATIONAL, INC. (NYSE:WTW)
Weight Watchers International, Inc. is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications. It operates through four segments: North America, United Kingdom, Continental Europe (CE) and Other. It sells a range of products, including bars, snacks, cookbooks, food and restaurant guides with SmartPoints values, Weight Watchers magazines, SmartPoints calculators and fitness kits, and certain third-party products, such as activity-tracking monitors. It sells its products through its meetings business, online and to its franchisees.