Medifast Appoints Steven Zenker as Vice President of Investor Relations

Medifast (NYSE: MED) announced the appointment of Steven Zenker as its new Vice President of Investor Relations on March 2, 2023.

Rhea-AI Summary

Medifast (NYSE: MED) announced the appointment of Steven Zenker as its new Vice President of Investor Relations on March 2, 2023. Zenker brings over 30 years of experience in investor relations, financial planning, and investment management. Reporting to CFO Jim Maloney, he will enhance Medifast's investor relations strategy. Maloney expressed confidence in Zenker's leadership to strengthen connections with the financial community and communicate the company's unique business model. Zenker previously held various leadership roles, including at Sinclair Broadcast Group and Central Garden & Pet Company, and holds degrees from SUNY Albany and Fordham University.

Positive

• Steven Zenker's appointment is expected to enhance investor relations.
• Zenker has extensive experience in financial leadership and corporate communications.
• The company aims to improve engagement with both existing and new investors.

Negative

• None.

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BALTIMORE, March 2, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, today announced it has named Steven Zenker as Vice President of Investor Relations.

Mr. Zenker has over 30 years of investor relations, financial planning and analysis, communications, and investment management experience. He reports to Chief Financial Officer Jim Maloney and will lead the strategy and continued implementation of the company's investor relations program.

"We are pleased to welcome Steven to the Medifast team and look forward to his leadership as we continue to shape our investor relations program for long-term success. His strong track record of financial leadership and expertise in both investor relations and corporate communications are invaluable to continuing to communicate Medifast's unique business model and our opportunities ahead," said Jim Maloney, Chief Financial Officer of Medifast. "We are focused on creating a stronger connection with the financial community, deepening engagement with those who already know us and attracting others new to the Medifast story."

Most recently, Mr. Zenker served as Senior Vice President and Vice President of Investor Relations at Sinclair Broadcast Group, where he led the development and implementation of the company's investor relations strategy. Prior to joining Sinclair, Mr. Zenker was Vice President of Investor Relations, FP&A and Corporate Communications for Central Garden & Pet Company, where he worked for nine years. From 2007 to 2011, he was Senior Vice President & Portfolio Manager for Bank of America Private Wealth Management. Prior to that role, starting in 2002, he was Vice President of Investor & Corporate Communications for WCI Communities, Inc. In addition, Mr. Zenker held portfolio manager and investment analyst positions for several buy-side investment firms.

Mr. Zenker received his bachelor's degree in business administration from SUNY Albany and his master's degree in business administration from Fordham University.

"Medifast is uniquely positioned to help people achieve optimal health and wellbeing, with a business model that is compelling for stockholders. I look forward to further communicating the investment thesis and advancing the efforts already underway as Medifast evolves its business and works toward long-term growth targets," said Steven Zenker.

About Medifast:

Medifast (NYSE: MED) is the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, which offers scientifically developed products, clinically proven plans and the support of independent OPTAVIA Coaches and a Community to help Customers achieve Lifelong Transformation, One Healthy Habit at a Time®. As the publicly traded market leader by revenue in the U.S. $7 billion weight management industry, the company has impacted more than 2 million lives through its Community of OPTAVIA Coaches, who teach Customers how to develop holistic healthy habits through the proprietary Habits of Health® Transformational System. Medifast was recognized in 2022 as one of America's Best Mid-Sized Companies by Forbes, in 2020 and 2021 as one of FORTUNE's 100 Fastest-Growing Companies and was named to Forbes' 100 Most Trustworthy Companies in America list in 2017. For more information, visit MedifastInc.com or OPTAVIA.com and follow @Medifast on Twitter.

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SOURCE Medifast

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the significance of Steven Zenker's appointment at Medifast (NYSE: MED)?

Steven Zenker's appointment is significant as he is expected to strengthen Medifast's investor relations program, leveraging his 30 years of experience in the field.

What experience does Steven Zenker bring to Medifast (NYSE: MED)?

Steven Zenker brings over 30 years of experience in investor relations, financial planning, and communications, including prior roles at Sinclair Broadcast Group and Central Garden & Pet Company.

How will Zenker's role impact Medifast's communication with investors?

Zenker's role will enhance Medifast's strategy for investor engagement, aimed at better communicating the company's business model and growth opportunities.

When was Steven Zenker appointed Vice President of Investor Relations at Medifast (NYSE: MED)?

Steven Zenker was appointed Vice President of Investor Relations on March 2, 2023.