Benzinga | Oct 1, 2021 03:02PM EDT

WW International CEO Mindy Grossman To Step Down After Q1

* WW International Inc's (NASDAQ:WW) President and CEO Mindy Grossman has decided to step down after the first quarter of 2022.

* Grossman will continue to lead the company until that time and work with the Board to help select a successor.

* Grossman has led the company's transformation, relaunching the brand and renaming the company to WW from Weight Watchers in 2018.

* "Over the past four years, we repositioned the brand and the business, and have grown our membership base, with retention now at all-time highs," said Mindy Grossman.

* Price Action: WW shares are trading higher by 3.18% at $18.83 on the last check Friday.