Med­i­fast re­places CEO with in­dus­try veteran

Baltimore Sun - - VARSITY - —Lor­raine Mirabella —Ben Weath­ers, Bal­ti­more Sun Me­dia Group —Lor­raine Mirabella

Weight loss com­pany Med­i­fast Inc. has re­placed CEO Michael MacDon­ald with a veteran of the di­rect sell­ing in­dus­try, the Owings Mills firm said Mon­day. Daniel R. Chard be­came CEO and a mem­ber of Med­i­fast’s board Mon­day, the com­pany said in an an­nounce­ment af­ter the stock mar­ket closed. MacDon­ald, a board mem­ber since 1998 and CEO since Fe­bru­ary 2012, will re­main with the com­pany as ex­ec­u­tive chair­man. Chard, for­mer pres­i­dent and COO of Par­tyLite, an af­fil­i­ate of a port­fo­lio com­pany of The Car­lyle Group, was cho­sen by a search com­mit­tee led by MacDon­ald and Glenn Welling, a Med­i­fast in­de­pen­dent di­rec­tor. MacDon­ald said the man­age­ment changes come at a time of tran­si­tion for the com­pany. It has launched new prod­ucts un­der the Op­tavia brand, which are sold by health coaches who work with clients through Med­i­fast’s Take Shape For Life sub­sidiary. Mary­land Live, re­cently in­vested $250 mil­lion in two ho­tels near the casino’s Arun­del Mills lo­ca­tion. A state con­sul­tant pro­jected in 2013 that the casino could lose 16 per­cent of its mar­ket share by 2019 af­ter MGM opens. But Mary­land Live has de­fied such pro­jec­tions be­fore. Prior to the Horseshoe Casino open­ing in 2015, Cum­mings As­so­ci­ates pro­jected that the Hanover casino would lose some 15 per­cent of its busi­ness. In the last fis­cal year Mary­land Live brought in more than $650 mil­lion in rev­enue — twice that of Horseshoe. supervisor, she was fired. Plasti­pak told the tem­po­rary agency the fir­ing was in her “best in­ter­est,” ac­cord­ing to the law­suit.

WIL­LIAM THOMAS CAIN/GETTY 2003

Shop­pers browse at a Ca­bela’s. Both Ca­bela’s and Bass Pro are known for their gi­ant des­ti­na­tion su­per­stores.

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