Weight Watchers Shares Rally On New CEO Mindy Grossman

By Wallace Witkowski Markets MarketWatch Pulse

Weight Watchers International Inc. shares rallied in the extended session Wednesday after the weight-loss company announced a new president and chief executive. Weight Watchers shares surged 13% to $22.75 after hours. The company announced that Mindy Grossman will become CEO in July, replacing members of the interim CEO group which included Financial Chief Nicholas Hotchkin, and board members Thilo Semmelbauer and Christopher Sobecki. Grossman is currently CEO of home-shopping network and online retail company HSN Inc. . Shares of HSN were flat at $36.50 after hours.

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