Michael MacDonald to Step Down as Non-Executive Chairman of Medifast's Board of Directors; Chief Executive Officer Dan Chard Named Chairman
"I want to thank Michael for his dedication to Medifast (MED) over the course of more than two decades in a number of different roles. His leadership and counsel have been invaluable to the company, and he has helped us create a solid foundation as we enter the next exciting stage of Medifast's (MED) development," continued Chard.
About Medifast®
Medifast is the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, which offers scientifically developed products, clinically proven plans and the support of Coaches and a Community to help Clients achieve Lifelong Transformation, One Healthy Habit at a Time®. Based on nearly 40 years of experience, Medifast (MED) has redefined direct selling by combining the best aspects of the model. Its community of thousands of independent OPTAVIA Coaches teach Clients how to develop holistic healthy habits through the proprietary Habits of Health® Transformational System. Medifast (MED) is traded on the New York Stock Exchange and ranked second on FORTUNE's 100 Fastest-Growing Companies list in 2020. The company was also named to Forbes' 100 Most Trustworthy Companies in America list in 2017. For more information, visit MedifastInc.com or OPTAVIA.com.
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SOURCE Medifast, Inc. (MED)