Does Oprah Still Own Weight Watchers Stock

Oprah Winfrey to Step Down from WeightWatchers Board

Ending a Long-Standing Relationship

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Winfrey's Departure Signals Shift for WeightWatchers

In a significant departure from the company, Oprah Winfrey has announced her resignation from the board of directors of WeightWatchers International (WW). The announcement, made late Wednesday, sent WW shares into a downturn. Winfrey has been a significant shareholder and board member for nine years, but her decision to step down marks a shift in the company's leadership.

Winfrey owns approximately 11 million shares of WW International, representing a stake of about 14.3%. Her departure comes as the company faces challenges amid evolving consumer trends and increased competition. The stock price has been declining in recent months, and Winfrey's decision may be seen as a sign of her lack of confidence in the company's future.

It is unclear what factors influenced Winfrey's decision to leave the board. In an official statement, she mentioned that her tenure as a director had been "an extraordinary ride," but did not provide specific reasons for her departure. WeightWatchers has expressed gratitude for Winfrey's contributions and emphasized its commitment to continuing to transform people's lives through its health and wellness programs.