-+ 0.00%
-+ 0.00%
-+ 0.00%

Medifast Appoints Nicholas Johnson President, Effective Immediately; CEO Dan Chard To Step Down In June

Benzinga·01/05/2026 14:05:20
Listen to the news

Medifast, Inc. (NYSE: MED) today announced a planned leadership transition designed to provide continuity and stability as the company continues its evolution toward metabolic health.

Medifast Chairman & Chief Executive Officer Dan Chard has informed the Board of Directors that he plans to step down as Chief Executive Officer in June 2026. Chard will continue to serve as Chairman of the Board following the transition.

The Board has appointed Medifast's Chief Field Operations Officer Nicholas Johnson as President of Medifast, effective immediately. Johnson will work closely with Chard and the Board during a deliberate transition period and is expected to assume the role of Chief Executive Officer following Chard's departure.