OWINGS MILLS, Md., June 19, 2013 /PRNewswire/ -- Medifast, Inc.
(NYSE: MED), a leading United
States manufacturer and provider of clinically proven,
portion-controlled weight-loss products and programs, announced
today the appointment of Medifast Chairman and Chief Executive
Officer, Michael MacDonald, to the
Direct Selling Association (DSA) Board of Directors. The DSA is a
national trade association of leading companies that manufacture
and distribute goods and services sold directly to consumers.
(Logo:
http://photos.prnewswire.com/prnh/20120613/NE24271LOGO-b)
"For many years, Medifast, through its Take Shape For Life
direct selling division, has worked closely with the organization
to uphold the high ethical standards which are the tenets of the
DSA. I am pleased to have the opportunity to now contribute to the
growth and development of this esteemed association," said
Michael MacDonald, Chairman and
Chief Executive Officer, Medifast, Inc.
MacDonald was elected to a three-year term at the DSA Annual
Meeting in Phoenix, Arizona. He
brings more than 30 years of leadership experience to the Board and
joins an elite group of executives in the direct selling industry
who oversee the DSA's efforts.
"Mike MacDonald has a proven
track record of leading successful businesses and we're excited to
have him as part of our Board of Directors. We welcome his wealth
of knowledge and deep business experience to help guide the efforts
of the DSA," said Joseph Mariano,
President, DSA.
Take Shape For Life, a division of Medifast, offers clients the
Medifast 5&1 meal replacement program with the one-on-one
support and mentoring of a personal health coach. Since his
appointment as Medifast's Chairman of the Board in 2011, MacDonald
has overseen the consistent growth of the division. Today, Take
Shape For Life is comprised of more than 11,000 health coaches, who
support thousands of clients across the
United States.
MacDonald has served on Medifast's Board since 1998, and was
appointed Chairman and Chief Executive Officer in February 2012. Prior to this role, MacDonald
served as Executive Vice President at Office Max, Inc. where he led
the Contract Division, a $3.6 billion
business unit. MacDonald spent more than thirty years serving in a
variety of senior corporate officer positions for Xerox
Corporation, including Senior Vice President of Worldwide
Operational Effectiveness, President of Marketing Operations and
Global Accounts and President of Xerox North America. Among his
most significant roles was leading the turnaround in North America from 2000 to 2004, as President
of the North American Solutions Group, a $6.5 billion division of Xerox. MacDonald also
has international experience in marketing, sales and operations
with both Xerox and Office Max.
MED-G
About Medifast
Medifast (NYSE: MED) is the leading
easy-to-use, clinically proven, portion-controlled weight-loss
program. The company sells its products and programs via four
unique distribution channels: 1) the web and national call centers,
2) the Take Shape For Life personal coaching division, 3) Medifast
Weight Control Centers, and 4) a national network of physicians.
Medifast was founded in 1980 and is located in Owings Mills, Maryland. For more information,
log onto www.MedifastNow.com.
About Take Shape For Life
Take Shape for Life is the
direct selling division of Medifast. Through Take Shape For Life,
Clients can get a free personal Health Coach and mentor to guide
them throughout the processes of weight loss, weight management,
and the cultivation of lasting, healthy habits as defined by
co-founder Dr. Wayne S. Andersen and
the Habits of Health System. To learn more, log onto
www.TSFL.com.
About the Direct Selling Association
DSA is the
national trade association of the leading firms that manufacture
and distribute goods and services sold directly to consumers. Among
its more than 240 active and pending members are companies selling
both via a party-plan method and in the traditional
person-to-person style. In 2011, U.S. direct sales were more than
$29.8 billion with nearly 16 million
direct sellers nationwide. The vast majority are independent
business people—micro-entrepreneurs—whose purpose is to sell the
product/service of the company they voluntarily choose to
represent. Approximately 90 percent of direct sellers operate their
business part-time. For more information, visit
www.directselling411.com.
SOURCE Medifast, Inc.