BALTIMORE, March 4, 2020 /PRNewswire/ -- Medifast, Inc.
(NYSE: MED), the company behind one of the fastest-growing health
and wellness communities, OPTAVIA®, announced today
that Timothy G. Robinson, Chief
Financial Officer, will be stepping down from his position at the
company on March 31, 2020.
Medifast's Chief Executive Officer Dan
Chard and the Board of Directors have retained a leading
international executive search firm to help the company identify
and appoint a long-term successor to Mr. Robinson. Joseph Kelleman, has been appointed interim
Chief Financial Officer to lead the finance function until a
permanent appointment is made. Mr. Kelleman has had a distinguished
career with Medifast since joining in 2012, serving in a series of
senior financial roles in that time including Corporate Controller
and Vice President of Finance. He also served as interim Chief
Financial Officer of the company prior to the appointment of Mr.
Robinson in 2013.
"Tim has been an important member of the team in his seven years
at Medifast, and we wish him all the best in his future endeavors,"
said Dan Chard. "We are at an
exciting point in our company's journey, having driven rapid growth
and executing the development of an infrastructure to support
significant incremental growth over the coming years. We are well
positioned to build on our success in the
United States and in Asia,
as we move forward in our mission to offer the world lifelong
transformation one healthy habit at a time."
About Medifast
Medifast (NYSE: MED) is the company behind one of the
fastest-growing health and wellness
communities, OPTAVIA®, which offers Lifelong
Transformation, One Healthy Habit at a Time®. Based on nearly 40
years of experience, Medifast has redefined direct selling by
combining the best aspects of the model. Its community of thousands
of independent OPTAVIA Coaches teach Clients to develop
holistic healthy habits through products and clinically proven
plans, the Habits of Health® Transformational System and
comprehensive support from a community of like-minded people. In
2019, Medifast expanded the OPTAVIA movement globally,
beginning with the Asia-Pacific region. Medifast is
traded on the New York Stock Exchange and was named
to Fortune's 100 Fastest-Growing Companies list in
2019 and Forbes' 100 Most Trustworthy Companies in
America list in 2016 and 2017. For more information,
visit www.MedifastInc.com or www.OPTAVIA.com.
MED-F
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SOURCE Medifast, Inc.