Shares of WW International Inc.
WW,
better known as Weight Watchers, tumbled after hours on Wednesday after the weight-loss platform said Oprah Winfrey would not stand for re-election for the company’s board during its annual shareholder meeting in May. The company also said that Winfrey, who has served on the board since 2015, would donate her shares in Weight Watchers to the National Museum of African American History and Culture, a move intended to “eliminate any perceived conflict of interest” around her decision to take weight-loss medications. Winfrey told People late last year that she used a weight loss medication. Shares fell 25.3% after hours.
