Tag Archive for Michael McDonald

Medifast CEO Named EY Entrepreneur Of The Year Finalist

 
Medifast, Inc.  a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, today announced that Michael MacDonald, Chairman and Chief Executive Officer, was named a finalist for the EY Entrepreneur Of The Year® 2015 Award in the Maryland Region.
The 29th annual awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.  A panel of independent judges selected the 24 Maryland finalists. 

“Without our passionate executive team and dedicated employees who truly embody the Company’s entrepreneurial spirit, this honor would not be possible,” said Michael MacDonald, Medifast Chairman and Chief Executive Officer. “This award is a reflection of the hard work and dedication of many who remain focused on helping our customers live healthier.”

At

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Medifast Profits Fall 45%, Overhauls Board

 
Weight-loss company Medifast Inc. announced Monday that it would overhaul its board of directors under pressure from an activist investment firm, removing eight directors and adding five.
Medifast, is seeking to break into international markets and expand its national reach as it copes with growing competition from technology-driven diet programs on smartphones and other gadgets. CEO Michael MacDonald, who will continue as chairman, said the new board would help the company reach those goals.

The board members who are being replaced “were good board members but didn’t have the national experience or exposure that these guys were looking for,” MacDonald said. “What we’re doing now is putting in what we feel will be people who have very good skill sets to take us to that next level.”

MacDonald said he began talking last year with

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