Nutrisystem CFO Mike Monahan Named 2015 CFO of the Year Finalist by Philadelphia Business Journal
FORT WASHINGTON, Pa., June 22, 2015 /PRNewswire/ -- Nutrisystem, Inc. (NASDAQ:NTRI), a leading provider of weight management products and services, is pleased to announce the Company's Chief Financial Officer, Mike Monahan, has been named a 2015 CFO of the Year finalist by Philadelphia Business Journal. The prestigious nomination recognizes professionals in the Greater Philadelphia area for outstanding performance in their roles as corporate financial stewards.
"We're delighted Mike is being recognized for his pivotal role in the Nutrisystem turnaround," commented Nutrisystem CEO, Dawn Zier. "Mike is a tremendously effective CFO and an extraordinary asset to our management team."
Monahan Role in Nutrisystem Turnaround
Mr. Monahan, who rejoined Nutrisystem in 2013, will be recognized at an upcoming awards luncheon as one of the region's top financial officers during a critical juncture for the iconic brand. His formidable efforts were directly tied to the company's ability to increase shareholder value, reinvest in growth strategies and add to operating cash flow.
For full year 2014, the company generated double-digit revenue growth of 13% reversing a multi-year trend of a year-over-year decrease in revenue. In addition, there were significant bottom-line improvements with 2014 adjusted earnings per share increasing year-over-year by 65% and adjusted EBITDA growing 35%.
Mike believes success comes from disciplined execution. He and the Nutrisystem management team remain focused, having recently exceeded expectations during Q1 2015, delivering seven consecutive quarter of year-over-year revenue growth, raising guidance and outperforming the competitive set.
About Nutrisystem, Inc.
Nutrisystem, Inc. (NASDAQ: NTRI) is a leader in the weight loss industry, having helped millions of people lose weight over the course of more than 40 years. The Company's weight loss solutions include Nutrisystem® My Way®, a 28-day structured food delivery program, multi-day kits available at select retail outlets and a new free app and digital platform NuMi® by Nutrisystem. The Company's current product line offers customers the most meal choices, including more than 100 foods containing no artificial preservatives or artificial flavors. Nutrisystem® plans are consistent with national guidelines for dietary intake meeting targets for fat, sodium, sugar, cholesterol, fiber and physical activity and include comprehensive counseling options from trained weight-loss coaches, registered dietitians and certified diabetes educators. Plans can be customized to specific dietary needs and preferences including the Nutrisystem® D® program for people with Type 2 diabetes or pre-diabetes. For more information, go to NutrisystemNews.com.
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SOURCE Nutrisystem, Inc.
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