WW announces Oprah Winfrey to donate stake in the company in March

WW announced that director Oprah Winfrey has decided not to stand for re-election at the company’s upcoming annual meeting of shareholders to be held in May. Winfrey has served on the company’s board of directors since 2015. “I look forward to continuing to advise and collaborate with WeightWatchers and CEO Sima Sistani in elevating the conversation around recognizing obesity as a chronic condition, working to reduce stigma, and advocating for health equity,” said Oprah Winfrey. “Weight Health is a critically important topic and one that needs to be addressed at a broader scale. I plan to participate in a number of public forums and events where I will be a vocal advocate in advancing this conversation,” continued Winfrey. “In addition, I have decided to donate my interest in WeightWatchers to the National Museum of African American History and Culture (“NMAAHC”). I have been a long-time supporter of this worthy organization, and I am proud to continue my support.” The board of WeightWatchers is supportive of Winfrey’s proposal to donate all of her WW stock to the NMAAHC during the company’s upcoming trading window in March 2024. In addition, Winfrey intends to donate the proceeds from any future exercises of her WW stock options to NMAAHC.