FORT WASHINGTON, Pa.,
June 22, 2015 /PRNewswire/ --
Nutrisystem, Inc. (NASDAQ:NTRI), a leading provider of weight
management products and services, is pleased to announce the
Company's Chief Financial Officer, Mike
Monahan, has been named a 2015 CFO of the Year finalist by
Philadelphia Business Journal. The prestigious nomination
recognizes professionals in the Greater
Philadelphia area for outstanding performance in their roles
as corporate financial stewards.
"We're delighted Mike is being recognized for his pivotal role
in the Nutrisystem turnaround," commented Nutrisystem CEO,
Dawn Zier. "Mike is a tremendously
effective CFO and an extraordinary asset to our management
team."
Monahan Role in Nutrisystem Turnaround
Mr. Monahan, who rejoined Nutrisystem in 2013, will be
recognized at an upcoming awards luncheon as one of the region's
top financial officers during a critical juncture for the iconic
brand. His formidable efforts were directly tied to the
company's ability to increase shareholder value, reinvest in growth
strategies and add to operating cash flow.
For full year 2014, the company generated double-digit revenue
growth of 13% reversing a multi-year trend of a year-over-year
decrease in revenue. In addition, there were significant
bottom-line improvements with 2014 adjusted earnings per share
increasing year-over-year by 65% and adjusted EBITDA growing
35%.
Mike believes success comes from disciplined execution. He and
the Nutrisystem management team remain focused, having recently
exceeded expectations during Q1 2015, delivering seven consecutive
quarter of year-over-year revenue growth, raising guidance and
outperforming the competitive set.
About Nutrisystem, Inc.
Nutrisystem, Inc.
(NASDAQ: NTRI) is a leader in the weight loss industry, having
helped millions of people lose weight over the course of more than
40 years. The Company's weight loss solutions include Nutrisystem®
My Way®, a 28-day structured food delivery program, multi-day kits
available at select retail outlets and a new free app and digital
platform NuMi® by Nutrisystem. The Company's current product
line offers customers the most meal choices, including more than
100 foods containing no artificial preservatives or artificial
flavors. Nutrisystem® plans are consistent with national guidelines
for dietary intake meeting targets for fat, sodium, sugar,
cholesterol, fiber and physical activity and include comprehensive
counseling options from trained weight-loss coaches, registered
dietitians and certified diabetes educators. Plans can be
customized to specific dietary needs and preferences including the
Nutrisystem® D® program for people with Type 2 diabetes or
pre-diabetes. For more information, go to
NutrisystemNews.com.
Logo - http://photos.prnewswire.com/prnh/20140430/82714
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/nutrisystem-cfo-mike-monahan-named-2015-cfo-of-the-year-finalist--by-philadelphia-business-journal-300102517.html
SOURCE Nutrisystem, Inc.