Oprah Winfrey has extended her partnership with WW, formerly known as Weight Watchers, for another five years.
WW International announced Monday that Winfrey will remain on the board and continue as an adviser and major shareholder through May 2025. She joined WW's board in October 2015 and bought a 10% stake in the company, worth $43 million. However, she has sold off some of her stake in the past few years. She currently has a 8% stake in WW, according to Refinitv. As part of her extended deal, Winfrey has the option of increasing her stake once again: She can buy up to 3.
Read MoreIn her current role, she is focusing on creative strategy and the company's brand efforts. She's kicking off a tour in January with WW where she will interview celebrities, including former first lady Michelle Obama, and"guide attendees through a series of self-reflections, leading to a personal 2020 action plan."Winfrey has also helped guide WW's name change and evolution of the brand ethos from a diet company to a health and wellness brand.
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