Exhibit 99.1
![LOGO](https://capedge.com/proxy/8-K/0001193125-23-077921/g470130snap1.jpg)
For more information, contact:
Investors:
Corey Kinger
corey.kinger@ww.com
Media:
Kelsey Merkel
kelsey.merkel@ww.com
WW International, Inc. Announces Upcoming Changes to Board of Directors
NEW YORK (March 23, 2023) – WW International, Inc. (NASDAQ: WW) (“WeightWatchers,” “WW,” or the “Company”) announced several upcoming changes to its Board of Directors (the “Board”) in connection with the Company’s annual meeting of shareholders to be held on May 9, 2023 (the “2023 Annual Meeting”).
Directors Raymond Debbane, who currently serves as Chairman of the Board, and Jonas Fajgenbaum will not be standing for re-election at the 2023 Annual Meeting. Mr. Debbane will step down as Chairman effective as of the midnight prior to the 2023 Annual Meeting. The Board has appointed Thilo Semmelbauer as Chairman of the Board effective May 9, 2023, the day of the 2023 Annual Meeting.
“For over 23 years, I have seen WeightWatchers evolve and transform, serving members in new technology-enabled ways while staying true to its core principles and remaining the gold standard in weight management,” said Raymond Debbane, Chairman of the Board. “It has been an honor to serve as Chairman of the Board as WeightWatchers evolved from a controlled privately-held company to a standalone public company, now under the able leadership of CEO Sima Sistani. I am proud to pass the Chairman’s baton to Thilo Semmelbauer, with whom I have closely worked for many years.”
Messrs. Debbane and Fajgenbaum have served on the Company’s Board of Directors since the acquisition by Artal Luxembourg S.A. in September 1999. Mr. Debbane is a co-founder and the Chief Executive Officer of The Invus Group, LLC. He is also the Chief Executive Officer and a director of Artal Group S.A., and the Chairman of the Board of Directors of a number of private companies of which Artal Group S.A. or Invus, L.P. are shareholders. Mr. Fajgenbaum is a Managing Director of The Invus Group, LLC, which he joined in 1996.
“I am gratified to be elected Chairman by the members of the Board. I have been part of many stages of WeightWatchers’ evolution over the years, including the creation of WeightWatchers.com, its subsequent merger and integration with WeightWatchers’ Workshops business, the Company’s transition to a subscription model, and more recently, serving as a member of the Interim Office of the CEO during a leadership transition. I am honored to take on this new role for the next phase of the Company’s transformation,” said Thilo Semmelbauer, Chairman-Elect of the Board.