Value of Oprah's stake in Weight Watchers down $116 million

Winfrey1

The weight-loss company has seen a 66 per cent drop in share prices since the firm's November 2015 high after the former TV host announced she would become the face of the firm.

As Oprah Winfrey and her fellow board members hunt for the next CEO of Weight Watchers International (WTW), analysts who follow the company have put forward some suggestions about the top priorities for a successful turnaround. Neither Chambers nor the firm elaborated on the reason for the sudden corporate exit.

Shares of Weight Watchers fell more than 7 percent in after-hours trading yesterday following the announcement. The stock has since retreated.

However, Winfrey is the second largest company shareholder and Debbane emphasized on Monday that Winfrey is to play a role in helping to find the next CEO. The company has also formed an interim leadership office to oversee operations until a permanent CEO has been appointed.

NEW YORK (AP) — Oprah Winfrey is still in the black when it comes to her big investment in Weight Watchers, but her Midas touch could be in question given the company's recent struggles. She spoke regularly with Mr. Chambers, about once a week or so, discussing marketing and program details and sometimes about their personal experiences trying to lose weight on the company's eating plan.

Exercising regularly could save you up $2500 a year
Nasir and other healthcare workers hope the message of more exercise will encourage people to get out and active more. Of all the "modifiable cardiovascular risk factors", the one that's considered most important is physical activity.

Ms. Winfrey, who held a roughly 15% stake as of March, has been closely involved in Weight Watchers.

The company would need more than Winfrey's star power to bring the stocks back up again.

The shares fell 7.8 percent to $9.55 at 4:24 p.m.in late trading in NY. Weight Watchers collapsed with nearly 70 per cent since their apogee from November. Oprah holds a almost 15% stake in the company.

Hotchkin, the CFO, said the company is "confident we will deliver revenue and earnings growth in 2016".

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