Weight Watchers CEO Resignation a Surprise, but Interim Leaders Offer Stability as CEO Search Begins
In a surprise move, Weight Watchers CEO Jim Chambers plans to step down on Sept. 30. While the board commences an external search for a new CEO, the company will be led by an interim "Office of the Chief Executive Officer" composed of CFO Nick Hotchkin, director Chris Sobecki (a managing director at Weight Watcher's largest shareholder, Invus Group), and newly-appointed director Thilo Semmelbauer (who most recently served as president and COO of Shutterstock from 2010-2015 but was part of the fo...Weight Watchers International is a wellness company and provider of commercial weight management program. The company's Weight Management Program and Plan is comprised of a range of nutritional, activity, behavioral and lifestyle tools and approaches, and includes its food plan, known as SmartPoints. The company's services and products include meetings conducted by the company and its franchisees, digital offerings provided through its websites, mobile sites and apps, consumer products sold at meetings and through the company's websites, licensed and endorsed products sold in retail channels and magazine subscriptions and other publications. The company provides subscriptions for its plans for meetings and online subscriptions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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