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WW International, Inc. Appoints Felicia DellaFortuna as Chief Financial Officer

Quiver Quantitative ·  11/27 20:12

WW International, Inc. has appointed Felicia DellaFortuna as CFO, effective January 1, 2025, succeeding Heather Stark.

Quiver AI Summary

WW International, Inc. has announced the appointment of Felicia DellaFortuna as Chief Financial Officer, effective January 1, 2025, succeeding Heather Stark, who will remain with the company until December 27, 2024. Tara Comonte, Interim CEO, expressed enthusiasm for DellaFortuna's extensive financial leadership experience, highlighting its importance during a transformative period for WeightWatchers as it seeks sustainable growth and operational excellence. DellaFortuna has a strong background, having served as CFO at Enthusiast Gaming and BuzzFeed, and is recognized for her role in driving profitability and strategic initiatives. She expressed her honor to join WeightWatchers and her commitment to fostering financial discipline and supporting strategic goals for long-term success.

Potential Positives

  • The appointment of Felicia DellaFortuna as Chief Financial Officer signifies a strategic move to enhance financial leadership during a critical transformation period for WeightWatchers.
  • DellaFortuna brings a strong track record of operational efficiency and profitability from her previous roles, which could positively impact WeightWatchers' financial strategy and stability.
  • The leadership transition is positioned as a moment of renewal and growth, aiming to bolster WeightWatchers' status as a global leader in weight management.

Potential Negatives

  • The transition of CFOs can indicate potential instability within the company's financial leadership, particularly if it occurs during a critical transformation period.
  • The appointment follows the departure of Heather Stark, suggesting possible underlying issues or challenges during her tenure that may not have been resolved.
  • The press release highlights a need for "transformational" leadership, which may imply that previous strategies were inadequate or ineffective in adapting to industry changes.

FAQ

Who is the new CFO of WeightWatchers?

Felicia DellaFortuna has been appointed as the new Chief Financial Officer of WeightWatchers effective January 1, 2025.

When does Felicia DellaFortuna officially take over as CFO?

Felicia DellaFortuna will officially take over as CFO on January 1, 2025.

What experience does Felicia DellaFortuna bring to WeightWatchers?

DellaFortuna brings extensive financial leadership experience, having held key roles at Enthusiast Gaming and BuzzFeed, focusing on profitability and growth.

What did Tara Comonte say about the new CFO?

Tara Comonte expressed excitement about DellaFortuna's expertise as pivotal for navigating significant changes and achieving long-term growth at WeightWatchers.

What is WeightWatchers' mission and focus?

WeightWatchers is dedicated to empowering individuals through science-backed weight management solutions and fostering healthy habits for sustainable living.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$WW Insider Trading Activity

$WW insiders have traded $WW stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here's a breakdown of recent trading of $WW stock by insiders over the last 6 months:

  • SIMA SISTANI (Chief Executive Officer) purchased 65,000 shares.
  • DENIS F KELLY purchased 64,500 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$WW Hedge Fund Activity

We have seen 29 institutional investors add shares of $WW stock to their portfolio, and 126 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • BALYASNY ASSET MANAGEMENT L.P. removed 1,352,559 shares (-100.0%) from their portfolio in Q3 2024
  • QUBE RESEARCH & TECHNOLOGIES LTD removed 1,091,523 shares (-91.8%) from their portfolio in Q3 2024
  • ARISTEIA CAPITAL, L.L.C. removed 1,006,521 shares (-100.0%) from their portfolio in Q3 2024
  • VERITION FUND MANAGEMENT LLC removed 937,929 shares (-100.0%) from their portfolio in Q2 2024
  • TWO SIGMA INVESTMENTS, LP removed 814,607 shares (-51.4%) from their portfolio in Q3 2024
  • RENAISSANCE TECHNOLOGIES LLC removed 801,312 shares (-100.0%) from their portfolio in Q2 2024
  • TWO SIGMA ADVISERS, LP removed 741,600 shares (-46.7%) from their portfolio in Q3 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release



NEW YORK, Nov. 27, 2024 (GLOBE NEWSWIRE) -- WW International, Inc. (NASDAQ: WW) ("WeightWatchers," "WW," or the "Company") today announced the appointment of Felicia DellaFortuna as Chief Financial Officer, effective January 1, 2025. She succeeds Heather Stark, who will remain with the Company through December 27, 2024.



