The Daily Record Names Medifast's Michael MacDonald a "Most Admired CEO"

MacDonald Recognized as One of Maryland's Most Inspiring Leaders for Strategic Direction and Innovation at Medifast

OWINGS MILLS, Md. - July 21, 2014 // PRNewswire // - Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven, portion-controlled weight-loss products and programs, is proud to announce that Michael MacDonald, Chairman and Chief Executive Officer, was named as The Daily Record's Most Admired CEOs.

The Daily Record award recognizes talented business CEOs and nonprofit executive directors throughout Maryland for their leadership and professionalism. The winners are selected based on their leadership, vision, competitiveness, innovation, community service, financial performance, board service and nonprofit involvement.

At Medifast, MacDonald is instrumental in building the company's strategic direction and making necessary infrastructure investments to support near- and long-term success. Under MacDonald's direction, over 30 new products will be introduced in 2014, the most in the company's history. MacDonald has also initiated the transition of its company-owned weight loss centers to a less capital-intensive franchise model. This provides Medifast a more efficient investment strategy to continue to grow its center distribution channel.

Additionally, MacDonald spearheaded the company's first major international expansion by partnering with MEDIX, a leader in pharmaceutical obesity products in Mexico, to distribute Medifast products in Mexico, South American and Central America. Medifast also furthered its global reach with the recent launch of its e-commerce business channel in Canada.

"Those named Most Admired CEO have more than in-depth knowledge about running a company or organization. They require an extraordinary level of drive and ambition because it is a tremendously challenging job," said Suzanne Fischer-Huettner, publisher of The Daily Record. "They have learned the value of surrounding themselves with great team members, with leaders and employees who believe in the organization's core values and mission. We at The Daily Record are honored to recognize these inspiring individuals."

As of part of the recognition, MacDonald will be honored at a VIP reception on Sept. 18 at the BWI Hilton in Linthicum Heights. His profile will appear in a special section of The Daily Record on Sept. 19.

MED-G

About Medifast

Medifast (NYSE: MED) is the leading easy-to-use, clinically proven, portion-controlled weight-loss program. The company sells its products and programs via four unique distribution channels: 1) the Web and national call centers, 2) the Take Shape For Life personal coaching division, 3) Medifast Weight Control Centers, and 4) a national network of physicians. Medifast was founded in 1980 and is located in Owings Mills, Maryland. For more information, log onto www.MedifastNow.com.

SOURCE Medifast, Inc.

News Provided by Acquire Media

 

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

PuroClean
Join the national insurance restoration service franchise that specializes in fire, mold, and water damage clean up. PuroClean offers a low investment
ProSource Wholesale
ProSource is America's largest wholesale home improvement franchise; a truly unique B2B franchise model. Our owners enjoy strong cash flow with...
Firehouse Subs
We are currently looking for hard-working, dedicated people to become Area Representatives in markets throughout the United States.
StretchLab
Founded in 2015, StretchLab was established in Los Angeles, California to fulfill the vision of creating an affordable assisted stretching concept...
AAMCO Transmissions and Total Car Care
AAMCO franchisees benefit from joining a brand that has been in business for over 50 years. Our iconic, Double A, Beep Beep, M-C-O mnemonic brings...
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.