OWINGS MILLS, Md., July 23, 2013 /PRNewswire/ -- Medifast, Inc.
(NYSE: MED), a leading United
States manufacturer and provider of clinically proven,
portion-controlled weight-loss products and programs, today
announced the appointment of Carl E.
Sassano to the Medifast Board of Directors and Barry B. Bondroff, CPA, as Lead Director,
effective July 22, 2013. Mr.
Sassano will also serve on the Company's Compensation
Committee.
(Logo: http://photos.prnewswire.com/prnh/20120613/NE24271LOGO-b
)
Mr. Sassano joins the board with over 40 years of significant
corporate experience. Mr. Sassano is a Partner in CSW Equity
Partners, a private equity investment company and serves as
Chairman of the Board of Voiceport, a company in the CSW portfolio.
Mr. Sassano is currently a member of the Board of Transcat,
Inc., serves as their Lead Director, and was Chairman of the Board
from October 2003 until July,
2013. From 1999 to 2000, Mr. Sassano was President and Chief
Operating Officer of Bausch & Lomb and held a number of other
senior executive positions there including President-Global Vision
Care from 1996 to 1999, President-Contact Lens Division from 1994
to 1996, Group President from 1993 to 1994 and President-Polymer
Technology, a subsidiary of Bausch & Lomb, from 1983 to
1992.
"We are excited to announce the appointment of Carl to our
Board. Carl is a tremendous leader and his extensive
experience at Transcat and Bausch & Lomb will enable him to
make meaningful contributions to the Board," commented Michael C. MacDonald, Medifast's Chairman and
CEO. "Carl has a strong understanding of consumer facing
organizations and as Medifast continues to implement our growth
strategy, Carl's background and contributions will be
invaluable."
Mr. Bondroff has served as a Director on the Medifast Board
since 2008. He is an officer and director with Gorfine,
Schiller & Gardyn, PA, a full-service certified public
accounting firm offering a wide range of accounting and consulting
services. Previously, he was a Senior Managing Director with SMART,
which merged with Gorfine, Schiller & Gardyn in May 2003. Mr. Bondroff has over 42 years of
experience providing companies of all sizes and across varied
industries with practical accounting, assurance, tax, business,
technology and financial advisory services.
Mr. MacDonald concluded, "Barry's leadership and insights have
been instrumental to the growth of Medifast over the years, and in
his new role as Lead Director, he will continue to provide guidance
and oversight as we execute our strategic initiatives, expand our
reach and profitability, and continue to develop our multi-channel
distribution network across Take Shape for Life, Medifast Direct,
Medifast Weight Control Centers, and Wholesale Physicians."
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.
MED-G
SOURCE Medifast, Inc.