Jay Herratti Joins Nutrisystem Board of Directors
April 25 2013 - 4:35PM
Business Wire
Nutrisystem, Inc. (NASDAQ: NTRI), a leading provider of weight
management products and services, today announced that Jay Herratti
has been elected to the Board of Directors, effective
immediately.
“Jay’s track record of launching and leading interactive
companies and understanding and capitalizing on trends in the
ecommerce space make him a valued addition to the Board,” noted
Mike Hagan, Chairman of the Nutrisystem Board of Directors. “From
working with and leading consumer brands like Home Shopping
Network, Urbanspoon and Citysearch to mentoring Internet start-ups,
Jay is savvy when it comes to consumer behavior online and off.
We’re delighted to have him on the team as we continue to focus on
Nutrisystem’s turnaround.”
“I’m excited to join the Nutrisystem Board particularly at this
moment in time and with this leadership team,” said Mr. Herratti.
“Nutrisystem is a powerful brand in the weight loss space and the
company has such strong digital roots and potential. Capitalizing
on ecommerce and other trends and translating that into growth
strategies is what attracted me to this board position. I’m excited
about the opportunity to help this enduring brand return to
growth.”
Since May 2012, Mr. Herratti has been focused on mentoring
Internet start-up businesses, leading professional groups, and
providing advisory services. Previously, Mr. Herratti was the Chief
Executive Officer of CityGrid Media, LLC, an online media company
that connects web and mobile publishers with local advertisers.
CityGrid Media owns and operates CityGrid, a local content and
advertising network, as well as leading consumer brands such as
Urbanspoon, Citysearch and InsiderPages.
Mr. Herratti has also held leadership positions with
IAC/InterActive Corp, the Home Shopping Network (HSN), Boston
Consulting Group and GE Capital. Mr. Herratti has a B.S. in
Business & Management from the University of Maryland at
College Park, and an MBA from INSEAD in Fontainbleu, France.
Forward-Looking Statement Disclaimer
Information provided and statements contained in this press
release that are not purely historical, such as details about the
company’s management changes and future prospects, 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 for over 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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