Andrea Weiss Joins Nutrisystem Board of Directors
March 04 2013 - 4:01PM
Business Wire
Nutrisystem, Inc. (NASDAQ: NTRI), a leading provider of weight
management products and services, today announced that Andrea Weiss
has joined the Company’s board of directors, effective immediately.
She replaces Michael F. Devine, who has resigned from the
board.
Andrea Weiss Joins Nutrisystem Board of
Directors (Photo: Nutrisystem, Inc.)
Ms. Weiss, 57, is the founder and current President and Chief
Executive Officer of Retail Consulting, Inc., a boutique consulting
practice focused on product and brand development, consumer contact
strategies, operational improvements, and turnarounds, and has
served as its President and Chief Executive Officer since its
formation in October 2002. She has extensive specialty retail
experience, having served in several senior executive positions
with dELiA*s Inc., The Limited, Inc., Intimate Brands, Inc., Guess,
Inc., and Ann Taylor Stores, Inc. Ms. Weiss currently serves on the
board of directors of Cracker Barrel Old Country Store, Inc. and
Chico’s FAS, Inc. Previously, Ms. Weiss served on the boards of
directors of GSI Commerce, Inc. from 2006 to 2011 and eDiets.com,
Inc. from 2004 to 2009.
Mike Hagan, Chairman of the Nutrisystem board of directors,
stated, “Andrea Weiss brings a unique perspective to the
Nutrisystem board, having been directly responsible for the
marketing and development of several of the most recognizable
retail brands for women in the United States. As over 70 percent of
Nutrisystem’s customers are women, her insight and knowledge of
this important demographic will be invaluable as we execute our
turnaround plan. In addition, she brings ecommerce expertise
through her board membership at GSI Commerce, and knowledge of the
diet industry as a result of her directorship at eDiets, both of
which are analogous to Nutrisystem’s business.”
Andrea Weiss added, “I’m thrilled to join the board at
Nutrisystem, which is one of the most enduring brands in the weight
loss industry. As Americans continue to struggle with obesity,
Nutrisystem has the products and services consumers need to meet
their weight loss goals. I believe the company has a nearly
unlimited opportunity to build its business, and I look forward to
working with Dawn Zier, Mike Hagan, and the board to execute on our
growth opportunity.”
Mike Hagan added, “On behalf of the entire Nutrisystem board,
I’d like to thank Mike Devine for his contributions over the past 5
and a half years. His insight and leadership, especially in the
financial operations of the company, were invaluable and we wish
him the best.”
Forward-Looking Statement Disclaimer
Information provided and statements contained in this press
release that are not purely historical are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934 and the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements only speak as of the date of this press
release and the Company assumes no obligation to update the
information included in this press release. Statements made in this
press release that are forward-looking in nature may involve risks
and uncertainties. Accordingly, readers are cautioned that any such
forward-looking statements are not guarantees and are subject to
certain risks, uncertainties and assumptions that are difficult to
predict, including, without limitation, specific factors discussed
herein and in other releases and public filings made by the Company
(including filings by the Company with the Securities and Exchange
Commission). Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable as of
the date made, expectations may prove to have been materially
different from the results expressed or implied by such
forward-looking statements. Unless otherwise required by law, the
Company also disclaims any obligation to update its view of any
such risks or uncertainties or to announce publicly the result of
any revisions to the forward-looking statements made in this press
release.
About Nutrisystem
Having helped Americans lose millions of pounds over the last 40
years, Nutrisystem, Inc. (NASDAQ: NTRI) develops evidence-based
programs for healthy weight management, and is the leading provider
of home-delivered weight loss meal plans. Nutrisystem offers
balanced nutrition in the form of low glycemic index meal plans
designed for men and women, including seniors, vegetarians and the
Nutrisystem® D® program for people with diabetes or at risk for
type 2 diabetes. Nutrisystem® plans include a wide variety of
pantry and frozen entrees and snacks to aid in program satisfaction
and adherence, as well as transition plans to support long-term
success. The Fort Washington, PA-based company also provides weight
management support and counseling by trained weight-loss coaches
and registered dietitians, as well as through an engaged online
community, online tools and trackers, mobile apps, cookbooks and
more. Healthcare professionals may learn more about the programs by
visiting www.nutrisystem.com/hcp. Nutrisystem® weight loss plans
are available directly to consumers through www.nutrisystem.com, by
phone (1-800-435-4074) and at select retailers.
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