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Nutrisystem

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BUSINESS
April 6, 2012 | Linda Loyd
Nutrisystem Inc. said Thursday the employment contract of chief executive Joseph Redling will not be renewed, and he will step down immediately as chairman of the board of directors. The Fort Washington diet-meals company said that Redling will remain CEO until his contract expires on Sept. 30, or until a successor is appointed. He will remain on the Nutrisystem board and will stand for reelection at the company's annual meeting in June, but will leave the board when he departs as CEO. The company named Michael J. Hagan, former chairman and CEO as nonexecutive chairman, effective immediately.
BUSINESS
February 21, 2008 | By Stacey Burling, Inquirer Staff Writer
Shares of NutriSystem Inc. fell yesterday after leaders of the Horsham-based diet-food company told stock analysts that penny-pinching potential customers were putting off their diets because of financial worries. As a result, revenue will be lower than analysts hoped. Shares closed yesterday at $16.58, down more than 30 percent. The stock had closed Tuesday at $23.89 a share. The company released quarterly and year-end earnings after markets closed Tuesday. The value of NutriSystem's shares increased rapidly after new investors bought the company in 2002.
BUSINESS
January 28, 2013
For its new chief executive, the board of the weight-loss company Nutrisystem Inc. picked a veteran of the publishing industry. On the face of it, helping people diet would seem to have little in common with giving them something good to read each month. But as Dawn M. Zier explained, both Nutrisystem and her previous employer, Reader's Digest Association Inc., are, at their core, direct-marketing firms. They sell their goods directly to customers, spending large amounts on advertising and marketing not only to reach new customers but to keep and sell more products to existing ones.
BUSINESS
March 16, 2013 | By Mike Armstrong, Inquirer Columnist
Old news: Companies have very few women on their boards of directors. Welcome news: Nutrisystem Inc. , of Fort Washington, and Pep Boys - Manny, Moe & Jack , of Philadelphia, both just added a woman to their male- dominated boards. Unusual twist: It's the same woman. Andrea M. Weiss was appointed to Nutrisystem's board on March 4. Eight days later, Pep Boys added Weiss, 57, to its board. For the last decade, Weiss has been president and CEO of an Orlando-based boutique consulting practice called Retail Consulting Inc. Her resumé includes stops at retailers such as Ann Taylor , delia's , Guess , Intimate Brands , and The Limited . So it would seem self-evident why consumer-oriented companies like Nutrisystem (selling meal plans)
BUSINESS
May 21, 2006 | By Stacey Burling INQUIRER STAFF WRITER
Watch a few NutriSystem ads and you soon realize this local diet-food company has nailed some essential truths: Men are about sex. Women are about chocolate. Everybody is about easy. And free. No wonder the Horsham company is on a roll. Last month, NutriSystem Inc. reported that its first quarter revenue quadrupled to $146.8 million, leading to a 600 percent surge in profit. It expects full-year revenue to more than double from 2005 to about $500 million, up from $22.6 million in 2003.
BUSINESS
December 19, 2007 | By Stacey Burling INQUIRER STAFF WRITER
In the competitive world of dieting, one of three Horsham-based weight-loss companies has taken an abrupt, mysterious fall. The demise of Pure Weight Loss Inc. follows a split three years ago between two key business partners and a name change last summer. Pure Weight Loss was once part of LA Weight Loss Centers Inc., which still operates from the same office park. In a terse statement, Pure Weight Loss said it would close Jan. 4 after 18 years because of "fierce competition from the Internet; the introduction of Alli, the over-the-counter weight-loss pill, and other commercial diet programs; combined with a difficult economic environment.
FOOD
March 25, 2010 | By Michael Klein, Inquirer Staff Writer
CLEARWATER, Fla. - Phillies manager Charlie Manuel remembers the night he knew he had to lose weight. It was early last season, and he was at home, watching a replay of a game. "I walked to the mound," he recalled in his office here. "I went out to congratulate the guy" for winning. "I was pulling my pants up, and my belly was over my belt. I knew I was heavy, but I didn't know how heavy I was. " Manuel weighed 286 pounds - 125 pounds more than he carried on his 6-foot-4 frame at Parry McCluer High School in Buena Vista, Va., and about 85 pounds more than his typical weight over his 15-year career as a player.
BUSINESS
March 2, 2013 | By Mike Armstrong, Inquirer Columnist
In the business world, chief executive officers soak up all the attention, especially when change is in the air. The announcement of new CEOs for CubeSmart of Wayne and Endo Health Solutions Inc. of Malvern within the last week were significant for each company. Endo shares rose 8 percent the day it announced it had hired Rajiv De Silva from outside the drug company and investors anticipated big changes would be made. Meanwhile, CubeSmart shares slid 2 percent as the long-telegraphed transition to a successor chosen from inside its ranks seemed to signal that the self-storage company would stay the course.
BUSINESS
June 5, 2013 | By Mike Armstrong, Inquirer Columnist
Conshohocken-based TargetX Inc. has spun off a consulting division that works with colleges on campus visits by students and their families. The 15-year-old privately held company would not disclose financial details of the transaction, only that it would retain a minority stake in the former division, which is being renamed Render Experiences and will continue to operate in Atlanta. Jeff Kallay , who joined TargetX as its "experience evangelist" in 2006, will be the CEO of Render Experiences.
