NEW YORK, Dec. 12, 2011 // PRNewswire // -- Weight Watchers International, Inc. (NYSE: WTW) today announced the appointment of Colin Watts as Senior Vice President, Wellness and Global Innovation, effective January 3, 2012. Watts will oversee the Company's North American B2B/Healthcare business operations in addition to its Global Innovation and Consumer Insights teams. Watts will report to David A. Burwick, President, North America.
Watts brings a broad range of experiences in general management, marketing and innovation from consumer and healthcare companies. Most recently, he served as Corporate Vice President and Chief Innovation Officer at Walgreen Co. where he was in charge of the recently created Corporate Innovation Division. Prior to this position at Walgreens, Watts had significant senior leadership roles at Johnson & Johnson as President of McNeil Nutritionals Worldwide and McNeil Consumer Healthcare Worldwide. In these roles, he was responsible for building businesses such as Tylenol, Motrin, Imodium and Splenda. Watts also had various marketing roles early in his career at both Johnson & Johnson and Nabisco. He received his B.A. from Brown University and his joint MBA/Masters of International Relations from the University of Pennsylvania.
"Colin comes to us at a very exciting time in North America as we accelerate the growth of our B2B/Healthcare business, starting with large, self-insured companies and leading to new partnerships with payers, providers and physicians that will significantly expand the reach and affordability of our services," said Burwick. "Colin's broad array of experiences and knowledge of the healthcare space and innovation development and commercialization make him uniquely qualified to transform our efforts in these critical areas."
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 45,000 meetings each week 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 www.sec.gov, at various SEC reference facilities in the United States and via the Company's website at www.weightwatchersinternational.com).
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