Jay Herratti Joins Nutrisystem Board of Directors
E-business strategist with a successful track record of scaling online
businesses brings important perspective to board
FORT WASHINGTON, Pa. -- April 25, 2013
Nutrisystem, Inc. (NASDAQ: NTRI), a leading provider of weight management
products and services, today announced that Jay Herratti has been elected to
the Board of Directors, effective immediately.
“Jay’s track record of launching and leading interactive companies and
understanding and capitalizing on trends in the ecommerce space make him a
valued addition to the Board,” noted Mike Hagan, Chairman of the Nutrisystem
Board of Directors. “From working with and leading consumer brands like Home
Shopping Network, Urbanspoon and Citysearch to mentoring Internet start-ups,
Jay is savvy when it comes to consumer behavior online and off. We’re
delighted to have him on the team as we continue to focus on Nutrisystem’s
“I’m excited to join the Nutrisystem Board particularly at this moment in time
and with this leadership team,” said Mr. Herratti. “Nutrisystem is a powerful
brand in the weight loss space and the company has such strong digital roots
and potential. Capitalizing on ecommerce and other trends and translating that
into growth strategies is what attracted me to this board position. I’m
excited about the opportunity to help this enduring brand return to growth.”
Since May 2012, Mr. Herratti has been focused on mentoring Internet start-up
businesses, leading professional groups, and providing advisory services.
Previously, Mr. Herratti was the Chief Executive Officer of CityGrid Media,
LLC, an online media company that connects web and mobile publishers with
local advertisers. CityGrid Media owns and operates CityGrid, a local content
and advertising network, as well as leading consumer brands such as
Urbanspoon, Citysearch and InsiderPages.
Mr. Herratti has also held leadership positions with IAC/InterActive Corp, the
Home Shopping Network (HSN), Boston Consulting Group and GE Capital. Mr.
Herratti has a B.S. in Business & Management from the University of Maryland
at College Park, and an MBA from INSEAD in Fontainbleu, France.
Forward-Looking Statement Disclaimer
Information provided and statements contained in this press release that are
not purely historical, such as details about the company’s management changes
and future prospects, are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements only speak as of the date of this press
release and the Company assumes no obligation to update the information
included in this press release. Statements made in this press release that are
forward-looking in nature may involve risks and uncertainties. Accordingly,
readers are cautioned that any such forward-looking statements are not
guarantees and are subject to certain risks, uncertainties and assumptions
that are difficult to predict, including, without limitation, specific factors
discussed herein and in other releases and public filings made by the Company
(including filings by the Company with the Securities and Exchange
Commission). Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable as of the date made,
expectations may prove to have been materially different from the results
expressed or implied by such forward-looking statements. Unless otherwise
required by law, the Company also disclaims any obligation to update its view
of any such risks or uncertainties or to announce publicly the result of any
revisions to the forward-looking statements made in this press release.
Having helped Americans lose millions of pounds for over 40 years,
Nutrisystem, Inc. (NASDAQ: NTRI) develops evidence-based programs for healthy
weight management, and is the leading provider of home-delivered weight loss
meal plans. Nutrisystem offers balanced nutrition in the form of low glycemic
index meal plans designed for men and women, including seniors, vegetarians
and the Nutrisystem® D® program for people with diabetes or at risk for type 2
diabetes. Nutrisystem® plans include a wide variety of pantry and frozen
entrees and snacks to aid in program satisfaction and adherence, as well as
transition plans to support long-term success. The Fort Washington, PA-based
company also provides weight management support and counseling by trained
weight-loss coaches and registered dietitians, as well as through an engaged
online community, online tools and trackers, mobile apps, cookbooks and more.
Healthcare professionals may learn more about the programs by visiting
www.nutrisystem.com/hcp. Nutrisystem® weight loss plans are available directly
to consumers through www.nutrisystem.com, by phone (1-800-435-4074) and at
Senior Vice President
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