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ENTERTAINMENT
August 21, 2014 | By Kellie Patrick Gates, For The Inquirer
Hello there "This is never going to work," Danielle told herself, taking in Matt's collar-length hair and deep green eyes. They had e-met on Match.com two weeks earlier. A picture of Danielle dressed in a blue dragon Halloween costume caught Lancaster native Matt's attention; her refreshingly well-written profile led the Susquehanna International Group software engineer, who earned his degree in management science and information systems from Pennsylvania State University, to say hello.
ENTERTAINMENT
May 29, 2014
TRY, TRY again! You've been there, right? Despite your good intentions, you keep falling off the exercise wagon and your diet plan, too. So, you think to yourself, well, maybe all I need is a jump-start, like some amazing gadget, magic elixir or some pills from the weight-loss fairy. That's what 45-year-old Philadelphia native Sandra (not her real name) thought. She claims that throughout the years she has tried every weight-loss gizmo, gadget and quick-fix scheme out there.
BUSINESS
December 31, 2013 | By Jane M. Von Bergen, Inquirer Staff Writer
When Dawn M. Zier arrived at Nutrisystem Inc. as its new chief executive last year, she came with decades of executive-level experience in direct-to-consumer marketing, which is how the Fort Washington diet company sells most of its products. But Zier had another qualification, unmatched by any previous CEO of Nutrisystem. Then 47, she precisely matched the company's target customer - a woman in her 40s struggling to lose 40 pounds. Conversely, Nutrisystem, looking gaunt, desperately needed to fatten up. With 2012 revenue at $396.9 million, down from $776.7 million in 2007, its shares were trading at $7.23, a tenth of what they commanded in 2007.
BUSINESS
June 5, 2013 | By Mike Armstrong, Inquirer Columnist
Conshohocken-based TargetX Inc. has spun off a consulting division that works with colleges on campus visits by students and their families. The 15-year-old privately held company would not disclose financial details of the transaction, only that it would retain a minority stake in the former division, which is being renamed Render Experiences and will continue to operate in Atlanta. Jeff Kallay , who joined TargetX as its "experience evangelist" in 2006, will be the CEO of Render Experiences.
BUSINESS
March 16, 2013 | By Mike Armstrong, Inquirer Columnist
Old news: Companies have very few women on their boards of directors. Welcome news: Nutrisystem Inc. , of Fort Washington, and Pep Boys - Manny, Moe & Jack , of Philadelphia, both just added a woman to their male- dominated boards. Unusual twist: It's the same woman. Andrea M. Weiss was appointed to Nutrisystem's board on March 4. Eight days later, Pep Boys added Weiss, 57, to its board. For the last decade, Weiss has been president and CEO of an Orlando-based boutique consulting practice called Retail Consulting Inc. Her resumé includes stops at retailers such as Ann Taylor , delia's , Guess , Intimate Brands , and The Limited . So it would seem self-evident why consumer-oriented companies like Nutrisystem (selling meal plans)
BUSINESS
March 2, 2013 | By Mike Armstrong, Inquirer Columnist
In the business world, chief executive officers soak up all the attention, especially when change is in the air. The announcement of new CEOs for CubeSmart of Wayne and Endo Health Solutions Inc. of Malvern within the last week were significant for each company. Endo shares rose 8 percent the day it announced it had hired Rajiv De Silva from outside the drug company and investors anticipated big changes would be made. Meanwhile, CubeSmart shares slid 2 percent as the long-telegraphed transition to a successor chosen from inside its ranks seemed to signal that the self-storage company would stay the course.
BUSINESS
January 28, 2013
For its new chief executive, the board of the weight-loss company Nutrisystem Inc. picked a veteran of the publishing industry. On the face of it, helping people diet would seem to have little in common with giving them something good to read each month. But as Dawn M. Zier explained, both Nutrisystem and her previous employer, Reader's Digest Association Inc., are, at their core, direct-marketing firms. They sell their goods directly to customers, spending large amounts on advertising and marketing not only to reach new customers but to keep and sell more products to existing ones.
BUSINESS
November 6, 2012
IN THE REGION Leadership changes at Teva Teva Pharmaceuticals Industries Ltd. , said it is changing the leadership of its Americas unit, which is based in North Wales, Montgomery County. Bill Marth will step down immediately as president and chief executive of Teva Americas and retire at the end of 2013. Until then, he will serve as an adviser to Jeremy Levin, who since early 2012 has been CEO of the entire company. Allan Oberman will become president and CEO of Teva Americas Generics.
BUSINESS
April 6, 2012 | Linda Loyd
Nutrisystem Inc. said Thursday the employment contract of chief executive Joseph Redling will not be renewed, and he will step down immediately as chairman of the board of directors. The Fort Washington diet-meals company said that Redling will remain CEO until his contract expires on Sept. 30, or until a successor is appointed. He will remain on the Nutrisystem board and will stand for reelection at the company's annual meeting in June, but will leave the board when he departs as CEO. The company named Michael J. Hagan, former chairman and CEO as nonexecutive chairman, effective immediately.
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