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Oprah has served on the board of Weight Watcher since 2015.

Oprah has served on the board of Weight Watcher since 2015.
Picture: Frederic J. Brown (Getty Pictures)

Media mogul Oprah Winfrey is dropping her spot on the board of administrators for the load loss firm Weight Watchers. Winfrey, who has been a member of the board since 2015, won’t stand for re-election at the company’s shareholder meeting in May, Weight Watchers introduced on Wednesday.

The information comes at a time when a new class of weight loss dugs known GLP-1s — well-liked manufacturers embrace Ozempic, Wegovy, and Zepbound — have been placing stress on Weight Watchers. The company’s stock fell 25% throughout premarket buying and selling on Thursday.

Winfrey mentioned in a press release that she’s going to proceed to advise Weight Watchers and its CEO Sima Sistani “in elevating the dialog round recognizing weight problems as a persistent situation, working to cut back stigma, and advocating for well being fairness.”

Learn extra: Weight loss drugs like Ozempic have food CEOs so ‘scared’ they’re calling Novo Nordisk for advice

Winfrey mentioned she is donating all her Weight Watchers shares to the Nationwide Museum of African American Historical past and Tradition. Weight Watchers mentioned it helps Winfrey’s choice, which it added would “remove any perceived battle of curiosity round her taking weight reduction drugs.”

Weight Watchers is loosing the battle for GLP-1s

Simply days after Winfrey acknowledged in December that she’s taking a GLP-1, Weight Watchers launched a program to offer its members prescriptions of the popular medications.

The transfer has not paid off thus far.

Weight Watchers’ net income loss grew 140% to $88.1 million within the three months ending Dec. 30, from $35.8 million in the identical interval the earlier 12 months.

In distinction, market leader Novo Nordisk’s upward climb doesn’t look like it is going to finish anytime quickly. The corporate reported in January that its 2023 gross sales jumped 31% to 232.3 billion Danish kroner ($33.8 billion), in contrast with 177 billion Danish kroner ($25 billion) in 2022. It additionally tasks gross sales will improve by as much as 26% in 2024.

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