Weight Watchers Int'l CEO James Chambers Resigns

(RTTNews) - Weight Watchers International Inc. (WTW) said that it is commencing a search for a new CEO to lead the next stage of the Company's growth. James Chambers has notified the Board of Directors of his resignation as Chief Executive Officer, effective September 30, 2016, and as a Director of the Company.

In addition, Thilo Semmelbauer, who had previously served as Chief Operating Officer with Weight Watchers until 2008, has been elected to the Company's Board of Directors.

To lead the company until a permanent CEO is appointed, the Board announced the creation of an interim Office of the Chief Executive Officer. The three members of the Office of the CEO are Nicholas Hotchkin, Chief Financial Officer, Thilo Semmelbauer, Director, and Christopher Sobecki, Director.