Weight Watchers Names Steven C. McCormick as President, North America
NEW YORK, Oct. 8 // PRNewswire-FirstCall // -- Weight Watchers International, Inc. (NYSE: WTW) today announced the appointment of Steven C. McCormick to serve as its President, North America, effective November 3, 2008. McCormick, a seasoned executive with extensive consumer product, operations and general management experience, will oversee the Company's North American meetings operations, including its North American products, publishing and licensing businesses and will be reporting to David P. Kirchhoff, President and Chief Executive Officer of the Company.
McCormick joins the Company from Odwalla, Inc., a leading natural health beverage company and a wholly owned subsidiary of The Coca-Cola Company, where he served as President and Chief Operating Officer for the past five years. Prior to his tenure at Odwalla, McCormick held a range of increasingly significant operational and leadership positions at Coca-Cola Enterprises Inc., the largest global marketer, producer and distributor of The Coca-Cola Company.
"Steve has a unique combination of operational skills and consumer orientation," said Kirchhoff. "His previous experiences, broad background and keen insight make him the ideal person to further drive our North American business as we continue to work to help all consumers achieve healthier lifestyles."
"It is an honor for me to join the Weight Watchers team," said McCormick. "Weight Watchers is uniquely positioned to have a significant impact on the obesity epidemic in this country. I am very excited about my opportunity to make a meaningful contribution to an organization whose mission is so focused on dealing with this important issue."
About Weight Watchers International, Inc.
Weight Watchers International, Inc. is the world's leading provider of weight management services, operating globally through a network of Company-owned and franchise operations. Weight Watchers holds over 50,000 weekly meetings where members receive group support and learn about healthy eating patterns, behavior modification and physical activity. WeightWatchers.com provides innovative, subscription weight management products over the Internet and is the leading Internet-based weight management provider in the world. In addition, Weight Watchers offers a wide range of products, publications and programs for those interested in weight loss and weight control.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. The reports filed by the Company pursuant to United States securities laws contain discussions of these risks and uncertainties. The Company assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review the Company's filings with the United States Securities and Exchange Commission (which are available from the SEC's EDGAR database at http://www.sec.gov, at various SEC reference facilities in the United States and via the Company's website at http://www.weightwatchersinternational.com).
Contact Information:
Investors: Weight Watchers International, Inc. Brainerd Communicators, Inc. Sarika Sahni Corey Kinger Investor Relations (212) 986-6667 (212) 589-2751
SOURCE Weight Watchers International Inc.
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