"We are thrilled to welcome Felicia DellaFortuna as our new Chief Financial Officer at this pivotal time for WeightWatchers," said Tara Comonte, Interim Chief Executive Officer. "Felicia brings extensive experience in strategic financial leadership, operational excellence, and enterprise value creation that will be instrumental as we navigate this critical period of transformation. Our industry is evolving rapidly, and so is WeightWatchers. With Felicia's expertise, we will execute on improving our business and delivering sustainable, long-term growth with discipline and focus to ensure WeightWatchers remains the undisputed global leader in weight management now and into the future."



Comonte added, "I also want to take this opportunity to sincerely thank Heather for her many contributions to WeightWatchers. Her leadership has been important in navigating the business through a rapidly changing global healthcare landscape, and we are deeply grateful for her dedication and impact during such an important chapter in the company's history."



DellaFortuna is an accomplished financial leader with a track record of driving operational efficiency and fostering growth. As Chief Financial Officer of Enthusiast Gaming, a global gaming media platform, she led financial strategy and operations, driving the business to profitability and strengthening its balance sheet in the dynamic digital media sector.



Previously, as Chief Financial Officer of BuzzFeed, Inc., DellaFortuna played a pivotal role in its transformation into one of the first profitable pure-play digital media companies. She diversified revenue streams and enhanced its growth strategy, unlocked synergies across business units, and led corporate development initiatives, including the acquisitions of Complex Networks and HuffPost. Earlier in her career, she held senior finance roles at Viant Technology Inc. and XIX Entertainment. DellaFortuna began her career at Ernst & Young in Transaction Advisory Services and Audit. A Certified Public Accountant, she brings deep expertise in navigating complex business environments with precision and discipline.



"I am honored to join WeightWatchers at such a transformative moment in its journey," said DellaFortuna. "The company has an incredible legacy positively empowering millions of people within its communities, and delivering industry-leading innovation over many decades. I am excited to collaborate with the team to foster financial discipline, support key strategic initiatives, and position WeightWatchers for sustained growth and long-term success."




About WW International, Inc.

WeightWatchers is the global leader in science-backed weight management, providing an accessible, holistic model of care through our #1 doctor-recommended Points Program, clinical interventions including weight-loss medications, and community support. Since 1963, we have empowered our millions of members to build healthy habits to live longer lives. Our innovative, trusted spectrum of solutions provides members with the tools and resources they need to reach and sustain their goals wherever they are on their journey. To learn more visit


weightwatchers.com


or


corporate.ww.com


.




This news release includes "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, any statements about the Company's plans, strategies, objectives, initiatives, roadmap and prospects. The Company generally uses the words "may," "will," "could," "expect," "anticipate," "believe," "estimate," "plan," "intend," "aim" and similar expressions in this news release to identify forward-looking statements. The Company bases these forward-looking statements on its current views with respect to future events and financial performance. Actual results could differ materially from those projected in the forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions that could cause the Company's results to differ materially from those expressed or suggested in any forward-looking statement, including, among other things the risks and uncertainties detailed from time to time in the Company's periodic reports filed with the United States Securities and Exchange Commission (the "SEC"), including the disclosure contained in Item 1A. Risk Factors in the Company's 2023 Annual Report on Form 10-K filed with the SEC, as updated by the Company's other filings with the SEC. Except as required by law, the Company does not undertake any obligation to update or revise these forward-looking statements to reflect new information or events or circumstances that occur after the date of this news release or to reflect the occurrence of unanticipated events or otherwise. Readers are advised to review the Company's filings with the SEC (which are available on the SEC's EDGAR database at




www.sec.gov




and via the Company's website at









).




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